Schwab Advisor Services has added 800 institutional funds from 15 third-party asset managers as part of its no-transaction-fee mutual fund offering for registered investment advisers.
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.
The funds are in addition to the more than 130 no-transaction-fee, institutional share class funds from T. Rowe Price on the platform, which was announced in December.
The new line-up will also be available to advisers who custody with TD Ameritrade Institutional and gives advisers no-transaction-fee choices from a larger number of funds with lower net expense ratios, Schwab said in a release.
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