Schwab Advisor Services has expanded its lineup of "institutional no transaction fee" mutual funds for independent registered investment advisors, nearly doubling the offering to about 2,000 funds at 58 asset managers.
Schwab said Tuesday its INTF offering now includes AB, Akre, Alger, AMG, American Beacon, Artisan, Baron, Buffalo, Carillon, Cliffwater, Federated, Gabelli, Harding Loevner, Hartford, Jensen, John Hancock, Lazard, Manning & Napier, Matthews, Natixis/Loomis, NYLI, Oakmark, Parnassus, Performance Trust, PGIM, Royce, Segall Bryant, Thornburg, Victory, Virtus, Voya, Wasatch and William Blair.
“This robust capability will provide independent advisors seamless access to the most trusted institutional funds, enhancing both advisor and client investment optionality,” said Jalina Kerr, advisor experience head for Schwab Advisor Services. “Since the last expansion, we’ve seen exceptional adoption — AUM up 22% YoY — a testament to the need this meets.”
The added offerings complement over 1,200 funds from 25 asset managers already on the platform, Schwab said.
Credit: Diego M. Radzinschi/ALM
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