Press Releases

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...
9/29/15 5:30 am PDT
Schwab Trading Services professionals will answer questions live, offer trading insights and share their market outlook during Schwab Live, a unique Q&A event that will be streaming live from New York on Wednesday, October 7, 2015. Designed to offer traders a one-day preview of the caliber of service and experience that Schwab clients receive, participants can ask top-of-mind questions and receive real-time responses from Schwab’s trading more...
9/15/15 5:45 am PDT
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of August 2015 include:Net new assets brought to the company by new and existing clients in August 2015 totaled $9.2 billion.Total client assets were $2.46 trillion as of month-end August, up 1% from August 2014 and down 4% compared to July 2015.Average interest-earning assets on the company’s balance sheet were a record $160.6 billion in August, up 16% from August 2014 and up 2% more...
9/10/15 6:00 am PDT
Schwab Compliance Technologies, Inc., a leading provider of advanced employee monitoring services, announced today that it issued a Service Organization Control (SOC) 2 Type II report for Security. “Schwab Compliance Technologies is responsible for monitoring the trading activity of hundreds of thousands of employees who work for the client firms we serve. Every day we receive approximately 20,000 data feeds from more than 2,000 broker- more...
9/2/15 8:00 am PDT
At a time when independent registered investment advisor (RIA) firms’ revenue and profitability are reaching new highs1, the industry is seeing an uptick in merger and acquisition (M&A) activity, based on the number of deals as well as the average deal size. According to the latest data compiled by Schwab Advisor Services, total and average deal size rose during the first six months of 2015 indicating that the industry has both the financial more...
8/26/15 5:00 am PDT
A new survey illustrates the vital role of 401(k) plans in helping workers save for retirement, but also identifies obstacles to saving effectively and a strong desire among participants for professional help in choosing the right investments. There is also widespread belief that retirement should be a major issue discussed by the presidential candidates in the upcoming debates. Wealth & Health The nationwide survey of 1 more...
8/17/15 9:34 am PDT
Charles Schwab Advisor Services announced today the lineup of keynote speakers for IMPACT® 2015, the nation’s largest and longest-running annual gathering of independent registered investment advisors (RIAs). Spanning insights and content from growth strategies and technology, to leadership and talent, the four-day event includes a robust agenda of sessions that focus on the growth opportunities on the horizon for RIAs, and aims to be a more...
8/14/15 5:45 am PDT
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of July 2015 include: Net new assets brought to the company by new and existing clients in July 2015 totaled $9.8 billion. Total client assets were $2.56 trillion as of month-end July, up 8% from July 2014 and up 1% compared to June 2015. Average interest-earning assets on the company’s balance more...
7/23/15 3:06 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 August 21, 2015 to stockholders of record as of the close of business on August 7, 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 more...
7/21/15 6:00 am PDT
A new report released by the Schwab Center for Financial Research, a division of Charles Schwab & Co., Inc., finds that fundamental indexing, a Strategic Beta strategy1, may be poised to outperform market-cap strategies as the secular bull market enters the mature phase. The paper explains that as the market matures, it becomes more important for investors to focus on holding strong companies with sound fundamentals. “Why more...
7/20/15 8:00 am PDT
As many independent registered investment advisor (RIA) firms surpass the 20 years-in-business mark, their revenue and profitability have achieved all-time highs according to results from Charles Schwab’s 2015 RIA Benchmarking Study (Study). Nearly half of firms (42%) participating in the Study have doubled their revenue since 2009, and assets under management (AUM) have increased by 75 percent for half of firms in the Study over the same time more...
7/16/15 5:45 am PDT
The Charles Schwab Corporation announced today that its net income for the second quarter of 2015 was $353 million, up 17% from $302 million for the first quarter of 2015, and up 9% from $324 million for the second quarter of 2014. Net income for the six months ended June 30, 2015 was $655 million, up 1% from the year-earlier period. The company’s financial results for the second quarter and first six months of 2015 include litigation proceeds of more...
7/15/15 8:20 am PDT
Today, Schwab announced the launch of SchwabSafe™, an online resource with perspectives and tips on cyber security for clients. The first investment services firm to provide a Security Guarantee that covers 100% of any losses in any Schwab accounts due to unauthorized activity (launched nearly 10 years ago), Schwab continues to expand its resources for online security and fraud prevention to include educational programs such as SchwabSafe, more...
7/15/15 6:00 am PDT
Schwab CharitableTM, one of the largest national donor-advised funds, reported an historic $1.06 billion in grants to charities by its donors in fiscal year 20151. This represents a 30% increase over the prior fiscal year, which is more than four times the rate of increase in total giving in the US in 20142. Schwab Charitable’s exceptionally generous donors continued giving to their preferred causes and were also extremely supportive of more...
7/10/15 1:05 pm PDT
The Charles Schwab Corporation announced today that it has scheduled a Business Update for institutional investors on Friday, July 24, 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. - 12:30 p.m. PT, 11:30 a.m. - 3:30 p.m. ET. Participants will include members of the company’s executive management more...
6/30/15 5:00 am PDT
Charles Schwab announced today it is adding one new ETF provider – J.P. Morgan Asset Management – and nine new ETFs to Schwab ETF OneSource™, the program that offers investors and advisors the most commission-free* ETFs anywhere in the industry. The additions give investors more choice within two highly sought-after categories in investing today – currency-hedged ETFs and strategic beta funds across both U.S. and international markets more...
6/25/15 9:00 am PDT
Independent registered investment advisors (RIAs) have a pronounced sense of optimism about the state of the industry, their firms and the future, according to the latest Independent Advisor Outlook Study (IAOS) from Charles Schwab. RIAs report that the bull market of the past six years has contributed positively to firm growth across areas including attracting new clients (23%), providing higher advisor compensation (16%), creating more capital more...
6/25/15 8:30 am PDT
Speaking from the main stage to a group of nearly 180 independent registered investment advisors (RIAs) at its annual EXPLORE™ conference today, Bernie Clark, executive vice president and head of Schwab Advisor Services, commended them on their continued growth, noting that “the industry is in a position of undeniable strength.” He also struck a tone of urgency, telling advisors complacency has no place in the RIA industry given the exponential more...
6/23/15 11:00 am PDT
Today Charles Schwab announced the launch of Institutional Intelligent Portfolios™ -- an automated investment management platform designed specifically for RIAs and sponsored by Schwab Wealth Investment Advisory, Inc. Institutional Intelligent Portfolios enables firms to reach new market segments and scale their businesses, while complementing the invaluable wealth management services and client experience advisors already provide today more...
6/18/15 1:15 pm PDT
Charles Schwab Bank, a wholly-owned subsidiary of The Charles Schwab Corporation (NYSE: SCHW), today disclosed the results of its 2015 company-run stress test under the “severely adverse” scenario provided by the Office of the Comptroller of the Currency. In accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act, Charles Schwab Bank is required to conduct company-run stress tests annually and publicly disclose a more...
6/18/15 6:00 am PDT
Boys & Girls Clubs of America (BGCA) and Charles Schwab Foundation have named Eric Cruz of Boys & Girls Clubs of Truckee Meadows the eighth annual National Ambassador for the Money Matters: Make it CountSM financial education program. The National Ambassador serves as an advocate for the program and is charged with promoting financial education for lifelong financial health and well-being to teens across the country. Cruz is the more...
6/12/15 5:45 am PDT
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of May 2015 include: Net new assets brought to the company by new and existing clients in May 2015 totaled $10.1 billion. Total client assets were a record $2.57 trillion as of month-end May, up 9% from May 2014 and up 1% compared to April 2015. Client assets receiving ongoing advisory services more...

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