FYI: Some news today rocked the brokerage stocks as Charles Schwab announced the launch of commission-free trading for all stocks, ETFs and options, for all customers, beginning next week. TD Ameritrade, ETrade and Schwab itself all got hammered on the stock market – down between 9 and 23% at last glance.
I did a quick thing about what this means to Schwab’s clients, as well as its RIA custodians (we are a client of theirs on the custody side)…
Regards,
Ted
https://thereformedbroker.com/2019/10/01/this-isnt-exactly-a-moon-landing/
Comments