Press Releases

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...
2/12/10 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 January 2010 include: Net new assets brought to the company by new and existing clients in January 2010 totaled $6.0 billion. Total client assets were $1.401 trillion as of month-end January, up 27% from January 2009 and down 2% from December 2009 more...
2/10/10 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--As independent investment advisors become more focused on succession planning and mergers and acquisitions (M&A), Charles Schwab and Co., Inc., a leading provider of custodial, operational and trading support for approximately 6,000 registered independent advisors (RIAs), is releasing two new and instructive Schwab Market Knowledge Tools® (MKT) reports to help advisors implement succession planning, value their more...
2/9/10 10:03 am PST
CHICAGO--(BUSINESS WIRE)--According to a new Charles Schwab survey, over half of Chicago investors think the recession will continue for at least another year. Only 5 percent believe the recession has already ended. While an increase in unemployment is an indicator that the recession is over from an economic perspective, survey respondents note it is one of two personal indicators that the recession is in fact not over. For one third (33 more...
2/9/10 10:03 am PST
CHICAGO--(BUSINESS WIRE)--According to a new Charles Schwab survey, over half of Chicago investors think the recession will continue for at least another year. Only 5 percent believe the recession has already ended. While an increase in unemployment is an indicator that the recession is over from an economic perspective, survey respondents note it is one of two personal indicators that the recession is in fact not over. For one third (33 more...
2/9/10 9:59 am PST
HOUSTON--(BUSINESS WIRE)--According to a new Charles Schwab survey, over half of Houston investors think the recession will continue for at least another year. Only 6 percent believe the recession has already ended. While an increase in unemployment is an indicator that the recession is over from an economic perspective, survey respondents note it is one of two personal indicators that the recession is in fact not over. For 25 percent of more...
2/9/10 9:59 am PST
SEATTLE--(BUSINESS WIRE)--According to a new Charles Schwab survey, over half of Seattle investors think the recession will continue for at least another year. Only 5 percent believe the recession has already ended. While an increase in unemployment is an indicator that the recession is over from an economic perspective, survey respondents note it is one of two personal indicators that the recession is in fact not over. For 32 percent of more...
2/9/10 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab & Co. Inc., a leading provider of custodial, operational and trading support for approximately 6,000 registered investment advisors (RIAs), reported that it held 153 practice management and technology events attended by more than 3,000 advisors in 2009, double the number it held in 2008. The regional events, held in addition to Schwab’s larger advisor gatherings such as IMPACT®, covered a range of more...
2/4/10 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the nation’s largest and fastest growing donor advised funds, and UC Berkeley’s Haas School of Business Center for Nonprofit and Public Leadership today announced their next Philanthropy Speaker Series event. “The Promise of Philanthropic Prizes to Drive Innovation” will bring together a distinguished panel of leading philanthropists who use prizes to leverage more...
1/27/10 1:50 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 26, 2010 to stockholders of record February 12, 2010. About Charles Schwab The Charles Schwab Corporation (Nasdaq:SCHW) is a leading provider of financial services, with more than 300 offices and 7.7 million client brokerage accounts, 1. more...
1/25/10 9:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Confirming the growing appeal of the independent investment advisor industry, Schwab announced today that it has helped more than 500 advisor teams convert to independence since the company began focusing on this segment in 2005. These teams manage $45.5 billion of the total $590 billion currently custodied at Schwab. In 2009, Schwab had a record year, supporting 172 new advisory teams as they either started or joined an more...
1/20/10 5:42 pm PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation (NASDAQ:SCHW) (the “Company”) today announced that it has priced its underwritten public offering of 26,316,000 shares of its common stock at $19.00 per share. The Company has granted the underwriters a 30-day option to purchase up to 3,947,400 additional shares of its common stock to cover over-allotments, if any. The Company estimates that the net proceeds from this offering, after more...
1/19/10 1:41 pm PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation (NASDAQ:SCHW) (the “Company”) today announced that it has commenced an underwritten public offering of approximately 26.3 million shares of its common stock. The Company intends to grant the underwriters a 30-day option to purchase up to approximately 3.9 million additional shares of its common stock to cover over-allotments, if any. The Company intends to use the net proceeds of more...
1/19/10 1:31 pm PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that its net income was $164 million for the fourth quarter of 2009, down 47% from the fourth quarter of 2008. These results are consistent with the outlook expressed in the company’s press release dated December 14, 2009. For the twelve months ended December 31, 2009, the company’s net income was $787 million, down 35% from the year-earlier period more...
1/19/10 7:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Schwab today announced the immediate availability of six new managed portfolios of exchange-traded funds (ETFs) available through a low cost fee-based portfolio advisory program. The new portfolios are the latest addition to a broad range of professionally managed investment solutions available to Schwab clients seeking advice. Schwab Managed Portfolios-ETFs are made up of diversified ETF holdings representing more...
1/15/10 8:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Performance Technologies (SPT), a leading provider of technology solutions for independent investment advisors (RIAs), today announced changes to its pricing that will provide greater access to its services and ensure that pricing is not an obstacle to firms seeking to outsource data management and performance reporting. SPT is lowering the annual minimum fee for PortfolioServices, the company’s hosted performance more...
1/14/10 7:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Investment Management, Inc. (CSIM) has launched its seventh and eighth exchange-traded funds with low operating expense ratios and commission-free online trading in Schwab accounts. The latest two are the Schwab Emerging Markets Equity ETF (SCHE) and the Schwab International Small-Cap Equity ETF (SCHC) and they begin trading on Jan. 14th, 2010. The first four Schwab ETFs — U.S. Broad Market more...

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