They only get fees if you use their wealth management services. You can open an ... | Hacker News

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		paxys 6 months ago \| parent \| context \| favorite \| on: Founder sentenced to seven years in prison for fra... They only get fees if you use their wealth management services. You can open an account and start trading stocks/ETFs for free, and they get nothing.

bix6 6 months ago [–]

Not true. They get payment for order flow, spread capture, cash sweep, securities lending, etc.

paxys 6 months ago | [–]

None of which has anything to do with their AUM

bix6 6 months ago | | [–]

Sure AUC what’s up with all the nitting sheesh!!!

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