Press Releases

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...
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...

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