Press Releases

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...
9/8/09 5:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The fourth Real Life Retirement quarterly pulse survey by Charles Schwab & Co., Inc. reveals that many retired Americans are lending financial help to their families, either by giving them money or managing their finances directly. Almost half (44 percent) of those who are retired admit to supporting at least one individual financially. Children (53 percent) and grandchildren (37 percent) top the list of such dependants more...
9/1/09 8:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Today, independent investment advisors who custody with Charles Schwab have access to a new, fully integrated website that helps them more efficiently manage their client accounts. Schwab Advisor Center™, located at www.schwabadvisorcenter.com, offers a host of new features and functionality that enable advisors to explore and use client data in a more flexible way, and integrates with Schwab Data Delivery™ ( more...
8/27/09 11:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--A persistent undercurrent of uncertainty at the full-service wirehouse brokerage firms has been a game-changer for many financial advisors this year, prompting record moves to the independent registered investment advisor (RIA) channel. To help these advisors successfully transition to independence, Charles Schwab today announced its latest whitepaper, A Case for Starting or Joining a Registered Investment Advisory (RIA) Firm more...
8/14/09 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 July 2009 include: Net new assets brought to the company by new and existing clients in July 2009 totaled $5.6 billion. Total client assets were $1.286 trillion as of month-end July, down 8% from July 2008 and up 5% from June 2009. Client daily more...
8/11/09 11:16 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Since the market meltdown of 2008, investors have become increasingly aware of their finances — with 51 percent of investors now thinking about their finances daily, as opposed to just 27 percent prior to the downturn, according to Schwab’s Make the Move survey. This appetite for engagement, coupled with the optimism around a market recovery, heightens the need for a financial refresher in order to translate more...
8/5/09 9:40 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the country's largest national donor-advised funds, announced today an expanded selection of investment pools for its Charitable Gift Accounts. The new investment line-up includes a broad range of highly regarded mutual fund families, including American Century, Janus, Manning & Napier, Parnassus, PIMCO and Schwab. Schwab Charitable’s twelve investment pools include three asset more...
8/3/09 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Although 2009 has been a taxing year, 84 percent of independent registered investment advisors (RIAs) say they expect to grow at a moderate clip or faster over the next five years, according to the just-released 2009 Charles Schwab RIA Benchmarking Study. A cornerstone of Schwab’s Business Consulting Services platform for independent advisor clients, this year’s study reveals that while advisors are more...
7/31/09 8:44 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--A recent Charles Schwab survey found that just 4 out of 10 (39 percent) mutual fund investors surveyed have made changes to their portfolio allocations since the stock market began to decline. Less than half (45 percent) of those surveyed have become more knowledgeable about their investments since the financial crisis began roughly two years ago. The survey of 602 mutual fund owners, conducted after nearly two years more...
7/30/09 9:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab has introduced a new Co-Sourced Stock Plan Administration offer for corporate stock plan administrators seeking to outsource specific functions to improve efficiency while maintaining control of their company’s stock plan administration. The new offer enables stock plan administrators to shift the management of certain plan functions to Schwab, including core plan recordkeeping and more...
7/28/09 2:03 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 August 28, 2009 to stockholders of record August 14, 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, 1.5 more...
7/16/09 5:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that its net income was $205 million for the second quarter of 2009, down 31% from the second quarter of 2008. The company’s second quarter results include $40 million in pre-tax charges relating to its previously announced expense reduction measures and a $16 million FDIC special industry assessment. For the six months ended June 30, 2009, the company more...
7/13/09 5:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Investment Management, Inc. the asset management subsidiary of The Charles Schwab Corporation, has announced the newest addition to its Laudus Funds lineup – the Laudus Growth Investors U.S. Large Cap Growth Fund, successor to the UBS U.S. Large Cap Growth Fund. The Fund seeks to benefit from the proven management of the portfolio management team at Growth Investors, who have managed the fund and more...
7/10/09 2:18 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that it has scheduled an Interim Business Update for institutional investors on Monday, July 27, 2009. 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. ET more...
7/7/09 6:15 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today released new survey data showing that active traders are expressing renewed faith in the market, despite continued volatility. The latest Charles Schwab Active Trader Sentiment survey polled nearly 260 individual investors who trade frequently. Findings include: 8 in 10 respondents (81 percent) report a neutral or bullish outlook for the market in the next six months, virtually more...
7/2/09 1:22 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--June was another difficult month for American workers with a net loss of 467,000 jobs, compared with 322,000 in May. June represents the first time in the past four months that the number of jobs lost rose from the previous month. Despite diminishing employment opportunities and an economy threatening job security, new research by Charles Schwab & Co., Inc shows that as many as 9.5 million retired Americans are considering more...
6/25/09 9:00 am PDT
CARLSBAD, Calif.--(BUSINESS WIRE)--At a gathering of some of the nation’s largest independent investment advisors, Charles Schwab today unveiled a series of new initiatives designed to help them fuel their growth and add scale by managing costs and improving their efficiency. In the challenging environment brought on by disruption in the financial markets beginning last year, many affluent investors are poised to establish new more...
6/21/09 9:01 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, in collaboration with CFO Research Services, today released the details of a new study “Getting Retirement Savings Back on Track: Employer Views on the 401(k) and Financial Education in the Workplace,” which reveals that a majority of senior finance and human resource executives in corporate America support the 401(k) as an effective savings tool for retirement. According to the study, employers more...
6/17/09 9:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--According to a new Charles Schwab survey, 24 percent of San Francisco investors in the U.S. are considering changing financial services firms/brokers in the next year based on their overall frustrations with their current situation. With 86 percent saying they are frustrated about the money they lost in the past year and 76 percent admitting they are only somewhat confident in the guidance they receive from professionals more...
6/17/09 7:00 am PDT
CHICAGO--(BUSINESS WIRE)--According to a new Charles Schwab survey, 25 percent of Chicago investors are considering changing financial services firms/brokers in the next year based on their overall frustrations with their current situation. With 92 percent saying they are frustrated about the money they lost in the past year and 65 percent admitting they are only somewhat confident in the guidance they receive from professionals, investors are taking more...
6/17/09 7:00 am PDT
HOUSTON--(BUSINESS WIRE)--According to a new Charles Schwab survey, 25 percent of Houston investors are considering changing financial services firms/brokers in the next year based on their overall frustrations with their current situation. With 88 percent saying they are frustrated about the money they lost in the past year and 75 percent admitting they are only somewhat confident in the guidance they receive from professionals, investors are taking more...
6/17/09 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--According to a new Charles Schwab survey, 25 percent of investors in the U.S. are considering changing financial services firms/brokers in the next year based on their overall frustrations with their current situation. With 90 percent saying they are frustrated about the money they lost in the past year and 76 percent admitting they are only somewhat confident in the guidance they receive from professionals, investors more...
6/17/09 6:00 am PDT
BOSTON--(BUSINESS WIRE)--According to a new Charles Schwab survey, 21 percent of Boston investors are considering changing financial services firms/brokers in the next year based on their overall frustrations with their current situation. With 87 percent saying they are frustrated about the money they lost in the past year and 73 percent admitting they are only somewhat confident in the guidance they receive from professionals, investors are taking more...
6/17/09 6:00 am PDT
PHILADELPHIA--(BUSINESS WIRE)--According to a new Charles Schwab survey, 72 percent of Philadelphia investors are only somewhat confident in the financial guidance they receive from professionals. With 88 percent saying they are frustrated about the money they lost in the past year and almost one in five considering a switch of financial firm, investors are taking stock of their own actions and accountability, while considering what they want and more...
6/17/09 6:00 am PDT
WASHINGTON--(BUSINESS WIRE)--According to a new Charles Schwab survey, 22 percent of D.C. investors are considering changing financial services firms/brokers in the next year based on their overall frustrations with their current situation. With 89 percent saying they are frustrated about the money they lost in the past year and 72 percent admitting they are only somewhat confident in the guidance they receive from professionals, investors are taking more...

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