Press Releases

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...
5/17/10 8:00 am PDT
INDIANAPOLIS--(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 7:00 am PDT
RICHFIELD, Ohio--(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 Schwab 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 more...
5/17/10 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation’s annual Schwab Volunteer Week begins today with a heightened focus on helping everyday Americans become more financially fit. This year’s Volunteer Week, which runs through Friday, May 21, marks the seventh consecutive year Schwab has galvanized its employees to give back during a designated period of company-sponsored time off. Throughout the week, nearly 2,000 employees and executives more...
5/14/10 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 April 2010 include: Net new assets brought to the company by new and existing clients in April 2010 totaled $3.8 billion, reflecting client cash disbursements during tax season. Total client assets were $1.512 trillion as of month-end April, up 30% from April 2009 more...
5/5/10 4:36 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that it has entered an agreement with plaintiffs to settle all claims in a civil class action lawsuit related to the Schwab YieldPlus Fund®, including a California state law claim not included in an earlier settlement with plaintiffs announced on April 20, 2010. The combined settlement agreement remains subject to preliminary and final court approval. Related regulatory more...
4/29/10 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 the launch of Customized Grants Letterhead feature for charitable gift accounts at no cost. The innovative feature enables donors to create a special name for their charitable gift account (i.e., “Smith Family Fund”) and recommend grants to charities accompanied by personalized more...
4/28/10 5:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Investors find it hard to “walk the talk” when saving for retirement, according to the recent quarterly Real Life Retirement pulse survey from Charles Schwab. Nearly three in ten investors believe they should contribute 10 percent of their income to retirement, yet twice that number of investors – 60 percent – are allocating less. Additionally, 20 percent of those surveyed are saving nothing for retirement. “We more...
4/27/10 12:50 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 May 21, 2010 to stockholders of record May 7, 2010. About Charles Schwab The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with more than 300 offices and 7.8 million client brokerage accounts, 1.5 million more...
4/27/10 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--In working with the 6,000 independent investment advisory firms (RIAs) that custody assets with the company, Charles Schwab Advisor Services™ has found in the past few years that an increasing number are considering adding experienced advisors to their firms as a way to grow their practices, increase services for their clients, or create succession plans. As a result, Schwab now offers a host of resources, events and more...
4/26/10 1:15 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that it has scheduled a Business Update for institutional investors on Tuesday, May 11, 2010. 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 8:25 a.m. - 12:10 p.m. PT, 11:25 a.m. - 3:10 p.m. ET. Participants will include members of the company’s more...
4/26/10 6:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Eighteen-year-old Tamara Johnson of Santa Fe, N.M., has won the prestigious honor of serving as National Ambassador for the Money Matters: Make it CountSM program, sponsored by Boys & Girls Clubs of America (BGCA) and Charles Schwab Foundation. The role of the National Ambassador is to serve as spokesperson for the program and to spread the word about why getting grounded in the basics of money management is so more...
4/26/10 3:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today released new data showing that active traders are turning more neutral about the stock market and are taking steps to better manage perceived volatility and risk. The latest Charles Schwab Active Trader Sentiment Survey polled more than 500 individual investors who trade frequently. Key findings include: 28 percent expressed a bullish outlook for the market in the next six months more...
4/22/10 5:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Global investment bank J.P. Morgan and financial services firm Charles Schwab today announced an agreement that offers Schwab clients access to J.P. Morgan’s fixed income securities, including new-issue and secondary municipal bonds, corporate debt securities and non-convertible preferred securities. J.P. Morgan also agreed to provide Schwab clients with access to J.P. Morgan’s award-winning research covering fixed income more...
4/21/10 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The road to financial independence for today’s youth stretches out farther than ever before, with 41 percent of so-called “sandwich generation” parents continuing to provide at least some financial support to their young adult children, according to the 2010 Families & Money Survey released today by Charles Schwab & Co., Inc. The survey polled adults who have at least one child between the ages of 23-28, as well more...
4/20/10 5:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that it has signed a memorandum of understanding with plaintiffs to settle federal securities law claims in a civil class action lawsuit related to the Schwab YieldPlus Fund®. The preliminary settlement is subject to a definitive agreement and final approval of the court. Other related regulatory matters and a California state law claim remain open. As disclosed more...
4/15/10 5:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that its net income was $119 million for the first quarter of 2010, down 45% from the first quarter of 2009. Chairman Charles Schwab commented, “Our plan this year is to continue expanding and improving the services and resources we provide to help investors reach their financial goals while delivering the convenience and great value we’ve always stood for. We made more...
4/12/10 8:58 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Investment Management, Inc. (CSIM) announced today that assets under management in its eight Schwab exchange-traded funds (ETF) exceeded $1 billion on April 6, 2010. Since the first four Schwab ETFs(tm) launched five months ago, they have seen significant adoption in the market, driven in part by low operating expense ratios and commission-free online trading in Schwab accounts. "We’re delighted more...
4/8/10 12:03 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--As the tax deadline approaches and refunds arrive, Charles Schwab & Co., Inc. recommends that investors take stock of their finances to ensure the full benefits of returns are realized. “While new electronics and vacations are tempting, we encourage our clients to use refunds to support longer-term financial goals,” said Kim Segal, financial consultant in Schwab’s Boston branch. “Particularly in today’s more...
3/31/10 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--According to new data* from Charles Schwab, a 401(k) provider to approximately 1.5 million company retirement plan participants, employers remain focused on engaging their employees in retirement savings and providing 401(k) plan features that help drive positive savings behaviors. Through the end of 2009, 70 percent of plans serviced by Schwab made 401(k) investing advice available to participants, up from 62 percent in more...
3/25/10 9:11 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Investment Management, Inc. (CSIM), the asset management arm of The Charles Schwab Corporation, a leading provider of bond and equity mutual funds, announced today that the Schwab California Tax-Free Bond Fund (SWCAX) was awarded “Best California Intermediate Municipal Debt Fund over Ten Years” out of 21 qualified funds, marking the second straight year Schwab’s bond fund has been recognized more...
3/25/10 5:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation (NYSE:SCHW), a leading provider of financial services for individual investors, independent investment advisors, and employers, announced today that it received the highest customer loyalty ranking in the consumer brokerage and investment sector based on the Satmetrix 2010 Net Promoter® industry rankings. A company’s Net Promoter Score is based on customers’ likelihood to more...
3/17/10 7:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--As the April 15 tax deadline looms and people are thinking about how investing in an IRA might play a role in their retirement savings strategy, new data* from Charles Schwab shows that more people are rolling 401(k) savings into an IRA when leaving a job. According to Schwab data, 69 percent of assets held by 401(k) participants who left their job in the fourth quarter of 2008 had been distributed from former employers more...
3/17/10 7:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--As the April 15 tax deadline looms and people are thinking about how investing in an IRA might play a role in their retirement savings strategy, new data* from Charles Schwab shows that more people are rolling 401(k) savings into an IRA when leaving a job. According to Schwab data, 69 percent of assets held by 401(k) participants who left their job in the fourth quarter of 2008 had been distributed from former employers more...
3/15/10 5:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--As part of its commitment to providing investors with a wide array of fixed income solutions and simplicity in the investing process, Charles Schwab & Co., Inc. is offering four Municipal Bond Ladder Separately Managed Account (SMA) strategies managed by PIMCO, one of the most respected bond managers in America. The competitively priced strategies are designed for fixed income investors seeking tax-advantaged solutions more...
3/15/10 5:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--As part of its commitment to providing investors with a wide array of fixed income solutions and simplicity in the investing process, Charles Schwab & Co., Inc. is offering four Municipal Bond Ladder Separately Managed Account (SMA) strategies managed by PIMCO, one of the most respected bond managers in America. The competitively priced strategies are designed for fixed income investors seeking tax-advantaged solutions more...
3/12/10 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 February 2010 include: Net new assets brought to the company by new and existing clients in February 2010 totaled $7.9 billion. Total client assets were $1.432 trillion as of month-end February, up 37% from February 2009 and up 2% from January 2010 more...
3/10/10 8:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--As the country gets into the heart of tax season, people are thinking about investing in IRAs as a way to help maximize tax savings and plan for retirement. For those people considering a Roth IRA conversion, Schwab is making additional resources and tools available to investors, independent investment advisor clients, and 401(k) plan participants designed to help navigate the decision making process. Prior to more...
3/10/10 8:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--As the country gets into the heart of tax season, people are thinking about investing in IRAs as a way to help maximize tax savings and plan for retirement. For those people considering a Roth IRA conversion, Schwab is making additional resources and tools available to investors, independent investment advisor clients, and 401(k) plan participants designed to help navigate the decision making process. Prior to more...
3/8/10 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the nation’s largest and fastest growing donor-advised funds, and the Center for Nonprofit and Public Leadership at the UC Berkeley Haas School of Business will host their next Philanthropy Speaker Series event (“Investment Advisors and Philanthropy”) on March 16 at 12:30 p.m. in the Wells Fargo Room C420 of the Cheit Building at Haas. The event will bring together leading investment more...
3/4/10 5:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--According to the latest Real Life Retirement quarterly pulse survey by Charles Schwab & Co, Inc., investors still remain uncertain about the future of the economy, with more than half (54 percent) expecting another dip before the stock market settles. But investors are taking a proactive approach to future investing, with 46 percent focused on growing their retirement savings and just 29 percent on protecting, more...
3/2/10 9:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Independent investment advisors see a renewed emphasis on personal financial discipline emerging as the silver lining of the worst stock market downturn since the 1930s, according to Charles Schwab’s most recent survey of independent registered investment advisors. Charles Schwab is a leading provider of custodial, operational and trading support for approximately 6,000 independent registered investment more...
2/22/10 2:13 pm PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation (NASDAQ:SCHW), a leading provider of financial services for individual investors, independent investment advisors, and employers, today announced that it is transferring the listing of its common stock to the New York Stock Exchange (“NYSE”). The company expects to begin trading on the NYSE on March 5, 2010, using its current symbol “SCHW”. The company will continue to more...
2/22/10 2:13 pm PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation (NASDAQ:SCHW), a leading provider of financial services for individual investors, independent investment advisors, and employers, today announced that it is transferring the listing of its common stock to the New York Stock Exchange (“NYSE”). The company expects to begin trading on the NYSE on March 5, 2010, using its current symbol “SCHW”. The company will continue to more...
2/22/10 8:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--As Americans enter tax season with a renewed focus on the importance of saving, 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 and provide value for investors, as well as access to professional guidance. In about 15 minutes, investors can open a traditional or Roth IRA account prior to the April 15 deadline at www.schwab. more...

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