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- E*Trade from Morgan Stanley waives trading commissions and early redemption fees for all online mutual fund transactions on or after December 12.
- Mutual funds are now part of E*TRADE’s $0 online commission for US-listed stocks, ETFs and options trading.
new york –
E*TRADE from Morgan Stanley announced today that it will eliminate all trading commissions and fees for mutual fund online trading on its platform.
The announcement adds to the offerings and advancements made during E*TRADE’s integration into the Morgan Stanley wealth management ecosystem. Recent updates include Morgan Stanley’s global research, quarterly mutual fund opinion available to all clients at no cost, greater access to initial public offerings, and e*TRADE robo-advisory updates to Core Portfolios’ intellectual capital and Morgan Stanley’s global market analysis. Investment office.
“The ability to add mutual funds to E*TRADE’s no-commission offering is further proof that joining Morgan Stanley is a great benefit for our clients,” said Chad Turner, head of Morgan. Stanley Wealth Management’s digital direct channel. “E*Trade has a long history of being an innovator in the industry and we are proud to be able to further this narrative as part of Morgan Stanley.”
E*TRADE from Morgan Stanley offers over 6,500 commission-free mutual funds. Clients can use the Fund Screener to find funds that match their goals and investment strategies.
“We are constantly looking to develop innovative investment solutions that add value to ourselves and the industry as a whole,” said Ben Hunek, head of investment solutions at Morgan Stanley Wealth Management. “With E*TRADE now part of the Morgan Stanley wealth management ecosystem, the sum is greater than its parts, enabling us to provide best-of-breed solutions that meet the needs of the E*TRADE client base.”
The commission-free mutual fund offer will be effective for online mutual fund transactions on or after December 12, 2022.
- Basic mutual fund fees and expenses apply as described in each fund’s prospectus. E*TRADE receives revenue sharing and management service fees from most funds and/or their affiliates. Investors are subject to other fees charged by E*TRADE. For more information, please review our Customer Relationship Summary at https://content.etrade.com/etrade/estation/pdf/relationshipsummary.pdf.
About Morgan Stanley Wealth Management
Morgan Stanley Wealth Management, a global leader provides individuals, businesses and institutions with a broad range of products and services including brokerage and investment advisory services, financial and wealth planning, money management and credit products and services, annuities and insurance. Pension and trust services.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm that provides a broad range of investment banking, securities, wealth management and investment management services. With offices in 41 countries, the company’s employees serve clients worldwide, including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.
Not all products and services are available in all regions or countries.
E*TRADE charges $0 commission to trade US-listed stocks, mutual funds, ETFs and options online. Exclusions may apply and E*TRADE reserves the right to charge variable commission rates. Standard options contract fees are $0.65 per contract (or $0.50 per contract for clients who trade at least 30 stocks, ETFs, and options each quarter). Retail Online’s $0 commission does not apply to over-the-counter (OTC), foreign stock transactions, large block transactions requiring special handling, futures or fixed income investments. Basic mutual fund/ETF expenses apply. Service fees apply to transactions through a broker ($25). Stock plan account transactions are subject to a separate commission schedule. Additional regulatory and currency exchange fees may apply. All fees and expenses as stated in the prospectus will still apply. For more information on pricing, visit etrade.com/pricing.
E*TRADE provides financial services to retail clients from Morgan Stanley. Securities products and services offered by E*TRADE Securities LLC, Member SIPC. E*TRADE Capital Management, LLC, a registered investment advisor, provides investment advisory services including core portfolios. Product futures and options on futures products and services offered by E*TRADE Futures LLC, Member NFA. Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC. All are separate but related subsidiaries of Morgan Stanley. More information is available at www.etrade.com.
The information provided here is for general information purposes only and should not be considered investment advice. Past performance does not guarantee future results.
E*TRADE from Morgan Stanley, E*TRADE and the E*TRADE logo are trademarks or registered trademarks of E*TRADE from Morgan Stanley. ETFC-G
ETFC
© 2022 Morgan Stanley Smith Barney LLC. Member SIPC.
Media Contact: Daniel Fay, [email protected]
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