Schwab Expands Commission-free ETF Platform

Charles Schwab Corp said on Thursday it added 65 exchange-traded funds to its commission-free trading platform, including a handful of alternative funds, citing demand from customers who want to invest in ETFs without paying online trade commissions.

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Advisors Weigh In on CalPERS’ Decision

The California Public Employees Retirement System (CalPERS) announced a decision this week to shed its $4 billion allocation to hedge funds, saying the funds were too complex and too costly to scale to the size the pension needed them to be. Advisors who responded to a flash survey by WealthManagement.com said the decision had no bearing on how they would use hedge funds for their clients, mostly because so few use them in the first place.

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