Vice President, Investment Management Services,
Fund firms eyeing a spot on Schwab's Mutual Fund OneSource
platform need to obtain a stamp of approval from Doug Hanson. The 23-year Schwab veteran, who is in charge of the firm's
third-party mutual fund platforms, took part in the development and
implementation of OneSource -- the industry's first no-load,
no-transaction-fee supermarket -- which went live in
As of end-September, Schwab counted $467.6 billion in total Mutual Fund Marketplace assets, which included $200.9 billion of assets on the OneSource platform, $74.4 billion in mutual fund clearing services and $192.3 billion in other third-party mutual funds.
A subset of Mutual Fund Marketplace,
OneSource carries more than 2,000 funds; a total of 14,500
funds are available through Mutual Fund Marketplace, the supermarket that debuted in 1984.
Hanson began his career at Schwab in 1986 as a registered
representative in the Boston office and in 1991, he moved to
Schwab's home base of San Francisco. Hanson has assumed a variety of roles such as
overseeing third-party asset management relationships and
serving as general manager of Schwab's mutual fund clearing business.
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