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US Brokers May Levy Fee on ETF Managers
Summary by Business Times
2 Articles
2 Articles
The $21 Billion Opportunity for US Brokers as ETFs Undermine Zero Commissions
As retail investors in the US continue their steady migration from mutual funds to exchange-traded funds (ETFs), an unintended casualty may be the commission-free trading model that has defined the past decade of retail brokerage. According to JP Morgan, as reported by Reuters, US brokers and custodians may start seeking distribution fees from ETF managers.The zero-commission model began in earnest in 2013, when Robinhood popularised free tradin…
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