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Friday, September 24, 2010|
USAA Plants its Flag on NTF Soil
USAA Investment Management [see profile] is making a push into no-transaction-fee supermarkets. Earlier this month, 18 of USAA's mutual funds landed on E*Trade, marking the first time that USAA joined an NTF platform. [see story]
USAA's funds are also available on the transaction-fee platforms at TD Ameritrade and Vanguard.
"We've spent a lot of time listening to our members," Englehart said. "The voice of the membership base spoke to us loud and clear that there's an interest. This prompted us to get placement on the NTF side."
The firm's mutual funds are open to all investors, not just USAA members.
The membership base consists of 7.7 million members and veterans of the U.S. military and their families. Among USAA's broad set of offerings, the property and casualty insurance products and some lending products are restricted to members.
Printed from: MFWire.com/story.asp?s=33531
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