- Pre-Authorized Cash Contribution (PACC) plan to make regular monthly, quarterly or annual purchases of new shares
- Dividend Reinvestment (DRIP) from existing holdings into new shares
- Systematic Withdrawal Plan (SWP) to make regular withdrawals/sales of existing shares to generate cash
The article says Barclays, creator of the more popular market dominating iShares, is considering doing something similar. Yes, Please! That would really help force the mutual fund industry to lower its fees.
Questrade and Qtrade also lose a competitive differentiator. Their DRIP service would become un-necessary if iShares follows suit.