Zoe Financial Adds Fractional Share Trading Services to Charles Schwab Accounts
1 report, 1 independent
Updated Mon 00:00
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What happened
Zoe Financial announced that fractional share trading is now available for accounts held at Charles Schwab. This service allows advisors to buy a portion of a stock rather than a full share. The availability follows Charles Schwab's decision to open fractional trading to a wider range of Registered Investment Adviser (RIA) partners.
Why it matters
The integration of fractional share trading allows advisors to implement portfolios to the dollar, rather than having to round to whole shares. This feature enables the inclusion of eligible high-priced stocks in smaller accounts, providing greater precision in portfolio implementation.
Who's involved
- Charles SchwabPlatform where Zoe Financial offers fractional share trading services to clients
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The entities involved
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Charles Schwab
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