Most plans are managed by third-party agents. You can browse lists of available plans on the Computershare website.
Complete an online application and link your bank account for a one-time or recurring electronic fund transfer.
Check the "Investor Relations" section of a company’s website to see if they offer a DSPP. Common examples include The Coca-Cola Company and Walmart. how do i buy stocks without a broker
Limited to participating companies; shares are less liquid and can take days or weeks to sell.
Most offer two-factor authentication and strong encryption to protect digital assets. Key Differences at a Glance Direct Stock Plans (DSPPs) Online Brokerage Accounts Selection Limited to one specific company Access to thousands of stocks/ETFs Execution Established times (daily/weekly/monthly) Real-time during market hours Fees Small setup or purchase fees may apply Typically $0 for US stocks Automation Highly automated for long-term growth Manual or automated (via robo-advisors) How to Get Started with a DSPP Most plans are managed by third-party agents
Most reputable online brokers now offer $0 commission trades for stocks and ETFs.
Carefully read the plan's rules regarding minimum initial investments (often $100–$500) and any administrative fees. Check the "Investor Relations" section of a company’s
These plans automatically use any dividends earned from stocks you already own to buy more shares of that same company.