Group Co.
TD Ameritrade Goes Commission-Free on 569 ETFs
Traders Magazine Online News, May 14, 2019
The ETF fee wars are heating up.
Hot on the heels of a recent announcement by Vanguard to lower ETF prices via fee cuts for select ETFs it offers, rival TD Ameritrade announced it was expanding its commission-free ETF trading program. Now clients can save money trading 569 funds, up from 300, coming from 21 providers covering some 90 Morningstar categories.
The expansion, effective June 1, 2019, gives more than 7,000 registered investment advisors (RIAs) and TD Ameritrade’s 11 million individual investor client accounts access to one of the largest and most diverse selections of non-proprietary, commission-free ETFs in the industry.
ETFs from 12 new providers join TD Ameritrade’s expanded line up, which covers an additional 13 Morningstar categories and offers more choices for those already represented in TD Ameritrade’s commission-free ETF program.
Along with more municipals, commodities, index-tracking, countries, single currency, sector, asset allocation and low-cost core offerings, advisors and investors can access actively managed ETFs utilizing long-short smart beta and environmental social governance (ESG) strategies. RIAs and individual investors will be able to choose ETFs from the following providers:
Aberdeen Standard Investments* |
IndexIQ Advisors* |
Principal* |
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AGFiQ QuantShares |
Invesco |
ProShares |
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DWS* |
iShares ETFs |
State Street Global Advisors |
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First Trust Portfolios |
John Hancock Investments* |
USAA |
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FlexShares * |
J.P. Morgan Asset Management |
USCF Investments* |
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Global X Management* |
Nuveen* |
VanEck* |
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Goldman Sachs Asset Management* |
PIMCO* |
WisdomTree |
*New providers as of June 1, 2019
“While we’re pleased to again offer our clients a greater selection of commission-free ETFs, we’re particularly excited about the broad range of strategies, sectors and asset classes available without a commission,” said Eileen Norton, director of investment solutions at TD Ameritrade Institutional2. “It doesn’t end here. We’ll continue to innovate and upgrade the ETF Market Center and commission-free program going forward as part of our constant efforts to improve the investing experience for our clients.”
TD Ameritrade broke new ground when it first launched the ETF Market Center in 2004, and in 2010 raised the bar again by offering commission-free ETF trading. TD Ameritrade’s ETF Market Center also offers RIAs and individual investors access to screeners, research tools, analysis and independent commentary.
“We’re committed to providing our clients access to a robust suite of commission-free products through the ETF Market Center,” said Keith Denerstein, director of investment products and guidance at TD Ameritrade. “With a wide range of commission-free ETFs to choose from and industry-leading research tools and analysis, we’re helping our clients build portfolios that meet their needs.”
Industry-wide, the U.S. ETF market surged to $3.4 trillion across 1,996 ETFs at the end of 2018, a more than tenfold increase from $237 billion across 157 ETFs in 2004, according to research firm ETFGI.
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