Schwab Expands Fixed Income Offering With Launch of 20 Wasmer Schroeder Strategies
January 12 2021 - 7:30AM
Business Wire
New product
suite leverages Wasmer Schroeder Strategies’ deep fixed income
expertise and investment capabilities
Charles Schwab Investment Management, Inc. (CSIM), an asset
management arm of The Charles Schwab Corporation, announced today
it is expanding its lineup of fixed income strategies available to
Charles Schwab & Co., Inc. (Schwab) clients with 20 Wasmer
Schroeder Strategies consisting of tax exempt and taxable fixed
income separately managed accounts, including bond ladders and
actively managed strategies.
“We know a growing number of clients are seeking flexible
investment solutions to help generate income,” said Rick Wurster,
Head of Schwab Asset Management Solutions and CEO of CSIM. “The
Wasmer Schroeder Strategies complement our existing fixed income
offerings and are managed with an eye to providing strong,
risk-adjusted performance. We are excited to provide Schwab clients
with even more choices to address a range of maturity, credit,
risk, liquidity and tax needs and preferences.”
Wasmer Schroeder Strategies’ tenured team of investment
professionals, including those responsible for portfolio management
and credit research, are part of the expanded fixed income
investment capabilities that CSIM acquired with the asset
acquisition of Wasmer, Schroeder & Company, LLC, which closed
on July 1, 2020.
“Wasmer Schroeder Strategies’ experienced investment team takes
a disciplined, collaborative approach to fixed income management,
and places a high priority on in-depth credit research,” added
Wurster. “We believe the Wasmer Schroeder Strategies will help
clients who value having direct ownership of bonds but want a team
of professionals to manage their fixed income assets.”
The Wasmer Schroeder Strategies now available to Schwab clients
comprise six actively managed strategies, two ultra-short fixed
income strategies, and 12 bond ladders. For more information, visit
www.schwab.com/wasmer-schroeder.
About Charles Schwab Investment Management
As of September 30, 2020, Charles Schwab Investment Management,
Inc. managed approximately $534.0 billion on a discretionary basis
and approximately $18.0 billion on a non-discretionary basis. More
information is available at www.schwabfunds.com.
About Charles Schwab
At Charles Schwab we believe in the power of investing to help
individuals create a better tomorrow. We have a history of
challenging the status quo in our industry, innovating in ways that
benefit investors and the advisors and employers who serve them,
and championing our clients’ goals with passion and integrity.
More information is available at www.aboutschwab.com. Follow us
on Twitter, Facebook, YouTube and LinkedIn.
Disclosures
Schwab Asset Management Solutions (SAMS) is comprised of Charles
Schwab Investment Management, Inc., Charles Schwab Investment
Advisory, Inc. and the Charles Schwab & Co., Inc. business
groups Asset Management Client Solutions and the Schwab Center for
Financial Research.
As of July 1, 2020, the portfolio management teams for the
Wasmer Schroeder Strategies transitioned to CSIM with CSIM assuming
portfolio management services for the Strategies.
CSIM is a registered investment adviser and an affiliate of
Charles Schwab & Co., Inc. (“Schwab”). Both CSIM and Schwab are
separate entities and subsidiaries of The Charles Schwab
Corporation.
Please refer to the Charles Schwab Investment Management, Inc.
Wasmer Schroeder Strategies Disclosure Brochure for additional
information. Wasmer Schroeder Strategies are available through
Schwab's Managed Account Connection® program ("Connection"). Please
read Schwab's disclosure brochure for important information and
disclosures relating to Connection and Schwab Managed Account
ServicesTM.
Investments in managed accounts should be considered in view of
a larger, more diversified investment portfolio. There are risks
associated with any investment approach, and the Wasmer Schroeder
Strategies have their own set of risks. The Wasmer Schroeder
Strategies invests primarily in fixed income instruments and as
such the strategies are subject to various risks including but not
limited to interest rate risk, reinvestment risk, credit risk,
default risk and event risk. Fixed income securities are subject to
increased loss of principal during periods of rising interest
rates. Fixed income investments are subject to various other risks
including changes in credit quality, market valuations, liquidity,
prepayments, early redemption, corporate events, tax ramifications
and other factors.
Tax exempt bonds are not necessarily a suitable investment for
all persons. Information related to a security's tax-exempt status
(federal and in-state) is obtained from third-parties and CSIM does
not guarantee its accuracy. Tax-exempt income may be subject to the
Alternative Minimum Tax (AMT). Capital appreciation from bond funds
and discounted bonds may be subject to state or local taxes.
Capital gains are not exempt from federal income tax.
(0121-0PNZ)
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Erin Montgomery Charles Schwab (212) 403-9271
Erin.Montgomery@schwab.com
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