ETFs

The move follows similar offers from other major brokerages in the last two weeks, as firms race to woo clients with the lowest-priced products possible.

Despite recent rebranding efforts, the EventShares fund hasn’t seen an inflow since May.

“Not every muni is trying to achieve the same thing,” an expert says.

Geopolitical friction and a slowdown in global economic growth have boosted the metal’s demand despite signs of recent wavering.

Clients should consider paying more deductible expenses before year-end if their total itemizable deductions will be close to their standard deduction amount.

The change, the regulator says, will facilitate greater competition and innovation in the ETF marketplace, leading to more choice for investors.

The low-cost brokerage followed its competitors for retail clients and will offer the new pricing to RIAs in November.

“The combination of low rates, curbs on state and local tax deductions, and consistent economic expansion have been a nice tailwind,” an analyst says.

More than 70% of U.S. ETF assets are in funds that charge 2 basis points or less, data show. But free isn’t an automatic ticket to success.

At more than twice the price of the average fund, many with the even biggest gains still underperformed the broader market over the last decade.