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Why ProShares yanked ETFs from Schwab's no-commission OneSource ETF exchange

The fund firm puts faith in the drawing power of its own brand -- and saves more than $2 million

Author By Lisa Shidler April 3, 2017 at 7:04 PM
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Scott Smith: Sophisticated investors will realize that saving $5 against 40 or 50 basis points for the total expenses for the year isn't a savings.


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Range Rovers screeched in and drivers joined a grim queue to get their cash, and cookie • The Schwab-TDA deal cull count now stands at roughly 3.5% of its staff • FMR's hockey star president has stepped down • SEC chief wants more enforcers • An Envestnet executive proves joining a rival is good business • LPL now has an in-house robot.

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Mentioned in this article:

Cerulli Associates
Consulting Firm
Top Executive: Kurt Cerulli

Morningstar, Inc.
TAMP
Top Executive: Joe Mansueto



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