This isn’t exactly a moon landing…

Some news today rocked the brokerage stocks as Charles Schwab announced the launch of commission-free trading for all stocks, ETFs and options, for all customers, beginning next week. TD Ameritrade, ETrade and Schwab itself all got hammered on the stock market – down between 9 and 23% at last glance.

I did a quick thing about what this means to Schwab’s clients, as well as its RIA custodians (we are a client of theirs on the custody side)…

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I also commented for Investment News, read their article here:

Traders punish Schwab, TD, ETrade for move away from commissions (Investment News)

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