No ACAT But Lots of News

Tue, 2017/07/25 - 12:45pm | Your editor
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Day 5 of the ACAT transfer dawned with no brokerage account yet. My stocks are still in transit between Fidelity and Schwab. But here is important news about my new brokerage: Schwab, known for lowering fees to compete with low-costs exchange-traded stock substitutes like iShares or Vanguard funds, has seen ETF assets under its custody platform reach $355 bn in June, up 29% year-over-year from an already high level.

The inflows were $9 bn into international equity ETFs and only $6.5 bn into US equity ETFs. So the California based brokerage does attract global investing fans.

 

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