Charles Schwab & Co. will be raising its fees for mutual funds on both OneSource and the load fee platforms. The current cost to funds from the no-load platform is 35 basis points, which is likely to increase to 40 basis points.

"The mutual fund companies that use our platforms benefit not only from the eight million Schwab client accounts that we have but also from the back-office standpoint, so we think it’s reasonable to ask them to share the cost on that," said Marta von Loewenfeldt, spokeswoman for the firm.

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