During Monday’s Morning trade, Shares of Charles Schwab Corp (NYSE:SCHW), lost -0.09% to $32.30.
Schwab’s no-transaction-fee mutual fund platform – for as little as $100 in initial investments in brokerage, IRA and custodial accounts. This new low minimum for brokerage accounts is a noteworthydrop from $2,500. Additionally, investors will be able to make subsequent investments in established accounts for all funds available in Mutual Fund OneSource starting at $1, down from $500.
With this change, Schwab will offer the widest selection of funds available at a $100 minimum, improving access to mutual funds for a greater number of individual investors and those who want to broaden their investments.
Mutual funds presently represent about 43% of the total assets at Schwab, and 42% of Schwab retail households are invested in mutual funds. Launched in July 1992 with eight fund families and more than 80 mutual funds, Schwab’s Mutual Fund OneSource —the industry’s first “mutual fund supermarket”— transformed the way America invests by simplifying how individuals buy and sell no-load mutual funds from multiple fund families without paying transaction fees. Recently, Mutual Fund OneSource provides access to more than 500 fund families and 4,700 no-load, no-transaction-fee mutual funds, and is evolving by dramatically reducing the price of entry to purchase those funds.
The Charles Schwab Corporation, through its auxiliaries, provides wealth administration, securities brokerage, banking, money administration, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services.
Shares of WPX Energy, Inc. (NYSE:WPX), inclined 1.36% to $8.57, during its current trading session.
WPX Energy’s, has approved a quarterly dividend of $0.78125 per share to holders of the company’s 6.25 percent Series A Mandatory Convertible Preferred Stock.
The dividend is payable on Feb. 1, 2016, to holders of record of the company’s preferred stock at the close of business on Jan. 15, 2016.
WPX Energy, Inc., an independent natural gas and oil exploration and production company, engages in the exploitation and development of unconventional properties in the United States.
Finally, Shares of Paychex, Inc. (NASDAQ:PAYX), gained 1.22%, and is now trading at $52.99.
In time for open enrollment, Paychex, Inc., a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses, recently declared the addition of new tools and resources available through the Paychex Insurance Agency (PIA) Personal Marketplace, a private insurance exchange where employees who are not eligible for group coverage can shop, compare, and purchase individual health insurance from a variety of insurance carriers.
In its second full year, the Personal Marketplace offers a convenient way for employers who are not required to offer a group plan under the Affordable Care Act (ACA) to assist their employees gain access to coverage, and avoid increasing penalties for non-coverage under the ACA’s individual mandate to purchase health insurance. Individuals will have convenient access to a wide range of affordable benefit options, as well as decision tools and cost estimators for both private and tax credit-eligible health plans
“With the success of our private marketplace in its first year and the growing interest from our clients for additional ways they can provide low-cost benefit options to their employees, we’re excited to be offering even more resources for employers and their employees through the latest enhancements to our Personal Marketplace,” said Kevin Hill, Paychex vice president of insurance and HR Solutions services.
Paychex, Inc. provides payroll, human resource, insurance, and benefits outsourcing solutions for small to medium-sized businesses in the United States and Germany. The company offers payroll processing services that comprise the calculation, preparation, and delivery of employee payroll checks; production of internal accounting records and administration reports; preparation of federal, state, and local payroll tax returns; and collection and remittance of clients payroll obligations.