T. Rowe Price Expands 401(k)
Brokerage Services with Charles Schwab
in April 2017, Charles Schwab’s Personal Choice Retirement Account (PCRA) will
be available for T. Rowe Price’s recordkeeping clients and their participants
across all market segments. Charles Schwab’s platform is currently available to
T. Rowe Price’s small-market clients.
self-directed brokerage account allows plan participants to invest a portion of
their retirement plan savings in a wide range of investments beyond those that
are ‘core’ to the employer’s retirement plan.
believe Schwab’s brokerage platform meets the unique needs of our recordkeeping
clients across all market segments,” says Diana Awed, head of Product &
Marketing at T. Rowe Price Retirement Plan Services. “We look forward to
providing our clients with key product enhancements that are important to them,
such as direct access for a participant’s financial adviser, paperless account
opening, online fixed income trading, and the ability to trade through multiple
service is for T. Rowe Price Retirement Plan Services recordkeeping clients
only, and does not pertain to brokerage services provided by T. Rowe Price to
individual investor clients.
Price Retirement Plan Services has been a retirement solutions provider for
more than 30 years and currently serves nearly 1.9 million retirement plan
participants across more than 3,500 plans. Retirement-related assets
represent 69% of the firm’s total assets under management.
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