Charles Schwab says exchange-traded fund assets held by its individual investor and independent adviser clients have exceeded USD100bn.
Assets under management in Charles Schwab Investment Management Schwab ETFs now exceed USD2bn, and Schwab Managed Portfolios Exchange-Traded Funds, which debuted in January through Charles Schwab Investment Advisory, have garnered USD1.7bn to date.
"ETFs have skyrocketed in popularity, and the success of our ETF programme shows that Schwab is the destination for investors seeking ETFs," says Peter Crawford, senior vice president of Charles Schwab. "Whether they are long-term buy and hold investors who are looking for great value in terms of operating expenses, or more active investors whose focus is low-cost trades, we are the place for investors seeking ETFs."
