Press Releases

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...
3/14/14 5:45 am PDT
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of February 2014 include: Net new assets brought to the company by new and existing clients in February 2014 totaled $10.9 billion. Total client assets were a record $2.29 trillion as of month-end February, up 13% from February 2013 and up 3% compared to January 2014. Clients’ more...
3/7/14 6:00 am PST
Charles Schwab has extended its agreement with J.P. Morgan to provide Schwab clients with access to a broad range of J.P. Morgan’s fixed income securities. The agreement, originally signed in 2010, gives Schwab’s 9.1 million client brokerage accounts1 access to J.P. Morgan’s new issue and secondary municipal bonds and corporate debt securities. Schwab clients have had access to more than 800 new corporate issues through J.P. more...
3/4/14 6:00 am PST
There were 54 completed merger and acquisition (M&A) transactions in the registered investment advisor (RIA) space in 2013, according to industry-wide data released today by Schwab Advisor Services. The deals totaled approximately $43.6 billion in assets under management (AUM). RIAs emerged as the leading buyer category in 2013, representing 44 percent of overall deal activity for the full year. Strategic Acquiring Firms, the leading buyer more...
2/28/14 7:49 am PST
Dr. Ben S. Bernanke, former chairman of the Board of Governors of the Federal Reserve System, will provide a keynote address at Schwab’s IMPACT 2014 conference, the annual gathering of registered investment advisors (RIAs), scheduled for November 4-7 in Denver, Co. Who:   One of the nation’s leading economic thinkers, Dr. Ben S. Bernanke more...
2/24/14 8:30 am PST
After a successful pilot, Schwab Performance Technologies® (SPT) announced today the roll out of Schwab OpenView Mobile, a customizable app that RIAs can use to create a turnkey, branded mobile presence for their firms, enabling 24/7 connection with clients. SPT will work with participating firms to create the firm-branded app and each firm will then submit their app to Google Play and iTunes App Stores. “Looking to the future more...
2/20/14 11:00 am PST
Members of the Schwab Trading Services team will share insights and address real-time trading questions from the general investing public when it hosts Schwab Live during afternoon market hours on Tuesday, February 25, 2014. Open to all traders whether or not they are Schwab clients, the streaming interactive event will offer participants a taste of Schwab’s personalized service and support with direct access to the professionals on Schwab’s more...
2/12/14 5:45 am PST
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of January 2014 include: Net new assets brought to the company by new and existing clients in January 2014 totaled $11.9 billion. Total client assets were $2.22 trillion as of month-end January, up 10% from January 2013 and down 1% compared to December 2013. Clients’ daily average more...
2/5/14 6:00 am PST
Schwab Retirement Plan Services, Inc., a national 401(k) service provider to approximately 1.3 million workers saving through company retirement plans, has become the first major firm to launch a full-service 401(k) program based on low-cost exchange-traded funds. “We believe workers can and should get more value from their 401(k)s,” said Steve Anderson, head of Schwab Retirement Plan Services, Inc. “In 2012, we successfully launched more...
2/3/14 9:00 am PST
Investors may anticipate a new phase of growth in China as a result of a comprehensive reform plan designed to restructure the country by 2020, according to a whitepaper published by Charles Schwab this week. The whitepaper, titled “Why New Reforms Make Chinese Stocks Attractive,” examines the potential for the Chinese government’s reform plans to create both higher quality and more sustainable growth in the country, reducing some uncertainty more...
1/30/14 2:12 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 21, 2014 to stockholders of record February 7, 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 more...
1/27/14 8:00 am PST
Schwab Charitable™, one of the largest national donor-advised funds, reported $742 million in donations to charities in 2013, a 36% increase compared to 2012 and the largest percentage increase in more than five years. Grants to charities ranged in size from 50 dollars to 10 million dollars, and went to more than 41,000 charities spanning a wide range of causes. The largest charitable sectors supported include education, health and human more...
1/22/14 1:30 pm PST
The Charles Schwab Corporation announced today that it has scheduled a Business Update for institutional investors on Wednesday, February 12, 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. - 12:35 p.m. PT, 11:30 a.m. - 3:35 p.m. ET. Participants will include members of the company’s executive more...
1/16/14 5:45 am PST
The Charles Schwab Corporation announced today that its net income for the fourth quarter of 2013 was $319 million, up 10% from $290 million for the third quarter of 2013, and up 51% from $211 million for the fourth quarter of 2012. Net income for the twelve months ended December 31, 2013 was $1.1 billion, up 15% from the year-earlier period. The company’s 2012 financial results include a pre-tax gain of $70 million, or $44 million after-tax, more...
12/17/13 6:00 am PST
According to data captured in Charles Schwab’s most recent Trading Services Sentiment Survey, only 10 percent of traders say they have a bearish outlook for the next three to six months – the lowest level seen since the survey’s inception in February 2008, and a notable drop from September 2013 when 15 percent of traders surveyed had a negative short-term outlook. While the vast majority of traders (90 percent) have a bullish or more...
12/16/13 6:00 am PST
Charles Schwab Investment Management announced today that there will be no capital gains distributions in 2013 by any of the 21 exchange-traded funds (ETFs) in the Schwab ETF™ family. “We’re very pleased to be maintaining our track record of tax efficiency across all Schwab ETFs, having never distributed capital gains since we launched our first ETFs in 2009,” said John Sturiale, vice president of product management for Charles Schwab more...
12/13/13 5:45 am PST
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of November 2013 include: Net new assets brought to the company by new and existing clients in November 2013 totaled $11.7 billion. November 2013 net new assets included a $2.5 billion inflow related to a mutual fund clearing services client. Total client assets were a record $2.22 trillion as more...
12/11/13 11:11 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 3, 2014, to stockholders of record at the close of business on January 17, 2014. About Charles Schwab The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of more...
12/9/13 6:00 am PST
Charles Schwab, one of the nation’s largest investment services firms with more than $2 trillion in client assets, announced today an “Accountability Guarantee” for clients enrolled in participating investment advisory services.* Under the Schwab Accountability Guarantee™, clients enrolled in a participating investment advisory service can request a complete refund of their program fees from the prior quarter if, for any reason, they are not more...
11/19/13 6:00 am PST
A new report released today by the Schwab Center for Financial Research, a division of Charles Schwab & Co., Inc., cautions investors about the risks of investing in floating-rate bonds too early, noting that short-term, fixed-rate securities may still be the better choice in the current environment. Schwab’s fixed income experts say that by prematurely anticipating a rise in short-term interest rates, investors in floating-rate bonds may more...
11/18/13 7:30 am PST
The Charles Schwab Corporation has been recognized again for its employee-friendly workplace through two new awards received this month. In Chicago and Austin, Schwab has been named to the lists of Top Workplaces, published by The Chicago Tribune and Austin American-Statesman, respectively. The “Top Workplaces” program is conducted by WorkplaceDynamics, an independent research firm on organizational health and employee engagement, in partnership more...
11/14/13 5:45 am PST
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of October 2013 include: Net new assets brought to the company by new and existing clients in October 2013 totaled negative $19.8 billion. October 2013 net new assets included a $30.2 billion outflow related to a mutual fund clearing services client, representing the final part of a planned transfer, which more...
11/12/13 5:40 am PST
Schwab Advisor Services today announced the recipients of its annual IMPACT Awards® for registered investment advisors (RIAs). The winning firms for 2013 are: Homrich Berg, for the Best-in-Business IMPACT Award™ Paracle Advisors, LLC, for the Pacesetter IMPACT Award™ Evensky & Katz Wealth Management, for the Trailblazer IMPACT Award™ The firms were honored during the more...
11/11/13 12:00 pm PST
The Charles Schwab Corporation has been named to the 2014 list of top “Military Friendly Employers”. The Military Friendly Employer® title is awarded by Victory Media, publisher of G.I. Jobs and Military Spouse. This recognition reflects the emphasis Schwab places on recruiting and training military veterans who are joining or rejoining the workforce. “We want to be known as an employer of choice in the military community,” said more...
11/11/13 8:00 am PST
Schwab Advisor Services announced the launch of several key initiatives that fuel the continued evolution of technology from underlying infrastructure in an independent registered investment advisor (RIA) firm to a central role in the support of client relationships and firm growth. The new offerings include Schwab OpenView MobileTM, an advisor-branded app for RIAs, the pilot of electronic approvals for forms and wires, and plans for Project PM2 more...
11/11/13 6:00 am PST
Charles Schwab Advisor Services released results of its 14th semi-annual Independent Advisor Outlook Study (IAOS) today from its IMPACT conference – the nation’s largest and longest-running annual gathering of RIAs. The study findings were cited frequently during today’s main stage presentation by Bernie Clark, executive vice president of Charles Schwab & Co., Inc., and head of Schwab Advisor Services, to the more than 1,900 more...
11/11/13 5:40 am PST
“Think beyond the demands of now, remove the distractions and act with the future in mind” was the message delivered today by Bernie Clark, executive vice president of Charles Schwab & Co., Inc., and head of Schwab Advisor Services, to more than 1900 independent registered investment advisors (RIAs) gathered at the nation’s capital. Clark spoke from the main stage at IMPACT – the nation’s largest and longest-running annual gathering more...
10/24/13 2:58 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 22, 2013 to stockholders of record at the close of business on November 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 more...
10/16/13 6:00 am PDT
Since its debut earlier this year, Charles Schwab has added 16 new ETFs to Schwab ETF OneSource™, the platform that gives investors and advisors access to the most commission-free ETFs anywhere in the industry1. Today, Schwab clients can now buy and sell 121 ETFs with $0 online trade commissions – a 15% increase from the 105 ETFs first offered when Schwab ETF OneSource was launched in February. Schwab ETF OneSource includes funds from more...
10/15/13 5:45 am PDT
The Charles Schwab Corporation announced today that its net income for the third quarter of 2013 was $290 million, up 13% from $256 million for the second quarter of 2013, and up 17% from $247 million for the third quarter of 2012. Net income for the nine months ended September 30, 2013 was $752 million, up 5% from the year-earlier period. The company’s financial results for the nine months ended September 30, 2012 include a pre-tax gain of $70  more...
10/14/13 9:00 am PDT
The Charles Schwab Corporation announced today that it has scheduled an Interim Business Update for institutional investors on Monday, October 28th. 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...
10/14/13 6:00 am PDT
More than three in five investors believe a market correction will occur in the next nine months, but nearly half (49 percent) think now is a good time to invest in equities, and 70 percent say they are engaged in managing their money. The latest findings on client sentiment by Charles Schwab, one of the country’s largest investment services firms with more than $2.08 trillion in client assets*, reflect continued engagement in the stock market more...
10/10/13 6:00 am PDT
Nearly 85 percent of traders say they are confident that stock prices will either remain at or near their current levels or continue to rise over the next three to six months, according to new data captured in Charles Schwab’s most recent Trading Services Sentiment Survey from September 2013. Despite geopolitical uncertainty and near-term risks – including gridlock in Washington, D.C. over government funding, the debt ceiling and more...
10/4/13 5:00 am PDT
Charles Schwab Investment Management, Inc. (CSIM) announced today that four Schwab Exchange-Traded Funds (ETFs) have received top honors from Morningstar, Inc. for providing the best investor experience over the past year compared to other ETFs in their respective categories. Now in their second year, the Morningstar ETF Awards recognize ETFs and ETF providers that have ranked the highest in their category versus peers over the past more...
10/3/13 6:00 am PDT
For a growing number of investors, exchange-traded funds (ETFs) are being embraced as a mainstay of a diversified portfolio. According to the 2013 ETF Investor Study by Charles Schwab, half of respondents plan to increase their ETF holdings over the next year – a 22 percent increase over those who said the same in 2012. Nearly one in ten investors (nine percent) now hold 50 percent or more of their portfolios in ETFs, more than double the four more...
9/19/13 6:00 am PDT
For investors who missed out on the rebound in equities following the financial crisis in 2008 or for those who are underinvested in U.S. stocks, opportunities may still exist according to a new whitepaper published by Charles Schwab this week. The whitepaper, entitled “Take Part in a Renaissance of U.S. Growth,” examines a domestic industrial renaissance that has begun to unfold due to a host of factors including improvements in U.S. more...
9/16/13 5:45 am PDT
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of August 2013 include: Core net new assets (before significant one-time flows) brought to the company by new and existing clients in August 2013 totaled $22.3 billion. Net new assets of negative $2.4 billion contained the following items: Core flows of $22.3 billion, including more...
9/12/13 7:00 am PDT
While students work hard to finish college, many lack the practical coaching and skills to help them land their first job. To help bridge this gap for University of Central Florida (UCF) students. Schwab’s employee resource group, Black Professionals at Charles Schwab (BPACS), has teamed up with UCF’s Multicultural Student Center for its second year of the UCF Bridge Development Program. This six-session, weekend program offers students and more...
8/20/13 6:00 am PDT
The Charles Schwab Corporation has received new recognition for its military-friendly recruiting practices and workplace, as one of the “Best of the Best Top Veteran-Friendly Companies” in the August issue of U.S. Veterans Magazine. This is the second consecutive year that Schwab has received this award. This recognition follows on the heels of Military Times Edge magazine’s naming Schwab to its list of Best for Vets 2013, for more...
8/15/13 5:30 am PDT
The majority of American workers in a new survey accept responsibility for financing their own retirement and are relying primarily on their 401(k) to get them there, but many lack the confidence to effectively manage their retirement savings. The nationwide survey of more than 1,000 401(k) plan participants, commissioned by Schwab Retirement Plan Services (“Schwab”), shows a high level of self-reliance among respondents. Roughly nine more...
8/14/13 5:45 am PDT
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of July 2013 include: Net new assets brought to the company by new and existing clients in July 2013 totaled $8.8 billion. Total client assets were a record $2.12 trillion as of month-end July, up 16% from July 2012 and up 3% compared to June 2013. Client daily average trades were more...
8/13/13 8:30 am PDT
According to industry-wide registered investment advisor (RIA) merger and acquisition (M&A) data compiled by Schwab Advisor Services, the first half of 2013 closed with 18 completed transactions, totaling $15.4 billion in assets under management (AUM), which is the lowest on record since the first half of 2008. In comparison, the first half of 2011 ended with 27 deals totaling $20 billion in AUM, while 25 deals totaling $36 billion in AUM more...

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