Press Releases

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...
1/20/09 5:45 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that it has scheduled an Interim Business Update for institutional investors on Thursday, January 29, 2009. This Update, which will be held via webcast, is 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. Participants will more...
1/16/09 8:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Despite difficult market and economic conditions, Charles Schwab’s business-to-business Institutional Services division evidenced great strength and impressive growth in 2008. Schwab broke two records in bringing in more than 200,000 401(k) plan participants and winning an unparalleled $13 billion in assets from investment advisors who chose to leave established financial firms and set up shop as independent more...
1/16/09 5:50 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that its income from continuing operations was $308 million for the fourth quarter of 2008, up 1% from the fourth quarter of 2007. For the twelve months ended December 31, 2008, the company’s income from continuing operations was a record $1.2 billion, up 10% from the year-earlier period. The company’s fourth quarter results include $25 million in more...
1/14/09 12:01 pm PST
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the nation’s largest and fastest growing national donor-advised funds, announced today its Schwab Charitable Philanthropy Speaker Series to be hosted in partnership with UC Berkeley’s Haas School of Business Center for Nonprofit and Public Leadership. “This conference series will make a meaningful contribution to the growing body of knowledge about the social sector, more...
1/14/09 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab & Co. Inc. today launched the latest evolution of its Talk to Chuck advertising campaign which addresses head-on the frustration many Americans feel about the state of financial services. The ads encourage consumers to “Do something about it,” and are a direct response to widespread public sentiment that people are without options and without an ally when it comes to fixing their financial more...
1/6/09 7:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab continues to improve its trading platforms for its active traders with upgrades to its StreetSmart Pro trading software and web-based trading platform, StreetSmart.com. The firm’s clients will now have real-time performance reporting for closed positions, new short-selling tools and more advanced options order types. “Active traders are asking for better, more effective ways to manage more...
12/23/08 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Across the independent advisor industry, firms are facing difficult times as they work to calm anxious clients, motivate tired employees and sustain businesses that are facing challenging economics. Charles Schwab, a leading provider of custodial, operational and trading support for more than 5,500 independent investment advisors, will publish three new reports in the first quarter of 2009 that will support advisors by more...
12/17/08 5:45 am PST
SAN FRANCISCO--(BUSINESS WIRE)--With stock prices as unpredictable as winter weather, many Americans are choosing to wait until the last minute to make charitable decisions, hoping for a recovery in the stock market. Fortunately, there are several ways to make contributions on the cusp of the New Year and still beat tax deadlines. “The holidays are a time to give back to community and causes, but it can also be busy and stressful, more...
12/15/08 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 2008 include: Net new assets brought to the company by new and existing clients in November 2008 totaled $5.9 billion. Total client assets were $1.112 trillion as of month-end November, down 23% from November 2007 and down 4% from October 2008 more...
12/9/08 9:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab has found that participant engagement in Schwab-serviced 401(k) plans increased dramatically both online and over the phone in the months of September and October 2008. And while the number of people reducing their contribution rates into plans has increased, the majority of participants in Schwab-serviced plans are not significantly shifting asset allocations or reducing contribution rates. Schwab recently more...
12/8/08 5:45 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Bank today announced the Schwab Bank Invest FirstTM Visa Signature® credit card, with unlimited 2% cash back on purchases automatically deposited into a Schwab One brokerage account each month. Unlike some competing cards, there is no limit to the cash back cardholders can earn, no tiers, no minimum monthly purchase amount to receive cash rewards, no restrictions on place of purchase, and no annual more...
12/3/08 11:35 am PST
AUSTIN--(BUSINESS WIRE)--With rising grocery bills and energy costs, making ends meet has become even harder for many. In these tough economic times, struggling families are looking for solutions, while others are looking for ways to help. With generous support from Charles Schwab Foundation, local nonprofit Foundation Communities is expanding financial services to help Central Texas working families weather the daunting economic climate. more...
12/2/08 5:45 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the country’s largest and fastest growing national donor-advised funds with 12,000 donors and nearly $2 billion in assets, announced today that is has been ranked California’s largest fundraising charity—and the ninth largest in the country—by the Chronicle of Philanthropy in its annual “Philanthropy 400” listing of charities that raise the most from private sources. more...
11/26/08 2:41 pm PST
SAN FRANCISCO--(BUSINESS WIRE)--The U.S. Department of the Treasury has announced that due to an overwhelming response, it is extending the test-taking window for the fall National Financial Literacy Challenge until December 12, 2008. The Challenge is a 35-question online test of personal finance knowledge and understanding for high school students across the United States. Teachers can sign up their students at the U.S. Treasury’s website: http://flc. more...
11/18/08 9:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab is now making industry insights and benchmarking data compiled from clients on its retirement plan platform available to third party administrator (TPA) clients. The information, which has been available to participating Schwab plan sponsor clients since 2004, gives Schwab’s TPA clients the ability to evaluate how the individual retirement plans they serve compare to retirement plans of the same size more...
11/17/08 9:03 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Effective today, Charles Schwab has established a new business unit, Institutional Services, to serve the needs of independent investment advisors, corporate benefit plan sponsors and third party retirement plan recordkeepers. The unit combines former Schwab Institutional and Schwab Corporate and Retirement Services operations. Walt Bettinger, President and CEO commented, “There are clear synergies between more...
11/14/08 11:56 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today its decision not to apply for participation in the U.S. Treasury Department’s Capital Purchase Program. The application period for participation closes today, Friday, November 14. Chairman Charles R. Schwab commented, “The TARP program promises to play a vital role in restoring stability to the credit markets and providing support for the nation’s more...
11/14/08 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 2008 include: Net new assets brought to the company by new and existing clients in October 2008 totaled $6.6 billion. Total client assets were $1.160 trillion as of month-end October, down 22% from October 2007 and down 11% from September 2008 more...
11/12/08 7:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today announced a new eight-step plan to help people prioritize their savings objectives. Schwab’s eight “Savings Fundamentals” are designed to help individuals prioritize and manage their short and long-term personal and financial goals. “One of the few benefits to the current market environment is that people are focusing more on saving money,” said Catherine more...
11/10/08 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Investment advisors are leaving established financial firms and becoming independent registered investment advisors (RIAs) because they want to work for themselves, deliver more personalized service to clients, and achieve long-term financial success, reports a Schwab Institutional survey of newly independent registered investment advisors. Three-quarters of those surveyed cite a preference to work for themselves and 62 more...
11/7/08 12:13 pm PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab & Co., Inc. has released six tips from Schwab Center for Financial Research Senior Vice President Mark W. Riepe, CFA, for investors to keep in mind as they manage their 401(k) in today’s volatile market. The full commentary and accompanying charts that help clarify some of these points are located at: http://www.schwab.com/public/schwab/research_strategies/market_ insight more...
11/6/08 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab & Co. Inc., is using its Web site: www.schwab.com to provide perspective from its founder and Chairman, Charles R. Schwab, on recent market events. The site features a series of video questions and answers, an open letter to investors, and new 30 and 60 second advertisements recently produced for television spots. The video questions and answers featuring Mr. Schwab provide perspective on a more...
11/5/08 1:15 pm PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that it has scheduled a Business Update for institutional investors on Wednesday, November 19, 2008. 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 8:30 a.m. - 1:00 p.m. PT, 11:30 a.m. - 4:00 p.m. ET. Participants will include members of more...
11/3/08 9:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab has released a new report revealing an important connection between how a company offers its 401(k) plan matching contribution and employee saving levels. From 2004 to 2007, employees at companies with retirement plans serviced by Schwab were most likely to choose the plan’s “match ceiling” as their deferral level in order to maximize the employer contributions they can receive. The match more...
10/28/08 1:35 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--With turmoil on Wall Street causing many to wonder how they can continue to support their favorite charities, Schwab Charitable released today a series of tips to help donors stretch their charitable budgets — even in tough economic times. Past economic downturns have cut deeply into nonprofit bottom lines precisely when demands for services have increased. During two economic declines, 1973 and 2001, more...
10/23/08 1:24 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 November 28, 2008 to stockholders of record November 14, 2008. About Charles Schwab The Charles Schwab Corporation (Nasdaq:SCHW) is a leading provider of financial services, with more than 300 offices and 7.3 million client brokerage accounts, 1. more...
10/23/08 8:28 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--In support of its commitment to investor education, Charles Schwab & Co., Inc. plans to hold the fifth in its series of Active Trader Forums on Saturday, November 8, from 8:00 a.m. to 5:00 p.m. at the Crystal Gateway Marriott, 1700 Jefferson Davis Highway, Arlington, Virginia. Schwab holds Trading Forums several times a year around the country. They are free events, open to Schwab clients and the general public. more...
10/22/08 1:17 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today announced several enhancements to StreetSmart.com, the sophisticated trading platform available to active traders through Schwab.com. The upgrades may help traders better manage the type of volatility currently being experienced in the market. They include powerful bracket order technology, customizable trading alerts and advanced charting tools, all designed to help traders react to the daily and more...
10/21/08 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the country’s largest and fastest growing national donor-advised funds with 12,000 donors and nearly $2 billion in assets, announced today that grants to charities during the third quarter of 2008 were up 12 percent from 2007 levels. The increased giving, which comes as turmoil on Wall Street has cut contributions to nonprofits nationwide, demonstrates one of the most more...
10/20/08 9:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Clients of Charles Schwab earned a total of eight awards, including four golds, in the Profit Sharing/401(k) Council of America (PSCA) 2008 Signature Awards program – more than any other provider’s clients. The awards, which honor excellence in retirement plan communication and investment education, were announced at a special ceremony at PSCA’s 61st Annual National Profit Sharing and 401(k) Conference more...
10/20/08 9:00 am PDT
--(BUSINESS WIRE)--The Charles Schwab Corporation (Nasdaq:SCHW):       WHAT   The National Association of Government Defined Contribution Administrators, Inc. (NAGDCA) has declared the more...
10/16/08 8:08 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--More than one million people visit Schwab.com every week to manage their brokerage, retirement and banking accounts. Today, Charles Schwab & Co., Inc. unveiled enhancements to Schwab.com that promise to make the online experience even easier and more efficient for the firm’s clients. “The improvements we’ve made to Schwab.com incorporate the evolving capabilities of the Web as well more...
10/15/08 8:00 am PDT
CHICAGO--(BUSINESS WIRE)--African-Americans are on equal footing with Whites when it comes to accessing and enrolling in employer-sponsored defined contribution plans, but save far less each month and have a considerably smaller nest egg than their White counterparts, according to the 11th annual Ariel/Schwab Black Investor Survey. According to this year’s survey of 503 Blacks and 506 Whites with household incomes of at least $50,000, more...
10/15/08 5:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that its income from continuing operations was $304 million for the third quarter of 2008, down 6% from the record third quarter of 2007. For the nine months ended September 30, 2008, the company’s income from continuing operations was $922 million, up 13% from the year-earlier period. Chairman Charles Schwab said, “Investors are more...
10/14/08 9:26 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab & Co., Inc. is using the popular Market Insight section of its Web site: www.schwab.com/marketinsight to provide information and answers to the questions that are top of mind for individuals as they try to navigate these volatile markets. In addition to the normal series of personal finance articles and market analysis available on the site, Schwab is currently providing updated commentary and guidance more...
10/13/08 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Foundation will expand its funding of scholarship awards for winners of the Fall 2008 National Financial Literacy Challenge, a 35-question online test of personal finance knowledge and understanding for high school students across the United States. The test-taking window for the Fall Challenge begins November 3 and continues through November 26. Teachers can sign up their students at the U.S. Treasury more...
9/25/08 6:00 am PDT
ATLANTA--(BUSINESS WIRE)--Schwab Institutional®, a leading provider of custodial, operational and trading support for independent fee-based investment advisors, today announced the winners of the third annual IMPACT Awards® ― an industry-wide awards program to honor advisors and firms that have advanced the industry through their visionary leadership, operational excellence, technology innovation, and impressive growth more...
9/24/08 5:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the country’s largest and fastest growing nonprofits and facilitators of charitable giving with over $2 billion in assets and $350MM in annual grants, announced today the launch of an innovative microfinance guarantee program. It is the first program of its kind to enable donors to set aside a portion of their Charitable Gift Accounts to guarantee microfinance loans to the world’s more...
9/17/08 5:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Bank announced today an increase in yield on its Schwab Bank High Yield Investor Checking account, from 2.01% APY to 3.00% APY(1). The move makes Schwab Bank’s High Yield Checking account yield six times greater than the national average APY for checking accounts. “Schwab Bank’s intention since launching this product was for it to be the industry's best checking account more...
9/15/08 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 2008 include: Net new assets brought to the company by new and existing clients in August 2008 totaled $7.7 billion. Total client assets were $1.398 trillion as of month-end August, up 1% from August 2007 and flat to July 2008. Client more...
9/10/08 8:18 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--In support of its commitment to investor education, Charles Schwab & Co., Inc. plans to hold the fourth in its series of Active Trader Forums on Saturday, September 20, from 8:00 a.m. to 5:00 p.m. at the Sheraton Meadowlands Hotel and Conference Center, 2 Meadowlands Plaza, East Rutherford, New Jersey. Schwab holds Trading Forums several times a year around the country. They are free events, open to Schwab more...
8/28/08 5:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Increased longevity and life expectancy are changing Americans’ perception of what it means to be “old,” causing many to reevaluate their retirement plans. A new study, commissioned by Charles Schwab & Co., Inc., gauged the perspectives of four different generations: the Silent Generation (born between 1924 and 1944), Boomers (born between 1945 and 1964), Generation X (born between 1965 and 1976) more...

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