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Rating:RIABiz Ponders Promise of Delayed Schwab Platform  Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, October 09, 2013

RIABiz Ponders Promise of Delayed Schwab Platform

News summary by MFWire's editors

Pub says pressure builds in some corners for new platform, but others say the wait is justified. If Schwab ever gets its all-ETF 401(k) platform off the ground, this could disrupt the competitive landscape in the 401(k) space, according to RIABiz, which notes that Fidelity already seems to be pulling away.

RIABiz's Lisa Shidler writes that success with this program could be a "cornerstone" for the financial giant in this space. She also notes that Schwab is the only company willing to suffer through the technical and regulatory hurdles involved with offering ETFs via a 401(k) plan.

However, Schwab on Monday said it would push back the unveiling of the platform. MFWire's sister publication reported on the delay, quoting an executive who said the platform would be ready "in the next few months."  

Edited by: Tommy Fernandez


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