Press Releases

10/16/14 8:00 am PDT
Schwab Advisor Services announced today the final keynote speaker lineup for IMPACT® 2014, one of the nation’s largest and longest-running annual gatherings of independent registered investment advisors (RIAs). Schwab also announced that, for the first time in the conference’s history, Schwab will broadcast opening remarks by Bernie Clark, executive vice president and head of Schwab Advisor Services, live via webcast from the event in more...
10/15/14 5:45 am PDT
The Charles Schwab Corporation announced today that its net income for the third quarter of 2014 was $321 million, comparable to $324 million in the second quarter of 2014, and up 11% from $290 million for the third quarter of 2013. Net income for the nine months ended September 30, 2014 was $971 million, up 29% from the year-earlier period. The company’s financial results for the third quarter and first nine months of 2014 include two nonrecurring more...
10/13/14 1:30 pm PDT
The Charles Schwab Corporation announced today that it has scheduled an Interim Business Update for institutional investors on Monday, October 27th. 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 more...
10/7/14 5:00 am PDT
More than half of independent registered investment advisor (RIA) (53%) staff view technology as a front office function – a key strategy for delivering a high-quality client experience, while building scale and differentiation for the firm – according to results of a survey of registrants at Schwab Advisor Services’ SOLUTIONS® workshops this past summer. In the survey, representing responses from more than 1,000 RIA firm staff, Schwab sought more...
10/1/14 10:00 am PDT
This morning, Charles Schwab & Co., Inc., is celebrating the grand opening of its new Colorado campus in Lone Tree, Colorado. A total of approximately 1,900 Denver-area Schwab employees will move into the 650,000-square-foot, 47-acre campus in staged phases over the next year and a half, enabling the company to consolidate the majority of its Colorado operations in one facility, which is located at 9800 Schwab Way (at the corner of more...
9/24/14 8:00 am PDT
Schwab Advisor Services released the results from a first-of-its kind survey today examining the career paths of independent registered investment advisors (RIAs) and the attributes of the profession that attract talent into its ranks. Advisors in the study indicate being drawn to the industry by: opportunities for relationship-based client interactions, the ability to directly contribute to the growth of their firm, and the potential for more...
9/18/14 12:00 pm PDT
Charles Schwab announced it has added more than 60 additional ETFs to Schwab ETF OneSourceTM, giving investors and their advisors unparalleled choice through the program that offers them the most commission-free ETFs*. With seven new firms joining the original roster of six ETF providers, beginning today, investors can trade 182 ETFs covering 65 Morningstar Categories for $0 online trade commissions at Schwab with no early redemption fees or more...
9/17/14 8:00 am PDT
According to new independent registered investment advisor (RIA) compensation data from Schwab Advisor Services, there are three major tenets to attracting and retaining quality employees across all levels at RIA firms: aligning compensation plans with business strategies, incorporating more than just base salary into compensation plans, and creating a path to equity partnership for key employees. Compensation accounts for approximately more...
9/15/14 5:45 am PDT
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of August 2014 include: Net new assets brought to the company by new and existing clients in August 2014 totaled $8.5 billion. Total client assets were a record $2.45 trillion as of month-end August, up 18% from August 2013 and up 3% compared to July 2014. Clients’ daily average more...
9/8/14 6:00 am PDT
Charles Schwab Investment Management, Inc. (CSIM) announced today that it will expand its index mutual fund lineup with the launch of the Schwab Fundamental Global Real Estate Index Fund (SFREX). The new fund is the only U.S.-based real estate fund to apply the Russell Fundamental Index® Series to a broad-based, global portfolio of real estate securities. Managed by CSIM, the Schwab Fundamental Global Real Estate Index Fund will more...
9/3/14 11:00 am PDT
According to research conducted by Schwab Advisor Services on merger and acquisition (M&A) transactions1 in the independent registered investment advisor (RIA) industry, the first half of 2014 experienced a continued healthy pace of activity, with 29 completed deals totaling $32.6 billion in assets under management (AUM). Transaction activity picked up in the second quarter of 2014, with deal flow increasing from the first quarter. Sixteen more...
8/19/14 6:00 am PDT
A new survey finds there is widespread recognition of the 401(k)’s importance, but many workers are not taking full advantage of its benefits. The nationwide survey of 1,000 401(k) plan participants, commissioned by Schwab Retirement Plan Services, finds that a 401(k) plan is considered a crucial benefit by an overwhelming majority. When asked which benefits are “must haves” aside from health insurance, nearly nine in ten more...
8/14/14 5:45 am PDT
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of July 2014 include: Net new assets brought to the company by new and existing clients in July 2014 totaled $15.9 billion. July 2014 net new assets included a $2.4 billion inflow related to a mutual fund clearing services client. Total client assets were $2.38 trillion as of month-end July, up 12 more...
7/29/14 6:00 am PDT
With stocks continuing to hover around record territory, a significant number of investors remain bullish on the second half of 2014, according to the latest client sentiment findings from Charles Schwab, one of the largest full-service investment services firms with more than $2.4 trillion in client assets. Nearly half (46 percent) of Schwab clients surveyed say they’re “bullish” as they look ahead to the second half of 2014, up two more...
7/24/14 2:12 pm PDT
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 August 22, 2014 to stockholders of record August 8, 2014. The Board of Directors of The Charles Schwab Corporation has also declared a regular quarterly dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of $15.00 per share or $0. more...
7/22/14 8:30 am PDT
As part of its ongoing work to integrate with leading platforms serving independent registered investment advisors (RIAs), Schwab Intelligent Technologies™ announced today that Morningstar, Inc., a leading provider of independent investment research, will participate in Schwab OpenView GatewayTM, the flexible, open-architecture technology platform, enabling integration between Schwab systems and those of participating technology providers. The more...
7/22/14 5:30 am PDT
Charles Schwab will host a live, streaming education seminar for traders on Thursday, July 24, 2014. Part of its popular series of virtual educational events, the online workshops are open to all traders whether or not they are Schwab clients. Anyone interested in participating in this free event can visit www.schwab.com/VirtualTradingEvent to register. The educational workshops include: 5:00 – 6:00 p.m. ET: “Market more...
7/17/14 6:00 am PDT
Charles Schwab today launched a new Trading Insights hub on schwab.com, giving traders easy access to an on-demand educational experience to help them develop their skills and avoid common missteps. A broad range of articles and videos curated from Schwab’s team of trading professionals are available on the hub, along with materials from the robust, client-facing Trading Services Learning Center. This new content resource also includes video more...
7/16/14 5:45 am PDT
The Charles Schwab Corporation announced today that its net income for the second quarter of 2014 was $324 million, comparable to $326 million for the first quarter of 2014, and up 27% from $256 million for the second quarter of 2013. Net income for the six months ended June 30, 2014 was $650 million, up 41% from the year-earlier period.  Three Months Ended   Six Months Ended    --June 30,-- % --June 30,-- % more...
7/15/14 6:00 am PDT
Schwab Charitable, one of the nation's leading donor-advised fund organizations, reports continuing rapid growth in grants during its fiscal year 2014. Between July 1, 2013 and June 30, 2014, individuals granted out $822 million to more than 34,500 charities of their choice, an increase of 38% from the prior fiscal year. This rapid growth comes on the heels of a 10% increase in grants for fiscal year 2013. “Our donors have absorbed the more...
7/11/14 5:45 am PDT
The Charles Schwab Corporation announced today that it has scheduled a Business Update for institutional investors on Friday, July 25, 2014. 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. - 12:45 p.m. PT, 11:30 a.m. - 3:45 p.m. ET. Participants will include members of the company’s executive management more...
7/10/14 5:00 am PDT
According to the results from the 2014 RIA Benchmarking Study by Charles Schwab, independent registered investment advisors (RIAs) have achieved record growth and the highest profitability of any year since the inception of the Study in 2006. While market performance has played an ongoing role in the growth of assets under management (AUM), an increasingly important proportion of RIA firm success is being driven by steady organic growth more...
7/9/14 7:00 am PDT
A recent study conducted by AARP Foundation and Charles Schwab Foundation followed the changes in financial behavior of individuals who participated in workshops delivered by community-based organizations using the AARP Foundation Finances 50+℠ curriculum. The study, which evaluated participants’ behavior before, three months after and six months after the program, suggests the workshops made a positive impact on various aspects of individuals’ more...
6/27/14 10:02 am PDT
Windhaven Investment Management, Inc., a leading investment advisory firm and a subsidiary of the Charles Schwab Corporation, today announced that it has appointed Liz Ann Sonders as a member of its investment management team and Chair of its Investment Committee, effective today. Ms. Sonders has been an active member of the Windhaven Advisory board since shortly after Schwab’s acquisition of Windhaven three years ago and also serves as Chief more...
6/26/14 5:00 am PDT
Charles Schwab: 66% of investors say there is room for more ETFs on the market today 71% are confident in their ability to pick an ETF that’s right for them, yet nearly 40% still want a better understanding of how to choose and use the products Investors’ understanding of ETFs is improving: 40% of investors say they know more now than a year ago 40% of investors today more...
6/19/14 5:45 am PDT
Charles Schwab Advisor Services released results of its 15th semi-annual Independent Advisor Outlook Study (IAOS) today at its annual EXPLORE® conference. Bernie Clark, executive vice president and head of Schwab Advisor Services, cited IAOS findings as he spoke with an audience of more than 160 independent registered investment advisors (RIAs) about the significant opportunity for growth over the next decade, as the next more...
6/19/14 5:45 am PDT
Addressing a gathering of more than 160 independent registered investment advisors (RIAs) at its annual EXPLORE® conference today, Bernie Clark, executive vice president and head of Schwab Advisor Services, revealed new Schwab research on “Generation Now” - affluent individuals between the ages of 30 and 45 who are following on the heels of advisors’ current pre-retired or retired clients. Schwab believes these affluent investors, who more...
6/17/14 5:45 am PDT
Top researchers associated with Giving USA 2014 shared highlights of the newly released report on American philanthropy at an event hosted by Schwab Charitable in San Francisco. The annual report by Giving USA Foundation shows gifts to charity from American individuals rose again in 2013 over 2012 levels. Amid this growth, national donor-advised funds continued to play a growing role in facilitating simple, tax-smart charitable giving more...
6/13/14 5:45 am PDT
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of May 2014 include: Net new assets brought to the company by new and existing clients in May 2014 totaled $10.9 billion. Total client assets were a record $2.35 trillion as of month-end May, up 12% from May 2013 and up 2% compared to April 2014. Clients’ daily average trades were more...
6/12/14 8:00 am PDT
Bernie Clark, executive vice president and head of Schwab Advisor Services, along with Jeff Brown, senior vice president and acting general counsel of The Charles Schwab Corporation will be attending the annual Investment Adviser Association (IAA) Lobby Day today and will meet with key legislators following the IAA’s briefing luncheon. Clark and Brown will be joined at the meetings by two advisors and will discuss regulatory more...
6/9/14 6:00 am PDT
Charles Schwab today announced that it has renewed its licensing agreement with global action campaign Girl Rising to screen their award-winning documentary at branches and other local venues across the country for the benefit of clients, Schwab employees and their families. In 2013, Schwab hosted more than 100 screenings of the film, and the new agreement runs through the end of 2014. Girl Rising, directed by Oscar-nominated director  more...
6/5/14 7:35 am PDT
Charles Schwab, one of the largest full-service investment services firms with more than $2.3 trillion in client assets, announced it has reached an important threshold with half of its total client assets now enrolled in an ongoing advisory relationship through its Investor Services businesses and the 7,000 independent Registered Investment Advisors (RIAs) it serves through Schwab Advisor Services. “We take pride in the role Schwab more...
6/2/14 8:30 am PDT
Schwab Advisor Services today announced a new national advertising campaign focused on celebrating independence, which will run in trade publications, in online banner ads and on social media channels beginning this month. The new campaign kicks off with a print ad featuring The Charles Schwab Corporation’s Founder and Chairman Charles ”Chuck” Schwab commending the independent advice model and underscoring Schwab’s continuing, industry-leading more...
5/28/14 8:00 am PDT
Charles Schwab, a full-service investment services firm, has opened the doors to a new retail branch location in Lone Tree, Colo. Located at the new Schwab campus being developed in the RidgeGate community at 9899 Schwab Way, it is one of Schwab’s four branch offices in the Denver area and offers access to a full range of investing and personal finance guidance, services and products. The branch, formerly located at the Denver more...
5/23/14 5:30 am PDT
Charles Schwab will host a live, streaming education seminar for traders on Wednesday, May 28, 2014. Part of its popular series of virtual educational events, the online workshops are open to all traders whether or not they are Schwab clients. Schwab’s team of Trading Services professionals will share insights on the current market environment and will offer help for traders interested in learning more about how to develop a trading more...
5/22/14 11:30 am PDT
Describing index investing as passive does a disservice to individual investors, says Charles Schwab, founder and chairman of The Charles Schwab Corporation, in his opening letter for a new report that helps individual investors better understand index investing and its role in wealth accumulation. Authored by the Schwab Center for Financial Research, The Wealth-Building Power of Equities and the Elegance of Indexing makes the more...
5/19/14 6:00 am PDT
The Charles Schwab Corporation’s 11th annual Schwab Volunteer Week begins today in 102 cities across the U.S., during which thousands of Schwab employees and executives team up to help local charities. This year’s event has a record number of participants, with more than 3,700 Schwabbies donating approximately 15,000 service hours to 258 projects benefiting nearly 200 charities. Approximately 100 Schwab branch offices around the country are also more...
5/15/14 1:11 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, 2014, to stockholders of record at the close of business on July 17, 2014. About Charles Schwab The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of more...
5/14/14 10:00 am PDT
Schwab’s Trading Services professionals will answer questions, offer trading insights and share their market perspective during Schwab Live on Tuesday, May 20, 2014. Traders, whether or not they are Schwab clients, can ask questions that are top of mind and receive responses in real time. Participants can submit their questions at Schwab.com/Live, via interactive banners that are hosted on several financial media websites or via Twitter. The more...
5/14/14 5:45 am PDT
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of April 2014 include: Net new assets brought to the company by new and existing clients in April 2014 totaled $0.3 billion, reflecting client cash disbursements during tax season. Total client assets were $2.31 trillion as of month-end April, up 10% from April 2013 and flat compared to March more...
4/30/14 7:00 am PDT
Boys & Girls Clubs of America (BGCA) and Charles Schwab Foundation have named Aisha Barrows of Boys & Girls Clubs of Metro Denver the seventh annual National Ambassador for the successful Money Matters: Make it CountSM financial education program. The National Ambassador serves as an advocate for the program and is charged with promoting education as the basis for lifelong financial health and well-being to teens across the country more...
4/23/14 1:16 pm PDT
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 May 23, 2014 to stockholders of record as of the close of business on May 9, 2014. The Board of Directors of The Charles Schwab Corporation has also declared a regular quarterly dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of more...
4/16/14 10:00 am PDT
To meet increasing demand for target date funds in large retirement plans, Charles Schwab Bank (“Schwab Bank”) is introducing a new unit class for its Schwab Managed Retirement Trust Funds™ (“SMRT Funds”) with a lower 0.35 percent operating expense ratio. The SMRT Funds are collective trust funds offered exclusively to qualified retirement plans. Beginning July 1, 2014, the new unit class will be available to retirement plans with $300 million more...
4/15/14 5:45 am PDT
The Charles Schwab Corporation announced today that its net income for the first quarter of 2014 was $326 million, up 2% from $319 million for the fourth quarter of 2013, and up 58% from $206 million for the first quarter of 2013.   Three Months Ended   --March 31 more...
4/10/14 1:15 pm PDT
The Charles Schwab Corporation announced today that it has scheduled an Interim Business Update for institutional investors on Thursday, April 24th. 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 more...
4/8/14 6:00 am PDT
Charles Schwab & Co., Inc. today released the results of its “Money Myths” survey of Americans age 30-79, which revealed many common money misconceptions as well as a prevailing sense of overconfidence and unfounded optimism about planning for finances after the age of 50. While a majority of survey respondents (52 percent) identified themselves as very or extremely savvy about personal finance, this population was more likely to more...
4/3/14 6:45 am PDT
Charles Schwab Corporation Chairman Charles Schwab and President and CEO Walt Bettinger posted the following statement on high-frequency trading at: http://www.aboutschwab.com/press/issues/ High-frequency trading is a growing cancer that needs to be addressed Schwab serves millions of investors and has been observing the development of high-frequency trading practices over the last few years with great concern. As we noted in more...
4/2/14 9:00 am PDT
Charles Schwab Bank has made a $10,000 matching grant donation to the Nevada College Kick Start Program through the 1:1 Fund, which allows donors to make contributions to children’s savings programs. Donations, including Schwab Bank’s gift, will be used to provide $50 matching grants to families from schools serving low-income communities. The grant from Schwab Bank will enable Nevada’s College Kick Start Program to match the contributions of more...
3/28/14 6:00 am PDT
Approximately 28 percent of traders say they are confident that the five-year old bull market will continue for another three to six months, while an additional 25 percent of traders believe it will last through the end of 2014, according to new data captured in Charles Schwab’s most recent Trading Services Sentiment Survey from March 2014. Some 42 percent of those surveyed believe that the bull market will end at some point in 2015 or later, more...
3/17/14 6:00 am PDT
Charles Schwab is hosting the next installment of its popular series of virtual education events for traders on Wednesday, March 19, 2014. The event is open to all traders whether or not they are Schwab clients. Led by professionals on Schwab’s Trading Services team, the online streaming workshops are designed to help traders navigate today’s markets, manage risk and make more informed trading decisions. Anyone interested in more...

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