Fidelity's fee increase creates opportunity for Schwab and Interactive Brokers

Gossip from Seeking Alpha allegedly quoting a letter Fidelity sent to customers.

 

And? What's the quote?

 

https://seekingalpha.com/news/36438...pportunity-for-schwab-and-interactive-brokers

 

Comments suggest it is only for investment advisor accounts.

 

I would gladly pay Fidelity a custodial fee. Their fills are the same or better than IBKR who is charging me per share commissions. Plus Fidelity actually provides customer service.

 

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They still have some top performing mutual funds+ those annual reports are fun to read + informative/helpful. I like the way they used to US mail monthly statements.
Dont know if thier ETFs still have an extra charge or restrictions for selling under 30 days??

 

That's the only drawback at Fidelity where any ishares you buy are not marginable for 30 days, so the margin is locked up even with a portfolio margin acct. That's why I use Fidelity and Schwab, and a tiny acct at IBKR

 

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Some of that stuff seems a bit crazy.
FTEC had much lower volume than xlk/but FTEC beat it in %%\that kinf of stuff used to bug me a lot.Now i may just profit off it.........................................................................................

 

Fidelity has the 30 days non-margin rule for their Ishare ETFs? I thought only TDAmeritrade still has that going on.

 

Fido does a great job can’t argue there. Leaves a ton to be desired in the active space but they get the order done no doubt.