The custodial firm announced today it too would eliminate the $4.95 commission on trades, including for RIAs, and reiterated that, unlike rivals, it does not sell trade order flow.
Robinhood's new feature, called Cash Management, takes a more traditional regulatory approach than its last foray into bank accounts.
Online B/D TradeStation Securities and online brokerage Ally Invest are offering commission-free trading.
Charles Schwab Investment Management will offer 3 new bond ETFs as of Oct. 10.
Jud Bergman, who led Envestnet through a 2010 IPO and several acquisitions, was 62.
Riskalyze's CEO, Aaron Klein, insists the firm is staying in its lane, but what if that lane is actually the whole highway?
The new changes will go into effect on Oct. 7, the same day Charles Schwab sets its commissions at zero and days after TD Ameritrade does the same.