02.13.19
Charles Schwab, Fidelity Escalate Brokerage Price War
by: Asjylyn Loder
Charles Schwab and Fidelity Investments are making hundreds more exchange-traded funds (ETFs) free to trade on their platforms. Schwab announced that it will double the number of ETFs that can be bought and sold at no cost on its platform, while Fidelity said its platform would expand its commission-free lineup to include more than 500 ETFs. The moves mark the latest salvo in a yearslong battle that has dragged prices lower on everything from advice and asset management to trading. Related coverage (citing ICI data): CNBC
Read the full article on Wall Street Journal