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Schwab Raises Fees for Buying Fidelity and Vanguard Funds

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After years of fee wars with other brokers, Charles Schwab is pushing back. Starting on Nov. 1, the cost for retail investors to buy Vanguard, Fidelity, and Dodge & Cox funds at the broker will rise from $49.95 to $74.95—a 50% increase. Similarly, at TD Ameritrade, which Schwab acquired in October 2020, prices for the same fund families will rise from $49.99 to $74.95 on Oct. 1.

Schwab’s stated reason for this shift is covering its record-keeping and other administrative costs. “The majority of mutual fund families pay Schwab/TD…


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