SYS-CON MEDIA Authors: Sean Houghton, Glenn Rossman, Ignacio M. Llorente, Xenia von Wedel, Peter Silva

News Feed Item

Schwab Launches Suite of Investment Tools and Education Programs for Retirement Plan Advisors

Schwab Retirement Business Services (RBS), a leading service provider for retirement plan advisors and independent recordkeepers, has launched a suite of support tools and programs to help advisors meet increased demand for their services in 401(k) and other workplace retirement plans.

The suite combines sophisticated investment management tools and advanced fiduciary and plan design training to help advisors increase productivity and build their skills in this highly regulated industry. Schwab is working with recognized industry leaders fi360 and The Retirement Advisor University (TRAU™), a collaboration with UCLA Anderson School of Management Executive Education, to offer these comprehensive solutions.

Investment Management Support with fi360 Toolkit

Schwab and fi360 have fully integrated a customized version of the fi360 Toolkit into Schwab’s online Retirement Center. The fi360 Toolkit is a powerful, web-based software solution that provides advisors the analytical, management and reporting features needed to manage and document a prudent investment process. Fully integrating the toolkit into the Schwab platform creates a new investment management resource for retirement advisors. Specifically, the integrated interface saves advisors time and enables them to:

  • Automatically update plan and portfolio data
  • Manage client records
  • Develop, document, and track client investments
  • Develop and test asset allocations
  • Generate proposals
  • Comply with 408(b)(2) fee disclosure regulations

In addition, advisors with plans on the Schwab Retirement Center platform are eligible for a discounted licensing fee to use the fi360 toolkit.

“fi360’s sophisticated toolkit is an integral part of our commitment to helping advisors meet a fiduciary standard of care and help their clients navigate the evolving retirement landscape,” said Debbie Pritchard, RBS vice president of business development and relationship management. “By streamlining investment selection, analysis, and reporting, advisors will be able to more efficiently provide their clients with a high level of service and transparency.”

“We are excited to be working with Schwab to support retirement plan advisors with the most sophisticated fiduciary education and plan management and client reporting tools available,” said fi360 CEO Blaine Aikin. “But it is ultimately the investors on the receiving end of highly-supported, prudent fiduciary management who are the greatest beneficiaries.”

Advanced Education and Industry Designations

Schwab is collaborating with fi360 and TRAU to increase access and reduce costs for advisors seeking to build on their retirement plan expertise through advanced industry education programs.

Accredited Investment Fiduciary®

Schwab offers direct, discounted access to the training necessary to earn the Accredited Investment Fiduciary (AIF®) Designation offered by fi360. The AIF designation not only broadens advisors’ professional knowledge, but also offers new business opportunities by allowing them to expand service offerings as a plan fiduciary. This designation demonstrates knowledge and competency in the area of fiduciary responsibility and communicates a commitment to standards of investment fiduciary excellence.

Certified 401(k) Professional—C(k)P™

Schwab also recommends select advisors to attend The Retirement Advisor University (TRAU) at UCLA Anderson School of Management Executive Education. TRAU offers the first retirement planning certification program for advisors associated with a nationally recognized institution of higher learning, the prestigious Certified 401(k) Professional designation. The designation distinguishes professionals with substantial practical retirement plan management experience who complete TRAU’s comprehensive, highly specialized retirement courses. Advisors recommended by Schwab are eligible to receive scholarships from TRAU.

Growing Demand for Advisor Knowledge and Expertise

“Regulatory requirements and heightened awareness around fiduciary responsibilities and reporting in retirement plans mean new growth opportunities for advisors,” explained Pritchard. “By integrating all of these tools and educational resources, we increase the value we deliver to advisors, better support independent recordkeepers and ultimately improve the services we provide collectively to our plan sponsor clients and their participants.”

Advisors interested in learning more should visit www.schwab.com/retirementadvisorsolutions.

About fi360

fi360 offers a comprehensive approach to investment fiduciary education, practice management and support that has established it as the go-to source for investment fiduciary insights. With substantiated practices as the foundation, fi360 offers world-class fiduciary Training/Education Tools and Resources that are essential for fiduciaries and those who provide services to fiduciaries to effectively and successfully manage their roles and responsibilities. fi360 assists those who rely on its fiduciary education programs, professional AIF® and AIFA® designations, Web-based analytical and reporting software and resources to achieve success. For more information about fi360, please visit www.fi360.com or Twitter: @fiduciary360.

About The Retirement Advisor University

TRAU™, The Retirement Advisor University, a collaboration with UCLA Anderson School of Management Executive Education, is the first retirement planning certification program associated with a nationally recognized institution of higher learning. Participating advisors and wholesalers can benefit by earning certification that has real meaning to plan sponsor clients, prospects, and the retirement industry as a whole. The Retirement Advisor University is a combination of onsite classes at the UCLA campus, virtual classroom courses, E-Learning and self study. By combining world class professors with retirement industry leaders, TRAU has created the most comprehensive retirement training program for financial advisors in America. Individuals attending TRAU™ are instructed by both world class UCLA Anderson faculty members, and some of the most accomplished financial advisors in the retirement plan industry. This approach combines the academic excellence and the practical applicability needed to produce a highly skilled and knowledgeable retirement plan advisor. Recognizing that access to a skilled retirement advisor is becoming increasingly critical to the average American, The Retirement Advisor University has been designed to empower financial advisors with the skill sets they need to assist their clients in retiring successfully.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 300 offices and 8.7 million active brokerage accounts, 1.5 million corporate retirement plan participants, 815,000 banking accounts, and $1.76 trillion in client assets as of May 31, 2012. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through its Advisor Services division. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides trust and custody services, banking and mortgage services and products. Investment products offered by Charles Schwab & Co., Inc. are not insured by the FDIC, are not deposits or obligations of Charles Schwab Bank, and are subject to investment risk, including the possible loss of principal invested. More information is available at www.schwab.com and www.aboutschwab.com. (0712-4518)

Charles Schwab Bank; Charles Schwab & Co., Inc.; Schwab Retirement Plan Services, Inc.; Schwab Retirement Plan Services Company; and Schwab Retirement Technologies® (Schwab RT) are separate but affiliated companies and wholly owned subsidiaries of The Charles Schwab Corporation. Brokerage products and services are offered by Charles Schwab & Co., Inc. Trust and custody products and services are offered by Charles Schwab Bank. Schwab Retirement Plan Services, Inc. and Schwab Retirement Plan Services Company provide recordkeeping services with respect to retirement plans. Schwab RT is engaged in developing and licensing proprietary retirement plan recordkeeping systems to independent third-party administrators.

TRAU and fi360 are not affiliated with The Charles Schwab Corporation or any of its subsidiaries.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
ScriptRock makes GuardRail, a DevOps-ready platform for configuration monitoring. Realizing we were spending way too much time digging up, cataloguing, and tracking machine configurations, we began writing our own scripts and tools to handle what is normally an enormous chore. Then we took the concept a step further, giving it a beautiful interface and making it simple enough for our bosses to understand. We named it GuardRail after its function - to allow businesses to move fast and stay sa...
SYS-CON Media announced today that Sematext launched a popular blog feed on DevOps Journal with over 6,000 story reads over the weekend. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. DevOps Journal brings valuable information to DevOps professionals who are transforming the way enterprise IT is done. Sematext is a globally distributed organization that builds innovative Cloud and On Premises solutions for performance monitoring, alerting an...
Lori MacVittie is responsible for education and evangelism of application services available across F5's entire product suite. Her role includes authorship of technical materials and participation in a number of community-based forums and industry standards organizations, among other efforts. MacVittie has extensive programming experience as an application architect, as well as network and systems development and administration expertise. Prior to joining F5, MacVittie was an award-winning Senio...
SYS-CON Media announced today that Skytap blog on "DevOps Journal" exceeded 84,000 story reads. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. DevOps Journal brings valuable information to DevOps professionals who are transforming the way enterprise IT is done. Noel Wurst is the managing content editor at Skytap. Skytap provides SaaS-based dev/test environments to the enterprise. Skytap solution removes the inefficiencies and constraints that comp...
SYS-CON Events announced today Isomorphic Software, the global leader in high-end, web-based business applications, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software ...
SYS-CON Events announced today that Cloudian, Inc., the leading provider of hybrid cloud storage solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Cloudian, Inc., is a Foster City, California - based software company specializing in cloud storage software. The main product is Cloudian, an Amazon S3-compliant cloud object storage platform, the bedrock of cloud computing systems, that enables c...
Leysin American School is an exclusive, private boarding school located in Leysin, Switzerland. Leysin selected an OpenStack-powered, private cloud as a service to manage multiple applications and provide development environments for students across the institution. Seeking to meet rigid data sovereignty and data integrity requirements while offering flexible, on-demand cloud resources to users, Leysin identified OpenStack as the clear choice to round out the school's cloud strategy. Additional...
The BPM world is going through some evolution or changes where traditional business process management solutions really have nowhere to go in terms of development of the road map. In this demo at 15th Cloud Expo, Kyle Hansen, Director of Professional Services at AgilePoint, shows AgilePoint’s unique approach to dealing with this market circumstance by developing a rapid application composition or development framework.
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, p...
In high-production environments where release cycles are measured in hours or minutes — not days or weeks — there's little room for mistakes and no room for confusion. Everyone has to understand what's happening, in real time, and have the means to do whatever is necessary to keep applications up and running optimally. DevOps is a high-stakes world, but done well, it delivers the agility and performance to significantly impact business competitiveness.
"Our premise is Docker is not enough. That's not a bad thing - we actually love Docker. At ActiveState all our products are based on open source technology and Docker is an up-and-coming piece of open source technology," explained Bart Copeland, President & CEO of ActiveState Software, in this SYS-CON.tv interview at DevOps Summit at Cloud Expo®, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover ...
"BSQUARE is in the business of selling software solutions for smart connected devices. It's obvious that IoT has moved from being a technology to being a fundamental part of business, and in the last 18 months people have said let's figure out how to do it and let's put some focus on it, " explained Dave Wagstaff, VP & Chief Architect, at BSQUARE Corporation, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com...
Verizon Enterprise Solutions is simplifying the cloud-purchasing experience for its clients, with the launch of Verizon Cloud Marketplace, a key foundational component of the company's robust ecosystem of enterprise-class technologies. The online storefront will initially feature pre-built cloud-based services from AppDynamics, Hitachi Data Systems, Juniper Networks, PfSense and Tervela. Available globally to enterprises using Verizon Cloud, Verizon Cloud Marketplace provides a one-stop shop fo...