ExpertPlan Partners with Schwab to Reach RIAs

ExpertPlan and Charles Schwab Trust Company (CSTC) have teamed up to create a new trading platform under which Schwab will perform custody, trust, and clearing services for plans administered by ExpertPlan.
As a result of the new agreement, ExpertPlan will now offer Schwab advisers and affiliated partners the ability to trade through CSTC. In addition, ExpertPlan, which has traditionally worked with registered representatives, will now be able to form stronger alliances with fee-based advisers and registered investment advisers (RIAs), according to a press release. CSTC services many fee-based advisers and RIAs.

“Considering the vast national network of registered investment advisors (RIAs) conducting their business with CSTC, and their interest in partnering with an independent recordkeeper, it makes great business sense for ExpertPlan to offer the company as a custodial option,” said Tom Zgainer, ExpertPlan senior vice president of sales and business development, in the announcement.