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Article: Twentieth Century offers financial advisors lower fund management fees through Schwab Institutional.
- Article from:
- Business Wire
- Article date:
- November 6, 1996
CopyrightCOPYRIGHT 1996 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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KANSAS CITY, Mo.--(BUSINESS WIRE)--Nov. 6, 1996--Fee-based financial advisors, who use the Charles Schwab Mutual Fund Marketplace(R) when selecting investments for clients, are being offered Twentieth Century mutual funds at a reduced management fee.
The move is a direct result of Twentieth Century's new multiple-class price structure, which went into effect Nov. 1.
Under the agreement between Schwab and Twentieth Century, investors using financial advisors affiliated with Schwab Institutional will be able to purchase the "Institutional" share class of Twentieth Century's Select, Heritage, Growth, Ultra, Vista, Balanced, Value, Equity Income, ...