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Rating:Russell Inks Managed Account Deal Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, June 20, 2005

Russell Inks Managed Account Deal

Reported by Theresa Sim

Schwab Institutional will now offer Russell Investment Group's managed account products to registered investment advisors custodying assets with Schwab.

Russell's Asset Management Program (RAMP) allows advisors to either create their own managed accounts from Russell's mutual funds or select from one of three style strategies that each have five risk profiles. The strategies are Model Strategies, Tax-Managed Model Strategies and Select Model Strategies. Risk profiles begin with conservative (a 20 percent equity mix) to moderate (40 percent equities), balanced (60 percent equities), aggressive (80 percent equities) and equity aggressive (100 percent equities), said spokeswoman Jennifer Tice.

"By working together, Russell and Schwab are delivering a quality, end-to-end investment product - including a comprehensive brokerage platform; business planning and development support; and manager research and selection complemented by a full range of asset allocation and portfolio management tools," stated Greg Stark, managing director, Russell U.S. Individual Investor Services.

Russell typically offers the managed account to investors with between $100,000 to $1 million in assets, although Schwab is free to offer the product to advisors and investors with any amount, said Tice.

Advisors receive operational support, automated rebalancing, quarterly reports, fee processing and management reporting with the RAMPs.  

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