US brokerage firms and asset managers have been riding a rising tide of wealth for years. But now the party is ending. Technological innovation has made it so every broker must charge zero commission fees if they want to maintain market share. Come October 7, the era of zero-commissions officially begins for the big brokers. As for asset managers, investors are paying them the lowest fees ever.
To read this Market Insight, you’ll need to sign in
If you don’t have a subscription, get in touch for a free trial.
