Charles Schwab's Mutual Fund OneSource hit a milestone late last month when the assets of its mutual fund marketplace reached the $100 billion mark. Approximately $30 billion of new money was invested during 1999, translating into a 47 percent increase in assets for the year.

In 1992, Charles Schwab, founder of the firm that bears his name, pioneered the concept of the mutual fund shopping mall. During its first year of operation, Schwab's supermarket attracted more than $8 billion. By 1997, assets had grown more than four-fold, to $50 billion.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.