Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A Fund Supermarket Hikes Fees Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, April 07, 2010

A Fund Supermarket Hikes Fees

News summary by MFWire's editors

Online broker TD Ameritrade is increasing fees on its no-transaction-fee mutual fund platform from 35 basis points to 40 bps, confirmed Sandy Motusesky, TD Ameritrade's director of mutual fund and ETFs. The move puts TD on the same page as Schwab and Fidelity, both of which charge fund firms 40 bps.

Sandy Motusesky
TD Ameritrade
Director of Mutual Funds and ETFs
"We've put a lot of time, effort and investment in tools and resources," Motusesky said. "We're building out mutual fund platform. Our platform is as good as that of our top two competitors."

The new pricing is in effect for funds coming on board the platform. TD Ameritrade is looking to transition existing funds to the new pricing by the end of its fiscal year in September.

TD Ameritrade's NTF platform carries 1,600 funds.

"We're going down the list of the ones that we feel needed to be done first," she said. 

Edited by: Armie Margaret Lee


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use