Schwab Rolls Out Investment Tools, Training in Plan Design

A support tool and program suite for advisers from Schwab Retirement Business Service combines investment management tools, and fiduciary and plan design training.

Schwab Retirement Business Service tapped fi360 and The Retirement Advisor University for its product suite, and the collaboration of  UCLA Anderson School of Management Executive Education.  It includes a customized version of the fi360 Toolkit.

“fi360’s sophisticated toolkit is an integral part of our commitment to helping advisers meet a fiduciary standard of care and help their clients navigate the evolving retirement landscape,” said Debbie Pritchard, Schwab Retirement Business Services’ vice president of business development and relationship management. “By streamlining investment selection, analysis and reporting, advisers will be able to more efficiently provide their clients with a high level of service and transparency.”

Using the tools, advisers can automatically update plan and portfolio data; manage client records; develop, document, and track client investments; develop and test asset allocations; generate proposals; and comply with 408(b)(2) fee disclosure regulations.

Advisers with plans on the Schwab Retirement Center platform are eligible for a discounted licensing fee to use the fi360 toolkit.

To learn more, click here.