Schwab has once again expanded its platform of commission-free ETFs, adding 25 new funds to its ETF OneSource platform for a total of 539 funds. It has added 285 funds to the platform this year to date, more than doubling the number from a year ago.
Schwab now places ahead of Fidelity, which has 503 funds on its no-fee ETF platform, but behind TD Ameritrade, with 569 funds, and Vanguard, with nearly 1,800.
In announcing the expansion of its ETF OnSource platform, Kari Droller, vice president of third-party mutual fund and ETF platforms at Schwab, referred to the firm’s 2019 ETF Investor Study, which found that investors want a broad selection of ETF categories with no additional fees.
“Our priority with the Schwab ETF OneSource program has been to provide a broad lineup of commission-free ETFs that spans a variety of asset classes and index weightings to make it simple for investors and advisors to build highly diversified, commission-free ETF portfolios.”