An emerging trend, which has far reaching implications, has crashed the investment sphere: Proprietary branded ETFs from brokerage firms with zero online brokerage commissions.
Scottrade became the latest online broker to join this movement by launching 15 new ETFs called “Focus Morningstar ETFs.”
Online trading of the Focus Morningstar ETFs ETFs will be available commission-free to Scottrade brokerage customers and registered investment advisors using Scottrade Advisor Services as their custodian. Investors and advisors who are not Scottrade brokerage customers can purchase Focus Morningstar ETFs through their brokerage firms by paying applicable commissions.