Charles Schwab is augmenting the fund asset, trading and sales information it provides to more than 600 mutual fund clients through a partnership with Access Data, a Broadridge company. The additional information will be available on Schwab’s Mutual Fund OneSource and Mutual Fund Marketplace platforms.
With the new portal, funds on the Schwab platforms will be able to see sales across products and detailed information on the activities of registered investment advisors and financial advisers. “This increased level of transparency will provide mutual funds with deeper insight into channels, products and the advisers driving their business growth,” Access Data said.
Commenting on Schwab’s decision to partner with Access Data, Doug Hanson, vice president in charge of third-party mutual fund platforms at Schwab, said: “Broadridge acts as a trusted partner and industry information hub between asset managers and intermediaries. We are pleased that we will be able to draw on its enterprise reporting and data management capabilities through Access Data to deliver broader, deeper and more timely sales and asset intelligence to our OneSOurce and Marketplace funds.”