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UK stockbroker AJ Bell takes on fintech rivals with commission-free investing app
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cnbc.comLONDON — Wall Street's race to the bottom in stock brokerage fees is coming to the U.K.
British online stockbroker AJ Bell said Monday it plans to launch a new app which offers commission-free investments in the first half of 2022.
The move will see AJ Bell compete with a wave of fintechs offering similar services, including Revolut, Freetrade and eToro. It could also pile pressure on rival firms Hargreaves Lansdown and Interactive Investor to follow suit.
AJ Bell's app, called Dodl, will let users buy and sell a range of popular U.K.-listed stocks. U.S. shares won't be available initially, but the firm said it plans to add them soon after the app rolls out.
The company will also offer multi-asset funds with six different risk levels, as
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