<OT> re: Fidelity in general Angler, now 12 trades is the threshold. The $3 limit order charge still applies. from the site:
"" Fidelity Investments announces new pricing, technology enhancements and reward programs to serve retail customers
Plan broadens criteria by which customers qualify for lowest commission rate
Fidelity Investments recently announced a plan designed to create greater overall value for its retail brokerage customers. The three-part strategy - which involves changes to the existing brokerage commission schedules, technology upgrades and a new travel reward program - can help more customers qualify for lower online commission rates.
Commission Changes
Beginning July 17, 1998, Fidelity will implement new, simplified commission rates and will expand the criteria to allow customers to qualify for certain rates.
The new, simplified structure will enable more customers to qualify for Fidelity's low $14.95 online commission rate; prior to these changes, this rate was available only to customers who traded 36 or more times in a given year. Now, for customers who trade between 12 and 35 times annually, the online commission rate1 per trade will decrease from trades starting at $19.95 to trades starting at $14.95. Brokerage customers with $100,000 or more in mutual fund assets2 - including both Fidelity and non-Fidelity funds-will now also qualify for this low, online stock commission rate.
In addition to providing more ways for brokerage customers to take advantage of lower online commission rates, Fidelity is also modifying other commission schedules, including those of Standard Discount customers. These customers - who trade between one and 11 trades per year - will now pay commissions starting at $25 per online trade.3 Rates for representative-assisted trades will also increase for Standard Discount customers, while automated phone system rates will decrease slightly.
"One of the primary reasons for making these changes is to continue to meet the evolving needs of our customers," said Stephen Cone, president of customer marketing and development for Fidelity Investments Personal Investments and Brokerage Group. "By tailoring our pricing to correlate with each customer's relationship with us, we feel we'll be able to offer a higher level of personalized service and can cultivate even stronger relationships with our customers."
Travel Reward Program for Online Usage
To encourage brokerage customers to use Fidelity's Web site and automated phone system for more of their information needs, Fidelity is offering a travel reward program for the first time. Brokerage customers who use Fidelity's Web site or automated phone service by August 14, 1998, will receive a voucher valid for two round-trip airline tickets to London, Mexico or Hawaii when they purchase a seven-night stay at a participating hotel. ""http://personal81.fidelity.com/global/whatsnew/ |
