Financial advisors can now purchase T. Rowe Price Advisor Class shares for their clients at no transaction fee on the Schwab Mutual Fund OneSource platform.
This brings a selection of 41 T. Rowe Price funds with NTF to the platform -- and now all of the major NTF platforms now carry T. Rowe Price funds.
“While we have been ramping up our efforts to expand access to our funds for advisors over the past several years, this agreement with Schwab is nearly 20 years in the making,” said Scott David, director of third-party distribution at T. Rowe Price. “We have been offering advisors no-load mutual funds for decades, and Schwab has been a great partner over the years to help us expand access to our funds, now without transaction fees.”
-- This article first appeared on Money Management Executive.