Schwab Advisor Services announced on July 8, 2025, a significant expansion of its institutional no transaction fee (INTF) mutual fund capabilities for independent Registered Investment Advisors (RIAs). The expanded lineup will nearly double in size to approximately 2,000 funds across 58 asset managers.
This enhancement provides independent advisors with seamless access to a broader range of institutional funds, featuring lower net expense ratios and a greater number of Morningstar 4- and 5-star ratings. Since the last expansion, assets under management (AUM) in this offering have increased 22% year-over-year.
Jalina Kerr, Head of Advisor Experience for Schwab Advisor Services, stated that this robust capability will enhance both advisor and client investment optionality, underscoring the company's commitment to supporting independent advisors.
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