What Schwab’s new ETF platform fees mean for clients, advisors
Processing Content Key insight: Brokerages are replacing lost trading commissions with new fees for ETF providers. Charles Schwab now joins Fidelity Investments in doing so. Supporting data: Schwab is demanding platform fees equal to as much as 15% of the management fees currently collected by third-party ETF sponsors. Expert quote: “Schwab is charging its rivals…