Press Releases

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...
8/27/08 5:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--From changing careers to redefining what it means to be “old,” Americans across the country are taking stock and rethinking what their lives will be like as they prepare to enter retirement. A new study, commissioned by Charles Schwab & Co., Inc., took a deeper look at four different generations and their thoughts, dreams and goals surrounding life’s third act. “The ‘Rethinking more...
8/26/08 5:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab & Co., Inc., announced the publication of a new installment of a cross-generational conversation on attitudes and concerns about retirement on http://rethinkingretirement.schwab.com. This ongoing series offers new conversations and reflections from individuals of different generations, as they share their personal views on planning for and achieving success in retirement. The site offers more...
8/25/08 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Boys & Girls Clubs of America and Charles Schwab Foundation announced today that nearly 120,000 Club teens at almost 1,100 Boys & Girls Clubs across the U.S. have completed the Money Matters: Make It CountSM financial literacy program in the four years since the program’s launch, far exceeding both organizations’ expectations. In addition, Charles Schwab Foundation has funded a cumulative total more...
8/21/08 5:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--A new online survey tool created by Charles Schwab & Co., Inc., has drawn almost 2,000 participants to log in and compare their preparation for and views on retirement and wealth. The site was opened to the public July 15, 2008, in conjunction with the launch of its comprehensive study, “Rethinking Retirement: Four American Generations Share Their Views on Life’s Third Act.” Members more...
8/18/08 8:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Independent investment advisors are now more optimistic about the U.S. economy and think the stock market may have reached a bottom, according to the latest Schwab Institutional study of independent registered investment advisors. Nearly six in ten (58 percent) say they expect the S&P 500 to rise by the end of the year compared to just 46 percent who thought so in January. And 57 percent say energy prices are likely more...
8/14/08 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 July 2008 include: Net new assets brought to the company by new and existing clients in July 2008 totaled $10.4 billion. Total client assets were $1.391 trillion as of month-end July, up 2% from July 2007 and flat to June 2008. Client daily more...
8/11/08 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, in collaboration with CFO Research Services, today released the details of a new study, “A Shared Benefit: Employer Views on the Value of 401(k) Plans,” revealing that the majority of senior finance executives view 401(k) plans as a significant tool for strengthening both their workforces and their companies. The study also finds that employers are playing an increasingly important role in more...
7/30/08 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--As part of an ongoing commitment to helping its clients become more successful investors, Charles Schwab (NASDAQ:SCHW) today officially launched an online community focused on its active trader clients. The Schwab Trading Community is an online social network where Schwab clients can: Participate in timely discussions on both short and long-term investing topics Swap more...
7/22/08 1:36 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Board of Directors of The Charles Schwab Corporation (Nasdaq:SCHW) at its meeting today declared a 20% increase in the quarterly cash dividend to $0.06 per common share. The dividend is payable Aug. 22, 2008 to stockholders of record Aug. 8, 2008. Chairman and CEO Charles Schwab commented, "This increase reflects the Board's confidence in our ability to continue to deliver consistent earnings and cash flow more...
7/22/08 1:35 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Board of Directors of The Charles Schwab Corporation (Nasdaq:SCHW) today appointed Walter W. Bettinger II as president and chief executive officer and a member of the board of directors effective Oct. 1, 2008. Mr. Bettinger had previously served as president and chief operating officer. Company founder, chairman and chief executive, Charles R. Schwab will remain as executive chairman of the Board of Directors more...
7/16/08 5:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that its income from continuing operations (which excludes U.S. Trust) was $313 million for the second quarter of 2008, up 22% from the second quarter of 2007. For the six months ended June 30, 2008, the company’s income from continuing operations was $618 million, up 26% from the first half of 2007. more...
7/15/08 5:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Americans across generations are developing new and different ideas about how they expect to approach retirement. In a landmark study of four generations released today by Charles Schwab & Co., Inc., survey participants across the board see that the responsibility for a secure financial future is rapidly shifting to them. “We undertook this study to better understand the way people from four adult more...
7/9/08 8:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Increasingly complex client needs coupled with explosive growth rates in the independent advisor industry are compelling firm owners and principals to look for new ways to increase the efficiency of their businesses. To help address this need, SOLUTIONS® 2008, Schwab Institutional’s annual regional workshop series designed to help advisors learn and share technology best practices, kicks off in Boston today more...
6/23/08 8:00 am PDT
RALEIGH, N.C.--(BUSINESS WIRE)--Schwab Performance Technologies (SPT), a leading provider of technology solutions for independent investment advisors, today announced a new name and enhanced offering for registered investment advisors (RIAs) who want to outsource back office functions such as portfolio data management and performance reporting. PortfolioServices is a full-service, hosted performance reporting solution based on PortfolioCenter®, more...
6/18/08 6:00 am PDT
WASHINGTON--(BUSINESS WIRE)--Ten high school students are being honored in Washington, D.C., today for their achievement in attaining a perfect score of 100 percent on the inaugural National Financial Literacy Challenge, sponsored by the Department of the U.S. Treasury. The 46,000 high students across the U.S. who took the 35-question online test of personal finance knowledge and understanding turned in an average score of 56 percent. The more...
6/17/08 7:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Investment Management, Inc. (CSIM) is further expanding its relationship with Mondrian Investment Partners Limited by adding new international equity and global equity funds to the Laudus Mondrian fund lineup. The Laudus Mondrian International Equity Fund [LIEQX] will invest primarily in large-capitalization equity securities of developed international companies. The Laudus Mondrian Global Equity more...
6/13/08 7:50 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab announced today that Charles Schwab Trust Company (CSTC) has expanded its offering of target-date collective trust funds1 for retirement plans to include the Schwab Indexed Retirement Trust Funds™, which primarily use index strategies. The Schwab Indexed Retirement Trust Funds are passively managed collective trust funds, managed and distributed by CSTC, a division of Charles Schwab Bank, that use more...
6/13/08 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 May 2008 include: Net new assets brought to the company by new and existing clients in May 2008 totaled $12.2 billion. Total client assets were $1.469 trillion as of month-end May, up 6% from May 2007 and up 2% from April 2008. Client daily more...
6/12/08 5:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Institutional today announced a comprehensive new platform to support the growing number of investment advisors who leave established financial firms to become independent registered investment advisors. The package for advisors, “Schwab Business Start-up Solutions,” includes a wide array of services and discounts designed to smooth the transition to independence. Schwab Institutional has been serving more...
6/10/08 7:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Institutional, a leading provider of custodial, operational and trading support for independent fee-based investment advisors, today announced the keynote speaker line-up for IMPACT® 2008. IMPACT 2008 will be held September 23-26 at the Georgia World Congress Center in Atlanta, Georgia. The Honorable Madeleine K. Albright, the 64th Secretary of State of the United States and first female in that role more...
6/9/08 11:49 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--In support of its commitment to investor education, Charles Schwab & Co., Inc. plans to hold the third in its series of Active Trader Forums on Saturday, June 21 from 8:00 a.m. to 5:00 p.m. at the Hilton Orange County, 3050 Bristol Street, Costa Mesa, California. Schwab holds Trading Forums several times a year around the country. They are free events, open to Schwab clients and the general public. The Costa more...
6/3/08 6:00 am PDT
SAN FRANCISCO & LUBBOCK, Texas--(BUSINESS WIRE)--Helping people in a meaningful way and putting clients’ interests first is what attracts students most to the independent investment advisory profession, according to a May 2008 survey of 160 financial planning students conducted by Schwab Institutional and Texas Tech University’s Division of Personal Financial Planning. More than half (51 percent) of students surveyed cited this as a primary more...
5/21/08 5:01 am PDT
--(BUSINESS WIRE)--Charles Schwab & Co., Inc.:         What   -- In one year more...
5/14/08 10:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation celebrated its fifth annual Schwab Volunteer Day yesterday, during which approximately 1,700 Schwab employees and executives at the company’s major centers of employment across the country rolled up their sleeves and spent the day doing intensive volunteer work in their communities. Locations included Austin; Denver; Indianapolis; Orlando; Phoenix; Richfield, Ohio; San more...
5/14/08 9:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--After one of the most volatile quarters in recent history, Charles Schwab today released details of the Charles Schwab Active Trader Sentiment Survey designed to take the pulse of nearly 500 individual investors who trade frequently. Among the findings: Nearly half of the respondents (49 percent) were 55 years or older. 76 percent expect the S&P 500 to rise or trade sideways in the next more...
5/14/08 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 April 2008 include: Net new assets brought to the company by new and existing clients in April 2008 totaled $3.8 billion, reflecting client cash disbursements during tax season. Total client assets were $1.439 trillion as of month-end April, up 7% from more...
5/6/08 8:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Funds is expanding its family of mutual funds with the addition of its first actively managed international fund — the Schwab® International Core Equity Fund. The new fund is designed to offer broad international equity exposure to help investors diversify their portfolios. The fund combines portfolio optimization strategies with rigorous, systematic international stock research more...
5/5/08 1:00 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab client Hormel Foods Corporation was recently honored for an innovative program to introduce a stock option award or similar benefit to the company’s diverse workforce. The company received the award from the non-profit Global Equity Organization, which developed the GEO Awards to recognize and honor outstanding achievements by companies operating international employee stock plans. Hormel Foods more...
5/2/08 9:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab & Co., Inc. announced today that it has expanded its Laudus Funds line-up and its relationship with Mondrian Investment Partners Limited, by launching two new funds designed for institutional investors and 401(k) plans. The Laudus Mondrian Institutional Emerging Markets Fund (LIEMX) and the Laudus Mondrian Institutional International Equity Fund (LIIEX) both began operations on April 25, 2008 more...
4/29/08 8:58 am PDT
--(BUSINESS WIRE)--Charles Schwab (Nasdaq:SCHW):   What:     Nearly 70% of Americans received a tax refund last year, with the average amount being $2,250. This year, approximately 95% of Americans will also receive a rebate from the economic stimulus more...
4/29/08 6:00 am PDT
SAN FRANCISCO & LUBBOCK, Texas--(BUSINESS WIRE)--Charles Schwab today announced that Danielle Winchester, a doctoral student at Texas Tech University, has been named the inaugural Schwab Research Scholar. The announcement coincides with the naming of the “Schwab Technology Complex,” a new teaching facility located on Texas Tech University’s campus. Both the research fellowship and the new technology complex are funded by a $1 more...
4/28/08 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Foundation today announced its sponsorship of awards for the winners of the newly-launched National Financial Literacy Challenge, a 35-question test of personal finance knowledge and understanding for high school students across the United States. The online, voluntary test is an initiative recommended by the President’s Advisory Council on Financial Literacy and sponsored by the Department of the U. more...
4/25/08 1:02 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation (Nasdaq:SCHW) today announced its Chairman and CEO Charles R. Schwab exercised options on 3,304,035 company shares. These options were set to expire on May 11, 2008. Unexercised options are cancelled upon expiration and therefore lose all value. The options, originally granted on May 11, 1998 for 700,000 shares with a pre-split strike price of $34.69 per share, were part of Mr. more...
4/24/08 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 $0.05 per common share. The dividend is payable May 23, 2008 to stockholders of record May 9, 2008. About Charles Schwab The Charles Schwab Corporation (Nasdaq: SCHW) is a leading provider of financial services, with more than 300 offices and 7.2 million client brokerage accounts, 1.3 million more...

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