PriceMetrix has launched a tool for advisors and broker-dealers to help them determine how much commission to charge on equity trades, which is critical given that many advisors tend to undercharge for their work.
The tool, which is being offered at no cost, has been derived from the PriceMetrix proprietary database of equity commissions paid by over 400,000 U.S. investors for 3.2 million full service retail trades from 2008 and 2009. The schedule produces commission amounts based on the actual negotiated rates according to the size of the transactions.
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