No. of Recommendations: 1

If I'm remembering right (from when I had an account with them in early '00s) Schwab's commish for bonds was $20. So, back then, they clearly weren't competitive on bonds, just as they weren't on stocks, either, despite the fact that it was Chuck who broke the stranglehold on commissions and who launched the discount-broker revolution. Schwab was "first out the gate", but they quickly lost a lead to others they are now trying to regain.

In fact, I know from my industry contacts that Schwab has been trying to get serious about offering fixed-income to its customers for several years now and, occasionally, I'll stop by their website to see if anything has changed. But until I see that they have (1) a better search engine than anyone else and (2) a greater breadth of inventory, I'm not going to move money to them.

What anyone else does about with whom they set up and/or maintain an brokerage account is for them to decide.

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