Products June 20, 2005

Schwab Offers Russell Asset Allocation Service to Advisors

June 20, 2005 (PLANSPONSOR.com) - Advisors who custody their assets with Schwab Institutional will now have access to a mutual fund asset allocation product from Russell Investment Group.
Reported by

A Russell news release said that access to Russell Asset Management Program (RAMP), a fee-based product, is being made available due to an agreement between the two companies.

According to the announcement, RAMP utilizes the same multi-manager investment approach Russell offers its institutional clients, packaged in portfolios that can be tailored for a client’s risk profile. The Model Strategies have the choice of three investment strategies – Model Strategies, Tax-Managed Model Strategies and Select Model Strategies – each including five portfolios of Frank Russell Investment Company mutual funds for different levels of risk tolerance.

The news release said that each investment strategy includes a selection of outside investment managers. RIAs can also create their own custom model portfolios. In addition, the Model Strategies provide operational support, automated rebalancing, quarterly reporting, fee processing and management reporting, according to the announcement.

“Advisors focusing on wealth management understand too well the sometimes conflicting challenges of managing business growth and dedicating time and resources to the one-on-one management of client portfolios,” said Greg Stark, managing director, Russell US Individual Investor Services, in the news release.

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