In an attempt to get a leg up on competitors, Charles Schwab announced it will cut commissions on 18 index mutual funds and ETFs .

The company will reduce its standard online equity and ETF trade commissions from $8.95 to $6.95, making Schwab’s trading commission the lowest among competitors including Fidelity, Vanguard, TD Ameritrade and E*Trade, the firm said in a statement.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access