Schwab’s ETF Family Tops $2 Billion In Assets

Charles Schwab (SCHW) said Tuesday morning that exchange-traded fund assets held by its individual investor and independent advisor clients have topped $100 billion.

That includes all fund families. Assets under management in Schwab ETFs now exceed $2 billion, according to the company.

After running one of the largest trading platforms for ETFs and mutual funds, last year Schwab opened its own line of ETFs. In January, it cut expense ratios, dropping competing passively managed index funds to below long-time low-price leader Vanguard.

It also is allowing customers to trade commission-free in Schwab’s 11 different ETFs.

“Schwab ETFs have had significant traction this first year,” Peter Crawford, who heads up Schwab’s ETF group, said in a statement.

Earlier, he indicated that in the past six months, more personal investors were trading ETFs along the company’s platforms than advisers.