Watch how FRIP® works   


Align dividend reinvestment with your investment strategy.

Incorporating commission-free flexible dividend reinvestment into your investment strategy means you can:

  • Help rebalance your investment portfolio
  • Target a single stock or ETF
  • Dollar cost average your investments
  • Utilize a set-it-and-forget-it strategy or change your reinvestment selections as often as you like

FRIP® Features

Commission-free reinvesting

No matter the size of a FRIP® purchase, you won’t pay a commission

Pooling dividends

Dividends from stocks and exchange-traded funds can flow into your FRIP® pool

Flexible allocations

Change your FRIP® selections at any time

Automatic reinvesting

FRIP® automatically makes trades on the date you request

Reinvestment options

Tap the FRIP® pool to buy up to five eligible* securities at a time, including non-dividend securities

More flexibility

Change the percentage allocation to each security, along with the date and frequency of FRIP® purchases, at any time

*Marginable equities are eligible with the Program Balance, as defined in the Flexible Reinvestment Program®  Terms and conditions