Charles Schwab Considers Commission-Free Platform and 2 Hot Stocks Making Market Waves
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Charles Schwab (NYSE:SCHW) is attempting to set up a commission free platform for trading ETF’s, the first of its kind to be in the nature of a ETF supermarket featuring funds from multiple firms. According to Reuters however, ETF providers have been cool to the proposal fearing they would have to pay very high marketing fees to Schwab. According to the report, Schwab is proposing they pay distribution and marketing fees in the range of 0.05%-0.10%, which may be too high for some providers.