You may have seen the news…first Charles Schwab, and now our custodian TD Ameritrade Institutional is eliminating base commissions for online exchange-listed stock, ETF (domestic and Canadian), and options trades, moving from $6.95 to $0.00.
TD Ameritrade Institutional has been a valued strategic partner to our firm and we’re thrilled by their move to lower the cost of investing and trading for you. The change goes into effect on October 3, 2019. That’s when you should start to see lower commissions on qualifying trades in your account(s).
While many of the accounts we manage utilized the $0 commission securities already available, this opens up tremendous opportunity for us to use, many, many more investment vehicles at no additional expense to the account. This will be extremely beneficial for the accounts we manage that employ options strategies.
Please see the company press release for additional details on this milestone announcement and as always let me know if you have any questions.
Please also note that M.W. Aragao Investment Advisors, LLC and TD Ameritrade Institutional are separate and unaffiliated, and each is not responsible for the products or services of the other.