Online brokerage Amerivest, a subsidiary of TD Ameritrade Holding, is making exchange-traded funds available directly to investors without charging them a commission, The Kansas City Star reports.

This is likely to appeal to those investors with small portfolios or who direct small amounts of money regularly to ETFs, because given the commissions typically charged, that can render them uneconomical. Further, such commissions can deter investors from rebalancing their portfolios.

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