“The latest expansion of Schwab ETF OneSource allows investors to buy and sell 211 ETFs covering 66 Morningstar Categories with $0 online commissions, no enrollment requirements and no early redemption fees – key differentiators for investors comparing Schwab ETF OneSource to other commission-free ETF offerings,” according to Schwab.
ETF assets custodied at Schwab surged to $246 billion in the first quarter, a 24% year-over-year increase. Earlier this year, Schwab entered the robo advisor fray with Schwab Intelligent Portfolios. Schwab Intelligent Portfolios is also the only automated advisory services that uses algorithms to provide sophisticated advice and automatically monitor and rebalance portfolios without charging any advisory fees, commissions or account services fees.
As of May 31, 2015, Schwab ETF OneSource has $45 billion in assets under management and year-to-date flows into ETFs in the program are $5.8 billion, representing 37% percent of the total ETF flows at Schwab.
New Additions to Schwab ETF OneSource
Chart Courtesy: Charles Schwab