Press Releases

7/20/17 2:54 pm PDT
The Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.08 per common share. The dividend is payable August 25, 2017 to stockholders of record as of the close of business on August 11, 2017. In addition, the Board of Directors of The Charles Schwab Corporation declared a regular quarterly dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock more...
7/18/17 5:53 am PDT
The Charles Schwab Corporation announced today that its net income for the second quarter of 2017 was a record $575 million, up 2% from $564 million for the prior quarter, and up 27% from $452 million for the second quarter of 2016. Net income for the six months ended June 30, 2017 was $1.1 billion, up 32% from the year-earlier period.   Three Months EndedJune 30 more...
7/14/17 5:30 am PDT
Independent financial advisor firms are attracting high-net-worth (HNW) investors and adding more new-to-firm client assets as they continue to report year-over-year growth, according to the 2017 RIA Benchmarking Study from Charles Schwab. The median firm AUM has grown to $593 million in 2016 from $358 million in 2012, a 10.0% five-year compound annual growth rate. In addition, profitability remains strong with standard operating more...
7/10/17 6:00 am PDT
Charles Schwab announced today that Schwab ETF OneSource™, the program that offers the most commission-free1 Exchange Traded Funds (ETFs) anywhere in the industry, has added 15 ETFs to its roster. With these additions, the program allows investors and advisors to buy and sell 245 ETFs covering 69 Morningstar Categories with $0 online commissions, no enrollment requirements and no early redemption fees – key differentiators for investors more...
7/10/17 5:00 am PDT
Schwab Charitable™, one of the largest national providers of donor-advised funds and other philanthropic services, facilitated a record $1.57 billion in grants in fiscal year 20171, a 34% increase from the prior fiscal year. Schwab Charitable donors supported over 65,000 charities and recommended over 309,000 grants, up 29% from 240,000 grants in Fiscal Year 20162. “This is the third year in a row in which our generous donors more...
7/7/17 5:45 am PDT
The Charles Schwab Corporation announced today that it has scheduled a Summer Business Update for institutional investors on Friday, July 21st. This Update, which will be held via webcast, is part of an ongoing series designed to help the investment community keep abreast of recent developments and management’s strategic focus. The program is scheduled to run from 8:00 a.m. - 9:00 a.m. PT, 11:00 a.m. - 12:00 p.m. ET. Participants will include more...
6/21/17 11:32 am PDT
Charles Schwab & Co., Inc. today announced a commitment of $1 million to advance youth financial capability, capital markets literacy, and civics education across the US. This three-year grant will support the SIFMA Foundation's Capitol Hill Challenge® - a special edition of The Stock Market Game™ that pairs individual members of Congress and financial capability programming with public schools in every congressional district nationwide more...
6/21/17 6:00 am PDT
Americans are split on their definitions of wealth, according to new research from Charles Schwab, with some describing wealth as a specific sum of money and others describing it more as a state of mind. When asked to define wealth, the top five sentiments among 1,000 Americans are: Having a lot of money (27 percent) Enjoying life’s experiences (24 percent) Being able to afford anything more...
6/14/17 5:45 am PDT
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of May 2017 include: Net new assets brought to the company by new and existing clients in May 2017 totaled $24.0 billion. Total client assets were a record $3.00 trillion as of month-end May, up 15% from May 2016 and up 2% compared to April 2017. Client assets receiving ongoing advisory more...
6/7/17 7:00 am PDT
Schwab Advisor Services leaders are in Washington today for the Investment Adviser Association’s (IAA) Annual Lobbying Day. The Schwab contingent, led by Bernie Clark, executive vice president and head of Schwab Advisor Services, and Nick Georgis, senior vice president, business consulting services, Schwab Advisor Services, will be joined by four independent registered investment advisors (RIAs) who custody client assets with Schwab. The group more...
6/7/17 6:00 am PDT
A new survey from Charles Schwab reveals that financial wellness programs are quickly becoming a core part of employee benefit and compensation packages. Employers are increasingly finding that financial wellness programs can potentially drive better financial outcomes for employees, promote higher utilization of employer-sponsored savings and investment programs, and lead to productivity gains from a reduction of financial-related stress more...
5/22/17 6:00 am PDT
As part of a long-standing tradition celebrating Schwab’s culture of service, thousands of Schwab employees and executives (“Schwabbies”) today will begin Schwab’s 14th annual week-long volunteer event by rolling up their sleeves to help local and national charities. This year’s Schwab Volunteer Week is expected to break previous years’ records, with nearly 6,000 Schwab employee volunteers signed up for approximately 500 service projects more...
5/16/17 4:15 pm PDT
The Board of Directors of The Charles Schwab Corporation has declared a semi-annual dividend on the outstanding Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A in the amount of $35 per share. The dividend is payable August 1, 2017, to stockholders of record at the close of business on July 17, 2017. About Charles Schwab The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of more...
5/12/17 5:45 am PDT
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of April 2017 include: Net new assets brought to the company by new and existing clients in April 2017 totaled $2.8 billion, reflecting client cash disbursements during tax season. Total client assets were a record $2.95 trillion as of month-end April, up 14% from April 2016 and up 1% compared to March more...
4/24/17 12:00 pm PDT
Schwab Advisor Services today announced the launch of a new phase of its national advertising campaign that tells the success stories of independent advisors. The new campaign features advisors from a diverse array of firms sharing stories of their firms’ growth and evolution against the backdrop of their relationship with Schwab. The campaign debuted this month in print media and on digital properties, along with a complementing component of more...
4/20/17 3:25 pm PDT
The Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.08 per common share. The dividend is payable May 26, 2017 to stockholders of record as of the close of business on May 12, 2017. In addition, the Board of Directors of The Charles Schwab Corporation declared a regular quarterly dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, more...
4/20/17 6:30 am PDT
Boys & Girls Clubs of America and Charles Schwab Foundation have named 17-year-old Angel Carter of the Salvation Army Boys & Girls Clubs of Greater Atlanta the 2017 National Ambassador for the  Money Matters: Make it Count  financial education program, which teaches the basics of personal finance and the importance of an early start to being financially responsible. As the tenth annual National Money Matters Ambassador, Angel will serve more...
4/19/17 10:05 am PDT
Charles Schwab Investment Management announced today a change regarding its planned reorganization of the Schwab Short-Term Bond Market Fund™ into the Schwab® Short-Term Bond Index Fund and the Schwab Total Bond Market Fund™ into the Schwab® U.S. Aggregate Bond Index Fund, and approved the liquidation of both the Schwab Short-Term Bond Market Fund and Schwab Total Bond Market Fund (the “Funds”). The Funds were closed to new investors on more...
4/18/17 5:45 am PDT
The Charles Schwab Corporation announced today that its net income for the first quarter of 2017 was a record $564 million, up 8% from $522 million for the prior quarter, and up 37% from $412 million for the first quarter of 2016. The company's financial results for the first three months of 2017 reflect a new accounting standard for equity compensation; a description of this item is included under the following table more...
4/7/17 5:45 am PDT
The Charles Schwab Corporation announced today that it has scheduled a Spring Business Update for institutional investors on Friday, April 21st. This Update, which will be held via webcast, is part of an ongoing series designed to help the investment community keep abreast of recent developments and management’s strategic focus. The program is scheduled to run from 8:00 a.m. - 9:00 a.m. PT, 11:00 a.m. - 12:00 p.m. ET. Participants will include more...
4/6/17 6:00 am PDT
Charles Schwab has received the highest ranking in overall satisfaction in the 2017 J.D. Power Full Service Investor Satisfaction Study. Schwab also ranked highest in the 2016 J.D. Power Full Service Investor Satisfaction Study. With an index score of 838 on a 1,000-point scale in the 2017 Full Service Study, Schwab scored 19 points above the overall satisfaction industry average and received the highest scores in the areas of “ more...
3/30/17 6:00 am PDT
This morning, Charles Schwab & Co., Inc., is celebrating construction progress at its new Austin campus at 2309 Gracy Farms Lane. Texas Governor Greg Abbott and Austin Mayor Steve Adler are among the officials joining Schwab executives in signing the beam that will then be hoisted by crane to the top of the site’s second office building, currently under construction. The “topping out” ceremony celebrates Schwab’s growth in Austin, and in the more...
3/24/17 6:00 am PDT
Charles Schwab Investment Management, Inc., the asset management arm of The Charles Schwab Corporation, announced that it has received four Best-In-Class Thomson Reuters Lipper Fund Awards. The annual Lipper Fund Awards recognize funds and fund management firms for their consistently strong, risk-adjusted performance relative to their peers. Lipper honored the following funds on the basis of risk-adjusted returns for the three-, five-, more...
3/14/17 7:00 am PDT
Charles Schwab today announced the broad availability of Schwab Intelligent Advisory TM, the firm’s new hybrid advisory service that combines live credentialed professionals and advanced technology to make financial and investment planning more accessible. Schwab Intelligent Advisory provides investors with a financial plan tailored to their situation and goals, ongoing guidance and expertise from experienced Planning Consultants, and a fully more...
3/14/17 5:45 am PDT
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of February 2017 include: Net new assets brought to the company by new and existing clients in February 2017 totaled $6.6 billion, including a $9.0 billion outflow related to a mutual fund clearing services client. Total client assets were a record $2.90 trillion as of month-end February, up 19% from more...
3/9/17 12:00 pm PST
In a gathering of 100 independent advisor clients, who represent $61 billion in assets under management (AUM),1 Schwab Advisor Services celebrated the momentum of the independent advice model while pointing to the $23 trillion dollars of assets2 still advised outside the model and challenging attendees to focus on new investor acquisition. At Schwab’s inaugural ADVANTAGE® conference, Jon Beatty, senior vice president and head of more...
3/7/17 6:00 am PST
Schwab Stock Plan Services, a leading provider of equity compensation plans, today announced an agreement with eShares, an online equity management platform and the only SEC-registered transfer agent for private companies. The new relationship enables eShares clients to transition their employee equity plans to Schwab’s stock plan administration platform as they prepare to enter the public market. Using eShares, pre-IPO more...
2/28/17 12:29 pm PST
The Charles Schwab Corporation today posted a CFO Commentary regarding the recent price reductions announced earlier today on its standard online equity, ETF and options trade commissions. Joe Martinetto, Senior Executive Vice President and Chief Financial Officer, provides additional insight and commentary at: http://www.aboutschwab.com/investor-relations/cfo-commentary . About Charles Schwab The Charles Schwab Corporation more...
2/28/17 6:26 am PST
The Charles Schwab Corporation today announced it will reduce its standard online equity and ETF trade commissions from $6.95 to $4.951 and lower options pricing to $4.95 plus $0.65 per contract effective March 3, 2017 more...
2/14/17 5:45 am PST
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of January 2017 include: Net new assets brought to the company by new and existing clients in January 2017 totaled $11.1 billion. Total client assets were a record $2.83 trillion as of month-end January, up 17% from January 2016 and up 2% compared to December 2016. Client assets receiving more...
2/8/17 6:30 am PST
The Charles Schwab Corporation has announced that it will be piloting a program of matching individual donations for classroom projects, pre-Kindergarten through 12th grade, designed to build financial literacy for today’s youth. The matching donations will be provided through the innovative nonprofit organization DonorsChoose.org. Any public and charter school teachers across the U.S. can apply for grants to fund personal finance education more...
2/2/17 5:45 am PST
Consistent with its heritage of democratizing investing, The Charles Schwab Corporation today announced a series of steps to deliver significantly more value to investors of all sizes, and introduced an industry-unique Satisfaction Guarantee1. Commission Reduction Beginning February 3, 2017, the company will reduce its standard online equity and ETF trade commissions from $8.95 to $6.952, making Schwab’s trading more...
1/30/17 4:05 am PST
Charles Schwab has been named one of the top three online brokerage firms by Investor’s Business Daily (IBD). In its fifth annual report of the Best Online Stock Brokers, Schwab ranked first within the Customer Service, Trade Reliability, Site Performance and ETF Choices sub-categories. Companies named to the list were selected based upon objective data from more than 4,700 investors. “Today’s consumers have high expectations more...
1/26/17 3:40 pm PST
The Board of Directors of The Charles Schwab Corporation at its meeting today declared a one cent, or 14%, increase in the quarterly cash dividend to $0.08 per common share. The dividend is payable February 24, 2017 to stockholders of record as of the close of business on February 10, 2017. Chairman Charles Schwab commented, "This increase reflects the Board's confidence in our ability to continue to deliver consistent earnings and more...
1/26/17 2:37 pm PST
The Charles Schwab Corporation announced today that Peter Crawford, Schwab’s executive vice president of finance and a 16-year veteran of the company, will succeed Joseph R. Martinetto as the company’s chief financial officer, effective May 16 following Schwab’s annual stockholders meeting. Mr. Martinetto, 55, who marks his 20th anniversary with Schwab this year, will continue as senior executive vice president at Schwab, more...
1/24/17 6:00 am PST
Schwab CharitableTM, one of the largest national providers of donor-advised funds and other philanthropic services, facilitated over $1.5 billion in grants to charities in 2016, a 41% increase from the previous year 2015. Schwab Charitable donors supported 61,000 charities and recommended approximately 273,000 grants, up from 233,000 grants in 2015. Individuals mobilized support around a range of domestic and international causes more...
1/18/17 5:45 am PST
The Charles Schwab Corporation announced today that its net income for the fourth quarter of 2016 was a record $522 million, up 4% from $503 million for the prior quarter, and up 25% from $416 million for the fourth quarter of 2015. Net income for the twelve months ended December 31, 2016 was $1.9 billion, up 31% year-over-year.     Three more...
1/4/17 6:00 am PST
Charles Schwab announced today that Schwab ETF OneSource™, the program that offers the most commission-free1 ETFs anywhere in the industry, is adding one new ETF provider – OppenheimerFunds – and twelve new ETFs to its line-up. With these additions, the program allows investors and advisors to buy and sell 228 ETFs covering 69 Morningstar Categories with $0 online commissions, no enrollment requirements and no early redemption fees – key more...
12/19/16 6:00 am PST
Charles Schwab Investment Management, Inc. (CSIM) announced today that there will be no capital gains distributions in 2016 by any of the 21 exchange-traded funds (ETFs) in the Schwab ETFs™ family for the seventh consecutive year. “Tax efficiency is one of the primary reasons that many investors are attracted to ETFs, so we’re pleased that there will be no capital gains distributions by the Schwab ETFs for the seventh year in a row,” more...
12/14/16 1:33 pm PST
The Board of Directors of The Charles Schwab Corporation has declared a semi-annual dividend on the outstanding Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A in the amount of $35 per share. The dividend is payable February 1, 2017, to stockholders of record at the close of business on January 17, 2017. About Charles Schwab The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of more...
12/14/16 5:45 am PST
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of November 2016 include: Net new assets brought to the company by new and existing clients in November 2016 totaled $11.9 billion. Total client assets were a record $2.73 trillion as of month-end November, up 7% from November 2015 and up 2% compared to October 2016. Client assets receiving more...
12/13/16 6:00 am PST
Charles Schwab today announced plans to expand its suite of wealth management and advisory services with the launch of Schwab Intelligent Advisory, a hybrid advisory service that combines live credentialed professionals and algorithm driven technology to make financial and investment planning more accessible to consumers. Schwab Intelligent Advisory will provide investors with a financial plan tailored to their situation and goals, ongoing more...
11/16/16 6:30 am PST
Charles Schwab & Co., Inc. is endowing a program at Indiana University's Kelley School of Business that will help students prepare for careers in financial planning and wealth management. The endowment will be used to create a 21-credit workshop program that incorporates specialized courses, opportunities to meet and interact with industry practitioners, and experience working on real industry issues. The new more...
11/15/16 6:00 am PST
A recent survey from Schwab Retirement Plan Services, Inc. finds there are significant gaps between the way male and female Millennials approach planning and saving for retirement. Millennial men are close to evenly split on whether they are more concerned about being healthy enough or having enough money to enjoy retirement, while Millennial women are overwhelmingly more concerned with financial security once they stop working more...
11/14/16 5:45 am PST
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of October 2016 include: Net new assets brought to the company by new and existing clients in October 2016 totaled $6.1 billion. Total client assets were $2.69 trillion as of month-end October, up 6% from October 2015 and down 1% compared to September 2016. Average interest-earning assets on more...
11/9/16 6:30 am PST
November is Military Veterans’ Month at Schwab, when the company celebrates its existing network of military veterans and their families. Schwab remains committed not only to recruiting veterans, but also earning their loyalty by creating a workplace that appreciates and leverages their unique skills and supports future career growth. Through the grassroots efforts of the company’s employee resource group, Military Veterans Network, Schwab more...
10/26/16 8:45 am PDT
Schwab Advisor Services today announced the recipients of the 11th annual IMPACT Awards for independent investment advisor firms. Four firms received awards on the main stage this morning at Schwab IMPACT, the nation’s largest and longest-running annual gathering of independent advisors. The winning firms for 2016 are: SignatureFD, LLC for the BEST-IN-BUSINESS IMPACT AWARD™ Allgen more...
10/25/16 8:45 am PDT
Speaking today at IMPACT® — the largest and longest-running annual gathering of independent registered investment advisors (RIAs) — Bernie Clark, executive vice president and head of Schwab Advisor Services, underscored the importance of advisors leading their firms toward change while continuing to draw on their entrepreneurial spirit. The important role of change was echoed by findings from the 20th edition of Schwab’s Independent Advisor more...
10/24/16 2:30 pm PDT
Charles Schwab today announced a number of new features and enhancements to Institutional Intelligent Portfolios — the automated investment management platform designed specifically for independent advisors and sponsored by Schwab Wealth Investment Advisory, Inc. The primary update is enhanced portfolio customization, which launches next month and will provide advisors greater flexibility to design portfolios based on their investment more...
10/20/16 4:00 pm PDT
The Board of Directors of The Charles Schwab Corporation has declared a regular quarterly cash dividend of $0.07 per common share. The dividend is payable November 28, 2016 to stockholders of record as of the close of business on November 14, 2016. In addition, the Board of Directors of The Charles Schwab Corporation declared a regular quarterly dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, more...

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