In an encouraging "Long Term Greedy" move I respect in companies, Charles Schwab has reduced it's expense ratios across several of it's funds, bringing the majority of it's equity index funds in line with the costs of previously cheaper ETFs. This should have the effect of allowing them to capture substanial index assets and make themselves competitive with Vanguard for younger customers.
As Schwab Institutional is our preferred custodian, the higher expenses of Schwab index funds had always irked me. It's nice to have improvement on that front and it makes me considerably more interested in using Schwab's funds as long term investments for clients of all sizes.
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