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Sept. 16, 2021 5:45 americium ET
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After years of interest wars with different brokers, Charles Schwab is pushing back. Starting connected Nov. 1, the outgo for retail investors to bargain Vanguard, Fidelity, and Dodge & Cox funds astatine the broker volition emergence from $49.95 to $74.95—a 50% increase. Similarly, astatine TD Ameritrade, which Schwab acquired successful October 2020, prices for the aforesaid money families volition emergence from $49.99 to $74.95 connected Oct. 1.
Schwab’s stated crushed for this displacement is covering its record-keeping and different administrative costs. “The bulk of communal money families wage Schwab/TD...