Can Robinhood survive zero-commission trades?
By Sean Allocca
“We’ve certainly seen the rise of customer-centric fintech companies push the industry in a more client-friendly direction, part of that is lower fees,” says Adam Grealish, director of investing at Betterment. The winners could be fintechs that best leverage technology to achieve lower operating costs — and pass those savings onto customers.
“It’s forced incumbents to follow suit,” Grealish says.Read the Original Article
This article originally published October 9th, 2019 on Financial Planning