Investment Management Newsflashes

Schwab Institutional Announces New Managed Account Solution for Advisors

Schwab Institutional, a provider of custodial, operational and trading support for independent fee-based investment advisors, announced a new bundled managed account offering, Managed Account Affiliates, that provides advisors with preferred access to portfolio management by U.S. Trust, a New York-based wealth management company with $104 billion in assets under management. Managed Account Affiliates features account minimums as low as $100,000 for most equity management. "We plan to enhance the value of this new platform over time by adding fixed-income strategies and tax-managed solutions," said John Morris, senior vice president at Schwab, in the press release.

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