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Home » Mutual Funds » Expert Tips on Mutual Funds » Schwab Lowering Fees

Schwab Lowering Fees


In a letter to clients Walter Bettinger II, CEO of Schwab, announced the lowering of expense ratios in the Schwab Equity Index Funds. Schwab is looking to damper Fidelity’s marketing pitch of having the lowest cost S&P 500 Index Fund. Vanguard and Fidelity have been competing for this honor for years.

The biggest benefit of Schwab’s announcement may not be the fee cuts (miniscule differences in fees among the big players), but the fund minimums. Investors can start with as little as $100 in the Schwab S&P 500 Fund.


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