The introduction of mutual funds, revolutionized access to professionally managed portfolio investing.
1975 - Deregulation of the stock brokerage industry
Deregulation of the stock brokerage industry by the U.S. Congress opened the door to discount brokers and substantially lower transaction costs.
1975 – The End of Fixed Stock Commissions
The SEC mandates the deregulation of the brokerage industry, eliminating high fixed fees and allowing market competition to dictate commissions.
1976 – First Index Mutual Fund
Individual investors gain access to the mutual funds market; by eliminating sales commissions, costs of mutual funds decrease.
1980s - Online trading for individual investors
Online trading for individual investors crept into being as early-users of personal computers looked for ways to leverage the new technology.