Press Releases

10/28/10 5:30 am PDT
BOSTON--(BUSINESS WIRE)--Charles Schwab, a leading provider of custodial, operational and trading support for more than 6,000 independent RIAs, today announced its latest RIA industry report, Best-Managed Firms: Client Segmentation Strategies – Optimizing client experience and firm performance. The report, which is part of the Schwab Market Knowledge Tools® (MKT) series, is an in-depth examination of how client segmentation strategies can help RIAs more...
10/27/10 7:00 am PDT
BOSTON--(BUSINESS WIRE)--In his opening remarks at IMPACT® 2010 in front of more than 3,300 attendees, Executive Vice President and Charles Schwab Advisor Services leader Bernie Clark announced that the company has selected three leading client relationship management (CRM) providers – salesforce.com, Microsoft and Junxure – for participation in Schwab Intelligent Integration™. Schwab Intelligent Integration is a multi-year initiative currently in more...
10/27/10 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the nation’s largest and fastest growing national donor-advised fund organizations, announced today that both contributions to and grants from its donor-advised fund will likely reach record levels in 2010. As of September 30, contributions for 2010 were $610 million, up 274% from the same period in 2009 and up 90% from the same period in 2008. Grants to charities totaled $262 more...
10/26/10 12:03 pm PDT
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 November 26, 2010 to stockholders of record November 12, 2010. About Charles Schwab The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with more than 300 offices and 7.9 million client brokerage accounts, 1.5 more...
10/25/10 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Aiming to harness the power of America’s youth and drive a national movement inspiring teens to make positive financial choices and help others, Charles Schwab Foundation and Boys & Girls Clubs of America (BGCA) have launched the Make Change Count Pledge. The pledge aims to deepen and extend the message of the successful six-year-old Money Matters: Make it CountSM financial education program funded by Charles Schwab more...
10/18/10 2:53 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, October 27, 2010. 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 more...
10/15/10 5:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that its net income was $124 million for the third quarter of 2010, down 38% from $200 million for the third quarter of 2009. Schwab’s third quarter net income was $218 million prior to the inclusion of previously announced charges totaling $94 million after-tax. Those charges relate to the company’s decisions to cover the net remaining losses recognized by its money market more...
10/15/10 5:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that its net income was $124 million for the third quarter of 2010, down 38% from $200 million for the third quarter of 2009. Schwab’s third quarter net income was $218 million prior to the inclusion of previously announced charges totaling $94 million after-tax. Those charges relate to the company’s decisions to cover the net remaining losses recognized by its money market more...
10/14/10 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Foundation President Carrie Schwab-Pomerantz has been named an appointee to the President’s Advisory Council on Financial Capability, whose charter is to advise President Barack Obama on promoting and enhancing financial literacy and capability among the American people. The new Council is a part of President Obama’s broader commitment to promote financial capability and protect American more...
10/4/10 9:00 am PDT
--(BUSINESS WIRE)--Charles Schwab Corporation (NYSE:SCHW):       What:     On Monday, October 4, Charles Schwab is launching @Schwab4RIAs, a new Twitter more...
10/1/10 10:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Independent registered investment advisors (RIAs) who actively manage their technology investments generate more income and spend considerably less on technology, according to a new report from Charles Schwab Advisor Services. Using results from the 2010 RIA Benchmarking Study and additional interviews with advisors, Integrating Technology into Your Practice: Keys to Improving Productivity divides advisors into two types more...
9/21/10 7:00 am PDT
CHICAGO--(BUSINESS WIRE)--At the 2010 National Association of Stock Plan Professionals (NASPP) conference in Chicago, Ill., and on the heels of a highly successful pilot, Charles Schwab today announced plans to launch a new Equity Award Consultation Team for corporate stock plan clients. The team, which will formally launch in the first quarter of 2011, will provide personalized education and guidance for U.S.-based participants in the corporate equity more...
9/21/10 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--As part of its mission to foster financial literacy as the underpinning of financial well-being, Charles Schwab Foundation has announced the 2010 winners of the Innovation Awards. The annual awards recognize unique and enterprising techniques for delivering the Money Matters: Make It Count curriculum, a Charles Schwab Foundation-funded financial education program taught in Boys & Girls Clubs around the country. One more...
9/15/10 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 August 2010 include: Net new assets entering the company by new and existing clients in August 2010 totaled $4.2 billion. Total client assets were $1.394 trillion as of month-end August, up 6% from August 2009 and down 2% from July 2010. Client daily more...
9/15/10 5:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, a 401(k) service provider to approximately 1.5 million company retirement plan participants, today released the findings of a new research study which reveals that professional advice has a direct and positive impact on the behavior of 401(k) plan participants. The study, which combines an in-depth behavioral analysis of 401(k) plans serviced by Schwab and a nationwide attitudinal survey of more than 1, more...
9/13/10 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Aiming to meet young adults where they spend their time, Charles Schwab has launched a SchwabMoneyWise Facebook page to engage Gen Y in a dialog about “financial firsts.” The page is an extension of Schwab’s Money Mondays campaign, an educational program focused on helping people improve everyday money behaviors, and provides a forum for more in-depth discussion with young adults. The SchwabMoneyWise more...
8/31/10 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, one of the country’s leading providers of savings, investment and income solutions for people in or transitioning into retirement, today released the findings of its quarterly retirement pulse survey which reveals that baby boomers approaching retirement in today’s rocky economic conditions have maintained a surprisingly stable view about their retirement prospects. According to findings from the more...
8/30/10 5:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation today announced an agreement to acquire Windward Investment Management, Inc., for $150 million in stock and cash. The deal is expected to close during the fourth quarter, subject to customary closing conditions. Headquartered in Boston, Windward Investment Management is an investment advisory firm that manages $3.9 billion at July 31, 2010 in three broadly diversified investment more...
8/26/10 8:03 am PDT
--(BUSINESS WIRE)--The Charles Schwab Corporation (NYSE:SCHW): What: As part of Charles Schwab’s commitment to help people save, invest and manage their money, Chief Investment Strategist Liz Ann Sonders will be taking investors’ questions about the economy and overall market environment via Schwab’s corporate Twitter handle @CharlesSchwab more...
8/25/10 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--While world events have caused independent investment advisors to maintain a somewhat conservative outlook, there are still a few bright spots in their forecast, according to Charles Schwab’s latest survey of independent registered investment advisors. Nearly 60 percent of advisors surveyed say a double-dip recession in the U.S. is unlikely over the next six months, and more than 60 percent expect the S&P to increase more...
8/24/10 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, a 401(k) provider to approximately 1.5 million company retirement plan participants, today released new insights into the growing number of employers providing their employees with value-added 401(k) plan features that help drive positive plan participation and savings behaviors. According to data collected from 401(k) plans serviced by Schwab Retirement Plan Services, Inc. through the first half more...
8/17/10 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Foundation will award $1,000 college scholarships to 20 students in recognition of their achievement on the 2010 National Financial Capability Challenge, a national award program administered by the U.S. Department of Education and the U.S. Department of the Treasury. Additionally, the Foundation will award a $1,000 grant to each of the winning students’ schools in recognition of the contributing role more...
8/13/10 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 July 2010 include: Net new assets entering the company by new and existing clients in July 2010 totaled $6.2 billion. Total client assets were $1.421 trillion as of month-end July, up 11% from July 2009 and up 4% from June 2010. Client daily average more...
8/5/10 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, a marketplace leader of ETFs, today announced the launch of three proprietary bond ETFs, adding to a suite of eight equity Schwab ETFs™. The Schwab Bond ETFs provide single-investment exposure to three types of U.S. Treasuries – short-term, intermediate-term and inflation-protected securities. “There is growing demand from investors, traders and advisors for ETFs at a low cost,” said Peter more...
8/2/10 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--As part of its Money Mondays initiative on schwabmoneywise.com, Charles Schwab is launching the first in a series of contests with $100 cash prizes to encourage young people to share their money experiences and spark a dialogue on the high-avoidance topic of personal finance. Beginning today, the contests will pose a different question on each alternating Monday throughout the year on the unique challenges more...
7/29/10 9:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today reported a surge of activity in its online community for active traders during the tumultuous second quarter. A record number of messages were posted to the community between April 2010 and June 2010 and overall activity jumped 35 percent from the previous quarter. “Clearly, our active trader clients see value in having a place where they can swap information, ideas and trading experiences more...
7/27/10 1:44 pm PDT
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 August 27, 2010 to stockholders of record August 13, 2010. About Charles Schwab The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with more than 300 offices and 7.9 million client brokerage accounts, 1.5 million more...
7/16/10 5:03 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that its net income was $205 million for the second quarter of 2010, flat to the second quarter of 2009 and up from $6 million for the first quarter of 2010. For the six months ended June 30, 2010, the company’s net income was $211 million, down 50% from the year-earlier period. Schwab’s first quarter and year-to-date 2010 results include charges totaling $120 million after- more...
7/15/10 7:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the nation’s largest and fastest growing national donor-advised fund organizations, reports that contributions from its donors for fiscal year 2010 reached the highest level in its 10 year operating history. A donor-advised fund is a charitable vehicle that allows donors to realize the possible tax benefits of charitable giving, while flexibly supporting their favorite charities over time more...
7/13/10 4:31 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, July 28, 2010. 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...
7/12/10 12:39 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, a marketplace leader of exchange traded funds (ETFs), today announced permanent operating expense ratios (OERs) reductions on six of eight Schwab ETFs™, meaning that no other ETFs offer lower expense ratios in their categories than Schwab ETFs™. The six ETFs reducing OERs include: Schwab U.S. Broad Market ETFTM from 0.08% to 0.06% Schwab U.S. Large-Cap Growth ETFTM from 0. more...
7/7/10 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--As the markets continue to move sideways, independent registered investment advisors (RIAs) are looking ahead, with the vast majority seeking to grow while maintaining or increasing firm profitability. According to the 2010 RIA Benchmarking Study from Charles Schwab, a cornerstone of Schwab Advisor Services’ Business Consulting Services practice management program for RIA clients, 84 percent of participating advisors more...
6/29/10 1:15 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, a leading provider of custodial, operational and trading support for more than 6,000 independent investment advisory firms, today announced additional details on the integrated technology platform the company is developing, including the official name and a new web site dedicated to the initiative. Schwab Intelligent Integration™, formerly referred to as Project C, is designed to increase integration more...
6/24/10 9:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, a leading provider of custodial, operational and trading support for approximately 6,000 independent investment advisory firms, is currently accepting nominations for its annual IMPACT Awards. Now in its fifth year, the IMPACT Awards program honors advisors and firms that have advanced the industry through their visionary leadership, operational excellence and technology innovation. The winners will be more...
6/23/10 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab announced today that assets under management in its collective trust funds, designed specifically for retirement plan sponsors and participants and available through Charles Schwab Trust Company, a division of Charles Schwab Bank, recently surpassed $10 billion. The appeal of these funds, which include active and index target date retirement trust funds, stable value fund, fixed income, and equity funds, more...
6/21/10 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--As part of its ongoing rollout of tools and resources to help advisors transition to new cost basis reporting requirements, Charles Schwab, a leading provider of custodial, operational and trading support for more than 6,000 independent registered investment advisor firms (RIAs), today announced a new report to help advisors plan for the change. The Emergency Economic Stabilization Act of 2008 mandates for the first more...
6/17/10 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab has announced a new educational campaign to help young adults facing “financial firsts” as they graduate, start working and begin living on their own. The campaign will be delivered through Schwab’s award-winning educational website, www.SchwabMoneyWise.com, and via Twitter. A new hub on schwabmoneywise.com now addresses the specific financial challenges facing young people in their 20s who are more...
6/16/10 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, a leading provider of custodial, operational and trading support for more than 6,000 independent investment advisory firms, has launched Schwab Advisor University, an interactive online training program to help registered investment advisors (RIAs) improve operational productivity and performance. Located on Schwab Advisor Center, Schwab’s website for its RIA clients, the self-paced classes have been more...
6/16/10 5:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Recent market volatility has caused many 401(k) investors to wonder if their retirement savings are on track. Charles Schwab, a 401(k) service provider to approximately 1.5 million company retirement plan participants, is encouraging people to perform a mid-year review of their 401(k) plan investments, and has outlined a simple process to help guide these reviews. “The halfway point for the year provides a good more...
6/15/10 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the nation’s largest and fastest growing national donor-advised fund organizations, has issued a brief on the benefits of using charitable giving to help reduce taxes resulting from Roth IRA Conversions. The brief—“How Charitable Giving Can Help Reduce Taxes Resulting from Roth IRA Conversions”—includes guidance on determining whether converting to a Roth IRA makes sense more...
6/14/10 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 May 2010 include: Net new assets brought to the company by new and existing clients in May 2010 were $4.7 billion, apart from a $29.5 billion outflow related to a mutual fund clearing services client who began a scheduled transfer of assets to an internal platform. Including this clearing more...
6/14/10 5:15 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, a marketplace leader of exchange traded funds (ETFs), today announced permanent operating expense ratios (OERs) reductions on six of eight Schwab ETFs™, meaning that no other ETFs offer lower expense ratios in their categories than Schwab ETFs™. The six ETFs reducing OERs include: Schwab U.S. Broad Market ETFTM from 0.08% to 0.06% Schwab U.S. Large-Cap Growth ETFTM from 0. more...
6/14/10 5:15 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, a marketplace leader of exchange traded funds (ETFs), today announced permanent operating expense ratios (OERs) reductions on six of eight Schwab ETFs™, meaning that no other ETFs offer lower expense ratios in their categories than Schwab ETFs™. The six ETFs reducing OERs include: Schwab U.S. Broad Market ETFTM from 0.08% to 0.06% Schwab U.S. Large-Cap Growth ETFTM from 0. more...
6/3/10 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The 2010 Annual Broker Survey by SmartMoney, The Wall Street Journal magazine, names Charles Schwab & Co., Inc. "best broker" in two categories — research and mutual funds / investment products. In the magazine's June, 2010 issue, 17 firms were rated in the discount brokerage rankings with Schwab rated best in research for the second year in a row. “At Schwab, we empower individual investors by providing the more...
5/28/10 5:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--On 5/29 Day, Charles Schwab reminds parents that the sooner they start saving and investing in a 529 plan for college savings, the more flexibility they will have in paying for their children’s education. “To get the most out of college savings, parents must let their money work as hard as possible for them,” said Rene Kim, senior vice president of Schwab Investor Services. “Every dollar that parents save for their more...
5/27/10 9:09 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab is proud to announce its Premier level sponsorship of this year’s Frameline34 event in San Francisco. This marks the third consecutive year Schwab has sponsored the international LGBT film festival and an increase in sponsorship level over the past two years. Headquartered in San Francisco, Schwab has a longstanding commitment to inclusion, embracing the diversity reflected within its workforce, clients, more...
5/19/10 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the nation’s largest and fastest growing national donor-advised fund organizations, today announced results for the inaugural year of its innovative Double Give Microfinance Guarantee Program. According to the latest Microfinance Guarantee Quarterly Report, Schwab Charitable Donors have signed Program Participation Agreements totaling $10,000,000 in guarantees from their more...
5/17/10 11:00 am PDT
DENVER--(BUSINESS WIRE)--Local Charles Schwab employees begin participating today in the company’s annual Schwab Volunteer Week, with a heightened focus this year on helping everyday Americans become more financially fit. This year’s Volunteer Week, which runs through May 21, marks the company’s seventh consecutive year that Schwab has galvanized its employees to give back during a designated period of company-sponsored time off. During the week, more...
5/17/10 10:00 am PDT
PHOENIX--(BUSINESS WIRE)--Local Charles Schwab employees begin participating today in the company’s annual Schwab Volunteer Week, with a heightened focus this year on helping everyday Americans become more financially fit. This year’s Volunteer Week, which runs through May 21, marks the company’s seventh consecutive year that Schwab has galvanized its employees to give back during a designated period of company-sponsored time off. During the week, more more...
5/17/10 9:00 am PDT
AUSTIN, Texas--(BUSINESS WIRE)--Local Charles Schwab employees begin participating today in the company’s annual Schwab Volunteer Week, with a heightened focus this year on helping everyday Americans become more financially fit. This year’s Volunteer Week, which runs through May 21, marks the company’s seventh consecutive year that Schwab has galvanized its employees to give back during a designated period of company-sponsored time off. During the week more...

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