Press Releases
11/15/12 6:30 am PST
Schwab Advisor Services announced today the winners of its 2012 IMPACT
Awards® for independent registered investment advisors
(RIAs). Recipients include:
Iowa-based Foster
Group, Inc. for Best-in-Business IMPACT Award™;
Glassman
Wealth Services, LLC of McLean, VA, for the Pacesetter
IMPACT Award™; and
Sullivan,
Bruyette, Speros & Blayney, Inc, also of McLean, for more...
11/14/12 7:00 am PST
In his keynote address at Schwab’s IMPACT 2012® Conference,
one of the nation’s largest and longest-running annual gatherings of
independent investment advisors, executive vice president of Charles
Schwab & Co., Inc. and head of Schwab Advisor Services, Bernie
Clark unveiled enhancements to “RIA
Stands for You” – the company’s multi-media campaign aimed at
educating affluent investors about the benefits of working with an
independent more...
11/14/12 6:30 am PST
In a compelling keynote address today from the main stage at IMPACT 2012
– one of the nation’s largest and longest-running annual gatherings of
independent registered investment advisors (RIAs) – Bernie
Clark, executive vice president of Charles Schwab & Co., Inc., and
head of Schwab Advisor Services, emphasized the importance of
cultivating the next generation of RIA leadership and outlined Schwab’s
bold agenda to launch a series of forward more...
11/14/12 5:45 am PST
The Charles Schwab Corporation released its Monthly Market Activity
Report today. Company highlights for the month of October 2012 include:
Net new assets brought to the company by new and existing clients in
October 2012 totaled $24.7 billion, including a $15.7 billion inflow
related to a mutual fund clearing services client.
Total client assets were a record $1.9 trillion as of month-end
October, up 13% more...
11/13/12 3:00 pm PST
In order to help independent investment advisors make more informed
decisions when evaluating technology products and vendors, Schwab
Intelligent Technologies announced at IMPACT® 2012 that it
will launch a review site featuring ratings and advisor feedback on
popular providers. An extension of the Schwab Intelligent Integration
initiative, the goal for Schwab OpenView MarketSquare (MarketSquare) is
to provide advisors with guidance and support more...
11/13/12 3:00 pm PST
Schwab Advisor Services Shares Vision for Future of Client Experience for Advisors and Their Clients
At a press conference during the first day of IMPACT
2012, executives from Charles Schwab & Co., Inc. (Schwab)
shared details on a major initiative designed to transform the way
Schwab serves independent advisors and advisors’ clients. Schwab is
seeking to enhance its already industry-leading service model through a
significant, multi-year investment intended to help independent advisors
serve their clients even more effectively in a new era more...
11/12/12 6:05 am PST
Investors intrigued about exchange-traded funds (ETFs) can now head to
the ETF Education Exchange (www.schwabetfeducationexchange.com),
a new website from Charles Schwab designed to close the knowledge gap in
ETFs by aggregating educational content, research and market insights
from ETF industry leaders.
As the popularity of ETFs continues to expand, one message from
investors comes through loud and clear: they want to learn more more...
11/8/12 7:00 am PST
Charles Schwab is celebrating Veterans’ Day this year with a new award
recognizing the company’s military-friendly practices.
GI Jobs magazine has named Schwab a 2013 Top 100 Military
Friendly Employer®. The companies receiving this recognition were
selected from a survey sample of 5,000 companies whose annual revenues
exceed $500 million. Criteria for selection include the strength of
company military recruiting efforts, the percentage more...
11/2/12 11:40 am PDT
Extending its suite of mobile capabilities for advisors, Charles Schwab
today announced that the new Schwab Advisor Center app for the iPad is
available for download.
Advisors will now be able to access key client data such as balances,
positions, and transactions from their iPads. The new app is customized
for the tablet format including large charts that offer insights into
daily account movements and scrolling quotes that help advisors track more...
10/30/12 2:00 pm PDT
Advent Software, Inc. (NASDAQ: ADVS) and Schwab Intelligent Technologies
announced today that they entered into an agreement to integrate two of
Advent’s portfolio management platforms – Black Diamond and Advent
Portfolio Exchange® (APX) via Advent OnDemand® – with the Schwab
OpenView Gateway™. Through this agreement, Advent will be extending the
availability of custody information from Charles Schwab & Co., Inc. to
drive high value more...
10/25/12 2:10 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 23, 2012 to stockholders of record November 9, 2012.
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...
10/25/12 9:00 am PDT
Schwab Performance Technologies (SPT), a subsidiary of The Charles
Schwab Corporation and a leading provider of technology solutions to
more than 3800 independent advisory firms, announced today enhancements
to both Schwab OpenView Integrated Office™ (Integrated Office) and
PortfolioCenter®. One of the additions to Integrated Office
is document management through SPT’s new agreement with NetDocuments, a
leading provider of cloud-based email and more...
10/22/12 8:30 am PDT
Schwab Advisor Services released today industry-wide data on independent
registered investment advisor (RIA) mergers and acquisition activity for
the third quarter of 2012. The results are available and include details
of total transactions and average deal assets under management for the
third quarter.
Highlights include:
The year-to-date assets under management (AUM) for M&A deal activity
reached $42.3 more...
10/17/12 6:05 am PDT
Charles Schwab is expanding its education program for active traders by
providing live online access to the next Schwab Trader Day. For the
first time, active traders will be able to participate in this in-person
event by streaming live workshops on essential trading topics and
visiting the virtual exhibit hall directly from their home computers.
“To navigate today’s markets, our active trader clients tell us they
want to expand their more...
10/15/12 5:45 am PDT
The Charles Schwab Corporation announced today that its net income for
the third quarter of 2012 was $247 million, down 10% from $275 million
for the second quarter of 2012, and up 12% from $220 million for the
third quarter of 2011. Net income for the nine months ended
September 30, 2012 was $717 million, up 2% year-over-year. The company’s
third quarter and year-to-date financial results include a non-recurring
state tax benefit of more...
10/15/12 5:15 am PDT
The Charles Schwab Corporation today announced an agreement to acquire
ThomasPartners, Inc., which includes an upfront payment of $85 million
in cash and the opportunity for additional payments contingent on future
growth in assets under management (AUM). The deal is expected to close
during the fourth quarter, subject to customary closing conditions.
Headquartered in Wellesley, Massachusetts, ThomasPartners is a dividend
income-focused more...
10/9/12 6:00 am PDT
With only a month to go until the Presidential election, the outlook and
mood of independent registered investment advisors (RIAs) is a study of
big-picture optimism with a strong shot of short-term pessimism mixed
in, according to the 12th semi-annual Independent
Advisor Outlook Study released today by Charles Schwab Advisor
Services. The study collected opinions of more than 830 RIAs
representing $183 billion in assets under management and more...
10/4/12 6:05 am PDT
Exchange-traded funds (ETFs) are “here to stay,” declare 81 percent of
respondents to the 2012 ETF Investor Study by Charles Schwab, but
the need for education persists: 45 percent still call themselves
novices when it comes to understanding these products, and a smaller
number (39 percent) claim they now know more about ETFs than they did a
year ago.
“It’s very exciting to see investors rally enthusiastically around ETFs
as an more...
10/1/12 9:00 am PDT
Schwab Intelligent Technologies and Salentica Inc. announced today that
Salentica Advisor Desk™ with Schwab OpenView Gateway™ is available to
independent investment advisors after a successful pilot. Advisors who
use Salentica Advisor Desk as their client relationship management (CRM)
solution can now view real-time information on their clients’ financial
holdings within their CRM. Custody information available from Schwab
Advisor Services more...
9/21/12 8:10 am PDT
Charles Schwab has slashed the operating expense ratios (OERs) for each
of its 15 Schwab ETFs™, dramatically elevating its position in the ETF
industry with the lowest OERs in their respective Lipper categories.
Schwab is an industry leader in serving ETF investors, with $142 billion
in client ETF assets as of August 31, 2012. The company launched its own
Schwab ETFs in November 2009, becoming the first to introduce
commission-free more...
9/17/12 5:45 am PDT
The Charles Schwab Corporation released its Monthly Market Activity
Report today. Company highlights for the month of August 2012 include:
Net new assets brought to the company by new and existing clients in
August 2012 totaled $6.9 billion.
Total client assets were a record $1.86 trillion as of month-end
August, up 12% from August 2011 and up 2% compared to July 2012.
Client daily average more...
9/13/12 6:00 am PDT
In an effort to address the distinct needs of low-income workers and
jobseekers age 50 and older, AARP Foundation and Charles Schwab
Foundation have launched a new financial capability program, which is
being rolled out in seven major cities across the United States.
AARP research has found that more than 20 million people over age 50 are
struggling to make ends meet. This population has been hit especially
hard by the economic downturn more...
9/12/12 10:00 am PDT
Charles Schwab today announced the expansion of its global investing
capabilities with the launch of the Schwab Global AccountTM,
a platform providing investors direct, 24/7 online access to 12 foreign
equity markets with the ability to trade in their local currencies
whenever the markets are open.
The new platform, available at www.schwab.com/global,
comes at a time of renewed demand for global investments: a new Schwab
survey more...
9/11/12 9:00 am PDT
Charles Schwab today announced mobile deposit capabilities for iPad
users, enabling Schwab brokerage and Schwab Bank clients to deposit
checks remotely by taking a picture of a check with their iPad camera.
Charles Schwab launched its first native app for iPad nearly a year ago,
and is one of the few financial services firms to provide its clients
the convenience of mobile deposit capabilities and integrated banking
and brokerage mobile services more...
8/29/12 1:30 pm PDT
The Charles Schwab Corporation (the “Company”) announced today the
expiration of its offer to certain eligible holders of its outstanding
4.950% senior notes due 2014 (CUSIP No. 808513AC9) (“Old Notes”) to
exchange Old Notes for new senior notes due 2022 (“New Notes”) and cash
(the “Exchange Offer”). The Exchange Offer expired at midnight, New York
City time, on August 28, 2012 (the “Expiration Date”). The complete
terms of the Exchange Offer more...
8/27/12 5:30 am PDT
A growing number of employers are providing their employees with 401(k)
plan features to help drive positive plan participation and encourage
savings, according to data released today by Schwab Retirement Plan
Services, a Top 10 401(k) provider to approximately 1.5 million company
retirement plan participants.* Key statistics for 2011 include:
73 percent of employers provided a 401(k) matching contribution, up
from 68 percent more...
8/22/12 9:35 am PDT
The Charles Schwab Corporation (the “Company”) announced today the
pricing terms of its offer to certain eligible holders of its
outstanding 4.950% senior notes due 2014 (CUSIP No. 808513AC9) (“Old
Notes”) to exchange the Old Notes for new senior notes due 2022 (“New
Notes”) and cash (“Exchange Offer”). The complete terms of the Exchange
Offer are set forth in a confidential offering memorandum and related
letter of transmittal, each as amended more...
8/22/12 5:45 am PDT
The Charles Schwab Corporation (the “Company”) announced today the
expiration of the early participation period in connection with its
offer to certain eligible holders of its outstanding 4.950% senior notes
due 2014 (CUSIP No. 808513AC9) (“Old Notes”) to exchange the Old Notes
for new senior notes due 2022 (“New Notes”) and cash (“Exchange Offer”).
The complete terms of the Exchange Offer are set forth in a confidential
offering memorandum and more...
8/20/12 11:17 am PDT
Charles Schwab today announced a sponsorship of the 34th
America’s Cup, becoming the official investment firm for the America’s
Cup World Series events in San Francisco and the Louis Vuitton Cup,
America’s Cup Challenger Series, and America’s Cup Finals in 2013. Over
the next 13 months, Schwab’s founding city of San Francisco, Calif. will
play host to the high-profile international competition and its millions
of fans.
“ more...
8/15/12 6:30 am PDT
Investors who are uncertain about which way to turn in today’s bond
markets can learn more about their options for fixed income investing in
a new paper released today by Charles Schwab, a leading provider of
financial services. The paper looks at several bond investing themes
investors should be mindful of at a time when many believe their only
choices are to lower their expectations or take on more risk.
“The current environment of more...
8/15/12 5:41 am PDT
The Charles Schwab Corporation (the “Company”) announced today that the
early participation date for the previously announced private exchange
offer of its 4.950% senior notes due 2014 (CUSIP No. 808513AC9) (“Old
Notes”) for new senior notes due 2022 (“New Notes”) and cash (“Exchange
Offer”) has been extended to 5:00 p.m., New York City time, on August
21, 2012 (the “Early Participation Date”), the pricing date for the
Exchange Offer has been more...
8/14/12 5:45 am PDT
The Charles Schwab Corporation released its Monthly Market Activity
Report today. Company highlights for the month of July 2012 include:
Net new assets brought to the company by new and existing clients in
July 2012 totaled $7.4 billion.
Total client assets were $1.82 trillion as of month-end July, up 11%
from July 2011 and up 1% compared to June 2012.
Client daily average trades were 396.1 more...
8/7/12 8:30 am PDT
Schwab Advisor Services announced today the expansion of its ‘Insight to
Action’ practice management consulting program, offering registered
investment advisors (RIAs) hands-on support and guidance on practice
management challenges that often hamper the successful growth and
management of their businesses. The curriculum is available in select
cities throughout the country on these topics: strategic planning,
managing profitability, technology more...
8/1/12 7:21 am PDT
The Charles Schwab Corporation (the “Company”) announced today the
commencement of an offer to certain eligible holders of its outstanding
4.950% senior notes due 2014 (CUSIP No. 808513AC9) (“Old Notes”) to
exchange the Old Notes for new senior notes due 2022 (“New Notes”) and
cash (“Exchange Offer”). A summary of certain key terms of the Exchange
Offer is attached.
The Exchange Offer is being conducted by the Company upon the terms and more...
7/31/12 1:34 pm PDT
The Charles Schwab Corporation (the “Company”) announced today its
decision to redeem all of the Fixed to Floating Rate Trust Preferred
Securities issued by Schwab Capital Trust I (the “Trust Preferred
Securities”). The Trust Preferred Securities are being redeemed, along
with the common securities issued by Schwab Capital Trust I and held by
the Company, as a result of the concurrent redemption in whole by the
Company of the junior subordinated more...
7/30/12 6:00 am PDT
Charles Schwab announced on Saturday the grand prize winner of its first
“Oh, Chuck! I Blew my Cash” contest. Dan Lamoureux of Thornton, Ill.
will be awarded $10,000 in a Schwab brokerage account for sharing his
story of a regrettable impulse purchase: a
castle bounce house. According to his submission, Dan thought the
$600 bounce house would be a hit at family parties for years to come,
but the novelty wore off quickly and now the mammoth more...
7/26/12 1:37 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 24, 2012 to stockholders of record August 10, 2012.
The Board of Directors of The Charles Schwab Corporation has also
declared a quarterly dividend on the outstanding Fixed Rate
Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of
$14.17 per share which covers more...
7/26/12 8:00 am PDT
Schwab Advisor Services released today industry-wide data on registered
investment advisor (RIA) mergers and acquisition activity for the first
half of 2012. The results include details of the total transactions and
average deal assets under management (AUM) for the first half of the
year.
Highlights include:
Twenty five (25) deals have been completed in the first half of 2012,
totaling approximately $36.2 more...
7/24/12 8:00 am PDT
Schwab Charitable, one of the nation’s largest and fastest growing
national donor-advised fund organizations, reported both record
charitable assets under management and record annual grants in its
Fiscal Year 2012. As of June 30, 2012, Schwab Charitable’s assets under
management were $3.16 billion and grants to charities for the year
totaled $524 million.
“Despite uncertainty in the broader economic environment, we are
thrilled more...
7/17/12 8:00 am PDT
Independent registered investment advisors (RIA) reported record levels
of assets under management (AUM) and revenues in 2011 - driven by the
addition of new clients, and offsetting the year’s flat market
performance - according to the 2012 RIA Benchmarking Study from Charles
Schwab. The median RIA firm increased revenues by 12 percent and AUM by
3.8 percent, marking a second consecutive year of record highs for the
industry.
New more...
7/17/12 5:44 am PDT
The Charles Schwab Corporation announced today that its net income for
the second quarter of 2012 was $275 million, up 41% from $195 million
for the first quarter of 2012, and up 16% from $238 million for the
second quarter of 2011. Net income for the six months ended June 30,
2012 was $470 million, down 2% from the year-earlier period. The
company’s financial results for both the second quarter and first half
of 2012 include a pre-tax gain of $ more...
7/16/12 7:00 am PDT
Charles Schwab, a leader in the financial services industry, is
celebrating an industry milestone with the release of Schwab’s Mutual
Fund OneSource® at 20, a report that looks back at the evolution of
a groundbreaking service that simplifies the way investors buy and sell
no-load mutual funds from multiple fund families without paying
transaction fees. Unveiled in July 1992 with eight fund families and 80
mutual funds, Schwab’s Mutual Fund more...
7/11/12 1:05 pm PDT
The Charles Schwab Corporation announced today that it has scheduled a
Business Update for institutional investors on Wednesday, July 25, 2012.
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. - 1:00 p.m. PT, 11:30 a.m.
- 4:00 p.m. ET. Participants will include members of the company’s
executive management more...
7/11/12 6:35 am PDT
Charles Schwab Investment Management, Inc. announced today the launch of
the Laudus Mondrian Global Fixed Income Fund (LMGDX). The new
fund provides investors with a single vehicle to access international
developed, U.S., and emerging market bond markets worldwide.
Managed by Charles Schwab Investment Management, the value-oriented
Laudus Mondrian Global Fixed Income Fund seeks long-term total returns
by investing in fixed-income more...
7/11/12 6:00 am PDT
Schwab Retirement Business Services (RBS), a leading service provider
for retirement plan advisors and independent recordkeepers, has launched
a suite of support
tools and programs to help advisors meet increased demand for their
services in 401(k) and other workplace retirement plans.
The suite combines sophisticated investment management tools and
advanced fiduciary and plan design training to help advisors increase more...
7/9/12 6:00 am PDT
optionsXpress, Inc., a pioneer in bringing professional technology for
options and futures trading to individual investors, today announced the
launch of Idea Hub, a new idea generation tool for options traders. Idea
Hub filters real-time data from various analytical tools – including
options screeners, strategy scanners and earnings calendars – and
packages the results into actionable options trading ideas. The tool can
help investors find more...
6/28/12 10:00 am PDT
After a successful pilot, Charles Schwab announced today that it will
roll out the first version of the new Schwab Advisor Center app for the
iPhone. Starting today, independent investment advisors who custody
assets with Schwab Advisor Services can download
the app to view their clients’ account balances, positions
and transactions, allowing them to easily tap into the real-time data
they need from Schwab Advisor Center while on the go more...
6/28/12 9:00 am PDT
Charles Schwab has announced the keynote speaker line-up for its IMPACT®
2012 conference, one of the nation’s largest and longest-running
annual gatherings of independent investment advisors. IMPACT, now in its
21st year, will be held at McCormick Place in Chicago on November 13-16.
The conference will bring together the industry knowledge of Schwab and
its advisor clients, numerous exhibitors, and influential speakers in an
effort to learn more...
6/28/12 9:00 am PDT
High net worth (HNW) women place great importance on investment
performance and influence or drive many household financial decisions,
according to the new Women and Financial Independence Study
released today by Schwab Advisor Services. Conducted to provide
independent investment advisors with information on how best to serve
the growing population of HNW women, the survey finds that 65 percent of
respondents consider themselves financially more...
6/21/12 6:00 am PDT
In order to help advisors gain greater efficiency in their business
practices, Charles Schwab announced today that a full library of 28
universal workflows are now available in the Schwab OpenView Workflow
Library™ (Workflow Library) through Schwab Intelligent Technologies. The
new workflows cover critical aspects of managing a successful investment
advisory practice, including lead generation, client onboarding, service
requests and business more...
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