Industry-leading selection of non-proprietary,
low-cost ETFs from eight top ETF providers
TD Ameritrade1 today announced a major expansion and upgrade of
its commission-free exchange-traded funds (ETF) trading program,
tripling the number of ETFs to 296 from 100, effective tomorrow.
The firm will offer the most commission-free ETFs in the industry
as well as the largest selection of non-proprietary,
commission-free ETFs.
Through the upgraded TD Ameritrade commission-free ETF program,
registered investment advisor (RIA) and individual investor clients
will have access to non-proprietary, low-cost ETFs from eight
leading providers:
- J.P. Morgan Asset Management
- State Street Global Advisors
TD Ameritrade will provide investors and advisors greater choice
and flexibility by allowing all of its clients to buy and sell
commission-free ETFs that cover 77 Morningstar categories; provide
increased sector and commodity coverage; and include extremely
low-cost ETFs in 15 core investment strategies from State Street
Global Advisors’ SPDR Business.
This expanded, commission-free ETF lineup, most of which are new
additions, are available starting tomorrow. For a complete ETF
list, please visit www.amtd.com/commission-free-ETF-program.
“Clients asked us for greater choice and a wider variety of
high-quality, commission-free ETFs. We’re delivering in a big way:
we’ve assembled the largest list of commission-free ETFs in the
business, while still retaining our open-architecture approach,
with no proprietary ETFs,” said Jim Dario, managing director of
product management for TD Ameritrade Institutional, which serves
more than 5,000 independent registered investment advisors (RIAs).
“The new platform will feature some of the biggest names in the ETF
industry, with ETFs selected to cover a range of investment
strategies and enable investors and advisors to create tailored,
diversified portfolios.”
ETFs have proven increasingly popular as more investors – from
self-directed individuals to independent RIAs – seek out passive,
low-cost, index-based investments to build diversified
portfolios.
TD Ameritrade led the industry with the first ETF Market Center
in 2004, and in 2010 followed up with the launch of commission-free
ETF trading. Over the past seven years, strong client demand and
market appreciation has driven rapid growth in the firm’s
commission-free ETF assets under management, resulting in a 31
percent compounded annual growth rate with assets growing nearly
seven times.2
“For more than a decade, we’ve worked to make it easier for
clients to execute their investment strategies using
non-proprietary ETFs. Now we’re tripling our ETF offerings to
deliver one of the most comprehensive selections of commission-free
ETFs in the industry,” said Marco De Freitas, head of retail
strategy, product and digital for TD Ameritrade. “This marks the
most significant enhancement of our program since 2010, when we
helped level the playing field for the everyday investor with
commission-free ETF trading.”
Industry-wide, the U.S. ETF market surged to $2.52 trillion
across 1,716 ETFs at the end of 2016, up more than threefold from
$608 billion and 620 ETFs since 2007, according to the Investment
Company Institute.3 ETFs have continued to attract assets, growing
by 21 percent this year to a record $3.09 trillion as of Aug. 31,
according to research firm ETFGI.4
To Learn MoreTo learn more about TD Ameritrade’s enhanced
commission-free ETF program, please visit
www.amtd.com/commission-free-ETF-program. Clients also enjoy access
to an ETF Knowledge Center, advanced trading platforms, powerful
tools, educational resources and the help of TD Ameritrade’s
trading specialists.
About TD Ameritrade Holding CorporationMillions of
investors and independent registered investment advisors (RIAs)
have turned to TD Ameritrade’s (Nasdaq: AMTD)
technology, people and education to help make
investing and trading easier to understand and do. Online or over
the phone. In a branch or with an independent RIA. First-timer or
sophisticated trader. Our clients want to take control, and we help
them decide how - bringing Wall Street to Main
Street for more than 40 years. TD Ameritrade has time and
again been recognized as a leader in investment services.
Please visit TD Ameritrade’s newsroom or www.amtd.com for
more information, or read our stories at Fresh Accounts.
About TD Ameritrade InstitutionalTD Ameritrade
Institutional is a leading provider of comprehensive brokerage and
custody services to more than 5,000 fee-based, independent
registered investment advisors and their clients. Our advanced
technology platform, coupled with personal support from our
dedicated service teams, allows investment advisors to run their
practices more efficiently and effectively while optimizing time
with clients. TD Ameritrade Institutional is a division of TD
Ameritrade, Inc., a brokerage subsidiary of TD Ameritrade Holding
Corporation.
Brokerage services provided by TD Ameritrade, Inc., member
FINRA (www.FINRA.org) / SIPC (www.SIPC.org).
Source: TD Ameritrade Holding Corporation
Important Information
Carefully consider the investment objectives, risks, charges
and expenses before investing. A prospectus, obtained by calling
800-669-3900, contains this and other important information about
an investment company. Read carefully before investing.
ETFs are subject to risk similar to those of their underlying
securities, including, but not limited to, market, investment,
sector, or industry risks, and those regarding short-selling and
margin account maintenance. Some ETFs may involve international
risk, currency risk, commodity risk, leverage risk, credit risk,
and interest rate risk. Performance may be affected by risks
associated with non-diversification, including investments in
specific countries or sectors. Additional risks may also include,
but are not limited to, investments in foreign securities,
especially emerging markets, real estate investment trusts (REITs),
fixed income, small-capitalization securities, and commodities.
Each individual investor should consider these risks carefully
before investing in a particular security or
strategy. Investment returns will fluctuate and are subject to
market volatility, so that an investor’s shares, when redeemed or
sold, may be worth more or less than their original cost. Unlike
mutual funds, shares of ETFs are not individually redeemable
directly with the ETF. Shares are bought and sold at market price,
which may be higher or lower than the net asset value (NAV).
Information provided by TD Ameritrade, including without
limitation that related to the ETF Market Center and
commission-free ETFs, is for general educational and informational
purposes only and should not be considered a recommendation or
investment advice.
ETFs purchased commission-free that are available on the TD
Ameritrade ETF Market Center are available generally without
commissions when placed online in a TD Ameritrade account. Other
fees may apply for trade orders placed through a broker or by
automated phone.
TD Ameritrade receives remuneration from certain ETFs
(exchange-traded funds) that participate in the commission-free ETF
program for shareholder, administrative and/or other services.
No Margin for 30 Days. Certain ETFs purchased commission free
that are available on the TD Ameritrade ETF Market Center will not
be immediately marginable at TD Ameritrade through the first 30
days from settlement. For the purposes of calculation the day of
settlement is considered Day 1.
Short-Term Trading Fee (Holding Period for 30 Days). ETFs
available commission-free that participate in the ETF Market Center
may be subject to a holding period that commences with any purchase
and extends through the following THIRTY (30) calendar days. An
account owner must hold all shares of an ETF position purchased for
a minimum of THIRTY (30) calendar days without selling to avoid a
short–term trading fee where applicable. There is no limit to the
number of purchases that can be effected in the holding period. Any
order to sell within THIRTY (30) calendar days of last purchase
(LIFO – Last In, First Out) will cause an account owner's account
to be assessed a short–term trading fee of $13.90, where
applicable. For the purposes of calculation, the day of purchase is
considered Day 0. Day 1 begins the day after the date of purchase.
The short–term trading fee may be applicable to each purchase of
each ETF where such ETF is sold during the holding period. The
short–term trading fee may be more than applicable standard
commissions on purchases and sells of ETFs that are not
commission-free.
Neither Morningstar Investment Management nor Morningstar, Inc.
is affiliated with TD Ameritrade and its affiliates. Morningstar,
the Morningstar logo, Morningstar.com, and Morningstar Tools are
either trademarks or service marks of Morningstar, Inc.
1 TD Ameritrade, Inc., member FINRA / SIPC, is a brokerage
subsidiary of TD Ameritrade Holding Corporation (Nasdaq: AMTD)2 TD
Ameritrade ETF assets under management December 2010 through
September 20173 Investment Company Institute, The 2017 Investment
Company Fact Book, http://www.icifactbook.org/4 ETFGI, “ETFGI
reports assets invested in ETFs and ETPs listed in the United
States have increased 21.2% in 2017”,
http://www.etfgi.com/news/detail/newsid/2380
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version on businesswire.com: http://www.businesswire.com/news/home/20171016005197/en/
TD Ameritrade Holding CorporationFor
Advisor Media:Joseph A. Giannone,
201-369-8705Joseph.giannone@tdameritrade.comorFor Consumer Media:Becky Niiya,
402-574-6652rebecca.niiya@tdameritrade.comorFor Investors:Jeff Goeser, 402-597-8464Director,
Investor RelationsJeffrey.goeser@tdameritrade.com
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