![]() The broker’s robot is called Go and costs 0.35%, the most expensive program in our survey. The higher minimum includes a one-on-one partnership with a financial advisor.įinally it’s time to look at Fidelity. TD Ameritrade’s human advisors cost between 60 and 90 basis points with either a $250,000 minimum or a $25,000 option. The percentage goes down with larger balances, reaching just 20 basis points at $1,000,000. Traditional management at Schwab starts at 0.90% with a balance of $25,000. ![]() Both of these issues are problematic, so it may be best to try its other account management services. It also receives income from the ETF’s the software trades. How in the world does Schwab manage to offer it for free? According to our research, the brokerage firm makes money off of free cash balances. The broker’s robo-advisory service is called Intelligent Portfolios,Īnd there is no charge for using it. All three of these big players offer portfolio management services for customers who would rather let the professionals do the groundwork. ![]()
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