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SAN ANTONIO – Investors and advisors now have greater access to USAA mutual funds through an expanded distribution relationship with Charles Schwab.
“USAA members asked for increased access to our funds through leading investment services firms like Charles Schwab, and we listened,” said Keith Sloane, vice president of third-party distribution at USAA. “Over the past two years we significantly increased the availability of our funds to investors through their preferred channel. This agreement highlights our commitment to meeting our members’ needs.”
Details of the expansion include:
In addition to dealer agreements with Charles Schwab and many leading intermediaries in the industry, all USAA shares classes are available through the National Securities Clearing Corporation.
USAA Investments, which manages more than $60.8 billion in mutual fund assets, includes more than 50 mutual funds that are open to all investors. Seventy-five percent of all USAA mutual funds and 100 percent of USAA bond funds beat their Lipper category average for ten-year returns for the period ending Dec. 31, 2013.
To learn more about USAA’s full suite of mutual funds and investing solutions, call 1-800-531-USAA or visit usaa.com/investments.
USAA provides insurance, banking, investment and retirement products and services to 10 million members of the U.S. military and their families. Known for its legendary commitment to its members, USAA is consistently recognized for outstanding service, employee well-being and financial strength. USAA membership is open to all who are serving or have honorably served our nation in the U.S. military, and their eligible family members. For more information about USAA, or to learn more about membership, visit usaa.com.
Investments/ Insurance: Not FDIC Insured ∙ Not Bank Issued, Guaranteed or Underwritten ∙ May Lose Value.
Based on average annual returns, 27 out of 36 USAA funds beat their Lipper averages for the 10-year period ending Dec. 31, 2013. For the one- and five-year periods ending Dec. 31, 2013, 64% (32 out of 50 USAA funds), and 77% (33 out of 43 USAA funds), respectively, beat their Lipper averages. Results will vary for other time periods. Source: Lipper, Inc.
Based on average annual returns, 11 out of 11 USAA bond funds beat their Lipper averages for the 10-year period ending Dec. 31, 2013. For the one- and five-year periods ending Dec. 31, 2013, 100% (12 out of 12 USAA bond funds), and 100% (11 out of 11 USAA bond funds), respectively, beat their Lipper averages. Results will vary for other time periods. Source: Lipper, Inc.
Lipper, Inc. is a subsidiary of Thomson Reuters. The Lipper Fund Awards program honors funds that have excelled in delivering consistently, strong risk-adjusted performance relative to its peers. In addition, the Lipper Fund Awards program recognizes fund families with high average scores for all funds within a particular class or overall.
Investments (USAA) provided by USAA Investment Management Company and USAA Financial Advisors Inc., both registered broker dealers. Financial planning services and financial advice provided by USAA Financial Planning Services Insurance Agency, Inc. (known as USAA Financial Insurance Agency in California, License # 0E36312 ), a registered investment adviser and insurance agency and its wholly owned subsidiary, USAA Financial Advisors, Inc., a registered broker dealer.
USAA means United Services Automobile Association and its affiliates.