Has the FlexibleRIP made the DRIP obsolete?

quote:

---

A typical brokerage DRIP requires you to reinvest dividends from a dividend-paying security back into that same security. However the Flexible Reinvestment Program™ lets you invest dividends into up to five different eligible securities

---

quote:

---

Feature
FRIP™
Typical Brokerage DRIP

Commission-free reinvesting
Yes
Yes

Automatic Reinvesting
Yes
Yes

Pool of Accumulated Dividends
Yes. All designated dividend-paying securities feed into the pool
No. Dividends paid by a security can be invested only in that same security

Reinvest in Most Stocks or ETFs, Including Non-Dividend Securities
Yes
No


Flexible Allocation Percentage
Yes
No

Flexible Reinvestment Date
Yes. Date to invest funds can be altered at any time
No. Reinvest occurs only after a security pays a dividend

Fractional Shares
No. Only whole shares purchased
Yes

---