The executive who led Charles Schwab & Co.'s efforts to distribute its OneSource funds through banks and brokerages has resigned.

Charles "Chip" Roame left the discount brokerage Friday to start a consulting firm catering to financial advisers, a spokesman confirmed.

He was succeeded Monday by David Peck, a Schwab vice president who had headed mutual fund product development.

Schwab distributes OneSource through two banks, First Union Corp., Charlotte, N.C., and KeyCorp, Cleveland.

Mr. Roame had held the position since September, when Schwab stepped up efforts to distribute its funds through outside channels. He had been at Schwab about three years.

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