Welcome!

News Feed Item

Schwab Launches Suite of Investment Tools and Education Programs for Retirement Plan Advisors

Schwab Retirement Business Services (RBS), a leading service provider for retirement plan advisors and independent recordkeepers, has launched a suite of support tools and programs to help advisors meet increased demand for their services in 401(k) and other workplace retirement plans.

The suite combines sophisticated investment management tools and advanced fiduciary and plan design training to help advisors increase productivity and build their skills in this highly regulated industry. Schwab is working with recognized industry leaders fi360 and The Retirement Advisor University (TRAU™), a collaboration with UCLA Anderson School of Management Executive Education, to offer these comprehensive solutions.

Investment Management Support with fi360 Toolkit

Schwab and fi360 have fully integrated a customized version of the fi360 Toolkit into Schwab’s online Retirement Center. The fi360 Toolkit is a powerful, web-based software solution that provides advisors the analytical, management and reporting features needed to manage and document a prudent investment process. Fully integrating the toolkit into the Schwab platform creates a new investment management resource for retirement advisors. Specifically, the integrated interface saves advisors time and enables them to:

  • Automatically update plan and portfolio data
  • Manage client records
  • Develop, document, and track client investments
  • Develop and test asset allocations
  • Generate proposals
  • Comply with 408(b)(2) fee disclosure regulations

In addition, advisors with plans on the Schwab Retirement Center platform are eligible for a discounted licensing fee to use the fi360 toolkit.

“fi360’s sophisticated toolkit is an integral part of our commitment to helping advisors meet a fiduciary standard of care and help their clients navigate the evolving retirement landscape,” said Debbie Pritchard, RBS vice president of business development and relationship management. “By streamlining investment selection, analysis, and reporting, advisors will be able to more efficiently provide their clients with a high level of service and transparency.”

“We are excited to be working with Schwab to support retirement plan advisors with the most sophisticated fiduciary education and plan management and client reporting tools available,” said fi360 CEO Blaine Aikin. “But it is ultimately the investors on the receiving end of highly-supported, prudent fiduciary management who are the greatest beneficiaries.”

Advanced Education and Industry Designations

Schwab is collaborating with fi360 and TRAU to increase access and reduce costs for advisors seeking to build on their retirement plan expertise through advanced industry education programs.

Accredited Investment Fiduciary®

Schwab offers direct, discounted access to the training necessary to earn the Accredited Investment Fiduciary (AIF®) Designation offered by fi360. The AIF designation not only broadens advisors’ professional knowledge, but also offers new business opportunities by allowing them to expand service offerings as a plan fiduciary. This designation demonstrates knowledge and competency in the area of fiduciary responsibility and communicates a commitment to standards of investment fiduciary excellence.

Certified 401(k) Professional—C(k)P™

Schwab also recommends select advisors to attend The Retirement Advisor University (TRAU) at UCLA Anderson School of Management Executive Education. TRAU offers the first retirement planning certification program for advisors associated with a nationally recognized institution of higher learning, the prestigious Certified 401(k) Professional designation. The designation distinguishes professionals with substantial practical retirement plan management experience who complete TRAU’s comprehensive, highly specialized retirement courses. Advisors recommended by Schwab are eligible to receive scholarships from TRAU.

Growing Demand for Advisor Knowledge and Expertise

“Regulatory requirements and heightened awareness around fiduciary responsibilities and reporting in retirement plans mean new growth opportunities for advisors,” explained Pritchard. “By integrating all of these tools and educational resources, we increase the value we deliver to advisors, better support independent recordkeepers and ultimately improve the services we provide collectively to our plan sponsor clients and their participants.”

Advisors interested in learning more should visit www.schwab.com/retirementadvisorsolutions.

About fi360

fi360 offers a comprehensive approach to investment fiduciary education, practice management and support that has established it as the go-to source for investment fiduciary insights. With substantiated practices as the foundation, fi360 offers world-class fiduciary Training/Education Tools and Resources that are essential for fiduciaries and those who provide services to fiduciaries to effectively and successfully manage their roles and responsibilities. fi360 assists those who rely on its fiduciary education programs, professional AIF® and AIFA® designations, Web-based analytical and reporting software and resources to achieve success. For more information about fi360, please visit www.fi360.com or Twitter: @fiduciary360.

About The Retirement Advisor University

TRAU™, The Retirement Advisor University, a collaboration with UCLA Anderson School of Management Executive Education, is the first retirement planning certification program associated with a nationally recognized institution of higher learning. Participating advisors and wholesalers can benefit by earning certification that has real meaning to plan sponsor clients, prospects, and the retirement industry as a whole. The Retirement Advisor University is a combination of onsite classes at the UCLA campus, virtual classroom courses, E-Learning and self study. By combining world class professors with retirement industry leaders, TRAU has created the most comprehensive retirement training program for financial advisors in America. Individuals attending TRAU™ are instructed by both world class UCLA Anderson faculty members, and some of the most accomplished financial advisors in the retirement plan industry. This approach combines the academic excellence and the practical applicability needed to produce a highly skilled and knowledgeable retirement plan advisor. Recognizing that access to a skilled retirement advisor is becoming increasingly critical to the average American, The Retirement Advisor University has been designed to empower financial advisors with the skill sets they need to assist their clients in retiring successfully.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 300 offices and 8.7 million active brokerage accounts, 1.5 million corporate retirement plan participants, 815,000 banking accounts, and $1.76 trillion in client assets as of May 31, 2012. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through its Advisor Services division. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides trust and custody services, banking and mortgage services and products. Investment products offered by Charles Schwab & Co., Inc. are not insured by the FDIC, are not deposits or obligations of Charles Schwab Bank, and are subject to investment risk, including the possible loss of principal invested. More information is available at www.schwab.com and www.aboutschwab.com. (0712-4518)

Charles Schwab Bank; Charles Schwab & Co., Inc.; Schwab Retirement Plan Services, Inc.; Schwab Retirement Plan Services Company; and Schwab Retirement Technologies® (Schwab RT) are separate but affiliated companies and wholly owned subsidiaries of The Charles Schwab Corporation. Brokerage products and services are offered by Charles Schwab & Co., Inc. Trust and custody products and services are offered by Charles Schwab Bank. Schwab Retirement Plan Services, Inc. and Schwab Retirement Plan Services Company provide recordkeeping services with respect to retirement plans. Schwab RT is engaged in developing and licensing proprietary retirement plan recordkeeping systems to independent third-party administrators.

TRAU and fi360 are not affiliated with The Charles Schwab Corporation or any of its subsidiaries.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
SYS-CON Events announced today that Fusic will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Fusic Co. provides mocks as virtual IoT devices. You can customize mocks, and get any amount of data at any time in your test. For more information, visit https://fusic.co.jp/english/.
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
With the rise of DevOps, containers are at the brink of becoming a pervasive technology in Enterprise IT to accelerate application delivery for the business. When it comes to adopting containers in the enterprise, security is the highest adoption barrier. Is your organization ready to address the security risks with containers for your DevOps environment? In his session at @DevOpsSummit at 21st Cloud Expo, Chris Van Tuin, Chief Technologist, NA West at Red Hat, will discuss: The top security r...
SYS-CON Events announced today that Enroute Lab will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enroute Lab is an industrial design, research and development company of unmanned robotic vehicle system. For more information, please visit http://elab.co.jp/.
IBM helps FinTechs and financial services companies build and monetize cognitive-enabled financial services apps quickly and at scale. Hosted on IBM Bluemix, IBM’s platform builds in customer insights, regulatory compliance analytics and security to help reduce development time and testing. In his session at 21st Cloud Expo, Lennart Frantzell, a Developer Advocate with IBM, will discuss how these tools simplify the time-consuming tasks of selection, mapping and data integration, allowing devel...
SYS-CON Events announced today that Mobile Create USA will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Mobile Create USA Inc. is an MVNO-based business model that uses portable communication devices and cellular-based infrastructure in the development, sales, operation and mobile communications systems incorporating GPS capabi...
SYS-CON Events announced today that Interface Corporation will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Interface Corporation is a company developing, manufacturing and marketing high quality and wide variety of industrial computers and interface modules such as PCIs and PCI express. For more information, visit http://www.i...
SYS-CON Events announced today that Keisoku Research Consultant Co. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Keisoku Research Consultant, Co. offers research and consulting in a wide range of civil engineering-related fields from information construction to preservation of cultural properties. For more information, vi...
There is huge complexity in implementing a successful digital business that requires efficient on-premise and cloud back-end infrastructure, IT and Internet of Things (IoT) data, analytics, Machine Learning, Artificial Intelligence (AI) and Digital Applications. In the data center alone, there are physical and virtual infrastructures, multiple operating systems, multiple applications and new and emerging business and technological paradigms such as cloud computing and XaaS. And then there are pe...
Today traditional IT approaches leverage well-architected compute/networking domains to control what applications can access what data, and how. DevOps includes rapid application development/deployment leveraging concepts like containerization, third-party sourced applications and databases. Such applications need access to production data for its test and iteration cycles. Data Security? That sounds like a roadblock to DevOps vs. protecting the crown jewels to those in IT.
SYS-CON Events announced today that SIGMA Corporation will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. uLaser flow inspection device from the Japanese top share to Global Standard! Then, make the best use of data to flip to next page. For more information, visit http://www.sigma-k.co.jp/en/.
SYS-CON Events announced today that B2Cloud will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. B2Cloud specializes in IoT devices for preventive and predictive maintenance in any kind of equipment retrieving data like Energy consumption, working time, temperature, humidity, pressure, etc.
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...