Schwab Retirement Plan Services, the 401(k) provider arm of Charles Schwab for 1.3 million participants and more than $100 billion in assets, is rolling out a new managed account capability for RIAs to plan sponsors.
The program is premised off of Schwab’s existing managed account option, which it developed in 2012 in partnership with Morningstar, and has since distributed through two RIA specialists to 401(k) plans.
Now, all plan specialists will have the ability to deliver the same type of managed accounts to sponsor clients with a minimum of $20 million in plan assets.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
