Schwab Expands Institutional No Transaction Fee Fund Offering for Independent Advisors

Schwab Advisor Services has expanded its institutional no transaction fee (INTF) mutual fund offering for independent registered investment advisors (RIAs). The expanded line-up includes the addition of more than 800 institutional funds, without a transaction fee, from 15 leading third-party asset managers.

The 15 asset managers are: Blackrock, Cohen & Steers, Columbia, Delaware + Waddell & Reed, Diamond Hill, Franklin Templeton, First Eagle, Guggenheim, Goldman Sachs, Invesco, Janus, Legg Mason, Lord Abbett, Nuveen, and Principal.

“This offer increases independent advisors’ ability to personalize their clients’ investment portfolios and to put more of their clients’ initial investments to work,” said Jalina Kerr, managing director, client experience, Schwab Advisor Services. “Our goal is to deliver a customized investment experience for the advisor and their end-client with a one-stop-selection of the institutional funds advisors choose most frequently for client portfolios.”

The newly available funds are in addition to the more than 130 no-transaction-fee, institutional share class funds from T. Rowe Price already accessible to Schwab’s independent advisor clients, that was announced in December.

The new line-up, which will also be available to advisors who custody with TD Ameritrade Institutional, gives advisors no transaction fee choices from a larger number of funds with lower net expense ratios, and more funds with an Overall Morningstar Rating^TM of 4 or 5¹.

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Disclosures

Through its operating subsidiaries, The Charles Schwab Corporation (NYSE: SCHW) provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; compliance and trade monitoring solutions; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at www.schwab.com and www.aboutschwab.com.

TD Ameritrade Institutional, Division of TD Ameritrade, Inc., member FINRA/SIPC, a subsidiary of The Charles Schwab Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank.

Charles Schwab & Co. Inc. (“Schwab”) has entered into a long-term strategic relationship with T. Rowe Price under which Schwab receives compensation for promoting certain actively managed T. Rowe Price funds to Schwab's retail clients and the clients of registered investment advisors that custody assets at Schwab.

Charles Schwab & Co., Inc. (member SIPC) receives remuneration from fund companies participating in the institutional no transaction fee (INTF) platform for recordkeeping and shareholder services, and other administrative services. Schwab receives greater remuneration on institutional share classes that participate in INTF than it would if the share class were made available with a transaction fee.

Third party trademarks are the property of their respective owners and used with permission. Third party firms and their employees are not affiliated with or employees of Schwab

Schwab Advisor Services™ serves independent investment advisors and includes the custody, trading, and support of Schwab.

Independent investment advisors are not owned by, affiliated with, or supervised by Schwab. For informational purposes only.

©2022 Charles Schwab & Co., Inc. (“Schwab”) All rights reserved. Member SIPC.

(1022-2BV9)

¹ Source: Morningstar 6/30/22

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