“Investors are like hyperactive first graders playing musical chairs -- always trying to out-anticipate the other as to when the music will stop.”
Online B/D TradeStation Securities and online brokerage Ally Invest are offering commission-free trading.
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.
Moves by Schwab and TD Ameritrade to eliminate commissions look great on the surface, but advisors know there’s no free lunch.
Does this signal the end of the race to zero?
The specialized platform will work with Fidelity's portfolio construction systems to help deliver investments better aligned with client values related to ESG.
About 42% of family offices around the world are raising cash reserves.
The benchmark rate was lowered by a quarter percentage point to a range of 1.75% to 2%.
When the trend breaks, it breaks big.