E*TRADE from Morgan Stanley will eliminate trade commissions and early redemption fees for all online mutual fund trades made on or after December 12
NEW YORK–(BUSINESS WIRE)–E*TRADE from Morgan Stanley today announced it will eliminate all trade commissions and early redemption fees for mutual fund online trades on its platform.
The announcement adds to the offerings and advances made amid E*TRADE’s integration into the Morgan Stanley Wealth Management ecosystem. Recent updates include access to Morgan Stanley global research including quarterly mutual fund commentary for all clients at no cost, greater access to initial public offerings, and improvements to E*TRADE’s robo advice offering Core Portfolios leveraging the intellectual capital and market analysis of Morgan Stanley’s Global Investment Office.
“The ability to add mutual funds to the list of E*TRADE’s no commission offerings is another proof point that joining Morgan Stanley has provided substantial benefits to clients as we aim to offer the best investing experience possible,” said Chad Turner, Head of Morgan Stanley Wealth Management’s Digital Direct Channel. “E*TRADE has a long history of being an innovator in the industry and we are proud to be able to advance this narrative even further as part of Morgan Stanley.”
E*TRADE from Morgan Stanley offers over 6,500 commission-free mutual funds. Clients can use the Fund Screener to find funds that match their goals and investment strategies.
“We continuously look to develop innovative investment solutions that further raise the bar for ourselves and the industry at large,” said Ben Huneke, Head of Investment Solutions for Morgan Stanley Wealth Management. “With E*TRADE now part of the Morgan Stanley Wealth Management ecosystem, the sum is truly greater than the parts, wherein we can deliver best-of-breed solutions that meet the needs of the E*TRADE client base.”
The commission-free Mutual Fund offering will be effective for all online mutual fund trades executed on or after December 12, 2022. Other fees may apply. All E*TRADE account holders are eligible.
 Underlying mutual fund fees and expenses apply as described in each fund prospectus. E*TRADE receives revenue sharing and administrative service fees from most funds and/or their affiliates. Investors are subject to other fees charged by E*TRADE. For more information, please review our Client Relationship Summary at https://content.etrade.com/etrade/estation/pdf/relationshipsummary.pdf.
About Morgan Stanley Wealth Management
Morgan Stanley Wealth Management, a global leader, provides access to a wide range of products and services to individuals, businesses and institutions, including brokerage and investment advisory services, financial and wealth planning, cash management and lending products and services, annuities and insurance, retirement and trust services.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 41 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com.