Schwab Unit Starts Platform For Managed Account FAs
August 22, 2005
A subsidiary of Charles Schwab has introduced a managed account platform for independent advisers. Schwab Institutional, which supplies custodial, operational, and trading support to independent advisers, is now offering a bundled Managed Account Access product, aimed at giving advisers access to industry-leading institutional money managers at low minimums and with streamlined account administration. Managed Account Access lets advisers tap popular managers without having to negotiate separate contracts, fees or minimum account sizes.
(c) 2005 Money Management Executive and SourceMedia, Inc. All Rights Reserved.