MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, May 18, 2016 The Down-Low on Schwab's Break Up With A Shares Though Charles Schwab [profile] is dropping A shares for its own brokerage clients, the discount brokerage giant will not be entirely disconnected from that mutual fund share class.
A Schwab spokeswoman clarifies that its RIA allies will continue to be able to use load-waived A shares. And retirement plans often use load-waved A shares, too. (Schwab is a 401(k) recordkeeper.) "There is no change at all to the load-waived business we do with RIAs," the spokeswoman tells MFWire. "Advisors buy largely institutional shares or A-shares load-waived." Meanwhile, the change does not effect Schwab's own mutual funds. "CSIM [Charles Schwab Investment Management] has no commissionable share classes," the spokeswoman says. Schwab already doesn't have C shares available, either. Printed from: MFWire.com/story.asp?s=54043 Copyright 2016, InvestmentWires, Inc. All Rights Reserved |
