Schwab Lowers Costs for Advisors

By Marion Asnes

June 25, 2009

Jim McCool, executive vice president and head of Schwab Institutional Services, announced today that the firm will waive commissions on electronic equity trades and reimburse transfer-of-account fees charged by contra brokers for up to one year when advisors open accounts for clients who are new to Schwab. In addition, Schwab will waive the next year¹s maintenance fees for its portfolio management software, PortfolioCenter. More than one-third of the roughly 6,000 advisors who custody with Schwab use PortfolioCenter. The new pricing will take effect July 1.

<SCRIPT language="JavaScript1.1" SRC="http://ad.doubleclick.net/adj/onwallstreet.new/;abr=!ie;pg=ria_ros;sz=220x200;pos=marketplace1;tile=10;ord=10840042?"> </SCRIPT>
<SCRIPT language="JavaScript1.1" SRC="http://ad.doubleclick.net/adj/onwallstreet.new/;abr=!ie;pg=ria_ros;sz=220x200;pos=marketplace2;tile=11;ord=10840042?"> </SCRIPT>
<SCRIPT language="JavaScript1.1" SRC="http://ad.doubleclick.net/adj/onwallstreet.new/;abr=!ie;pg=ria_ros;sz=220x200;pos=marketplace3;tile=12;ord=10840042?"> </SCRIPT>
<SCRIPT language="JavaScript1.1" SRC="http://ad.doubleclick.net/adj/onwallstreet.new/;abr=!ie;pg=ria_ros;sz=220x200;pos=marketplace4;tile=13;ord=10840042?"> </SCRIPT>

On Wall Street

Related Sites

Skip to Content

On Wall Street main navigation

Schwab Lowers Costs for Advisors

Related Sites

On Wall Street main navigation

Schwab Lowers Costs for Advisors

Advertisement

Related Articles

Most Read

Most Emailed

Advertisement