Schwab Introduces Bond ETFs

Charles Schwab has announced the launch of three bond ETFs, adding to a suite of eight equity Schwab ETFs.

The Schwab Bond ETFs provide single-investment exposure to three types of U.S. Treasuries – short-term, intermediate-term, and inflation-protected securities. The three new ETFs are the Schwab U.S. TIPS ETF (SCHP), Schwab Short-Term U.S. Treasury ETF (SCHO), and Schwab Intermediate-Term U.S. Treasury ETF (SCHR).   

According to the announcement, Schwab Bond ETFs may be appropriate for investors who seek to add exposure to core fixed-income holdings in a diversified portfolio and can be purchased in increments as small as one share per tradeThey are listed on NYSE Arca, and can also be traded on other exchanges.  

Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.

Commission-free online trading of Schwab ETFs is available to individual investors at Schwab, to the more than 6,000 independent investment adviser firms who use Schwab’s custodial services through Schwab Advisor Services, and through Schwab retirement accounts that permit trading of ETFs.

Bank of Hawaii Enhances Wealth Management Options for Clients

Bank of Hawaii’s Investment Services Group is now offering its clients an open architecture unified managed account (UMA) that can integrate multiple products.

A press release said Bank of Hawaii is unveiling this offering with the help of Smartleaf, Inc. and Prima Capital.  

Smartleaf, a provider of advanced overlay management solutions, will provide Bank of Hawaii with a portfolio management system that enables multiple investment vehicles (including individual securities, mutual funds, and ETFs) to be managed in one account while incorporating individual client preferences for taxes, risk tolerance, and liquidity.  

Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters.

Prima Capital, an independent provider of investment manager due diligence, will help support the manager selection process. Bank of Hawaii will have access to Prima’s proprietary research that provides analyst commentary, product profiles, and tools to evaluate and monitor investment managers.  

“These enhancements will provide investment clients with a full range of outside managed products, including mutual funds, third-party manager models, and exchange-traded funds (ETFs) to complement internally managed products,” said Stephen Rodgers, Bank of Hawaii’s chief investment officer, in the press release.  

More information is at http://www.boh.com.

«