Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Portfolio > Asset Managers

Schwab Expands No-Transaction-Fee Fund Offerings for RIAs

Dinah Wisenberg Brin By Dinah Wisenberg Brin

X
Your article was successfully shared with the contacts you provided.

Schwab Advisor Services has broadened its institutional no-transaction-fee (INTF) mutual fund offering for independent RIAs, adding more than 800 institutional funds from 15 leading third-party asset managers.

The funds come from 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, in a statement Monday.

“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,” she said.

Schwab added the funds to more than 130 no-transaction-fee, institutional share class funds from T. Rowe Price already available to the company’s independent advisor clients. The new offerings also will be available to advisors who keep client assets in custody with TD Ameritrade Institutional.

The offerings give advisors no-transaction-fee choices from a larger number of funds with lower net expense ratios, and to more funds with overall Morningstar ratings of 4 or 5, Schwab said.

Dinah Wisenberg Brin

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.