As behemoth brokerage firms go zero-commission on trades, advisors are concerned

As behemoth brokerage firms go zero-commission on trades, advisors are concerned

US News Rank

Jonnie Miles | Photographer’s Choice | Getty Images

There may be no free lunch in the financial services industry, but there is now free trading of stocks, exchange-traded funds and options.

Charles Schwab announced on Oct. 2 it would eliminate commissions on those products for retail and registered investment advisor clients on its platform. TD Ameritrade and ETrade quickly matched…

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