Press Releases

6/17/09 6:00 am PDT
NEW YORK--(BUSINESS WIRE)--According to a new Charles Schwab survey, 20 percent of New York City 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 72 percent admitting they are only somewhat confident in the guidance they receive from professionals, investors are more...
6/12/09 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 May 2009 include: Net new assets brought to the company by new and existing clients in May 2009 totaled $7.5 billion. Total client assets were $1.220 trillion as of month-end May, down 17% from May 2008 and up 5% from April 2009. Client daily more...
6/10/09 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today released new 401(k) plan data indicating that while the economic downturn has impacted some aspects of employer and worker behavior in plans, both groups have largely stayed the course and remained committed to their plans. According to the data, overall employee participation in 401(k) plans serviced by Schwab increased in 2008 compared to 2007, and although the number of employers offering matching more...
6/4/09 5:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The third Real Life Retirement quarterly pulse survey by Charles Schwab shows the recent economic downturn has not spurred Americans to change behaviors regarding retirement preparation. Almost four in 10 Americans (39 percent) are not currently saving for retirement and, despite market losses, six in 10 Americans (62 percent) have not adjusted their thinking about what age they will retire – nearly unchanged from the more...
6/3/09 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Foundation announced today that it is renewing its commitment to continue funding Money Matters, the financial education program offered through every Boys & Girls Club that serves teens throughout the U.S. Nearly 180,000 youth at approximately 1,500 teen Boys & Girls Clubs across the U.S. have participated in Money Matters since the program’s launch in mid-2004, according to data more...
5/21/09 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--As unemployment continues to rise and many struggle to keep their retirement savings on track, Charles Schwab today released new data showing a significant number of 401(k) assets held by workers who leave their jobs have been left behind in former employers’ plans. According to the data taken from plans administered by Schwab, 43 percent of assets held by 401(k) participants who left their jobs in the first more...
5/18/09 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--To help independent investment advisory firms maximize employee efficiency and productivity, Charles Schwab today announced a series of new performance management tools for advisors available through its Human Capital offer. The expanded resources for advisors include best practices and ready-to-use tools and templates across five key areas of human resources management including setting employee goals and objectives, more...
5/17/09 9:01 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today announced improved options trading capabilities for active traders with several key upgrades to its trading platforms. The firm’s clients will now have enhanced charting and screening tools, reflecting Schwab’s tradition of making market information more actionable, helping traders make better decisions in times of market volatility. These new features include: Several more...
5/14/09 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 April 2009 include: Net new assets brought to the company by new and existing clients in April 2009 totaled $3.3 billion, reflecting client cash disbursements during tax season. Total client assets were $1.166 trillion as of month-end April, down 19% from more...
5/11/09 9:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab’s San Francisco employees have begun participating in Schwab Employee Volunteer Week in which 37 community-focused nonprofit organizations in the Bay Area will receive hundreds of hours of hands-on service from approximately 900 local Schwab employees. The companywide event, which in previous years was confined to just one business day in May, will span a full week this year. More than 2,000 Schwab more...
5/11/09 8:30 am PDT
DENVER--(BUSINESS WIRE)--Charles Schwab’s Denver employees have begun participating in Schwab Employee Volunteer Week in which 11 community-focused nonprofit organizations in Denver, Boulder, Aurora, Littleton, Empire and Englewood will receive hundreds of hours of hands-on service from approximately 220 local Schwab employees. The companywide event, which in previous years was confined to just one business day in May, will span a full week this more...
5/11/09 8:30 am PDT
PHOENIX--(BUSINESS WIRE)--Charles Schwab’s Phoenix employees have begun participating in Schwab Employee Volunteer Week in which 13 community-focused nonprofit organizations in Phoenix, Mesa and Tempe will receive hundreds of hours of hands-on service from approximately 300 local Schwab employees. The companywide event, which in previous years was confined to just one business day in May, will span a full week this year. More than 2,000 Schwab more...
5/11/09 7:30 am PDT
AUSTIN, Texas--(BUSINESS WIRE)--Charles Schwab’s Austin employees have begun participating in Schwab Employee Volunteer Week in which eight community-focused nonprofit organizations in Austin will receive hundreds of hours of hands-on service from nearly 140 local Schwab employees. The companywide event, which in previous years was confined to just one business day in May, will span a full week this year. More than 2,000 Schwab employees and more...
5/11/09 6:30 am PDT
RICHFIELD, Ohio--(BUSINESS WIRE)--Charles Schwab’s Richfield employees have begun participating in Schwab Employee Volunteer Week in which six community-focused nonprofit organizations in Richfield, Akron, Peninsula and Cleveland will receive hundreds of hours of hands-on service from nearly 90 local Schwab employees. The companywide event, which in previous years was confined to just one business day in May, will span a full week this year. More more...
5/11/09 6:30 am PDT
INDIANAPOLIS--(BUSINESS WIRE)--Charles Schwab’s Fishers employees have begun participating in Schwab Employee Volunteer Week in which nine community-focused nonprofit organizations in Fishers, Indianapolis and Noblesville will receive hundreds of hours of hands-on service from nearly 160 local Schwab employees. The companywide event, which in previous years was confined to just one business day in May, will span a full week this year. More than 2 more...
5/11/09 6:15 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation is kicking off its sixth annual companywide Schwab Employee Volunteer event today, but unlike previous years in which volunteering during regular business hours was confined to just one day in May, this year’s event will span a full week. More than 2,000 Schwab employees and executives nationwide have signed up to participate in a total of approximately 120 projects from today through more...
5/11/09 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--As independent investment advisors address increasing demands from clients and continue to strive for greater operational efficiency, Charles Schwab has released a new report, Getting the Most out of your CRM Investment. The report outlines best practices for planning, selecting and implementing customer relationship management (CRM) systems, and offers tips for getting the most out of these tools and successfully more...
5/8/09 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, a leading provider of custodial, operational and trading support for more than 5,700 independent fee-based investment advisory firms, today announced its keynote speaker line-up for its IMPACT 2009 conference, one of the nation’s largest and longest-running annual gatherings of independent advisors. The event will be held September 13-16 at the San Diego Convention Center and is designed to bring more...
5/5/09 8:55 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Please replace the second photo with the accompanying corrected photo of Randall W. Merk. The release reads: SCHWAB CUTS FUND FEES Reduced Expenses, with Low Minimum Investments, Continue Schwab’s Tradition of Making Low-Cost Investing Available to All Investors Charles Schwab Investment Management, Inc. today announced lower expenses and simplified share classes on its more...
5/5/09 8:55 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Investment Management, Inc. today announced lower expenses and simplified share classes on its Schwab equity index funds. All Schwab equity index funds now offer the same low fund expenses to investors regardless of how much they invest, starting at a low $100 minimum investment. The changes provide low-cost simple solutions for investors of all asset levels who want broad market exposure as part of their more...
5/1/09 9:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Continuing its tradition of showcasing excellence among independent investment advisors, Charles Schwab today opened the submission window for its fourth annual IMPACT Awards, an industry-wide awards program that honors independent advisors and their firms. SEC-registered advisors who meet the eligibility guidelines are encouraged to participate – regardless of their custodial relationships. Submissions will be more...
4/30/09 6:05 am 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, May 16 from 8:00 a.m. to 4:30 p.m. at the Marriott Chicago Downtown Magnificent Mile, 540 North Michigan Ave., Chicago, Illinois. Schwab holds Trading Forums several times a year around the country. They are free events, open to Schwab clients and the general public. The more...
4/29/09 6:05 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--As of Feb. 27, 2009, the average individual tax refund was $2,869, according to the latest IRS filing statistics. What should people do with the sudden influx of cash? Historically, nearly one-third of tax-payers have used their refund for major purchases or to cover everyday expenses, but the Schwab Center for Financial Research is urging people to prioritize their financial goals and take full advantage of the benefits more...
4/28/09 4:24 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 22, 2009 to stockholders of record May 8, 2009. About Charles Schwab The Charles Schwab Corporation (Nasdaq:SCHW) is a leading provider of financial services, with more than 300 offices and 7.4 million client brokerage accounts, 1.4  more...
4/20/09 5:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Investment Management, the asset management arm of the Charles Schwab Corporation, today announced strategic changes to its target-date mutual funds to enhance the portfolios and reduce expenses. The aim of these enhancements is to help investors more effectively achieve their long-term retirement savings goals. The changes include reducing expenses charged to investors by roughly 13 to 23 basis more...
4/17/09 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 Thursday, April 30, 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 9:00 a.m. - 1:00 p.m. PT, 12:00 p.m. - 4:00 p.m. ET. Participants will include members of the Company more...
4/15/09 5:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that its net income was $218 million for the first quarter of 2009, down 29% from the first quarter of 2008. The company’s first quarter results include a $26 million pre-tax gain relating to the repurchase of certain outstanding company debt, $14 million in pre-tax net impairment losses on certain mortgage-backed securities, and $59 million in pre-tax more...
4/13/09 5:55 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--With a struggling economy and tuitions expected to reach $200,000 in the next two years, the majority of families are searching for ways to cover college expenses. Whether enrollment is in the fall or 18 years from now, Charles Schwab & Co., Inc. has the resources to help parents make ends meet without raiding their retirement accounts. “Students are receiving acceptance letters and parents are wondering more...
4/3/09 7:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Investment Management, Inc., (CSIM), the asset management arm of The Charles Schwab Corporation, announced that two of its funds have won the 2009 Lipper Awards as best in their fund categories. The Schwab Target 2040 Fund (SWERX) won as “Best Mixed-Asset Target 2040 Fund over Three Years” out of 66 qualified funds and the Schwab California Tax-Free Bond Fund (SWCAX) was awarded “Best more...
4/2/09 8:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--With perplexing codes and confusing forms, it’s no wonder many Americans postpone the inexorable job of preparing their taxes until the last minute. Charles Schwab knows it's not what you make, but what you keep after taxes that count. In these tough times, it’s especially important to take advantage of every tax break to which you’re entitled. For those filing with less than two weeks to go until more...
3/31/09 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The majority (52 percent) of young adults between the ages of 23 and 28 consider “making better choices about managing money” the single most important issue for individual Americans to act on today, outweighing the need to strengthen family relationships (18 percent), protect the environment (11 percent) and improve personal nutrition and health (9 percent). Moreover, almost two-thirds of young adults (64 percent) more...
3/13/09 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 February 2009 include: Net new assets brought to the company by new and existing clients in February 2009 totaled $5.5 billion. Total client assets were $1.049 trillion as of month-end February, down 25% from February 2008 and down 5% from January 2009 more...
3/10/09 7:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Investment Management, the asset management arm of the Charles Schwab Corporation, announced an important change to one of its mutual fund offerings by lowering the expense ratio of the Schwab Hedged Equity Fund (SWHIX, SWHEX). As part of the company’s continued focus to provide investors with competitive mutual fund choices, the Hedged Equity Fund’s cap on its net operating expense more...
3/6/09 5:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--With ongoing market uncertainty, investors are asking themselves what is happening, what it means and what they should do about it. In response to these questions, Charles Schwab & Co., Inc. is providing answers at this critical time through branch seminars, town hall discussions, webcasts, and online through the Market Insight section of its Web site: www.schwab.com/marketinsight. Most recently, nearly 10,000 more...
3/4/09 6:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Independent investment advisors are divided on the long-term prospects for the U.S. economy and its impact on client portfolios, according to the latest Charles Schwab study of independent Registered Investment Advisors (RIAs). Forty-four percent expect the current recession to end in 2009, while 41 percent believe the recession will extend into 2010. Charles Schwab is a leading provider of custodial, operational and more...
3/3/09 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Twenty-two high school students have learned that knowledge literally pays. Charles Schwab Foundation is awarding $1,000 scholarships to each of the 22 students who obtained scores of 100 percent on the fall 2008 National Financial Literacy Challenge. Between November 3 and December 12, 2008, more than 75,000 high school students across the U.S. took the voluntary online exam, an increase of 63 percent over the more...
3/2/09 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--In the current economic environment, independent investment advisory firms are looking for ways to be as efficient as possible while still maintaining the high levels of personalized customer service that have become a hallmark of the industry. To help independent advisors meet these goals, Charles Schwab has released a new Schwab Market Knowledge Tools® (MKT) white paper, Best-Managed Firms: The Business of Serving more...
2/25/09 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Eighteen-year-old Tory Myles of Washington, D.C., has been chosen for the prestigious honor of serving as National Ambassador for Boys & Girls Clubs of America’s Money Matters: Make it CountSM program. As 2009 ambassador, Myles will apply her enthusiastic personality and persuasive style to promote financial literacy among her peers at Boys & Girls Clubs throughout the nation. Through Money Matters more...
2/23/09 7:00 am PST
NEW YORK--(BUSINESS WIRE)--At The International Traders Expo in New York today, Charles Schwab released new survey data revealing that active traders remain highly engaged in the market but are looking for ways to better manage risk during this period of record volatility. The latest Charles Schwab Active Trader Sentiment survey polled more than 700 individual investors who trade frequently. Findings include: Nearly one in more...
2/20/09 8:00 am PST
LUBBOCK, Texas--(BUSINESS WIRE)--Texas Tech University1 College of Human Sciences has opened the new Charles Schwab Personal Financial Planning Technology Complex, which contains the largest collection of professional software in any collegiate financial planning program in the United States, on the Lubbock, Texas, campus. The facility houses a technology classroom, technology work lab, and resource workspace that will be used by more than 300 more...
2/17/09 5:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Bank today announced the Schwab Bank High Yield Investor Savings ™ account™, with a variable annual percentage yield (APY) of 2.00%.(1) The account is designed to provide a competitive rate on cash, no matter the account balance, all with no monthly service charge, no ATM fees(2), and no minimum balances. The Schwab Bank High Yield Savings account will be available Feb. 26, 2009, with account more...
2/17/09 5:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Bank today announced the Schwab Bank High Yield Investor Savings ™ account, with a variable annual percentage yield (APY) of 2.00%.(1) The account is designed to provide a competitive rate on cash, no matter the account balance, all with no monthly service charge, no ATM fees(2), and no minimum balances. The Schwab Bank High Yield Savings account will be available Feb. 26, 2009, with account balances more...
2/13/09 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 January 2009 include: Net new assets brought to the company by new and existing clients in January 2009 totaled $12.1 billion. Total client assets were $1.104 trillion as of month-end January, down 21% from January 2008 and down 3% from December 2008 more...
2/10/09 8:00 am PST
RALEIGH, N.C.--(BUSINESS WIRE)--Schwab Performance Technologies (SPT), a leading provider of technology solutions for independent investment advisors, today announced strides the company has made in its first year of offering PortfolioServices, a full-service, hosted performance reporting solution that enables advisors to outsource key back office tasks. PortfolioServices is based on PortfolioCenter®, SPT’s portfolio data management software more...
2/9/09 8:27 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today released information about 401(k) participation and savings rates broken down across different industries and certain plan participant demographics. The newly released data is part of Schwab’s continuing program to make industry insights and benchmarking data compiled from its retirement plan platform available to both plan sponsor and third party administrator (TPA) clients. Schwab is sharing more...
2/5/09 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Independent investment advisors overwhelmingly say that managing existing client relationships is their top business priority in the current economic environment, according to a recent survey by Charles Schwab, a provider of custodial, operational and trading support for more than 5,500 independent investment advisory firms. When asked to prioritize key areas of business management, 71 percent of advisors surveyed ranked more...
1/28/09 8:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--With tax season upon us, Charles Schwab has fast, easy and convenient ways for consumers to open an IRA before the April 15 tax deadline. Investors can open a traditional or Roth IRA account with Schwab online in about 15 minutes. “People are looking for some easy solutions to help them get on a better financial track, and the 15-minute IRA is exactly that,” said Rene Kim, senior vice president, more...
1/27/09 12:55 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 27, 2009 to stockholders of record February 13, 2009. About Charles Schwab The Charles Schwab Corporation (Nasdaq:SCHW) is a leading provider of financial services, with more than 300 offices and 7.4 million client brokerage accounts, 1. more...
1/27/09 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--It used to be that the most common sound coming from a Boys & Girls Club was the swoosh of a basketball net, but today the sounds of teens talking about net assets may be just as common. This turn of events is largely due to the success of Money Matters: Make it CountSM, a financial education program for teens developed by Boys & Girls Clubs of America and funded by Charles Schwab Foundation. Most more...
1/26/09 5:45 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab & Co., Inc. announced the launch of Real Life Retirement™ Services, a new offering providing practical help for people making the transition to retirement. Many people transitioning to retirement are asking themselves: Can I afford to retire? How are my expenses likely to change? When should I take Social Security? What’s the best way to generate monthly income? Schwab’s Real Life Retirement more...

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