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Investment Products and Services Launches

John Hancock continues reducing mutual fund fees; Rise Financial opens its doors for socially responsible investing; Firms partner on portfolio analytics system; and more.

By Javier Simon editors@plansponsor.com | July 13, 2017
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Charles Schwab Adds More Commission-Free ETFs

Charles Schwab has expanded its suite of commission-free exchange-traded funds (ETFs). The Schwab ETF OneSource lineup will now include 15 new investment vehicles. These additions allow Charles Schwab to offer 245 ETFs covering 69 Morningstar Categories with $0 online commissions, no enrollment requirements and no early redemption fees.

Additions to the program include a variety of Morningstar categories such as High Yield Bond, Energy Limited Partnership and Diversified Emerging Markets. Sixteen ETF providers participate in the Schwab ETF OneSource program including ALPS Advisors, Deutsche Asset Management, John Hancock Investments, and J.P. Morgan Asset Management.

“Schwab ETF OneSource continues to grow as investors and advisers allocate more of their portfolios to ETFs,” says Heather Fischer, vice president, ETF & Mutual Fund Platforms at Charles Schwab. “It’s extremely important to offer a broad selection of ETF categories and ETF providers, so that investors have the most choice when evaluating commission-free ETFs.”

NEXT:John Hancock Continues Reducing Mutual Fund Fees

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