Press Releases

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 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...
6/11/15 1:00 pm PDT
Bernie Clark, executive vice president and head of Schwab Advisor Services, Nick Georgis, senior vice president of Schwab Advisor Services, and a small group of advisors met with members of Congress on Capitol Hill to discuss industry issues facing independent investment advisors and investors. The meetings were held in conjunction with the annual Investment Adviser Association (IAA) Lobbying Day and were part of a continued effort by Schwab to more...
5/26/15 6:00 am PDT
Charles Schwab has received the highest ranking in overall satisfaction nationwide in the 2015 U.S. Self-Directed Investor Satisfaction StudySM from J.D. Power. With an index score of 801 on a 1,000-point scale, Schwab scored 38 points above the overall satisfaction industry average, and received the highest scores in the areas of interaction and account offerings. Charles Schwab President and CEO Walt Bettinger said, “In announcing more...
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 on the 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 receiving 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...

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