Press Releases

4/14/11 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Jump$tart Coalition has honored Charles Schwab Foundation President Carrie Schwab-Pomerantz, CFP®, with the William E. Odom Visionary Leadership Award for Charles Schwab Foundation’s work with Boys & Girls Clubs of America in making financial education interesting and relevant for hundreds of thousands of teens across America. The award was presented at Jump$tart’s Annual Awards Dinner last night in Washington, more...
4/7/11 1:30 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that it has scheduled an Interim Business Update for institutional investors on Wednesday, April 20, 2011. 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 more...
4/7/11 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Eighteen-year-old Megan Wurm of Sparks, Nev., has been named the fourth annual National Ambassador for the Money Matters: Make it CountSM program provided by Boys & Girls Clubs of America (BGCA) and Charles Schwab Foundation. The National Ambassador serves as spokesperson for the program and is charged with promoting financial education for teens as the basis for lifelong financial health and well-being. more...
3/29/11 5:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--In a new Schwab Advisor Services survey of advisors employed at independent broker dealers (IBDs) and insurance companies, more than eight out of ten (86%) say that the idea of being an independent registered investment advisor (RIA) is appealing. Among advisors that know someone who started or joined an RIA firm, an overwhelming 95 percent say they find the RIA model appealing. “We see a growing number of IBD more...
3/24/11 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Investment Management, Inc. (CSIM), the asset management arm of The Charles Schwab Corporation, announced today that the Schwab California Tax-Free Bond Fund (SWCAX) was awarded “Best California Intermediate Municipal Debt Fund over Ten Years” by The Lipper Fund Awards out of 19 qualified funds, for the third year in a row. “It is truly an honor to be recognized a third time by The Lipper Fund more...
3/22/11 9:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--After a successful pilot, Charles Schwab today announced the official launch of a new Equity Award Consultation Team for corporate stock plan clients. The team will provide personalized education and guidance to U.S.-based participants in the corporate equity plans serviced by Schwab, regardless of a participant’s level at their company or the value of their equity holdings. “It’s become evident that there’s a more...
3/22/11 8:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab has rolled out three new money management solutions for its retail clients that apply a unique approach to investing for growth and risk management. The Windhaven Portfolios™ are the latest example of Schwab’s ongoing commitment to bringing a full-range of institutional-quality portfolio solutions to individual investors looking for broad diversification – at great prices. These latest additions complement more...
3/21/11 5:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation (NYSE:SCHW) and optionsXpress Holdings, Inc., (NASDAQ-GS:OXPS) today announced they have signed a definitive agreement under which Schwab will acquire optionsXpress. Under the terms of the agreement, optionsXpress stockholders will receive 1.02 shares of Schwab stock for each share of optionsXpress stock. Based on Schwab’s closing stock price as of March 18, 2011, the transaction values each more...
3/17/11 5:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Today, Charles Schwab released findings from its latest quarterly retirement pulse survey, outlining how consumers plan for and approach retirement in the current economic environment. According to the results, charitable giving ranked as high in importance as budgeting among adults age 50 or older. Nearly eight in 10 (79%) cite charitable giving as a priority on the path to retirement. Along with preserving savings (86 more...
3/14/11 8:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab earned the highest customer satisfaction score in an independent survey conducted by the American Customer Satisfaction Index (ACSI), surpassing Fidelity, TD Ameritrade and E*Trade. In the fourth quarter of 2010, the ACSI surveyed online brokerage customers about the quality of products and services available to household consumers in the United States. “Receiving the highest ranking in the more...
3/14/11 5:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of February 2011 include: Net new assets brought to the company by new and existing clients in February 2011 totaled $7.8 billion. Total client assets were $1.64 trillion as of month-end February, up 14% from February 2010 and up 3% from January 2011. more...
3/9/11 8:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced that it received top ranking in its Securities industry category in Fortune Magazine’s 2011 list of the World's Most Admired Companies. Schwab was also recognized across industries, landing at #5 for Innovation. Schwab President and CEO Walt Bettinger commented, “We’re proud of the recognition our peers and other business leaders provided in this year’s listing. We more...
3/9/11 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab has released a new tool designed to help investors find exchange-traded funds (ETFs) for their specific portfolio needs. The new, quarterly Schwab ETF Select List™ was created by Charles Schwab Investment Advisory, Inc.1 (CSIA) by filtering through all of the ETFs in the marketplace to highlight a select group of pre-screened, low-cost funds that can be used to fill portfolio gaps. The company more...
3/7/11 5:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Independent registered investment advisor (RIA) optimism has risen significantly since July 2010 according to Charles Schwab’s latest survey of more than 1,300 RIAs representing $284 billion in assets under management. More than three-quarters of advisors surveyed (77%) expect the S&P 500 to rise in the next six months, up from 63 percent in the previous survey in July. Reflecting this growing optimism, more than more...
2/24/11 8:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--In response to continued interest from clients in assessing how their portfolios are performing, Charles Schwab has made Portfolio Performance Reporting available at no charge to all clients on Schwab.com. Refreshed daily, the reports can be customized so clients can improve their understanding of what’s driving portfolio performance and how much risk they’ve taken so they can make more informed decisions. more...
2/24/11 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, a leading provider of custodial, operational and trading support for more than 6,000 independent RIAs, today announced its latest Schwab Market Knowledge Tools® (MKT) report, Understanding the Hybrid Practice – Considerations for Advisors in Transition. The report outlines the considerations advisors face when evaluating a hybrid practice model, conducting a combination of traditional brokerage business more...
2/23/11 10:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today announced a new flagship platform for active traders, designed to simplify complex trading activities and provide a more intuitive experience. StreetSmart Edge™ was built to think like a trader, based on feedback from clients and Schwab’s extensive research on trader preferences and behavior, including observing how traders interact with their current trading platforms. Available to Schwab more...
2/17/11 8:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Foundation will be funding scholarship awards for top performers on the 2011 National Financial Capability Challenge, a 40-question voluntary online test that measures the financial savvy of high-school-age students across the U.S. The test-taking window for the Challenge, which was created and is administered by the U.S. Department of the Treasury in partnership with the U.S. Department of Education, more...
2/14/11 5:45 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of January 2011 include: Net new assets brought to the company by new and existing clients in January 2011 totaled $6.4 billion, including a scheduled $2.1 billion outflow related to a mutual fund clearing services client. Total client assets were $1.59 trillion as of month-end more...
2/8/11 5:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab’s quarterly survey of clients measuring investor confidence shows distinct improvements in Q4 2010. Forty-four percent of respondents say they were feeling “better off” or “much better off” financially at the end of 2010 (compared to 30 percent in Q3 2010). More than six in 10 (61 percent) of those surveyed also indicate Q4 2010 was a “good” or “very good” time to invest in equities (compared to 50 percent more...
2/8/11 5:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab’s quarterly survey of clients measuring investor confidence shows distinct improvements in Q4 2010. Forty-four percent of respondents say they were feeling “better off” or “much better off” financially at the end of 2010 (compared to 30 percent in Q3 2010). More than six in 10 (61 percent) of those surveyed also indicate Q4 2010 was a “good” or “very good” time to invest in equities (compared to 50 percent more...
2/2/11 8:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Advisor Services, a leading provider of custodial, operational and trading support for more than 6,000 independent registered investment advisory firms (RIAs), today released its industry-wide RIA mergers and acquisitions transaction report. According to the report, there were 109 M&A deals involving RIAs for the full-year 2010, the highest number of deals in a year since Schwab began tracking deal activity in more...
1/31/11 5:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Financial services firm Charles Schwab & Co., Inc. and AARP today announced plans for Schwab to launch a new financial guidance services program for AARP members. The program, AARP | Financial Guidance Services provided by Charles Schwab, will provide AARP’s millions of members nationwide access to special offers on some of Schwab’s financial guidance services. AARP provides financial education and more...
1/27/11 2:02 pm PST
SAN FRANCISCO--(BUSINESS WIRE)--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 25, 2011 to stockholders of record February 11, 2011. About Charles Schwab The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with more than 300 offices and 8.0 million client brokerage accounts, 1.5 more...
1/24/11 8:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--As an increasing number of Americans approach retirement and begin the New Year with a renewed emphasis on saving for the future, Charles Schwab is providing a smart and easy way to help minimize taxes while building retirement savings with IRA products that are easy to open and fund. In about 15 minutes, investors can open a traditional or Roth IRA account prior to the April 18 deadline at www.schwab.com/OpenIRA more...
1/20/11 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--To help teens get on the path to a brighter financial future in 2011, Charles Schwab Foundation and Boys & Girls Clubs of America (BGCA) are asking them to take the Make Change Count Pledge. Thousands of teens have already taken the pledge, which launched in October 2010. The pledge extends the message of the successful Money Matters: Make it CountSM financial education program, funded by Charles Schwab Foundation more...
1/19/11 8:45 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, a marketplace leader of ETFs, today announced it offers the new Schwab U.S. REIT ETF™ (SCHH) and the new Schwab U.S. Mid-Cap ETF™ (SCHM), expanding its existing proprietary offering to 13 equity and fixed income ETFs. Like all other Schwab ETFs, they can be bought and sold commission-free* online in Schwab accounts and have among the lowest operating expense ratios (OERs) in the industry. more...
1/18/11 5:45 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that its net income was $119 million for the fourth quarter of 2010, down 27% from $164 million for the fourth quarter of 2009. Prior to the inclusion of charges relating to the Schwab YieldPlus® Fund, Schwab’s fourth quarter net income was $218 million, up 33% over the year ago period. For the twelve months ended December 31, 2010, the company’s net income was $454 million more...
1/14/11 7:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--New findings from a recent Charles Schwab survey reveal marked differences between how men and women approach financial management. The survey, designed to understand how investors 50 and older approach their finances, found that men are more inclined to trust only themselves to make the right financial decisions (47 percent of men vs. 32 percent of women). But men are also more likely to say they’ve made more financial more...
1/13/11 9:55 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that it has scheduled a Business Update for institutional investors on Thursday, February 3, 2011. 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 more...
1/13/11 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the nation’s largest and fastest growing national donor-advised fund organizations, today reported record 2010 contributions by its donors of $1.085 billion, more than double the amount in 2009. Over the firm’s 10-year operating history, total contributions have now surpassed $5 billion and grants have surpassed $2 billion. Assets under management exceed $3 billion more...
1/11/11 10:05 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation today announced that two of its subsidiaries have entered into a resolution with the U.S. Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and Illinois regulators related to previously disclosed investigations of the company’s Schwab YieldPlus Fund®. The company released the following statement. Schwab has worked closely with these more...
12/29/10 5:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, one of the country’s leading providers of saving, investment and income solutions for people in or transitioning into retirement, is wishing a happy birthday to the first of the more than 75 million baby boomers turning 65 between now and 2029. According to the US Census, one baby boomer will reach the traditional retirement age every eight seconds for the next 18 years. While the majority (54 more...
12/29/10 5:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation ("Schwab" or the "Company") today announced the results of its solicitation of consents (the “Consent Solicitation”) from holders of record at 5:00 p.m. New York City time, on December 16, 2010 of its 6.375% Senior Notes due 2017 (the “Notes”) to terminate the Replacement Capital Covenant (the “RCC”) that was granted by Schwab in October 2007 to the holders of the Notes. The termination of more...
12/17/10 10:50 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Recent uncertainty around tax legislation has caused many Americans to delay their annual charitable contributions. But now that an agreement has been made to extend current tax cuts through 2012, donors should be kicking year-end 2010 charitable decision making into high gear, according to Schwab Charitable, one of the nation’s largest and fast growing donor-advised fund organizations. The current tax more...
12/17/10 5:45 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation ("Schwab" or the "Company") today announced that it has commenced a solicitation of consents (the “Consent Solicitation”) from holders of record at 5:00 p.m. New York City time, on December 16, 2010 of its 6.375% Senior Notes due 2017 (the “Notes”) to terminate the Replacement Capital Covenant (the “RCC”) that was granted by Schwab in October 2007 to the holders of the Notes in connection more...
12/16/10 8:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Starting today, Charles Schwab clients can enjoy more convenient access to their Schwab accounts, make trades and track the markets through Schwab’s new iPhone app, now available for download. The new application offers clients a view into their broader financial picture with Schwab from their iPhone, including Schwab Bank and brokerage accounts, Schwab 529 College Savings Plans and their Schwab-administered more...
12/14/10 5:45 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of November 2010 include: Net new assets brought to the company by new and existing clients in November 2010 totaled $8.0 billion, including $2.0 billion relating to the acquisition of Windhaven Investment Management, Inc. Total client assets were $1.513 trillion as of month-end more...
12/6/10 8:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--In the latest move designed to help investors use fixed income to meet their investing goals, Charles Schwab has introduced a new issue municipal bond calendar that makes it easier for its clients to review, research and order new municipal bonds online. Using the new issue municipal calendar now available to all retail investors and, later this month, to independent investment advisors who custody their assets more...
12/1/10 2:48 pm PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation today announced the appointment of Marie A. Chandoha as president and CEO of Charles Schwab Investment Management, Inc. (CSIM) the investment advisor to Schwab and Laudus Funds. Chandoha will report to Schwab CEO Walt Bettinger. Chandoha joined Schwab in September of this year as Chief Investment Officer for CSIM, leading portfolio management and overseeing nearly $190 billion in more...
11/30/10 11:06 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today released new data revealing that while active traders are feeling more optimistic about market conditions than they did six months ago, few are confident that their portfolios are properly hedged against risk. The latest Charles Schwab Active Trader Sentiment Survey polled more than 500 individual investors who trade frequently (at least 36 times per year). Key findings include: more...
11/17/10 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab’s quarterly survey of clients measuring investor confidence reveals that confidence in the market has stabilized, with the majority of investors (88%) feeling at least somewhat confident about making investment decisions. Investor outlook on equities specifically remained steady during the third quarter, with fifty percent of clients saying now is a good time to invest in equities. Despite this rally in more...
11/16/10 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, a 401(k) service provider to approximately 1.5 million company retirement plan participants, today released additional details from a recent research study, “The New Rules of Engagement for 401(k) Plans.” The study shows that while professional advice plays a critical and direct role in positively impacting the behavior of 401(k) plan participants, additional 401(k) plan features including the employer more...
11/12/10 5:45 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of October 2010 include: Net new assets brought to the company by new and existing clients in October 2010 totaled $6.8 billion. Total client assets were $1.510 trillion as of month-end October, up 12% from October 2009 and up 3% from September 2010. Client more...
11/11/10 4:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Today, Charles Schwab released findings from its latest quarterly retirement pulse survey designed to understand how pre-retiree baby boomers approach fundamental questions about when it’s time to retire. According to the results, 46 percent of 50- to 60-year olds have a target date or age in mind, 38 percent have a target nest egg in mind, and 34 percent have neither of these. To understand how people actually more...
11/10/10 9:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Bank, a trust and custody service provider to 401(k) and other retirement plans announced today the addition of the Schwab Institutional Diversified International Trust Fund to its suite of collective trust funds. The Fund, designed specifically for investment by retirement plan sponsors and participants, is available through Charles Schwab Trust Company, a division of Charles Schwab Bank. The Fund is also more...
11/10/10 8:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation today announced the completion of its acquisition of Windward Investment Management, Inc. for $150 million in cash and stock. The acquisition agreement was originally announced August 30, 2010. As of September 30, Windward managed $4.24 billion in client assets. “We are pleased to be able to provide our investment advisor and retail clients with convenient and cost effective access more...
11/9/10 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab announced today that exchange-traded fund (ETF) assets held by its individual investor and independent advisor clients have exceeded $100 billion1. This significant milestone was achieved in part because of the early success of Schwab’s own ETF products. Assets under management in Charles Schwab Investment Management, Inc. (CSIM) Schwab ETFs™ now exceed $2 billion2, and Schwab Managed Portfolios™ Exchange- more...
11/8/10 1:43 pm PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Investment Management and Charles Schwab & Co., Inc. today notified counsel for the plaintiffs in a consolidated class action lawsuit relating to the Schwab YieldPlus Fund® that Schwab is invoking the termination provisions of the settlement agreements in those actions. Schwab has also filed with the court a notice of withdrawal from the original motions filed jointly by plaintiffs and defendants for more...
10/28/10 6:30 am PDT
BOSTON--(BUSINESS WIRE)--Today, Charles Schwab, a leading provider of custodial, operational and trading support for more than 6,000 independent investment advisory firms, announced the winners of the fifth annual IMPACT Awards® – an industry-wide awards program to honor advisors and firms that have advanced the industry through their visionary leadership, operational excellence, technology innovation and exceptional growth. The winners were more...

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