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TD Ameritrade to offer largest commission-free ETF program

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TD Ameritrade has implemented a major expansion and upgrade of its commission-free exchange-traded funds (ETF) trading program, tripling the number of ETFs to 296 from 100.

The firm will offer the most commission-free ETFs in the industry as well as the largest selection of non-proprietary, commission-free ETFs.
 
Through the upgraded TD Ameritrade commission-free ETF program, registered investment advisor (RIA) and individual investor clients will have access to non-proprietary, low-cost ETFs from eight leading providers: AGFiQ QuantShares; First Trust Portfolios; iShares ETFs; JP Morgan Asset Management; PowerShares by Invesco; ProShares; State Street Global Advisors; and WisdomTree.
 
TD Ameritrade will provide investors and advisors greater choice and flexibility by allowing all of its clients to buy and sell commission-free ETFs that cover 77 Morningstar categories; provide increased sector and commodity coverage; and include extremely low-cost ETFs in 15 core investment strategies from State Street Global Advisors’ SPDR Business.
 
This expanded, commission-free ETF lineup, most of which are new additions, are available starting tomorrow. For a complete ETF list, please visit www.amtd.com/commission-free-ETF-program.
 
“Clients asked us for greater choice and a wider variety of high-quality, commission-free ETFs. We’re delivering in a big way: we’ve assembled the largest list of commission-free ETFs in the business, while still retaining our open-architecture approach, with no proprietary ETFs,” says Jim Dario, managing director of product management for TD Ameritrade Institutional, which serves more than 5,000 independent registered investment advisors (RIAs). “The new platform will feature some of the biggest names in the ETF industry, with ETFs selected to cover a range of investment strategies and enable investors and advisors to create tailored, diversified portfolios.”
 
ETFs have proven increasingly popular as more investors – from self-directed individuals to independent RIAs – seek out passive, low-cost, index-based investments to build diversified portfolios.
 
TD Ameritrade led the industry with the first ETF Market Center in 2004, and in 2010 followed up with the launch of commission-free ETF trading. Over the past seven years, strong client demand and market appreciation has driven rapid growth in the firm’s commission-free ETF assets under management, resulting in a 31 percent compounded annual growth rate with assets growing nearly seven times.
 
“For more than a decade, we’ve worked to make it easier for clients to execute their investment strategies using non-proprietary ETFs. Now we’re tripling our ETF offerings to deliver one of the most comprehensive selections of commission-free ETFs in the industry,” says Marco De Freitas, head of retail strategy, product and digital for TD Ameritrade. “This marks the most significant enhancement of our program since 2010, when we helped level the playing field for the everyday investor with commission-free ETF trading.”

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