Your amazing online presence is right this way.

Create your profile
Capture who you are, what you do, and where you're going. All in one place.

FEATURED CONTRIBUTOR

Investors Win in Broker Price War, But Tread Carefully

Viewing on Levo:

Only you can see this list

When brokers battle, consumers win. That’s the takeaway from a war that began in February, which saw online firms dropping their commissions in quick succession.

It felt like an auction for investor dollars: On Feb. 28, Fidelity Investments cut its long-standing $7.95 stock and ETF trading commission to $4.95. Charles Schwab — which had already reduced its commission by $2 earlier this year — quickly stepped up to match Fidelity. TD Ameritrade then chimed in, announcing it will lower its commission to $6.95 from $9.99 on March 6, and E-Trade followed up with a planned March 13 price drop from $9.99 to $6.95, reducing its active trader rate to $4.95.

Investors clearly have the upper hand here, but that doesn’t necessarily mean they should...

Continue reading on www.nerdwallet.com

Make Levo Yours

Levo is the best place to contribute your inspirational thought leadership. Begin elevating the purposeful careers of our community by sharing your insights, data, and stories today.

APPLY TO BE A CONTRIBUTOR