Fidelity plans to waive commissions on new RIA assets, cut tech fees

Pricing war erupts in market share battle with rival Schwab - Fidelity Investments, responding to The Charles Schwab Corp.'s June announcement of price reductions for independent advisers and their clients, is rolling out a competing program with a few extra twists.

As of Oct. 1, Fidelity will eliminate online commissions on equity and option trades for new accounts introduced by registered investment advisers and reimburse account transfer fees that clients pay to leave their former financial services providers...

Investment News: Fidelity plans to waive commissions on new RIA assets, cut tech fees
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