Press Releases

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...
1/4/16 6:00 am PST
Charles Schwab announced today it is adding two new providers – Deutsche Asset Management and John Hancock Investments – and 14 new ETFs to Schwab ETF OneSource™, the program that offers investors and advisors the most commission-free1 ETFs anywhere in the industry. With this latest expansion, the program is broadening investor access in several high-demand categories, including strategic beta and currency-hedged ETFs. Launched more...
12/16/15 6:00 am PST
Charles Schwab Investment Management, Inc. (CSIM) announced today that there will be no capital gains distributions in 2015 by any of the 21 exchange-traded funds (ETFs) in the Schwab ETFs™ family for the sixth consecutive year. “Many investors are attracted to the tax efficiency that ETFs provide, so we’re proud that Schwab ETFs have been able to meet this demand with no distributed capital gains since the first Schwab ETFs launched in more...
12/14/15 5:45 am PST
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of November 2015 include: Net new assets brought to the company by new and existing clients in November 2015 totaled $17.2 billion. November 2015 net new assets included a $10.2 billion inflow related to a mutual fund clearing services client. Total client assets were $2.55 trillion as of month-end more...
12/9/15 11:39 am 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, 2016, to stockholders of record at the close of business on January 15, 2016. About Charles Schwab The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of more...
11/19/15 6:00 am PST
A new survey finds that Millennials, more than any other group, may not be saving enough for retirement because they are unwilling to sacrifice things that add to their current quality of life – and because many are also burdened by student loan debt. The nationwide survey of 1,000 401(k) plan participants, commissioned by Schwab Retirement Plan Services, Inc. identifies key differences in both attitudes and behaviors of Millennials ( more...
11/17/15 6:00 am PST
A new survey from Compliance Solutions at Charles Schwab finds the role of the compliance officer is evolving and growing in scope across corporate America. Among those compliance professionals surveyed, 80 percent feel their role is valued within their firm and nearly two-thirds (62%) believe they have influence over corporate decisions. The survey also reveals a need for more tools designed to help compliance officers do their jobs more more...
11/16/15 7:00 am PST
Beginning today, investors can invest in most1 mutual funds available on Mutual Fund OneSource® – Schwab’s no-transaction-fee mutual fund platform – for as little as $100 in initial investments in brokerage, IRA and custodial accounts. This new low minimum for brokerage accounts is a significant drop from $2,500. Additionally, investors will be able to make subsequent investments in established accounts for all funds available in Mutual Fund more...
11/13/15 5:45 am PST
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of October 2015 include: Net new assets brought to the company by new and existing clients in October 2015 totaled $10.5 billion. Total client assets were $2.54 trillion as of month-end October, up 4% from October 2014 and up 5% compared to September 2015. New brokerage accounts totaled 88,000 more...
11/12/15 10:00 am PST
A majority of independent registered investment advisors (RIAs) are projecting firm growth in the year ahead, according to the results of the latest Independent Advisor Outlook Study (IAOS) from Schwab Advisor Services. The study - released today at Schwab’s annual IMPACT® conference - reflects responses from 638 RIAs, representing $209 billion in assets under management (AUM) custodied with Schwab, and reveals widespread optimism against the more...
11/12/15 5:30 am PST
Charles Schwab Advisor Services announced today the recipients of the 10th annual IMPACT Awards® for independent registered investment advisor (RIA) and retirement firms. Four firms received their awards on the mainstage this morning at Schwab IMPACT®, the nation’s largest and longest-running annual gathering of RIA firms. The winning firms for 2015 are: Savant Capital Management, for the Best-in-Business more...
11/11/15 5:30 am PST
Speaking today to more than 4,500 attendees at IMPACT® 2015 – the largest and longest-running annual gathering of independent registered investment advisors (RIAs) – Bernie Clark, executive vice president of Schwab Advisor Services, recognized and celebrated the tremendous growth and success of the independent registered investment advisor (RIA) industry over the past decade, while pointing to an unprecedented $23 trillion opportunity1 more...
11/10/15 10:00 am PST
As part of its continuing effort to help independent registered investment advisors (RIAs) attract and retain the talent they’ll need to navigate industry changes on the horizon and build thriving firms that will successfully serve a new kind of investor, Schwab Advisor Services announced today the availability of the RIA Talent Advantage™ Recruitment Playbook. The comprehensive resource was unveiled today and offered to advisors at a pre- more...
11/9/15 7:00 am PST
November is Military Veterans’ Month at Schwab, a time for the company to celebrate its existing network of military veterans and their families, and to further raise awareness of the value of hiring and supporting veterans. Schwab remains committed not only to recruiting veterans, but also earning their loyalty by creating a workplace that leverages their unique skills and supports their career growth. Through the grassroots efforts of the more...
11/5/15 6:00 am PST
Schwab Charitable, one of the nation’s largest donor-advised fund providers, announced two significant enhancements that make it easier for donors to contribute tax-efficient complex assets and support international causes. These charitable activities have traditionally been time-consuming and expensive for donors and charities, requiring them to navigate multiple legal and tax advisors and regulations. To make these processes easier, more more...
10/29/15 2:30 am PDT
Charles Schwab Advisor Services announced today that IMPACT® 2015, the nation’s largest and longest-running annual gathering of independent registered investment advisors (RIAs), features one of the most robust content programs in the 25-year history of the conference. Designed to provide advisors with a combination of forward-looking insights and practical learning opportunities, the agenda for 2015 includes a diverse range of presenters, more...
10/22/15 3:30 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 November 20, 2015 to stockholders of record as of the close of business on November 6, 2015. 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...
10/15/15 5:45 am PDT
The Charles Schwab Corporation announced today that its net income for the third quarter of 2015 was $376 million, up 7% from $353 million for the second quarter of 2015, and up 17% from $321 million for the third quarter of 2014. Net income for the nine months ended September 30, 2015 was $1.0 billion, up 6% from the year-earlier period. The company’s financial results for the third quarter and first nine months of both 2015 and 2014 include certain more...
10/14/15 8:00 am PDT
Schwab Retirement Plan Services, Inc., a national 401(k) service provider to approximately 1.3 million workers saving through company retirement plans, is announcing advisor managed accounts for 401(k) plans. Retirement plan consultants who are registered investment advisors will now be able to build and manage customized investment portfolios for the plans they support, integrating recordkeeping services from Schwab Retirement Plan Services and more...
10/13/15 1:15 pm PDT
The Charles Schwab Corporation announced today that it has scheduled an Interim Business Update for institutional investors on Tuesday, 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...
10/9/15 5:00 am PDT
Charles Schwab Investment Management today announced planned changes to its money market fund line-up. To address new SEC regulations, all Schwab Prime and Municipal Money Market Funds plan to qualify as retail money market funds by October 14, 2016. As such, these funds will continue to seek to maintain a constant net asset value (NAV) of $1.00 per share, and will be subject to potential liquidity fees and redemption gates in times of more...
10/8/15 5:30 am PDT
Investors see the current environment as a good time to invest despite concerns about the strength of the U.S. stock market says a new survey of more than 1,000 investors-at-large and 300 active traders conducted by Charles Schwab in the first five days following the September Fed meeting. Fifty-eight percent of investors and 82 percent of active traders surveyed say now is a good time to invest in the U.S. equities market. That more...
10/7/15 6:00 am PDT
Schwab Charitable, one of the nation’s largest donor-advised fund providers, released its first Annual Giving Report on client experiences and donor activity today. In fiscal year 2015, over $1 billion in grants were made to more than 42,000 charities, reflecting a 29% increase in the number of grants compared to the prior fiscal year1. The most widely supported charities included local food banks in the Feeding America network, Doctors more...
10/1/15 5:00 am PDT
Schwab announced today it is adding five new ETFs to Schwab ETF OneSource™, the program that offers investors and advisors the most commission-free* ETFs anywhere in the industry. All five of the new additions are currency-hedged ETFs, and come at a time when monetary policy and currency fluctuations around the world are garnering substantial attention and assets in the category are growing at a rapid pace. Schwab ETF OneSource more...
9/30/15 5:00 am PDT
ETFs are becoming an increasingly important part of investors’ portfolios, according to a new study by Schwab. On average, investors already using ETFs are now allocating one-fifth (21 percent) of their total portfolios to ETFs, up five percentage points from 16 percent in 2012. Moreover, these investors expect that number to jump to 25 percent in the next five years, and one-third (34 percent) say ETFs will form the core of their investment more...

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