Products April 30, 2007

Schwab Retirement Advisor Platform Adds 16 Families

Charles Schwab has added 16 fund families to its Schwab Retirement Advisor Services platform, including BlackRock, JPMorgan Funds and LeggMason.
Reported by
According to a press release, Schwab Retirement Advisor Services enables TPAs to serve commission-based retirement advisors through the same integrated trading and services platform as their fee-based advisor and plan sponsor clients.
The 16 new fund families on the platform include:
  • BlackRock
  • Cohen & Steers
  • Diamond Hill
  • Hotchkis & Wiley
  • IXIS Advisors
  • JPMorgan Funds
  • Lazard Freres
  • LeggMason
  • Loomis Sayles
  • Mainstay Funds
  • Neuberger Berman
  • Pioneer
  • Principal Funds
  • ProFunds
  • SSGA
  • Transamerica IDEX
According to the Schwab, key features of the program include:
  • Support for both distribution models: commission-based and fee-based
  • Open-architecture investment platform
  • Position and transaction reports
  • Dedicated relationship management
As of March 31, 2007, Schwab Retirement Advisor Services had a total of 66 fund families and more than 1,800 investment options.

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