Press Releases

12/15/17 7:00 am PST
Charles Schwab Investment Management (CSIM), an asset management arm of The Charles Schwab Corporation, announced today there will be no capital gains distributions for the 2017 tax year by any of the 22 exchange-traded funds (ETFs) in the Schwab ETF family. CSIM has paid zero capital gains on its ETFs for eight consecutive years, and is the only top ten ETF provider to not yet pay a capital gain on any of its ETFs.1 “Schwab ETFs more...
12/14/17 3:00 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, 2018, to stockholders of record at the close of business on January 17, 2018. About Charles Schwab The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of more...
12/14/17 5:45 am PST
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of November 2017 include: Net new assets brought to the company by new and existing clients in November 2017 totaled $15.7 billion. Total client assets were a record $3.32 trillion as of month-end November, up 21% from November 2016 and up 2% compared to October 2017. New brokerage accounts more...
12/11/17 7:00 am PST
Charles Schwab Investment Management, Inc. (CSIM), an asset management arm of The Charles Schwab Corporation, announced that it has been named to Pensions & Investments’ sixth annual list of the Best Places to Work in Money Management for the second year in a row. “It’s an honor to be acknowledged by Pensions & Investments as a Best Place to Work in Money Management for the second year in a row because it recognizes our more...
12/1/17 8:00 am PST
Charles Schwab Investment Management (CSIM), an asset management arm of The Charles Schwab Corporation, today announced it is launching three new Schwab index mutual funds that will extend its existing low-cost index mutual fund lineup. The funds will be available for purchase on or about December 20, 2017. The new funds are as follows more...
11/16/17 6:45 am PST
Schwab Advisor Services today announced the recipients of the 12th annual IMPACT Awards® for independent investment advisor firms. The IMPACT Awards recognize independent advisor firms that have advanced the industry through exemplary business practices. The winning firms are: Heritage Financial Services, LLC, Gurtin Municipal Bond Management, Mainstay Capital Management, LLC, and ABG Retirement Plan Services. Each was recognized on the more...
11/15/17 9:45 am PST
Schwab Advisor Services today announced that 74 students from financial planning programs at 13 different universities are participating in the annual IMPACT® conference. IMPACT is the largest and longest-running annual gathering of independent advisors in the nation. Over the past decade, Schwab has sponsored the attendance of more than 600 undergraduate students from 23 universities as part of its commitment to helping independent advisors more...
11/15/17 6:45 am PST
Speaking today in front of a crowd of nearly 5,000 attendees at Schwab’s IMPACT® conference in Chicago, head of Advisor Services, Bernie Clark said that “an increasingly important part of your future role as advisors will be helping clients determine when to create change… and when to see aspects of change they might not be considering.” Clark evoked the healthcare industry, artificial intelligence and evolving workforce dynamics to illustrate more...
11/14/17 5:45 am PST
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of October 2017 include: Net new assets brought to the company by new and existing clients in October 2017 totaled $35.4 billion. Total client assets were a record $3.26 trillion as of month-end October, up 21% from October 2016 and up 2% compared to September 2017. Client assets receiving more...
11/8/17 6:00 am PST
New research from Schwab Retirement Plan Services, Inc. shows that, despite the financial challenges they face, Millennials are taking positive steps when it comes to their saving and investing habits, especially with their 401(k)s. Not only are Millennials focused on their financial future, but they are also open to professional assistance in managing their money in the present. Schwab’s nationwide survey examined the attitudes and more...
11/2/17 5:30 am PDT
Schwab Advisor Services today released its analysis of 2016 Securities Exchange Commission (SEC) registration data, which indicates that the number of advisors who entered the independent space – as registered investment advisors (RIAs) – showed strong momentum. According to the data, new registrations at the SEC level grew by 75 percent since 2012, from 114 new RIA firms to 199 new firms in 2016. Firms established in 2016 represent nearly $55 more...
10/31/17 1:12 pm PDT
The Charles Schwab Corporation (the “Company”) today announced that it will redeem on December 1, 2017, all of the 485,000 outstanding shares of its 6.00% Non-Cumulative Perpetual Preferred Stock, Series B (“Series B Preferred Stock”), and the corresponding 19,400,000 depositary shares (“Depositary Shares”), each representing a 1/40th interest in a share of the Series B Preferred Stock. The Depositary Shares are currently traded on the New York more...
10/25/17 6:17 am PDT
The Charles Schwab Corporation (the “Company”) today announced an underwritten public offering of depositary shares, each representing a 1/100th interest in a share of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F, with a liquidation preference of $100,000 per share (equivalent to $1,000 per depositary share). The Company intends to use the net proceeds it receives from the sale of the depositary shares for more...
10/19/17 2:44 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 November 24, 2017 to stockholders of record as of the close of business on November 10, 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 more...
10/16/17 5:45 am PDT
The Charles Schwab Corporation announced today that its net income for the third quarter of 2017 was a record $618 million, up 7% from $575 million for the prior quarter, and up 23% from $503 million for the third quarter of 2016. Net income for the nine months ended September 30, 2017 was $1.8 billion, up 29% from the year-earlier period more...
10/16/17 4:45 am PDT
Schwab Advisor Services today launched a national television advertising campaign that supports independent financial advisors. Schwab’s “Independent Difference” TV spots begin airing in steady rotation today on CNBC and Fox Business Network. The ads showcase independent advisors from across the nation who custody with Charles Schwab and articulate the importance of fiduciary advice and the ways in which the independent model is suited to meet more...
10/13/17 6:00 am PDT
Schwab Stock Plan Services and Certent today announced a collaboration that enables Certent clients to seamlessly integrate their stock plan administration with Schwab’s brokerage capabilities and robust participant experience. The onboarding process for clients will begin immediately, with the new technology available in early 2018. Through this relationship, Certent, a leading provider of equity compensation and more...
10/9/17 8:00 am PDT
Charles Schwab today announced the launch of new web and mobile trading platforms that embed the powerful and easy-to-use derivatives trading experience of optionsXpress into Schwab’s trader offering. In conjunction with the debut of this new experience for traders at Schwab, all optionsXpress accounts have migrated to Schwab. “We are thrilled that our optionsXpress clients are now fully integrated into the Schwab experience. Our more...
10/6/17 5:45 am PDT
The Charles Schwab Corporation announced today that it has scheduled a Fall Business Update for institutional investors on Friday, October 20th. 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...
10/5/17 8:00 am PDT
Charles Schwab Investment Management (CSIM), an asset management arm of The Charles Schwab Corporation, today announced it is launching the Schwab 1000 Index ETF (SCHK) – a new low-cost way to gain exposure to the potential growth of America’s largest 1,000 stocks. The new ETF will begin trading on October 11, 2017, and will be immediately available through Schwab’s commission-free ETF program – Schwab ETF OneSource™.1 “Index investing more...
9/15/17 5:45 am PDT
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of August 2017 include: Net new assets brought to the company by new and existing clients in August 2017 totaled $18.0 billion. Total client assets were a record $3.12 trillion as of month-end August, up 15% from August 2016 and up 1% compared to July 2017. Client cash as a percentage of more...
9/7/17 5:00 am PDT
Individual investors continue to demonstrate their affinity for exchange traded funds (ETFs), and ETF adoption appears to be headed for exponential growth in the years to come, according to the ETF Investor Study by Charles Schwab & Co., Inc. On average, ETF investors say more than a quarter of their portfolios (27%) are currently in ETFs, up from just 16% in 2012. Looking ahead, more than four in 10 ETF investors (42%) say ETFs will be the more...
8/15/17 6:00 am PDT
A new survey from Schwab Retirement Plan Services, Inc. reveals that everyday money matters are dramatically impacting the lives and retirement saving efforts of Americans. The nationwide survey of 1,000 workers with access to a 401(k) plan – half of whom are actively contributing to it (“savers”) and half of whom are not (“non-savers”) – reveals that non-savers are increasingly challenged by day-to-day financial stresses, compounded especially more...
8/14/17 5:45 am PDT
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of July 2017 include: Net new assets brought to the company by new and existing clients in July 2017 totaled $15.8 billion. Total client assets were a record $3.10 trillion as of month-end July, up 15% from July 2016 and up 2% compared to June 2017. New brokerage accounts totaled 107,000 in more...
7/27/17 11:17 am PDT
Charles Schwab today released its retail client behavior and sentiment report covering the first half of 2017. Key highlights from the Schwab Wealth Management Monitor include: Schwab retail clients overall were net buyers during the first half of 2017. Average cash allocation across all retail clients decreased slightly to 19.8 percent (from 21.1 percent at the end of 2016 more...
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 Foundation—the private, nonprofit organization funded by The Charles Schwab Corporation—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 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...

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