It looks like you're new here. If you want to get involved, click one of these buttons!
I read that page a little differently. Under FAQ there's this Q&A:
Also according to the Scottrade to Ameritrade transition hub - https://welcome.tdameritrade.com/ The fees for transaction fee mutual fund purchases will remain the same.
What this isn't saying is that they will honor Scottrade's standard commission schedule for funds.What are your plans for pricing or trade commissions?
As always, our goal is to deliver great value to all of our clients. Right now, that means no changes to low commission rates. Clients will continue to benefit from our $6.95 base commission rate for online equities. Any clients with negotiated commission rates will be honored at conversion.
Funds Price
No-Transaction-Fee Funds No commission
No-Load Transaction Fee Funds $49.99
Load Funds No commission†
I would be very careful about preferred funds. Preferreds live in the space between senior debt (traditional corporate bonds) and common stock. Traditional preferreds are $25 par value stocks, while there are some hybrid preferreds that are $1000 par value.Does anyone know of a good stable "preferred" stock fund, especially in the Vanguard family.?
At Scottrade on a transaction fee fund I pay $17 to purchase. If I sell within three months I am charged $66. So that is $83 in charges. If I understand it right at TD Ameritade I am charged $49.99 to purchase and that is it. No short term redemption fees on sales be it one month or six months or whatever.Junkster,
"As for the transaction fee funds at TD Ameritrade that would benefit me being a shorter term holder as TDAmeritade doesn’t additionally charge a fee for selling their transaction fee funds."
How is one able to take advantage of such? I thought one would need to pay another fee to sell the fund in question?
+1.I'd invest in ARTGX and exchange for ARTKX when it reopens.
© 2015 Mutual Fund Observer. All rights reserved.
© 2015 Mutual Fund Observer. All rights reserved. Powered by Vanilla