By Eli Sallman on February 10, 2017
Stock trades for only $6.95 per trade!!! Sounds like a fantastic deal!
What do The Trust Company clients pay?
If you have watched any TV commercials, you probably have seen online trading platforms advertising low commission rates in the range of $5-7 per trade. For some investors this can be a great deal; especially if you are a buy-and-hold investor. However, if you are an active trader or want to adjust your portfolio to current market conditions, these commission rates can add up quickly.
We believe that not charging commission puts us on the same side of the table as our clients. When we need to make trades in our client accounts it is in their best interest—not to increase our profits through generating commissions.
Some firms charge their clients commissions in addition to a base fee. We do not feel this is in your best interest. While we are not the best fit for those wanting to be active traders, we are a great fit for those who want a partner in managing their wealth.