Webull, an online investment platform, announced the launch of mutual funds for IRA accounts, expanding its suite of long-term investing and retirement solutions for U.S. users.

This new offering gives eligible IRA customers access to professionally managed mutual funds, enabling investors to build more diversified portfolios directly within the Webull platform. The launch represents another step in Webull's continued expansion of investment products designed to support a broader range of investor needs and long-term financial goals.

Mutual Funds pool investor capital into diversified portfolios of stocks, bonds, and other securities managed by professional portfolio managers. They are commonly used for retirement and long-term investing because they provide diversification, simplified portfolio construction, and access to professionally managed investment strategies.

"Expanding access to mutual funds within IRA accounts allow investors to more easily diversify their portfolios and manage their retirement savings through a single platform," said Lindsay Ryan, Head of U.S. Products. "By bringing more investment choices into one streamlined experience, we're helping clients simplify long-term financial planning and stay focused on achieving their goals."

The launch is designed to support investors contributing to retirement accounts, rolling over retirement assets, or looking to diversify their long-term portfolios through professionally managed products.

Key features of the offering include:

• Access to diversified, professionally managed mutual funds within eligible IRA accounts
• Availability of no-load mutual funds for retirement investors
• Expanded portfolio diversification options for long-term investing strategies
• Improved flexibility for retirement investors holding mutual fund positions

Mutual Funds have launched in beta for select U.S.-based customers, with a full rollout to all IRA accounts coming soon. The available fund lineup will continue to expand through the addition of new funds and CUSIPs, providing investors with a broader range of investment options. Support for ACAT transfers of mutual fund positions is also expected in a future release.