Products July 25, 2006

Schwab Adds 12 Fund Families For Commission-based Retirement Advisors

July 25, 2006 (PLANSPONSOR.com) - Charles Schwab tacked on 12 more fund families to allow third party administrators to better serve commission-based retirement advisors, which brings the number of fund families they offer to 43.
Reported by

According to a release, the number of fund families available through Schwab Retirement Advisor Services has more than doubled since March 2005, when the funds were first offered.  

Twelve new fund families on the platform include:

  • ABN  AMRO Funds
  • Calamos Investments
  • Dunham Funds
  • Heartland Funds
  • Ivy Funds
  • Jensen Investments
  • John Hancock Funds
  • Merrill Lynch
  • MetLife
  • TCW Galileo Funds, Inc.
  • Victory Portfolios
  • William Blair Funds

Schwab’s retirement advisor arm allows TPAs to serve commission-based retirement advisors through the same trading and services platform as their fee-based advisor and plan sponsor clients.

According to the release, some of the features of the product include support for commission-based and fee-based distribution models, an open-architecture investment platform, position and transaction reports, and dedicated relationship management.

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