charles schwab

Charles Schwab offers low-cost index funds and ETFs with no account minimums or maintenance fees.
Schwab charges no commissions on stock, ETF, or options trades, and offers free fractional share investing through its Stock Slices product.
If you’d like help with choosing your investments, Schwab’s Intelligent Portfolios robo-adviser service is free to use and offers automatic rebalancing and tax-loss harvesting.
Schwab is great for anyone who values price most, and doesn’t mind having to do a little homework to find the features that best suit them.
See Business Insider’s picks for the best online brokerage »

Founded in 1971, Charles Schwab has been a leader in the discount brokerage industry for over 45 years. Today, it manages $4 trillion in assets and has over $439 billion invested in its proprietary mutual funds and ETFs.

Charles Schwab is one of the few companies that tries to offer both “convenience” and “low cost” in one brokerage package. While it features inexpensive index funds and ETFs and charges zero trade commissions on most assets, it also has a network of over 350 physical branches scattered throughout the United States.

In this review, we’ll take a closer look at Schwab’s products, services, and fees to help you decide if it’s the right broker for you.

Table of ContentsLow-cost index funds and ETFs

Savvy DIY investors love searching for index funds and ETFs that offer low expense ratios. And Charles Schwab’s offerings are some of the most affordable in the industry.

For example, its S&P 500 index fund has an expense ratio of only 0.02%. The expense ratio on its Total Stock Market Index (SWTSX) is just slightly higher at 0.03%.

Many of Schwab’s ETFs come with market-leading costs as well. Its Multi-Cap Core (SCHB) and

Source:: Business Insider

      

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