Charles Schwab & Co. expects to sign up 5 to 10 banks within the next three years to distribute its popular OneSource mutual fund supermarket, according to a top official.

"I think the banks are going to bring us tens of millions, hundreds of millions of dollars," said David S. Pottruck, president and chief executive officer of Charles Schwab, in an interview Monday.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.