Free is perceived to be, in most cases, so it is not surprising that registered investment advisors have been using commission-free exchange traded funds in client portfolios.

Charles Schwab (NYSE: SCHW), TD Ameritrade (NasdaqGS: AMTD) and Fidelity are among the platforms used by RIAs that offer substantial line-ups of ETFs on a commission-free basis. Schwab rolled out its Schwab ETF OneSource platform earlier this year, offering 105 on a commission-free basis.

“From the February rollout through Sept. 30, $5.8 billion flowed into Schwab’s 105 commission-free ETFs. More than half of that has come from registered investment advisers,” reports Megan Durisin for Investment News.

OneSource has since grown to 121 ETFs after Schwab made 16 new additions last month. In addition to the entire lineup of Schwab ETFs, the firm’s clients can trade select ETFs from State Street Global Advisors, Guggenheim, PowerShares, ETF Securities and U.S. Commodity Funds commission-free. [Schwab Adds ETFs to Commission-Free Stable]

In an interview with Investment News, Beth Flynn, a vice president of head of third-party ETF platform management for Schwab, said the firm would like to expand OneSource in the future.

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