Press Releases

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...
1/7/10 5:45 am PST
SAN FRANCISCO--(BUSINESS WIRE)--In its ongoing effort to make investing more accessible and affordable, The Charles Schwab Corporation today announced reductions in online equity trade commissions designed to provide greater value for investors of all sizes, regardless of the frequency or size of their trades. Beginning January 19, Schwab retail investors will pay just $8.95 per online trade in stocks or non-Schwab exchange traded funds. (Schwab ETFs more...
12/16/09 5:45 am PST
SAN FRANCISCO--(BUSINESS WIRE)--For Americans who’ve waited for higher stock prices before making donations of securities to their favorite charities, there are a number of ways to make charitable contributions and still beat year-end tax deadlines, according to Schwab Charitable. Recent data indicates that charitable giving remains a high priority in most American households and has weathered the recession far better than other more...
12/15/09 5:01 am PST
SAN FRANCISCO--(BUSINESS WIRE)--To assist in helping everyone be financially fit, Charles Schwab is offering a series of tips to help investors be better positioned to begin the New Year. “While it’s tempting to be more focused on holiday spending this time of year, we’re encouraging our clients to spend more time and energy on taking a serious look at their finances,” said Paul Lebouef, Charles Schwab financial more...
12/14/09 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 2009 include: Net new assets brought to the company by new and existing clients in November 2009 totaled $6.0 billion. Total client assets were $1.397 trillion as of month-end November, up 26% from November 2008 and up 4% from October 2009 more...
12/11/09 5:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Investment Management, Inc. (CSIM) has launched another two exchange-traded funds with low operating expense ratios and commission-free online trading in Schwab accounts. The Schwab U.S. Large-Cap Growth ETF (SCHG) and the Schwab U.S. Large-Cap Value ETF (SCHV) began trading on Dec. 11. The first four Schwab ETFs — U.S. Broad Market (SCHB), U.S. Large-Cap (SCHX), U.S. Small-Cap (SCHA) and more...
12/8/09 5:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today released new data showing that active traders are feeling increasingly more optimistic about the stock market and the U.S. economic recovery. In October 2009, the latest Charles Schwab Active Trader Sentiment survey polled nearly 300 individual investors who trade frequently. Key findings include: Half of respondents (50 percent) report a bullish outlook for the market in the next more...
12/7/09 9:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--As more U.S. companies look to adopt the International Financial Reporting Standards (IFRS), Charles Schwab has added industry-leading fully-integrated IFRS 2 reporting functionality into its Schwab EquiView® record-keeping system for corporate stock plan clients. IFRS 2 is the portion of the International Financial Reporting Standards that specifically addresses the expensing of equity compensation granted by more...
12/1/09 5:01 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Americans are becoming more realistic about retirement, with nearly half of those currently eligible for Social Security now planning to work in their “golden years.” But there is one thing all generations refuse to change: 95 percent say they would not be willing to spend less in retirement. Those are the findings of the fourth Real Life Retirement quarterly pulse survey conducted Oct. 28-Nov. 2, 2009 by Charles more...
11/20/09 5:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--In a new Charles Schwab survey of advisors at major financial firms, six out of ten respondents (59%) say the idea of being an independent investment advisor appeals to them. Nearly half of all respondents go a step further to say that they would actually consider a move to independence. The surveyed advisors from wirehouses, banks and independent broker dealers are also confident about the strength of their client more...
11/18/09 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Starting January 1, 2010, income restrictions for converting to a Roth IRA will be lifted, allowing individuals who make more than $100,000 adjusted gross income to convert assets from certain retirement savings accounts, such as a traditional IRA or 401(k) with a previous employer, to a Roth IRA (restrictions may apply to residents in certain state(s)*). A recent survey from Charles Schwab found that 34 percent of more...
11/17/09 9:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the nation’s largest and fastest growing donor-advised funds, observes its 10th anniversary this month just as the Chronicle of Philanthropy lists the organization as the 10th largest charity in the U.S.1 Since inception, Schwab Charitable has raised over $3.8 billion in philanthropic contributions and issued more than 367,000 grants totaling $1.6 billion to over 33,000 charities more...
11/17/09 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab & Co., Inc. has announced a significant renovation and expansion of its award-winning educational website, www.SchwabMoneyWise.com. Originally launched in April 2007 as a “money mentoring” destination for parents of teenagers, the website now offers more information, tools and resources to benefit all types of consumers, from those who want to learn the fundamentals of personal finance more...
11/13/09 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 2009 include: Net new assets brought to the company by new and existing clients in October 2009 totaled $8.6 billion. Total client assets were $1.350 trillion as of month-end October, up 16% from October 2008 and down 1% from September 2009 more...
11/10/09 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today released a new corporate stock plan study revealing that most companies view stock plans as an important tool to motivate and reward workers at all levels. Despite market uncertainty, a majority of companies surveyed say they are offering the same or even more stock plan benefits to their employees since Fall 2008. Earlier this fall, Schwab commissioned a survey of 200 corporate stock more...
11/2/09 12:00 pm PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, a marketplace leader of exchange traded funds, today announced the launch of its first proprietary exchange-traded funds: eight new Schwab-managed ETFs with low operating expense ratios and commission-free online trading for clients in their Schwab accounts. “Schwab has been an innovator on behalf of investors and savers for decades and has endeavored to help them become financially more...
10/29/09 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--In a quest to uncover new and engaging ways to make learning about money management compelling and meaningful to today’s youth, Charles Schwab Foundation has announced the first annual winners of the Money Matters Innovation Awards. Five winning Boys & Girls Clubs, all of which offer the Money Matters program, were selected from approximately 100 competing clubs across the country’s five geographic more...
10/27/09 11:22 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab & Co., Inc., one of the nation’s leading financial services firms, has relocated its flagship San Francisco branch office to 100 Post St. from 101 Montgomery St. and hosted a ceremonial opening of the new branch today. Charles R. Schwab, founder and chairman, Gavin Newsom, Mayor of San Francisco, and Carrie Schwab-Pomerantz, president of the Schwab Foundation, spoke at the event. “ more...
10/27/09 6:01 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today released new data showing the number of workers participating in 401(k) plans increased even as the stock market declined and the economy weakened. In addition, most 401(k) plan participants continued to receive matching contributions from their employer. According to data taken from retirement plans serviced by Schwab, overall 401(k) plan participation increased four percentage points more...
10/22/09 1:30 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that it has scheduled a Business Update for institutional investors on Thursday, November 5, 2009. 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 8:55 a.m. - 1:10 p.m. PT, 11:55 a.m. - 4:10 p.m. ET. Participants will include members of the more...
10/22/09 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 November 27, 2009 to stockholders of record November 13, 2009. About Charles Schwab The Charles Schwab Corporation (Nasdaq:SCHW) is a leading provider of financial services, with more than 300 offices and 7.6 million client brokerage accounts, 1. more...
10/19/09 5:01 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--It’s the perennial question: When should I take Social Security? Recent data show the number of retirees grabbing their checks at the age of 62 increased by a record 19 percent during 2009. Charles Schwab reminds investors that they have the option to give it back if they jumped too soon. “In this economic climate, there has been a sharp increase in the number of folks opting to take Social Security more...
10/15/09 5:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that its net income was $200 million for the third quarter of 2009, down 34% from the third quarter of 2008. For the nine months ended September 30, 2009, the company’s net income was $623 million, down 31% from the year-earlier period. As previously discussed by the company, Schwab’s year-to-date 2009 financial results have been impacted by revenue more...
10/12/09 9:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--In less than 90 days many investors will have a new IRA opportunity when the income restriction for converting to a Roth IRA is lifted. The rule change will make all investors eligible to convert assets from certain retirement savings accounts, such as a traditional IRA or a 401(k) with a previous employer, to a Roth IRA, regardless of income level. Until January 1, 2010, only people with modified adjusted gross incomes of more...
10/6/09 5:01 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today released a series of financial planning and investing tips to help individual investors better manage their finances and investing plans as global markets rebound and the economy begins to recover. “The past year has been a tough one for the economy at large, but investors are once again proving resilient and pursuing their investment strategies,” notes Liz Ann Sonders, senior more...
10/5/09 5:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab & Co., Inc., was ranked the highest in overall customer satisfaction among self-directed investors in the J.D. Power and Associates 2009 Self-Directed Investor Satisfaction StudySM. “In today’s economic environment, receiving the highest ranking from J.D. Power and Associates is a true nod to the exceptional service that has driven our customer relationships for nearly four decades, more...
10/1/09 8:54 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today released a list of tips to help self-directed investors better manage their approach to trading as people return to the market amidst increased trading volumes. “With investors expressing renewed faith in the market, Charles Schwab remains dedicated to providing traders with education and basic guidelines to improve their trading strategies,” noted Kelli Keough, vice president, more...
9/30/09 2:09 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--In support of its commitment to investor education, Charles Schwab & Co., Inc. plans to hold its next Active Trader Forum on Saturday, Oct. 17 from 8:30 a.m. to 5:00 p.m. at the Sheraton Boston Hotel, 39 Dalton Street, Boston, Massachusetts. Schwab holds Trading Forums several times a year around the country. They are free events, open to Schwab clients and the general public. The Boston Forum will feature more...
9/21/09 8:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the nation’s largest and fastest growing donor advised funds, is proud to have Alex Counts as the second speaker of the second annual Schwab Charitable Philanthropy Speaker Series hosted in partnership with UC Berkeley’s Haas School of Business Center for Nonprofit and Public Leadership. The Series brings together leaders from the philanthropic community with Haas students more...
9/16/09 6:00 am PDT
SAN DIEGO--(BUSINESS WIRE)--Schwab Advisor Services, a leading provider of custodial, operational and trading support for approximately 6,000 independent fee-based investment advisors, today announced a series of enhancements to its Business Consulting Services offer designed to help advisors fuel their growth and improve efficiency. Schwab’s Business Consulting Services offer provides insights, guidance, tools and resources to help independent more...
9/15/09 2:00 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the nation’s largest and fastest growing national donor-advised fund programs, announced today the launch of its Private Foundation Conversion Service. The new service is specifically designed to help advisors to private foundations determine whether conversion to a donor-advised fund would be beneficial, and if so, provide guidance throughout the process. Schwab more...
9/15/09 9:00 am PDT
SAN DIEGO--(BUSINESS WIRE)--Charles Schwab & Co., Inc, a leading provider of custodial, operational and trading support for approximately 6,000 independent fee-based investment advisors, today announced the winners of the fourth annual IMPACT Awards® ― an industry-wide awards program to honor advisory firms that have advanced the industry through their visionary leadership, operational excellence, technology innovation, and impressive more...
9/15/09 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 2009 include: Net new assets brought to the company by new and existing clients in August 2009 totaled $8.5 billion. Total client assets were $1.318 trillion as of month-end August, down 6% from August 2008 and up 3% from July 2009. more...
9/14/09 7:30 am PDT
SAN DIEGO--(BUSINESS WIRE)--Independent investment advisors say the economy is turning a corner, according to the latest results of a semi-annual study released at Charles Schwab’s IMPACT® 2009 conference, one of the country’s largest annual gatherings of independent investment advisors. The majority (72%) of independent advisors surveyed by Schwab in late summer believe the recession will end in less than 12 months, and more than one-third ( more...
9/10/09 2:27 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the nation’s largest and fastest growing donor advised funds, today announced its second annual Schwab Charitable Philanthropy Speaker Series to be hosted in partnership with UC Berkeley’s Haas School of Business Center for Nonprofit and Public Leadership. The Series brings together leaders from the philanthropic community with Haas students and alumni to tackle cutting-edge more...

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