Charles Schwab Investment Management, a subsidiary of San Francisco-based Charles Schwab, is leveraging its headquarters' low-cost investment brand in a new line of passively managed target-date funds.
The Schwab Target Index Funds series will be offered to 401(k) plans at eight basis points, making the funds the lowest cost target-date series available to plan sponsors, according to Charles Schwab Investment Management.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
