Press Releases
5/16/13 12:52 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, 2013, to stockholders of
record at the close of business on July 17, 2013.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of more...
5/14/13 5:45 am PDT
The Charles Schwab Corporation released its Monthly Market Activity
Report today. Company highlights for the month of April 2013 include:
Net new assets brought to the company by new and existing clients in
April 2013 totaled $22 million, reflecting client cash disbursements
during tax season. April 2013 net new assets included a $7.3 billion
outflow and a $2.6 billion inflow related to mutual fund clearing
services more...
5/6/13 8:30 am PDT
Schwab Performance Technologies (SPT) recently announced the launch of
PortfolioCenter Hosted, a new solution for independent registered
investment advisors (RIAs), giving them more choice and flexibility in
portfolio management technology. PortfolioCenter Hosted has the full
functionality of SPT’s flagship portfolio management software
PortfolioCenter, but with the added benefit of outsourcing the
technology infrastructure and management to more...
5/6/13 8:30 am PDT
Schwab Intelligent Technologies announces the launch of Schwab OpenView
MarketSquare™, a review site that compiles feedback and ratings from
independent registered investment advisors (RIAs) on some of the leading
technology vendors and products in the industry. Since announcing the
MarketSquare concept in November 2012, Schwab Intelligent Technologies
has received more than 400 reviews from advisors on more than 80
different products. For today more...
5/2/13 8:30 am PDT
The first quarter of 2013 closed with 13 completed merger and
acquisition (M&A) deals totaling $5.8 billion in assets under management
(AUM) within the independent registered investment advisor (RIA)
segment, according to industry-wide data compiled by Schwab Advisor
Services. This marks the highest number of transactions recorded in this
sector since the first quarter of last year in which 17 deals were
closed, totaling $24 billion in AUM more...
4/30/13 9:00 am PDT
Active traders are expressing renewed optimism about the U.S. stock
market, despite ongoing concerns about the economic and political
environment, according to new data from two Charles Schwab studies
released today. In Schwab’s most recent Active Trader Sentiment
Survey, 52 percent of active trader clients say they have a bullish
outlook on stocks in the next three to six months, while only 17 percent
consider themselves bearish more...
4/24/13 12:48 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 24, 2013 to stockholders of record May 10, 2013.
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 $0.375 more...
4/23/13 10:00 am PDT
Charles Schwab Investment Management, Inc. (CSIM) announced today that
three of its mutual funds received accolades from Lipper as
best-in-class over the last 10 years.
For the fifth year in a row, the Schwab California Tax-Free Bond Fund
(SWCAX) took top honors as Best Fund over 10 years out of 15 funds in
the California Intermediate Municipal Debt Funds category. The Schwab
Hedged Equity Fund (SWHEX) was named Best Fund over 10 Years more...
4/23/13 7:00 am PDT
Schwab Retirement Plan Services, a Top 10 401(k) provider* to
approximately 1.6 million workers saving through company retirement
plans, today announced the addition of Morningstar Associates, LLC
(Morningstar) as a managed account provider for Schwab
Index Advantage®, an innovative retirement plan solution
combining low fund investment expense1 with personalized
savings recommendations and investment management designed to help
workers more...
4/15/13 9:00 am PDT
The Charles Schwab Corporation has been recognized for its
employee-friendly workplace through three separate awards received this
month. In both Indianapolis and Denver, Schwab has been named to the
list of “Top Workplaces” for each city. The Top Workplace program was
developed by WorkplaceDynamics, an independent research firm, in
partnership with local publications that include The
Denver Post and Indianapolis
Star, respectively more...
4/15/13 5:45 am PDT
The Charles Schwab Corporation announced today that its net income was
$206 million for the first quarter of 2013, down 2% from $211 million
for the fourth quarter of 2012, and up 6% from $195 million for the
year-earlier quarter. These results are consistent with the outlook
expressed in the company’s press release dated March 14, 2013.
Three Months Ended more...
4/11/13 9:00 am PDT
The Charles Schwab Corporation announced today that it has scheduled an
Interim Business Update for institutional investors on Thursday, April
25, 2013. 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...
4/10/13 6:00 am PDT
For the second year in a row, Boys & Girls Club teens have shown that
hip hop beats lend themselves surprisingly well to themes about personal
finance. Blake McGuire, a 15-year-old member of the Boys & Girls Clubs
of Indianapolis, has won top honors in the second annual Money Matters
Music Mogul (M4) Contest, sponsored by Boys
& Girls Clubs of America (BGCA) and Charles
Schwab Foundation, for his memorable and upbeat rap “Money more...
4/9/13 10:00 am PDT
While retaining clients remains one of the top three most important
areas of focus for advisors when making the move to the independent
model, advisors who have been independent for less than two years say
the majority of clients stick by their side once they make the switch,
Schwab Advisor Services learned from a series of recent interviews1
with forty “sophomore year” independent registered investment advisors
(RIAs) who custody with the firm more...
3/29/13 6:00 am PDT
Charles Schwab announced today the launch of the Schwab Advisor Center
app for Android™, the latest development in mobile capabilities for
independent investment advisors that work with Schwab Advisor Services.
As of today, advisors will be able to access client account information
via all Android devices, including phones, tablets, and Kindle products.
Advisors with an Android device that utilizes OS 2.2 or higher can use
the new app more...
3/27/13 5:30 am PDT
Charles Schwab is making it even easier for investors to sharpen their
trading skills. As part of its continuing commitment to investor
education, Schwab will host a virtual education event for active traders
on Thursday, March 28, 2013. Workshops on essential trading topics such
as navigating today’s markets, stock selection and chart pattern
recognition will be streamed live and free of charge, over the internet.
“With the stock more...
3/14/13 5:45 am PDT
The Charles Schwab Corporation released its Monthly Market Activity
Report today. Company highlights for the month of February 2013 include:
Net new assets brought to the company by new and existing clients in
February 2013 totaled $18.3 billion, including an $8.1 billion inflow
related to a mutual fund clearing services client.
Total client assets were a record $2.04 trillion as of month-end
February, up more...
3/12/13 8:00 am PDT
Today Schwab Charitable, one of the nation's largest national
donor-advised funds, announced enhancements to its Global
Giving Program that will streamline and simplify international
giving for its clients. Schwab Charitable is the first national
donor-advised fund to partner with NGOsource, a new legal service that
assesses whether a foreign grantee can be considered the equivalent of a
U.S.-public charity and qualify for tax-deductible more...
3/6/13 8:30 am PST
Charles Schwab and Texas Tech University celebrated the opening last
week of the newly renovated Charles
Schwab Personal Financial Planning Technology Complex1 at
a ribbon cutting event attended by university faculty, students and
financial professionals currently studying at Texas Tech for CE credits.
Over the past several years, Schwab has contributed millions of dollars
in support to universities and has developed programs to help mentor more...
3/6/13 8:00 am PST
Despite a general sense of confidence in their financial readiness for
retirement, affluent Americans might be overlooking critical tenets of
retirement planning, according to a new Schwab survey of approximately
1,800 investors across nine major U.S. markets. More than eight in 10
(84 percent) investors say they have a retirement plan in place, and 80
percent of these respondents say they are confident about their
financial readiness for more...
2/21/13 9:00 am PST
Investors searching for core, low-cost exchange-traded funds (ETFs) to
use as the building blocks of their portfolios helped push Schwab ETFs
to a new milestone: the suite of 15 equity and fixed income ETFs reached
$10.02 billion in assets under management as of February 8, 2013.
Charles Schwab Investment Management (CSIM) reached this threshold just
slightly more than three years after launching its first proprietary
ETFs in November 2009 more...
2/21/13 5:30 am PST
Schwab Retirement Plan Services, a Top 10 401(k) provider* to
approximately 1.6 million workers saving through company retirement
plans, today announced first-year results for Schwab
Index Advantage, a one-of-a-kind 401(k) plan offer designed to lower
fund investment costs, simplify investing and help workers better
prepare for retirement.
“Last year we launched Schwab Index Advantage with the goal of stripping
out unnecessary more...
2/19/13 5:00 am PST
optionsXpress, Inc. (“optionsXpress”), a wholly-owned subsidiary of
Charles Schwab, announced today that it has replaced its tiered
commission structure for futures and futures options with new pricing of
$3.50 per contract. Clients have access to optionsXpress’ powerful,
easy-to-use trading platform and robust package of tools, education, and
support for futures trading – now at a lower cost.
“We’ve seen demand for trading futures and more...
2/14/13 5:45 am PST
The Charles Schwab Corporation released its Monthly Market Activity
Report today. Company highlights for the month of January 2013 include:
Net new assets brought to the company by new and existing clients in
January 2013 totaled $12.1 billion, including a $2.2 billion inflow
related to a mutual fund clearing services client.
Total client assets were a record $2.01 trillion as of month-end
January, up 16% more...
2/7/13 8:30 am PST
Charles Schwab announced today the launch of Schwab ETF OneSource™ — a
new ETF platform that gives investors and advisors access to the most
commission-free ETFs anywhere in the industry1.
Beginning today, Schwab clients can buy and sell 105 ETFs with $0 online
trade commissions. The offering spans major asset classes, with funds
from leading providers, including State Street SPDR® ETFs, Guggenheim
Investments, PowerShares, ETF more...
2/6/13 8:00 am PST
Investors seeking an easy-to-understand, low-cost retirement funding
option that can generate guaranteed income for life can now consider the
new Schwab Retirement Income Variable Annuity (SRIVA), Charles
Schwab announced today.
The new Schwab Retirement Income Variable Annuity, featuring an optional
guaranteed lifetime withdrawal benefit (GLWB), was developed for
investors seeking a low-cost, easy-to-understand variable annuity that more...
1/30/13 8:00 am PST
Charles Schwab today announced the launch of a new Planning
Center on Schwab.com with content and insights to help investors
begin planning for retirement, estate planning, college savings and more.
For each of these topics, the planning process is broken into manageable
steps based on an individual’s specific situation and goals, and the
Planning Center delivers straightforward strategies and actionable next
steps to help investors get more...
1/28/13 8:30 am PST
According to industry-wide independent registered investment advisor
(RIA) mergers and acquisition data compiled by Schwab Advisor Services,
2012 closed with a thirty percent increase in the total value of M&A
transactions year over year. The assets under management of the 45 deals
completed in 2012 totaled $58.8 billion versus $43.9 billion for the 57
deals in 2011.
“The independent model has become a destination of choice for both more...
1/25/13 8:00 am PST
The Charles Schwab Corporation announced today that it has scheduled a
Business Update for institutional investors on Thursday, February 7,
2013. 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...
1/24/13 1:54 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 22, 2013 to stockholders of record February 8, 2013.
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 more...
1/23/13 5:30 am PST
Charles Schwab Investment Management, Inc. announced today three new
additions to the Schwab Target Funds for the years 2045, 2050, and 2055.
Additionally, Charles Schwab Bank has added two new funds to its line-up
of collective trust funds for eligible retirement plans – the Schwab
Managed Retirement Trust Fund 2055 (SMRT 2055) and the Schwab Indexed
Retirement Trust Fund 2055 (SIRT 2055).
With these additions, Schwab now offers a full more...
1/22/13 8:00 am PST
Schwab Charitable, one of the nation’s leading national donor-advised
fund organizations, closed its 2012 giving season with a record level of
charitable contributions and new accounts as individuals and their
advisors embraced Schwab Charitable’s tax-smart, simple and accessible
approach to supporting the non-profit causes about which individuals
care most. Spurred by an uncertain tax environment amidst the fiscal
cliff debate, contributions more...
1/16/13 5:45 am PST
The Charles Schwab Corporation announced today that its net income for
the fourth quarter of 2012 was $211 million, down 15% from $247 million
for the third quarter of 2012, and up 29% from $163 million for the
fourth quarter of 2011. Net income for the twelve months ended
December 31, 2012 was $928 million, up 7% year-over-year. Schwab’s 2012
results include an after-tax gain of approximately $44 million relating
to the resolution of a vendor more...
1/15/13 5:43 pm PST
The Charles Schwab Corporation announced today that it has extended the
expiration date of its offer to exchange up to $256,405,000 aggregate
principal amount of its 3.225% Notes due 2022 (the "Old Notes") that
have not been registered under the Securities Act of 1933, as amended
(the “Securities Act”), for an equal amount of its outstanding 3.225%
Notes due 2022 that have been registered under the Securities Act (the
"New Notes"). As a result more...
1/15/13 8:30 am PST
The Charles Schwab Corporation (NYSE:SCHW): WHAT:The University of California, Irvine broke ground on the planned Charles Schwab Trading and Technology Lab, the cornerstone of a new 78,000-square-foot building to be located within the University’s Paul Merage School of Business. Once completed, the planned lab – announced recently at Schwab’s IMPACT® 2012 conference - will offer students the ability to receive high quality training and educational tools in the areas of investment and more...
1/11/13 1:21 pm PST
Charles Schwab Investment Management, Inc. announced today that it will
begin posting the per-share market value for all of its domestic taxable
and tax-free money market funds on a daily basis, beginning later this
quarter.
“As one of the largest retail providers of money market funds, we are
committed to providing transparency that helps fund shareholders
understand their investments,” said Marie Chandoha, president, Charles more...
12/28/12 8:00 am PST
Charles Schwab announced today that there will be no capital gains
distributions in 2012 by any of the funds in the Schwab ETF™ family.
“We are extremely pleased to be able to deliver this tax efficiency to
the growing number of clients who invest in ETFs, and consider it
another of the important benefits that Schwab ETFs offer investors,”
said John Sturiale, vice president of product management for Charles
Schwab & Co., Inc more...
12/18/12 8:00 am PST
Schwab Charitable, one of the nation’s leading national donor-advised
fund organizations, is reminding advisors and investors that year-end
deadlines for charitable giving are fast approaching and that there are
multiple ways, from cash contributions to the donation of appreciated
assets, that individuals can realize tax benefits from charitable giving
this year.
The traditional giving season is well underway and Schwab Charitable is more...
12/17/12 5:45 am PST
The Charles Schwab Corporation today announced the completion of its
acquisition of ThomasPartners, Inc. The acquisition agreement,
originally announced
October 15, 2012, includes an upfront payment of $85 million in cash and
the opportunity for additional payments contingent on future growth in
assets under management.
“We are pleased to be able to provide our retail and investment advisor
clients with convenient and cost more...
12/14/12 5:45 am PST
The Charles Schwab Corporation released its Monthly Market Activity
Report today. Company highlights for the month of November 2012 include:
Net new assets brought to the company by new and existing clients in
November 2012 totaled $16.2 billion, including a $5.4 billion inflow
related to a mutual fund clearing services client and a $0.9 billion
outflow related to a planned transfer from Corporate Brokerage
Services more...
12/12/12 11:34 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, 2013, to stockholders of
record at the close of business on January 17, 2013.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of more...
12/4/12 8:00 am PST
This holiday season, Americans are wishing for a better employment
picture for the United States, according to the latest quarterly pulse
survey from Charles Schwab and Co., Inc. Nearly half (46 percent) of
Americans wish to unwrap a lower unemployment rate for the country this
holiday season, followed by a substantial decrease in the national debt
(26 percent) and a better housing market (12 percent). Though a financial
resolution in Europe more...
11/28/12 12:00 pm PST
Charles Schwab today launched an enhanced On Investing app
for the iPad®-- the latest example of the firm’s commitment to provide
insightful, actionable and sharable investing and personal finance
information in the various places people want to receive it. In addition
to articles from Schwab’s popular On Investing magazine,
investors can now get Schwab’s latest research, expert perspectives and
investment guidance all in one place and at no more...
11/27/12 9:00 am PST
Thanks to cloud technology, active traders can now access Schwab’s most
powerful trading platform, StreetSmart Edge®, on the web from any Mac or
PC with an internet connection, giving traders flexible access to
everything that was previously available only using downloadable
software.
“Our active traders want the power of StreetSmart Edge without
limitations, and bringing them web access through cloud technology means
that they more...
11/27/12 8:00 am PST
With the annual giving season underway, Schwab Charitable is expecting
record levels of contributions as individuals and their advisors seek to
meet charitable giving priorities while also navigating the uncertain
outlook for taxes given the expiration of the Bush-era tax cuts at the
end of this year. As of October 31, 2012, Schwab Charitable has seen an
almost 75 percent increase in contributions year-over-year.
“November and December more...
11/26/12 10:00 am PST
Charles Schwab announced today that it has joined with Piper Jaffray, a
leading investment bank and asset management firm, to provide clients
access to Piper Jaffray’s new issue municipal bonds through Schwab’s
BondSource® platform. Piper Jaffray is a top-ranked municipal bond
underwriter in the U.S. with specialized expertise in a wide array of
state and local markets.
“Our clients have asked for the ability to participate in more...
11/21/12 5:45 am PST
The Charles Schwab Corporation announced today that it will redeem all
of its outstanding 4.950% Senior Notes due 2014 (the “Notes”) on
December 21, 2012, the redemption date.
The redemption price is equal to the sum of the principal amount of the
Notes outstanding, a make-whole premium which will be calculated three
business days prior to the redemption date in accordance with the
related indenture, and accrued and unpaid interest on more...
11/19/12 6:00 am PST
Charles Schwab has launched Compliance
Solutions to help financial services firms and industry providers
meet increasingly complex employee compliance and regulatory
requirements.
Compliance Solutions represents the fulfillment of an initiative started
in November 2011 when The Charles Schwab Corporation acquired
Compliance11, Inc. and paired it with Schwab Designated Brokerage
Services (DBS). Compliance11 provides regulatory more...
11/15/12 11:00 am PST
At its IMPACT 2012 conference today, Bernie Clark, executive vice
president and head of Schwab Advisor Services announced the development
and enhancement of two separate state-of-the-art learning facilities at
UC Irvine and Texas Tech, which offer students the ability to receive
high-quality training and educational tools in the areas of investment
and wealth management. The development of these hands-on learning
environments at both more...
11/15/12 8:00 am PST
The majority of active traders believe that the market will close higher
in both 2012 and 2013 despite expressing concerns going into last week’s
Presidential election, according to data released today by Charles
Schwab.
The latest Charles Schwab Active Trader Sentiment Survey polled
participants in the Schwab Trader Day virtual event on October 20, 2012.
While 24 percent of participating traders were concerned about the
November more...
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