Charles Schwab is an ETF provider but a lot of investors trade ETFs through its online brokerage platform. The fund sponsor, which has a suite of 15 equity and fixed-income ETFs, reached the $10 billion mark in assets under management Feb. 8, according to a press release.
Earlier this month, Schwab made waves in the ETF industry after announcing the OneSource trading platform that allows Schwab clients to buy and sell 105 ETFs with zero online trade commissions. [Schwab Unveils Game-Changing Commission-Free ETF Platform]
For more information on ETFs and 401(k)s, visit our 401(k) category.
Max Chen contributed to this article.