In February 2012, Charles Schwab (NYSE: SCHW) introduced its ETF OneSource platform, a collection of commission-free ETF offerings from Schwab and several other major issuers.
A year later, it is clear OneSource has been a success. Data have consistently supported the notion that expenses and fees are important parts of the decision-making process for advisors and investors when evaluating ETFs. Statistics also show cost-conscious advisors and investors continue embracing OneSource.
As of the end of January, OneSource was home to $24 billion in assets under management, a 66% year-over-year increase, the company said on call Friday. Inflows to OneSource by Schwab clients jumped 42% while flows to third party ETFs on the platform tripled. [Schwab Rolls Out OneSource Platform]
In February 2013, Schwab announced the ETF version of its mutual fund OneSource platform to provide commission-free trades on 105 ETFs from six firms, including State Street (NYSE: STT), Guggenheim, Invesco PowerShares, ETF Securities, U.S. Commodity Funds and Schwab’s own lineup of ETFs.