E*TRADE from Morgan Stanley eliminates commissions for all online mutual funds

E*TRADE from Morgan Stanley has 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." 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. The commission-free Mutual Fund offering will be effective for all online mutual fund trades executed on or after December 12, 2022.