Press Releases

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...
10/19/16 12:12 pm PDT
Schwab CharitableTM, one of the largest national providers of donor-advised funds and other philanthropic services, reported an estimated 22% rise in the amount granted to charities so far this year. From January 1st through September 30th 2016, Schwab Charitable account holders recommended approximately 145,000 grants totaling $830 million compared with 129,000 grants totaling $670 million in the same period last year. This is a promising sign more...
10/17/16 5:45 am PDT
The Charles Schwab Corporation announced today that its net income for the third quarter of 2016 was $503 million, up 11% from $452 million for the prior quarter, and up 34% from $376 million for the third quarter of 2015. Net income for the nine months ended September 30, 2016 was $1.37 billion, up 33% from the year-earlier period. The company’s financial results for the third quarter and first nine months of both 2016 and 2015 include certain non- more...
10/7/16 5:45 am PDT
The Charles Schwab Corporation announced today that it has scheduled a Fall Business Update for institutional investors on Friday, October 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...
10/6/16 11:00 am PDT
Schwab Advisor Services today announced recent and upcoming enhancements to Schwab Advisor Center, the core custody and trading platform for independent advisors whose clients custody with Schwab. The platform now offers an array of automation features and tools, along with online support and guidance to help advisors efficiently complete tasks and resolve questions or operational issues. The platform enhancements enable advisors and their more...
9/20/16 8:30 am PDT
Schwab Advisor Services today announced availability of a robust suite of resources and tools to help independent financial advisors develop, strengthen and maintain their cybersecurity defense. The program includes information to help advisors stay up-to-date on cyber-attack trends, regulatory developments and best practices for educating employees and clients on keeping data secure. As part of its offer, Schwab also developed action-oriented more...
9/15/16 5:45 am PDT
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of August 2016 include: Net new assets brought to the company by new and existing clients in August 2016 totaled $10.4 billion. Total client assets were a record $2.71 trillion as of month-end August, up 10% from August 2015 and up from $2.70 trillion in July 2016. New brokerage more...
9/8/16 5:00 am PDT
Both individual investors and Registered Investment Advisors (RIAs) say ETFs have positively changed the way they invest and both groups plan to increase investments in these products in the years to come, according to the newest installment of the annual ETF Investor Study by Charles Schwab & Co., Inc. (“Schwab”). The survey, which explores the attitudes and behaviors of individual ETF investors, also explores the perspective of RIAs for more...
8/25/16 5:00 am PDT
Charles Schwab Investment Management (CSIM), a leader in both target date funds (TDFs) and exchange-traded funds (ETFs), announced today the launch of Schwab Target Index Funds – a new series of index-based target date mutual funds constructed with low-cost Schwab ETFs™ as underlying investments. The new funds are the lowest-cost target date mutual funds available to employer-sponsored retirement plans, with an across-the-board expense more...
8/12/16 5:45 am PDT
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of July 2016 include: Net new assets brought to the company by new and existing clients in July 2016 totaled $9.0 billion. Total client assets were a record $2.70 trillion as of month-end July, up 5% from July 2015 and up 3% compared to June 2016. Average interest-earning assets on the company more...
8/10/16 6:00 am PDT
A new survey from Schwab Retirement Plan Services, Inc. finds that saving enough money for a comfortable retirement is the most common financial stress inducer for people of all ages. The survey also reveals that most people view the 401(k) as a “must-have” workplace benefit and believe they would benefit from professional saving, investment and financial guidance. The nationwide survey of 1,000 401(k) plan participants finds that more...
7/21/16 2:56 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 August 26, 2016 to stockholders of record as of the close of business on August 12, 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, in more...
7/18/16 5:45 am PDT
The Charles Schwab Corporation announced today that its net income for the second quarter of 2016 was $452 million, up 10% from $412 million for the first quarter of 2016, and up 28% from $353 million for the second quarter of 2015. Net income for the six months ended June 30, 2016 was $864 million, up 32% from the year-earlier period. The company’s financial results for the second quarter and first six months of both 2016 and 2015 include certain non- more...
7/15/16 5:30 am PDT
Independent financial advisory firms reported that they have maintained a ten-year growth trajectory despite numerous and varied investment environments, according to results from Schwab’s 2016 RIA Benchmarking Study (Study). The Study underscores the critical importance of the advisor/client relationship as the bedrock of firms’ strength and resilience, and as a driver of growth. The data also reveals that stable client relationships coupled more...
7/13/16 6:00 am PDT
Schwab Charitable™, one of the largest national providers of donor-advised funds and other philanthropic services, reported $1.2 billion in grants by its donors to more than 56,000 charities in fiscal year 20161. The largest number of individual grants went to organizations focused on health and human services, religion and education. This is the second year in a row that grants have topped $1 billion and represents a 12% increase over the prior more...
7/11/16 8:30 am PDT
Schwab Intelligent Technologies today announced that portfolio rebalancing provider Morningstar Total Rebalance Expert (TRX) and client portal provider ModestSpark will participate in Schwab OpenView Gateway, the flexible, open-architecture technology platform that enables integration between Charles Schwab custody and Schwab Performance Technologies® (SPT) portfolio management systems and select technology providers that support independent more...
7/8/16 5:45 am PDT
The Charles Schwab Corporation announced today that it has scheduled an Interim Business Update for institutional investors on Friday, July 22nd. 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...
6/16/16 9:40 am PDT
Schwab Advisor Services today announced the launch of a national advertising campaign to advocate for independent financial advisors and raise awareness of the benefits of independent advice among high net worth investors. Underscoring Schwab’s longstanding commitment to independent advisors, the creative campaign features Schwab advisor clients, positioned alongside the Charles Schwab brand. The integrated print and digital campaign was previewed more...
6/16/16 9:40 am PDT
Speaking at Schwab’s annual EXPLORE™ conference today, Bernie Clark, executive vice president and head of Schwab Advisor Services, applauded advisors for continuing to adapt in an industry undergoing immense change, while also maintaining their focus on a “fixed purpose” of helping investors achieve financial independence. Before an audience of more than 160 independent financial advisors representing some of the largest registered investment advisory more...
6/16/16 9:40 am PDT
Schwab Advisor Services has released findings from its 19th semi-annual Independent Advisor Outlook Study (IAOS), which reflects the opinions of 930 advisors at independent investment advisory firms that custody with Schwab. The study results, representing more than $300 billion in assets under management, were announced today to a group of advisors during Schwab’s annual EXPLORE conference. Complete findings are available for download here more...
6/14/16 5:45 am PDT
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of May 2016 include: Net new assets brought to the company by new and existing clients in May 2016 totaled $16.0 billion. Total client assets were a record $2.61 trillion as of month-end May, up 1% from May 2015 and up 1% compared to April 2016. Client assets receiving ongoing advisory more...
6/7/16 6:00 am PDT
Schwab Stock Plan Services, a leading provider of equity compensation plans, today announced a series of initiatives to help employees who receive equity compensation monitor and manage their awards anytime, anywhere. Enhanced Mobile App An enhanced mobile app is available for all platforms (iPhone®, iPad®, Android™ and Kindle)* and provides detailed account summary and balance information along with the ability more...
5/23/16 6:30 am PDT
Thousands of Schwab employees and executives today will begin Schwab’s 13th annual volunteer event by rolling up their sleeves to help local and national charities in approximately 160 cities across the United States. This year’s Schwab Volunteer Week is expected to break last year’s record, with some 5,500 Schwab employee volunteers signed up for service projects that will benefit 300 charities coast to coast. Approximately 220 Schwab branch more...
5/19/16 8:00 am PDT
Schwab Advisor ServicesTM takes its advocacy effort to Capitol Hill today, as Jonathan Beatty, Senior Vice President of Schwab Advisor Services, and Jeff Brown, Senior Vice President and Head of Schwab’s Office of Legislative and Regulatory Affairs, meet with members of Congress to discuss regulatory issues impacting independent advisors. Schwab is joined by independent advisors for the meetings – held in conjunction with the Investment Adviser more...
5/17/16 12:58 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, 2016, to stockholders of record at the close of business on July 15, 2016. About Charles Schwab The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of more...
5/13/16 5:45 am PDT
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of April 2016 include: Net new assets brought to the company by new and existing clients in April 2016 totaled $1.3 billion, reflecting client cash disbursements during tax season. Total client assets were a record $2.58 trillion as of month-end April, up 1% from April 2015 and up 1% compared to March 2016 more...
4/21/16 3:12 pm PDT
The Board of Directors of The Charles Schwab Corporation at its meeting today declared a one cent, or 17%, increase in the quarterly cash dividend to $0.07 per common share. The dividend is payable May 27, 2016 to stockholders of record as of the close of business on May 13, 2016. Chairman Charles Schwab commented, "This increase reflects the Board's confidence in our ability to continue to deliver consistent earnings and cash flow more...
4/15/16 8:00 am PDT
Texas Tech University has announced its inaugural Financial Planning Academy, a summer program for high school students interested in learning about careers in financial planning and wealth management. Supported by a grant from the Charles Schwab Foundation, the Academy will host 100 students on the Texas Tech campus from June 12 – 17, 2016, and is designed to increase financial literacy, sharpen money management skills and generate early more...
4/15/16 5:45 am PDT
The Charles Schwab Corporation announced today that its net income for the first quarter of 2016 was $412 million, comparable to $416 million for the fourth quarter of 2015, and up 36% from $302 million for the first quarter of 2015 more...
4/14/16 7:00 am PDT
Boys & Girls Clubs of America (BGCA) and Charles Schwab Foundation have named 17-year-old Wendy Kha of Boys & Girls Clubs of San Francisco the 2016 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. The collaboration between BGCA and Charles Schwab Foundation started 13 years ago more...
4/8/16 1:30 pm PDT
The Charles Schwab Corporation announced today that it has scheduled an Interim Business Update for institutional investors on Friday, April 22nd. 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...
4/7/16 8:38 am PDT
Charles Schwab has received the highest ranking in overall satisfaction in the J.D. Power 2016 Full-Service Investor Satisfaction Study. Schwab is also currently ranked highest in the J.D. Power U.S. Self-Directed Investor Satisfaction Study, reflecting the firm’s breadth of capabilities across the range of investor preferences. “Whether investors are looking for full-service wealth management and investing, a self-directed model, or more...
3/23/16 6:00 am PDT
Charles Schwab Investment Management, Inc., the asset management arm of The Charles Schwab Corporation, announced today that one of its seven sub-advised Laudus mutual funds has received a Best-In-Class Lipper Fund Award. The annual Lipper Fund Awards recognize funds and fund management firms for their consistently strong, risk-adjusted three-, five-, and ten-year performance relative to their peers. The Laudus Mondrian more...
3/22/16 8:00 am PDT
Nearly half of U.S. investors take advantage of tax season to address their broader wealth and financial situation, according to a recent Charles Schwab survey of more than 1,000 investors. Forty-six percent of investors surveyed approach tax time with their total financial situation in mind, and 40 percent say they review their overall financial plan coincident with tax preparation. Many investors approach tax planning and financial more...
3/14/16 5:45 am PDT
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of February 2016 include: Net new assets brought to the company by new and existing clients in February 2016 totaled $10.9 billion. Total client assets were $2.43 trillion as of month-end February, down 4% from February 2015 and flat compared to January 2016. New brokerage accounts totaled 84, more...
2/19/16 10:40 am PST
The Charles Schwab Corporation announced that it has been selected as one of Fortune's top 50 World's Most Admired Companies for 2016, and was ranked #1 for innovation and social responsibility in the Securities and Asset Management category of the list where it ranked #2 overall. “We are honored to have been chosen as one of the 50 Most Admired Companies in the world and a leading firm in our industry again this year,” commented more...
2/18/16 5:30 am PST
Charles Schwab has unveiled The Schwab ETF OneSource 2016 ETF Industry Outlook, an interactive microsite that explores the ETF topics and trends that will be most important to investors and advisors in the year ahead. “So many investors now view ETFs as the foundational component of a well-diversified investment portfolio. On average, investors already using ETFs are now allocating one-fifth of their total portfolios to these more...
2/12/16 5:45 am PST
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of January 2016 include: Net new assets brought to the company by new and existing clients in January 2016 totaled $8.1 billion. Total client assets were $2.43 trillion as of month-end January, down 1% from January 2015 and down 3% compared to December 2015. Average interest-earning assets on more...
1/28/16 3:35 pm PST
The Board of Directors of The Charles Schwab Corporation has declared a regular quarterly cash dividend of $0.06 per common share. The dividend is payable February 26, 2016 to stockholders of record as of the close of business on February 12, 2016. 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, in the amount more...
1/26/16 1:15 pm PST
The Charles Schwab Corporation announced today that it has scheduled a Business Update for institutional investors on Tuesday, February 9, 2016. This Update is designed to help the investment community keep abreast of recent developments and management’s strategic focus. The program is scheduled to run from approximately 8:30 a.m. - 12:00 p.m. PT, 11:30 a.m. - 3:00 p.m. ET. Participants will include members of the company’s executive management more...
1/26/16 6:00 am PST
Schwab Charitable, one of the nation’s largest donor-advised fund providers, distributed over $1 billion in charitable grants on behalf of its donors in 2015. This represents a 15% increase over the prior calendar year. Over 58,000 charities received grants, and Feeding America, Doctors without Borders, Red Cross and The Salvation Army were among those most widely supported. “We are so thankful that our donors continued to give more...
1/19/16 5:45 am PST
The Charles Schwab Corporation announced today that its net income for the fourth quarter of 2015 was $416 million, up 11% from $376 million for the third quarter of 2015, and up 19% from $350 million for the fourth quarter of 2014. Net income for the twelve months ended December 31, 2015 was $1.4 billion, up 10% from the year-earlier period. The company’s financial results for the fourth quarter and full-year 2015 include certain non-recurring items; more...
1/13/16 8:30 am PST
The Museum of American Finance honored Charles R. Schwab, at its annual gala on January 12, 2016. This was the museum’s inauguration of its Financial Innovation Award, recognizing individuals who have introduced new markets or new financial instruments to the financial system. Announcing the award, the museum said of Mr. Schwab: “Often credited with ‘democratizing’ investing, Mr. Schwab has driven countless more...

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