Dutch Join No-Commission World

The Dutch have a 400-year tradition of individual investing in markets. Now, they are getting ready to join two other countries–The U.K. and Australia–in banning advisers from getting commissions for the sale of mutual funds to those investors, The Wall Street Journal’s Jason Zweig notes. The financial services industry in the U.S. opposes the idea, but banks in Holland seem ready for it, and are predicting lower costs for clients.