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How Fidelity is locking arms with BlackRock and appealing to RIAs to fend off a Schwab ETF threat

The Boston and New York giants are seeking a big win by offering greater value through greater liquidity on the distribition side -- while quietly partnering on ETF-making in the fund factory

Thursday, March 14, 2013 – 5:07 AM by Lisa Shidler
Admin:
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Mike Durbin: We feel that the story about ETF investing goes beyond the simple costs and is like an onion, and there are several layers.

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John

John

March 14, 2013 — 9:23 PM

The article failed to mention that Fidelity also removed 10 of the original 30 iShares ETF’s from the no commission list including some of the most liquid such as IWM, EFA and EEM. They have pulled the rug out from under those clients who will now be charged commissions on those ETF’s after the end of April.

Lisa Shidler

Lisa Shidler

March 14, 2013 — 9:39 PM

Hey John, Great points. I’m actually working on that very issue about those 10 iShares that were removed. I wanted to get Fidelity’s response to include in the piece. We’ll be posting about that very issue soon.

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