Schwab Draws Up Another Mutual Fund List
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Monday, May 10, 2010

Schwab Draws Up Another Mutual Fund List

Schwab officials have rolled out an advisor edition of their mutual fund list. The Mutual Fund Select List Advisor Edition came out on April 22, company executives said.

The inaugural list carries names of 154 mutual funds. A total of 3,400 no-load, no-transaction-fee mutual funds open to new investors were eligible.

Peter Crawford, senior vice president of Schwab & Co, told The MFWire that advisor movement from wirehouses to independence created the impetus for the advisor version of the list.

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