Money Management Executive

Schwab Provides Advice to 100 401(k) Plans

Published August 23, 2004, 1:00 a.m. EDT

1 Min Read

Processing Content

Charles Schwab & Co. Inc. and financial advice provider GuidedChoice announced Thursday that they are providing customized advice to participants in more than 100 plans administered by Schwab Retirement Plan Services Inc.

Schwab and GuidedChoice announced their collaboration last fall. The Schwab retirement plan unit makes this advice available to 401(k) participants at no additional cost.

Large-scale implementation began in January, Schwab said, and by the end of July, more than 100 plans were up and running with another 80 in the implementation process.

Participants in plans for which Schwab provides services can get access to advice online, by phone, or in person. The advice includes specific recommendations for savings rates and allocations among the participants' core investment fund choices. Participants can also get automatic account rebalancing.

GuidedChoice, with offices in San Jose and La Jolla, Calif., is an independent service company supplying investment advice and managed account services to retirement plan participants.

null

For reprint and licensing requests for this article, click here.

Money Management Executive

MORE FROM FINANCIAL PLANNING

Industry News

Hedged in by tech barriers, firm founders leave Wells Fargo to start RIA

Gryphon Wealth will keep Wells Fargo Clearing Services as its custodian in a deal that brings in tech support from TradePMR, a firm acquired by Robinhood in 2024.

By Dan Shaw
Reporter

6h ago
Retirement

401(k) convos give advisors inroads with next-gen clients

If wealth management clients have children who are recent college graduates, pointing them in the right direction on their first 401(k)s helps build strong connections with two generations.

By Zoe Sagalow
Reporter

8h ago
Professional development

FP's May continuing education quiz now available to advisors

Subscribers to Financial Planning can earn one continuing education credit toward recertification by successfully completing the 10-question quiz.

By Editorial Staff

10h ago
Tax

Avoid these pitfalls with generation-skipping and dynasty trusts

Even if they must refer wealth families to a tax professional for a generation-skipping or dynasty trust, financial advisors can play a valuable role.

By Tobias Salinger
Chief Correspondent

May 26
Wealth management

'All of wealth management is going on sale': Steward Partners CEO on M&A boom

Jim Gold of Steward Partners thinks impending advisor retirements will continue driving smaller RIAs into M&A deals with big acquirers — even as AI turns many investors into "do-it-yourselfers."

By Dan Shaw
Reporter

May 26
Know Your Niche

The $500M RIA that took off by microtargeting clients

Justin Brownlee started an RIA targeting energy, oil and gas employees. His hyperspecific marketing tactics have helped grow the firm into a thriving niche.

By Brian Wallheimer
Editor-in-chief

May 22

Load More