| You might have missed this one, but it’s notable. Online investment management company Covestor said this week it is building portfolios of ETFs for free. Look out, smalltime financial advisors!
The wall of investment-management fees has been crumbling for some time. Wealthfront, another firm offering basic, pre-set ETF portfolios, last year said it would manage up to $1 million for 501(c) nonprofit organizations for free. Fees after the first million: 0.25%. The firm recently surpassed $1 billion in assets under management...............................................Full Article: Source
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