Schwab Retirement Plan Services, the 401(k) provider arm ofCharles Schwab for 1.3 million participants and more than $100billion in assets, is rolling out a new managed account capabilityfor RIAs to plan sponsors.
The program is premised off of Schwab’s existing managed accountoption, 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 thesame type of managed accounts to sponsor clientswith a minimum of $20 million in plan assets.
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