Charles Schwab is celebrating 20 years of offering its OneSource Mutual Fund Platform with the release of "Schwab's Mutual Fund OneSource at 20," a report that looks back at the evolution of the service and how it "simplifies the way investors buy and sell no-load mutual funds from multiple fund families without paying transaction fees."
Unveiled in July 1992 with eight fund families and 80 mutual funds, the platform "revolutionized mutual fund investing for millions of individual investors and registered investment advisors (RIAs), and today provides access to more than 430 fund families and 4,400 no-load, no-transaction-fee funds," according to the company.
"There are many facets of mutual fund investing that we take for granted today. We forget that access to funds and fund information wasn't always so easy," Doug Hanson, Charles Schwab's vice president who oversees the company's third-party mutual fund platforms. "The 20th anniversary of the Mutual Fund OneSource platform seemed like an ideal time to reflect on how far mutual fund investing and investors have come."
