The custodial firm announced today it too would eliminate the $4.95 commission on trades, including for RIAs, and reiterated that, unlike rivals, it does not sell trade order flow.
Advisor Alex Chalekian says he was “disgusted” by comments made by the billionaire investor and advisor during a fireside chat at the Tiburon CEO Summit this week.
"Money in Motion" will offer advisors the chance to track inflows and outflows, and set their own designed benchmarks for performance, according to the clearing and custody provider.