Press Releases

2/15/18 6:00 am PST
A new survey from Schwab Stock Plan Services reveals that employees who participate in equity compensation plans see the long-term value of the benefit but are afraid of making a mistake when exercising employee stock options or selling shares. More than one-third of participants (36%) say equity compensation is the reason or one of the main reasons they took their job. According to the nationwide survey of 1,000 equity compensation more...
2/14/18 5:45 am PST
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of January 2018 include: Core net new assets brought to the company by new and existing clients in January 2018 totaled $18.7 billion, which excludes an outflow of $7.2 billion from a mutual fund clearing services client. Net new assets excluding all mutual fund clearing flows totaled $17.7 billion more...
1/31/18 8:30 am PST
Charles Schwab today released its latest retail client behavior and sentiment report covering the second half of 2017. Key highlights from the “Schwab Wealth Management Monitor” include: Schwab retail clients overall were net buyers during the second half of 2017. Average cash allocation across all retail clients decreased to 18.5% (from 21.1% a year ago). Nearly 60% of more...
1/25/18 2:24 pm PST
Chairman of the Board, Charles R. Schwab commented today, “With the global economy already on a positive path, the recent tax reform enacted by Congress and signed into law in late 2017 provided new fuel for economic growth in 2018 and we expect it to be a stimulus for the market as investors anticipate the positive impact tax reductions will have on U.S. businesses. As just one example, our firm will see a reduction in its tax obligation of more...
1/23/18 5:00 am PST
Schwab CharitableTM, one of the largest national providers of donor-advised funds and other philanthropic services, facilitated more than $1.6 billion in grants to 71,000 charities in 2017. Schwab Charitable donors recommended approximately 368,000 grants, up 35% from 2016. The new federal tax legislation and strong market performance helped make 2017 a truly historic year for charitable giving. Over 70% of contributions into more...
1/22/18 8:00 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 2018, and was ranked No. 1 for innovation, use of corporate assets and social responsibility in the Securities and Asset Management category of the list, where it ranked No. 2 overall. The annual survey measures nine attributes related to corporate reputation and financial performance. “We are honored to have more...
1/17/18 5:45 am PST
The Charles Schwab Corporation announced today that its net income for the fourth quarter of 2017 was $597 million, up 14% from $522 million for the fourth quarter of 2016. Net income for the twelve months ended December 31, 2017 was nearly $2.4 billion, up 25% year-over-year. The company’s financial results for the fourth quarter and full-year 2017 were impacted by the tax reform legislation signed in December − a one-time tax expense of approximately more...
1/8/18 1:40 pm PST
The Charles Schwab Corporation (the “Company”) announced today that it will redeem all of its outstanding 1.500% Senior Notes due March 10, 2018 (the “Notes”) on February 8, 2018 (the “Redemption Date”). The redemption price will be equal to 100% of the principal amount of the Notes plus accrued and unpaid interest to, but not including, the Redemption Date. The aggregate principal amount of Notes outstanding is $625 million. more...
1/3/18 7:00 am PST
Charles Schwab announced that Schwab ETF OneSource™, one of the largest commission-free ETF programs in the industry, is adding twelve new ETFs to its lineup effective today. With these additions, investors and advisors can access 254 ETFs covering 69 Morningstar Categories with $0 online commissions, no enrollment requirements and no early redemption fees – key differentiators for investors comparing Schwab ETF OneSource to other commission- more...
12/22/17 1:20 pm PST
The Charles Schwab Corporation has posted a CFO Commentary regarding the tax reform law signed today. Peter Crawford, Executive Vice President and Chief Financial Officer, provides an overview of potential impacts to the corporation’s tax rate for 2017 and 2018 at: www.aboutschwab.com/investor-relations/cfo-commentary. About Charles Schwab The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, more...
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...

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