Schwab’s entrance into the ETF space was no small thing; many believe that it was the first salvo in a full-blown price war between brokerages and ETF providers. The result so far has been lower fees and the reduction or elimination of many commissions.
Schwab believes they are the go-to provider for these low cost, popular investment tools.The first Schwab ETFs were launched just one year ago in a bold move that allowed Schwab clients to trade the ETF shares with no commissions online through a Schwab account. [Tom Lydon Live From Schwab IMPACT.]
We certainly know Schwab’s appeal – our clients’ accounts are custodied there, and we happen to own Schwab U.S. Small-Cap (NYSEArca: SCHA), as well.
Tisha Guerrero contributed to this article.