Schwab Expands Institutional No Transaction Fee Fund Offering for Independent Advisors
03 Ottobre 2022 - 7:00PM
Business Wire
Schwab Advisor Services has expanded its institutional no
transaction fee (INTF) mutual fund offering for independent
registered investment advisors (RIAs). The expanded line-up
includes the addition of more than 800 institutional funds, without
a transaction fee, from 15 leading third-party asset managers.
The 15 asset managers are: Blackrock, Cohen & Steers,
Columbia, Delaware + Waddell & Reed, Diamond Hill, Franklin
Templeton, First Eagle, Guggenheim, Goldman Sachs, Invesco, Janus,
Legg Mason, Lord Abbett, Nuveen, and Principal.
“This offer increases independent advisors’ ability to
personalize their clients’ investment portfolios and to put more of
their clients’ initial investments to work,” said Jalina Kerr,
managing director, client experience, Schwab Advisor Services. “Our
goal is to deliver a customized investment experience for the
advisor and their end-client with a one-stop-selection of the
institutional funds advisors choose most frequently for client
portfolios.”
The newly available funds are in addition to the more than 130
no-transaction-fee, institutional share class funds from T. Rowe
Price already accessible to Schwab’s independent advisor clients,
that was announced in December.
The new line-up, which will also be available to advisors who
custody with TD Ameritrade Institutional, gives advisors no
transaction fee choices from a larger number of funds with lower
net expense ratios, and more funds with an Overall Morningstar
RatingTM of 4 or 51.
About Charles Schwab
At Charles Schwab we believe in the power of investing to help
individuals create a better tomorrow. We have a history of
challenging the status quo in our industry, innovating in ways that
benefit investors and the advisors and employers who serve them,
and championing our clients’ goals with passion and integrity.
More information is available at www.aboutschwab.com. Follow us
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Disclosures
Through its operating subsidiaries, The Charles Schwab
Corporation (NYSE: SCHW) provides a full range of securities
brokerage, banking, money management and financial advisory
services to individual investors and independent investment
advisors. Its broker-dealer subsidiary, Charles Schwab & Co.,
Inc. (member SIPC, www.sipc.org), and affiliates offer a complete
range of investment services and products including an extensive
selection of mutual funds; financial planning and investment
advice; retirement plan and equity compensation plan services;
compliance and trade monitoring solutions; referrals to independent
fee-based investment advisors; and custodial, operational and
trading support for independent, fee-based investment advisors
through Schwab Advisor Services. Its banking subsidiary, Charles
Schwab Bank (member FDIC and an Equal Housing Lender), provides
banking and lending services and products. More information is
available at www.schwab.com and www.aboutschwab.com.
TD Ameritrade Institutional, Division of TD Ameritrade, Inc.,
member FINRA/SIPC, a subsidiary of The Charles Schwab Corporation.
TD Ameritrade is a trademark jointly owned by TD Ameritrade IP
Company, Inc. and The Toronto-Dominion Bank.
Charles Schwab & Co. Inc. (“Schwab”) has entered into a
long-term strategic relationship with T. Rowe Price under which
Schwab receives compensation for promoting certain actively managed
T. Rowe Price funds to Schwab's retail clients and the clients of
registered investment advisors that custody assets at Schwab.
Charles Schwab & Co., Inc. (member SIPC) receives
remuneration from fund companies participating in the institutional
no transaction fee (INTF) platform for recordkeeping and
shareholder services, and other administrative services. Schwab
receives greater remuneration on institutional share classes that
participate in INTF than it would if the share class were made
available with a transaction fee.
Third party trademarks are the property of their respective
owners and used with permission. Third party firms and their
employees are not affiliated with or employees of Schwab
Schwab Advisor Services™ serves independent investment advisors
and includes the custody, trading, and support of Schwab.
Independent investment advisors are not owned by, affiliated
with, or supervised by Schwab. For informational purposes only.
©2022 Charles Schwab & Co., Inc. (“Schwab”) All rights
reserved. Member SIPC.
(1022-2BV9)
1 Source: Morningstar 6/30/22
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version on businesswire.com: https://www.businesswire.com/news/home/20221003005210/en/
Kristin Meza Charles Schwab 862.742.7482
Kristin.Meza@Schwab.com
Liz Shaw The Neibart Group (TNG) 732.757.2119
sas@neibartgroup.com
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