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Charles Schwab

Schwab Adds Oppenheimer ETFs to OneSource

OppenheimerFunds joins Schwab's ETF OneSource, Matthew Pietzak launches Vantage Private Wealth and three tips to help clients retire early.

OppenheimerFunds is the latest ETF provider to join Schwab ETF OneSource, Charles Schwab’s program of commission-free ETFs. Schwab is adding 12 ETFs to the OneSource lineup, including four from Oppenheimer, bringing the total number of ETFs available to 228. Schwab said OneSource grew 34 percent in 2016, reaching $65.4 billion by the end of November. According to Schwab, ETF OneSource offers the most choice of commission-free ETFs in the industry, and the broad selection of ETF providers and investment categories are keys to the program’s growth.

PNC Advisor Jumps Ship, Goes Independent

Matthew Pietzak, a former financial advisor for PNC Wealth Management with $300 million in AUM, has gone independent, launching Vantage Private Wealth. Prior to his serving as an advisor at PNC, Pietzak worked for Wells Fargo Private Bank, Bank of America and UBS PaineWebber. His new, Florida-based RIA offers financial planning and asset management services to affluent clients and also serves as a family office. TruClarity, a startup and service provider for RIAs, gave transitional support to Pietzak and will continue to provide Vantage Private Wealth with operational support.

How Clients Can Retire Early in Three Easy Steps

Early retirement is something that's as American as owning a home and apple pie, and while many of your clients won't be able to do it, there are ways to steer them in that direction. According to The Motley Fool, there are three key steps to getting clients to retirement by 62—at the latest: 1. Living below their means. That means spending no more than 15–20 percent of income on housing costs and getting rid of that car if living in a city. 2. Saving early. The sooner clients begin saving for retirement, the more opportunities they'll have to watch their money grow. 3. Investing wisely. While being conservative with investments is typically smart, being more aggressive—especially when younger—can pay high dividends in the long term.

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