Schwab Moving Trade Commissions to ZERO
We are pleased to announce that on Tuesday, October 1, 2019, Charles Schwab will be eliminating trade commissions for stocks and ETF’s listed on U.S. or Canadian exchanges across all mobile and web trading channels. This change will take place starting on October 7, 2019. The move to zero commissions means lower costs, improved market access, and greater flexibility for all our valued clients with a Charles Schwab account.
While this change does not affect how LifePro manages client accounts, it is a material benefit to our investors with a Charles Schwab account. The move to zero trading commissions removes a key layer of investment management costs, that will allow our clients to capture a greater portion of their overall investment return after fees.
Going forward, the elimination of trade costs will not impact how we actively manage client portfolios. The lower trading costs will simply add to the overall value that an actively managed investment process can offer client portfolios. LifePro Asset Management remains focused on investing in companies that are positioned to experience a rate of long-term sales growth that is over and above the economic and sector growth rate, command operational excellence and offer clients an attractive growth adjusted valuation.
The information here is presented by licensed professionals and not specific to any individual’s personal circumstances. Investment advisory services offered through LifePro Asset Management, LLC, a registered investment adviser. Investments involve risk and are not guaranteed. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment or investment strategy will be profitable or equal any historical performance. Discussion of any specific stocks are based on objective, non-performance criteria and such discussion neither serves as a recommendation nor as the receipt of, or a substitute for, personalized advice. Due to various factors, including changing market conditions, such discussion of positions and/or recommendations may no longer be reflective of current position(s) and/or recommendation(s). Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from Advisor, or from any other investment professional. Forward-looking statements such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” are based on management’s views and assumptions at the time such statements were originally made and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. LifePro Asset Management does not undertake any obligation to correct or update any forward-looking statements on the LPAM Site.