After Fidelity grabs huge slice of NTF market, Charles Schwab & Co. undercuts OneSource by creating a second NTF program where zero commissions apply to 930 mutual funds for half price

Charles Schwab & Co. finally blinked on its last, best cash cow by creating a second “OneSource” where prices for investors are much lower than the original. “[No] firm likes losing revenue … Schwab is just conceding to the desires of its clients … and wants to remain competitive with Fidelity and others,” says Craig Kilgallen, relationship manager for Needham, Mass., consultancy FUSE Research.

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Article published on November 7, 2022