OMAHA, Neb.--(BUSINESS WIRE)--TD Ameritrade1 is expanding its commission-free exchange-traded fund (ETF) trading program once again, increasing the number of offerings from more than 300 to 569 ETFs from 21 providers covering some 90 Morningstar categories.
The expansion, effective June 1, 2019, gives more than 7,000 registered investment advisors (RIAs) and TD Ameritrade’s 11 million individual investor client accounts access to one of the largest and most diverse selections of non-proprietary, commission-free ETFs in the industry.
ETFs from 12 new providers join TD Ameritrade’s expanded line up, which covers an additional 13 Morningstar categories and offers more choices for those already represented in TD Ameritrade’s commission-free ETF program.
Along with more municipals, commodities, index-tracking, countries, single currency, sector, asset allocation and low-cost core offerings, advisors and investors can access actively managed ETFs utilizing long-short smart beta and environmental social governance (ESG) strategies. RIAs and individual investors will be able to choose ETFs from the following providers:
|Aberdeen Standard Investments*||IndexIQ Advisors*||Principal*|
|DWS*||iShares ETFs||State Street Global Advisors|
|First Trust Portfolios||John Hancock Investments*||USAA|
|FlexShares *||J.P. Morgan Asset Management||USCF Investments*|
|Global X Management*||Nuveen*||VanEck*|
|Goldman Sachs Asset Management*||PIMCO*||WisdomTree|
*New providers as of June 1, 2019
“While we’re pleased to again offer our clients a greater selection of commission-free ETFs, we’re particularly excited about the broad range of strategies, sectors and asset classes available without a commission,” said Eileen Norton, director of investment solutions at TD Ameritrade Institutional2. “It doesn’t end here. We’ll continue to innovate and upgrade the ETF Market Center and commission-free program going forward as part of our constant efforts to improve the investing experience for our clients.”
TD Ameritrade broke new ground when it first launched the ETF Market Center in 2004, and in 2010 raised the bar again by offering commission-free ETF trading. TD Ameritrade’s ETF Market Center also offers RIAs and individual investors access to screeners, research tools, analysis and independent commentary.
“We’re committed to providing our clients access to a robust suite of commission-free products through the ETF Market Center,” said Keith Denerstein, director of investment products and guidance at TD Ameritrade. “With a wide range of commission-free ETFs to choose from and industry-leading research tools and analysis, we’re helping our clients build portfolios that meet their needs.”
Industry-wide, the U.S. ETF market surged to $3.4 trillion across 1,996 ETFs at the end of 2018, a more than tenfold increase from $237 billion across 157 ETFs in 2004, according to research firm ETFGI.3
To Learn More
To learn more about TD Ameritrade’s enhanced commission-free ETF program, please visit https://www.tdameritrade.com/investment-products/etfs.page. TD Ameritrade clients can also access the ETF Knowledge Center, advanced trading platforms, powerful tools, educational resources and the help of TD Ameritrade’s trading specialists. TD Ameritrade Institutional clients can contact their relationship manager for more information or call (800) 934-6124.
About TD Ameritrade Holding Corporation
TD Ameritrade provides investing services and education to more than 11 million client accounts totaling approximately $1.3 trillion in assets, and custodial services to more than 7,000 registered investment advisors. We are a leader in U.S. retail trading, executing an average of approximately 850,000 trades per day for our clients, more than a quarter of which come from mobile devices. We have a proud history of innovation, dating back to our start in 1975, and today our team of 10,000-strong is committed to carrying it forward. Together, we are leveraging the latest in cutting edge technologies and one-on-one client care to transform lives, and investing, for the better. Learn more by visiting TD Ameritrade’s newsroom at www.amtd.com, or read our stories at Fresh Accounts.
About TD Ameritrade Institutional
TD Ameritrade Institutional empowers more than 7,000 independent registered investment advisors to transform the lives of their clients. It provides powerful technology and resources that help simplify running a business and let advisors spend more time doing what matters most — serving their clients. Through meaningful innovation, steadfast advocacy and unwavering service, TD Ameritrade Institutional supports RIAs as they build businesses that positively impact their clients and communities. TD Ameritrade Institutional is a division of TD Ameritrade, Inc., member FINRA/SIPC, a brokerage subsidiary of TD Ameritrade Holding Corp.
1 TD Ameritrade, Inc., member FINRA / SIPC, is a brokerage
subsidiary of TD Ameritrade Holding Corporation (Nasdaq: AMTD)
2 TD Ameritrade Institutional is a division of TD Ameritrade, Inc., a brokerage subsidiary of TD Ameritrade Holding Corporation
3 ETFGI, “ETFGI reports ETFs and ETPs listed in the US gather net inflows of 51.4 billion US dollars during December 2018”, https://etfgi.com/news/press-releases/2019/01/etfgi-reports-etfs-and-etps-listed-us-gather-net-inflows-514-billion-us
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.
Source: TD Ameritrade Holding Corporation