E*TRADE from Morgan Stanley Eliminates Trading Commission for Mutual Funds on Platform

E*TRADE from Morgan Stanley, which provides financial services to retail customers, announced it will eliminate all trade commissions and early redemption fees for mutual fund online trades on its platform.

"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."

"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.