Additionally, there are significant differences between the Raymond James commission-free lineup and those of the firm’s aforementioned rivals. Offering 120 commission-free ETFs gives Raymond James a larger commission-free ETF lineup than either Fidelity or TD Ameritrade, but Raymond James’ commission-free lineup lacks the brand cache that its rivals have.
For example, the nearly 75 Fidelity offers without commissions are either its own ETFs or 70 from iShares while TD Ameritrade features iShares and Vanguard ETFs, among others, among its just over 100 commission-free offerings.
With its recent expansion, Schwab OneSource cemented its status as the largest commission-free ETF platform in terms of number of issuers and funds.
Last month, Schwab unveiled a massive expansion of its Schwab ETF OneSource commission-free ETF platform by adding 65 new ETFs and seven new issuers.
New providers joining OneSource are ALPS, Direxion Investments, Global X Funds, IndexIQ, PIMCO, ProShares and WisdomTree (NasdaqGS: WETF). Those firms join OneSource’s original members State Street (NYSE: STT), Guggenheim, Invesco’s (NYSE: IVZ) PowerShares, ETF Securities, U.S. Commodity Funds and Schwab’s own lineup of ETFs. [Schwab Bolsters Commission-Free ETF Lineup]