Press Releases

5/21/15 7:00 am PDT
Charles Schwab & Co., Inc. has entered into a five-year commitment with the Leeds School of Business at the University of Colorado Boulder to develop and invest in a Certified Financial Planner™ (CFP®) program, aimed at readying undergraduate students for careers in financial planning and wealth management. A generous charitable investment will fund scholarships, as well as the creation and enhancement of extensive coursework and exam more...
5/19/15 6:00 am PDT
Charles Schwab today announced that it is reducing fees in the Schwab 529 College Savings Plan effective July 17, 2015. The actively-managed portfolios are being reduced by an average of 20 percent, with total expense ratios now ranging from 0.41 to 1.01%, down from 0.41 to 1.34%. The passive index portfolios will decrease 45 percent to a total expense ratio of 0.30% down from 0.55%. The fee reductions are aimed at giving parents, relatives and more...
5/18/15 6:00 am PDT
Thousands of Schwab employees and executives today will roll up their sleeves to help local charities in more than 150 cities across the United States as part of The Charles Schwab Corporation’s 12th annual Schwab Volunteer event. This year’s event is expected to have a record number of participants, with more than 4,600 Schwab employee volunteers, benefiting well over 200 charities coast to coast. Approximately 200 Schwab branch offices around more...
5/14/15 5:45 am PDT
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of April 2015 include: Net new assets brought to the company by new and existing clients in April 2015 totaled $9.1 billion, including $9.3 billion of inflows from certain mutual fund clearing services clients. Aside from these inflows, net new assets reflected client cash disbursements during tax season more...
5/13/15 1:59 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 3, 2015, to stockholders of record at the close of business on July 17, 2015. About Charles Schwab The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of more...
5/13/15 9:00 am PDT
The Charles Schwab Corporation (NYSE: SCHW): What:   Charles Schwab was honored today for its support of the University of California, Irvine’s (UCI) Paul Merage School of Business during a gala celebration at the University. Schwab teamed up with UCI in 2013 to create The Charles Schwab Trading & Technology Lab more...
5/12/15 8:00 am PDT
Nine out of 10 Americans view technology as more of a life necessity than a distraction but a passion for people persists across the generations, according to a new study from Charles Schwab which finds that people from age 25-75 prefer to rely on a combination of both humans and technology when it comes to dealing with daily tasks and managing their money. The Charles Schwab “Man and Machines” study asked more than 1,800 more...
5/1/15 6:00 am PDT
Charles Schwab Investment Management: Schwab Government Money Funds do not plan to adopt a policy to implement Liquidity Fees or Redemption Gates. Retail investors will continue to have access to Schwab Prime, Municipal and Government money market funds with a net asset value (NAV) that is designed to be constant (CNAV).1 We are committed to providing capital preservation and liquidity more...
4/24/15 5:00 am PDT
Starting today, investors will be able to stay more closely connected to the market than ever before with Schwab’s new Apple Watch app. Clients will have an at-a-glance view of market headlines and their customized watchlists, as well as the ability to quickly drill down to view detailed stock quotes. The Apple Watch complements Schwab’s robust mobile app capabilities, allowing clients to initiate equity or options trades via their Apple Watch more...
4/22/15 2:42 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 22, 2015 to stockholders of record as of the close of business on May 8, 2015. 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...
4/15/15 5:45 am PDT
The Charles Schwab Corporation announced today that its net income for the first quarter of 2015 was $302 million, down 14% from $350 million for the fourth quarter of 2014, and down 7% from $326 million for the first quarter of 2014. These results lag the outlook expressed in the company’s press release dated March 13, 2015, primarily due to the earlier timing of certain compensation expenses more...
4/9/15 6:00 am PDT
The Charles Schwab Corporation announced today that it has scheduled an Interim Business Update for institutional investors on Thursday, April 23rd. 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...
4/1/15 6:00 am PDT
Charles Schwab Investment Management, Inc. (CSIM), a leading asset manager, announced today that two of its sub-advised Laudus mutual funds have received Best-in-Class Lipper Fund Awards for consistent risk-adjusted returns relative to their peers. Both funds focus on international equities, but employ different investment strategies. The Laudus International MarketMasters FundTM – Select Shares (SWMIX) was named Best-in-Class more...
3/31/15 6:00 am PDT
The merger and acquisition (M&A) market continues on a consistent year-over-year pace, according to the latest data compiled by Schwab Advisor Services, as independent registered investment advisor (RIA) firms thrive and the independent investment advisory model remains one of the fastest-growing segments of the financial-services industry.1 Year-end 2014 data shows deal pace has remained largely consistent, with 54 completed transactions in more...
3/23/15 11:00 am PDT
More than 3100 Schwab Advisor Services clients registered for a company webcast today to hear details on Institutional Intelligent Portfolios™ – the company’s automated investment management solution for independent registered investment advisors (RIAs). Among its robust feature set, Institutional Intelligent Portfolios will offer advisors the opportunity to create a diverse set of client portfolios utilizing more than 200 ETFs across all more...
3/16/15 6:00 am PDT
As companies respond to increased regulatory pressure, Charles Schwab today reported the number of corporate clients using its Compliance Solutions services jumped approximately 62% over the last two years. Total assets monitored rose 58% to approximately $60 billion. Compliance Solutions helps financial services firms and industry providers meet increasingly complex employee compliance and regulatory requirements. “Compliance officers more...
3/13/15 5:45 am PDT
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of February 2015 include: Core net new assets (before significant one-time flows) brought to the company by new and existing clients in February 2015 totaled $12.3 billion. Net new assets of $6.8 billion contained the following items: An outflow of $11.6 billion relating to our planned resignation more...
3/9/15 6:00 am PDT
Charles Schwab today launched a fully automated investment advisory service, Schwab Intelligent Portfolios™, the only investment advisory service using sophisticated computer algorithms to build, monitor, and rebalance diversified portfolios based on an investor’s stated goals, time horizon and risk tolerance – without charging any advisory fees, commissions or account services fees. Schwab Intelligent Portfolios applies the more...
2/18/15 8:00 am PST
Building upon the success of Schwab Live – Schwab’s unique online trader Q&A event – Schwab Trading Services will host the company’s first-ever Google Hangout on Thursday, February 19, between 4:00 pm and 5:00 pm ET. Schwab Live: After the Bell will allow traders of all experience levels to ask Schwab’s industry professionals questions about the day’s market activity in an interactive Google Hangout format. The event will be hosted by Randy more...
2/12/15 2:00 pm PST
Schwab Intelligent Technologies announced today that Orion Advisor Services, LLC., a premier portfolio accounting service provider, and Redtail Technology, a leader in web-based client relationship management (CRM) solutions, will participate in Schwab OpenView Gateway, the flexible, open-architecture technology platform that enables integration between Charles Schwab custody systems and those of participating technology providers more...
2/12/15 5:45 am PST
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of January 2015 include: Net new assets brought to the company by new and existing clients in January 2015 totaled $9.3 billion. Total client assets were $2.45 trillion as of month-end January, up 10% from January 2014 and down 1% compared to December 2014. Average interest-earning assets more...
1/30/15 3:16 pm PST
The Board of Directors of The Charles Schwab Corporation has declared a regular quarterly cash dividend of $0.06 per common share, payable February 20, 2015. On January 30, 2015, the company revised the record date to February 9, 2015, instead of the initially announced record date of February 6, 2015. About Charles Schwab The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with more more...
1/29/15 2:10 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 20, 2015 to stockholders of record February 6, 2015. 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...
1/29/15 1:30 pm PST
The Charles Schwab Corporation announced today that it has scheduled a Business Update for institutional investors on Thursday, February 12, 2015. 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 more...
1/26/15 5:30 am PST
Schwab announced today that starting on February 1, 2015, it will add 18 more ETFs to Schwab ETF OneSource, the program that offers investors the most commission-free* ETFs anywhere in the industry. Next week, investors will be able to access 198 ETFs covering 64 Morningstar Categories for $0 online trade commissions. Schwab does not have any enrollment requirements or charge early redemption fees for the ETFs in the program – two key more...
1/22/15 6:00 am PST
Schwab CharitableTM, one of the largest national donor-advised funds, reported $928 million in grants to charities on behalf of its donors in 2014, a 25% increase over 2013. Gifts went to more than 48,000 charitable organizations. Support increased substantially across all categories with the highest number of individual grants going to health and human services, religious causes and education. Among the most widely supported charities in 2014 more...
1/16/15 5:45 am PST
The Charles Schwab Corporation announced today that its net income for the fourth quarter of 2014 was a record $350 million, up 9% from $321 million for the third quarter of 2014, and up 10% from $319 million for the fourth quarter of 2013. Net income for the twelve months ended December 31, 2014 was $1.3 billion, up 23% year-over-year. The company’s financial results for the fourth quarter and full-year 2014 include two nonrecurring items: net more...
12/19/14 1:30 pm PST
Charles Schwab Investment Management, Inc. (CSIM) reported today that there will be no capital gains distributions in 2014 by any of the 21 exchange-traded funds (ETFs) in the Schwab ETFs™ family. “ETFs are attractive to investors in part because of their tax efficient structure, and Schwab ETFs have delivered on this expectation for the past five years, with no distributed capital gains since the first Schwab ETFs launched in 2009,” more...
12/12/14 5:45 am PST
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of November 2014 include: Net new assets brought to the company by new and existing clients in November 2014 totaled $10.9 billion. Total client assets were a record $2.48 trillion as of month-end November, up 12% from November 2013 and up 2% compared to October 2014. Client assets more...
12/11/14 11:12 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 2, 2015, to stockholders of record at the close of business on January 16, 2015. About Charles Schwab The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of more...
12/4/14 7:30 am PST
The divergence in economic growth and monetary policy between the United States and other developed countries is likely to be a key factor impacting financial markets in the year ahead, according to the “Schwab 2015 Market Outlook” report released today. As the U.S. Federal Reserve moves toward an interest rate hike while other central banks work to stimulate their economies, Schwab’s experts believe U.S. stocks will to continue to more...
11/24/14 6:00 am PST
A new report released by the Schwab Center for Financial Research, a division of Charles Schwab & Co., Inc., examines the implications of a strengthening U.S. dollar, and suggests investors should consider reducing their exposure to international developed-country and emerging market bonds, as well as to commodities. “A Strong U.S. Dollar Changes Everything” is the latest whitepaper from Kathy A. Jones, vice president and more...
11/14/14 5:45 am PST
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of October 2014 include: Net new assets brought to the company by new and existing clients in October 2014 totaled $7.9 billion. Total client assets were $2.44 trillion as of month-end October, up 12% from October 2013 and up 2% compared to September 2014 more...
11/11/14 12:00 pm PST
The Charles Schwab Corporation has once again been named to the 2015 list of top “Military Friendly® Employers” and top Military Spouse Friendly Employers. The recognition is awarded by Victory Media, publisher of G.I. Jobs and Military Spouse and reflects the emphasis Schwab places on recruiting and training military veterans who are joining or rejoining the workforce. Schwab will be showcased along with other 2015 Military Friendly more...
11/10/14 6:00 am PST
For the first time, Schwab Trading Services is hosting an all-day educational event featuring both in-person and online seminars offering real-time trading insights and in-depth educational workshops. Open to all traders at no charge, participants will have the opportunity to submit questions to Schwab’s industry professionals about trading topics and market movements and can participate in interactive education sessions from almost anywhere more...
11/6/14 7:45 am PST
Schwab Advisor Services announced today the recipients of the ninth annual IMPACT Awards® for independent registered investment advisor (RIA) firms. The winners were honored this morning at the 2014 Schwab IMPACT® conference in Denver, the nation’s largest and longest-running annual gathering of RIA firms. The winning firms for 2014 are: Bingham, Osborn & Scarborough, LLC, for the Best-in-Business IMPACT more...
11/5/14 10:00 am PST
In a presentation to independent registered investment advisors (RIAs) at Schwab’s IMPACT® 2014 conference today, Neesha Hathi, senior vice president, Schwab Advisor Services, shared her perspective on how the explosion of consumer technology and growing client expectations is reshaping the future of RIA firms. Taking the advisor audience on a journey using three distinct client personas, Hathi showcased how technology trends may not only more...
11/5/14 7:45 am PST
Reflecting a proactive stance to ready their firms for the future, independent registered investment advisors (RIAs) are taking steps in the areas of leadership, talent and business legacy planning, according to the results of the latest Independent Advisor Outlook Study (IAOS) released today by Schwab Advisor Services at its annual IMPACT® 2014 conference. The study, which reflects responses from 740 RIAs representing $243 more...
11/5/14 7:30 am PST
Addressing a crowd of more than 3,600 attendees at IMPACT® 2014, the nation’s largest and longest-running annual gathering of independent registered investment advisors (RIAs), Bernie Clark, executive vice president of Charles Schwab & Co. Inc. and head of Schwab Advisor Services, challenged RIAs to pay attention to generational changes impacting the industry at both the firm and client level, as well as the environment of disruption more...
11/3/14 7:00 am PST
Focusing on the need for greater industry-wide diversity among independent registered investment advisors (RIA), Schwab Advisor Services has launched a comprehensive, multi-faceted program to help advisors understand the opportunity for and the value of creating a diverse workforce, and to help them take action toward accomplishing it. Called RIA Talent Advantage™, the program is designed to help firms build a culture of inclusion and more more...
10/30/14 6:00 am PDT
Schwab Charitable, one of the nation’s leading donor-advised fund organizations, announced today that it has made over $4.6 billion in grants on behalf of its donors to more than 86,000 charities since its inception 15 years ago. Thus far this fiscal year, the organization has seen grants increase 55% over the same period last year and expects this robust growth will result in over $1 billion in grants for the full year ending June 30, 2015 more...
10/30/14 6:00 am PDT
Although emerging markets (EM) stocks have disappointed investors in recent years, several factors indicate a potential turning point for the performance of EM stocks, says a new whitepaper by Charles Schwab. The whitepaper, titled “Finding Value in Emerging Markets Stocks,” is published as a Q&A with Jeffrey Kleintop, Schwab’s Chief Global Investment Strategist, and examines the recent performance of EM stocks, leading up to the more...
10/27/14 9:41 am PDT
The Charles Schwab Corporation (Schwab) today announced additional details about the company’s new automated investment advisory service, Schwab Intelligent Portfolios™, which it plans to make available to retail investors in the first quarter of 2015, with a white label version for Registered Investment Advisors available shortly thereafter. “Schwab Intelligent Portfolios addresses a growing demand for affordable, objective, more...
10/23/14 2:42 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 21, 2014 to stockholders of record November 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...
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...

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