Charles Schwab & Co. said today that it would waive commissions on electronic equity trades and reimburse account-transfer fees to new clients of independent investment advisers whose assets are held in custody with it’s firm.
The offer is said to be good from July 1 through the end of 2009, and will remain effective for new-account trades through June 30, 2010.
“Implicit in this is that if it’s right by the client, the client will reward us in the long run,” - Jim McCool, Exec. VP in charge of Schwab Institutional.
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Schwab Waiving Fees for New Clients of RIAs
Charles Schwab & Co. said today that it would waive commissions on electronic equity trades and reimburse account-transfer fees to new clients of independent investment advisers whose assets are held in custody with it’s firm.
The offer is said to be good from July 1 through the end of 2009, and will remain effective for new-account trades through June 30, 2010.
“Implicit in this is that if it’s right by the client, the client will reward us in the long run,” - Jim McCool, Exec. VP in charge of Schwab Institutional.