Fidelity to Impose Transaction Fees on ETFs from Non-Paying Sponsors Starting June
Starting June 1, Fidelity Investments will charge up to $100 per client buy order for ETFs offered by sponsors that do not pay the company a direct asset-based fee. The move highlights how custodians like Fidelity generate revenue and underscores their growing influence in the investment ecosystem.
Tickers: $FDS
Topics: ETF fees Fidelity Investments investment custody business