Economics
With $0 Fees, Schwab Risks Blowing Up Brokerage Model It Built
- Trend toward zero fees was ‘inevitable,’ Schwab CFO says
- Shares of online brokers plunge; TD Ameritrade quickly matches
This article is for subscribers only.
Not too long ago, Charles Schwab Corp. helped to usher in the golden age of low-cost, online stock trading.
Now, the brokerage may help to kill off the fee-based business model altogether.