With Robinhood pacing the new norm, Interactive Brokers outpaces Schwab in race to give RIAs free fractional-share trades

The Greenwich, Conn., discount broker -- with Robinhood promising to be next -- has already pulled the free-fractional lever for retail investors and plans to make the time interval for RIAs between promise and delivery -- i.e. vaporware -- far shorter than the Schwabitrade merging conglomerate.

Author Oisin Breen December 18, 2019 at 10:49 PM

2 Comments

Robinhood founders, Baiju Bhatt and Vladimir Tenev, are having their 'Little John' moment of zapping fees and having the saving trickle down to investors from big brokers.

Technology

Walt Bettinger

Interactive Brokers

Charles Schwab & Co.

Venture.co

Aaron Pollak

ACRONYM

December 19, 2019 — 6:29 PM

It's my understanding that Folio Institutional been offering fractional shares capability to RIAs and their clients FOR YEARS.

brooke

December 19, 2019 — 6:36 PM

Added that to the article but they're not free, right?

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Interactive Brokers
RIA-Friendly Broker-Dealer
Top Executive: Thomas Peterffy