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Schwab Grows Institutional No Transaction Fee Fund Offering for Independent Advisors

1. Schwab expands no transaction fee mutual fund offerings to nearly 2,000 funds. 2. Assets under management (AUM) increased 22% YoY since the last expansion. 3. New funds feature lower expense ratios and more high-rated Morningstar options. 4. Enhanced capabilities cater to independent registered investment advisors (RIAs). 5. Strong adoption of the INTF platform signals advisor demand and client investment options.

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Why Bullish?

Proliferation of fund options fosters competitive edge, potentially increasing assets and revenues. Historical growth trends suggest similar expansions have positively influenced stock performance.

How important is it?

The article outlines a significant strategic expansion, likely appealing to RIAs and driving growth. The positive statistics and improved offerings present a strong growth narrative for investors.

Why Long Term?

The expansion is likely to enhance SCHW's market position in the long term. Increased AUM and advisor satisfaction can contribute to sustained revenue growth.

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WESTLAKE, Texas--(BUSINESS WIRE)--Schwab Advisor Services™ has increased its institutional no transaction fee (INTF) mutual fund capabilities for independent registered investment advisors (RIAs). The expanded line-up will nearly double its size to approximately 2,000 funds across 58 asset managers. Schwab’s INTF offering now includes AB, Akre, Alger, AMG, American Beacon, Artisan, Baron, Buffalo, Carillon, Cliffwater, Federated, Gabelli, Harding Loevner, Hartford, Jensen, John Hancock, Lazard, Manning & Napier, Matthews, Natixis/Loomis, NYLI, Oakmark, Parnassus, Performance Trust, PGIM, Royce, Segall Bryant, Thornburg, Victory, Virtus, Voya, Wasatch and William Blair. “This robust capability will provide independent advisors seamless access to the most trusted institutional funds, enhancing both advisor and client investment optionality,” said Jalina Kerr, Head of Advisor Experience for Schwab Advisor Services. “Since the last expansion, we’ve seen exceptional adoption – AUM up 22% YoY – a testament to the need this meets.” The newly available funds complement the 1,200+ funds from 25 asset managers already integrated into the platform. This expansion provides RIAs with more no-transaction-fee options across a broader range of funds featuring lower net expense ratios and a greater number of Morningstar™ 4- and 5-star ratings. To learn more about Schwab’s INTF capabilities, visit: https://advisorservices.schwab.com/institutional-no-transaction-fee About Charles Schwab At Charles Schwab we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients’ goals with passion and integrity. More information is available at www.aboutschwab.com. Follow us on Twitter, Facebook, YouTube and LinkedIn. Disclosures Charles Schwab & Co., Inc. (member SIPC) receives remuneration from fund companies participating in the institutional no transaction fee (INTF) platform for recordkeeping and shareholder services, and other administrative services. Schwab receives greater remuneration on institutional share classes that participate in INTF than institutional share classes that are available with a transaction fee. Institutional NTF funds may be available on the retail platform with a transaction fee. The above mentioned firms and their employees are not affiliated with or employees of Schwab unless otherwise noted. Mention should not be construed as a recommendation, endorsement of, or sponsorship by Schwab. The views expressed are those of the third party and are provided for information purposes only. Schwab Advisor Services™ provides custody, trading, and the support services of Charles Schwab & Co., Inc. ("Schwab"), member SIPC, to independent investment advisors and Charles Schwab Investment Management, Inc. ("CSIM"). Independent investment advisors are not owned by, affiliated with, or supervised by Schwab. ©2025 Charles Schwab & Co., Inc. (“Schwab”) All rights reserved. Member SIPC. 0725-EGRD

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