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Interactive Brokers is slashing administration charges on some portfolios which might be included in its robo-advisor.
In contrast to different digital recommendation choices, Interactive Advisors (the identify of Interactive Brokers‘ robo) doesn’t cost prospects a flat charge. As an alternative, the agency presents buyers 75 portfolios to select from and every portfolio prices a unique charge, with some as little as 0.08%, or eight foundation factors. Interactive Advisors is now capping administration charges on its 22 actively managed portfolios at 0.75%, down from 1.5%.
Executives…
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