PTO

Charles Schwab is continuing its push into the ETF industry, recently introducing six new managed portfolios of ETFs available through a low cost fee-based portfolio advisory program. The managed accounts program will offer an efficient way for investors to immediately establish a well-diversified portfolio, each of which will be composed of up to 24 ETFs offering exposure to five broad asset classes. “Investors today are looking for more help managing the risk in their investments while striving for an appropriate level of return that helps them get the most out of their money,” said Ben Brigeman, Executive Vice President for Investor Services. “These portfolios provide highly sophisticated asset allocation and diversification – benefits that used to be available only to the few and at considerable cost – to a much wider segment of the public.” [click to continue…]

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