Press Releases

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...
4/17/08 9:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Continuing in its tradition of showcasing excellence among independent advisors, Schwab Institutional today opened the submission window for its third annual IMPACT Awards®, an industry-wide awards program that honors independent advisors and firms. SEC-registered advisors who meet the eligibility guidelines are encouraged to participate – regardless of their custodial relationships. Submissions will be more...
4/15/08 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 $305 million for the first quarter of 2008, up 29% from the first quarter of 2007.   Three Months Ended more...
4/3/08 6:53 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that it has scheduled a Business Update for institutional investors on Thursday, April 17, 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 the more...
3/31/08 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--As employers look for more ways to help their employees save for retirement, Charles Schwab today released new data showing an increase in the number of plan sponsors making the Roth 401(k) available to employees. As of December 31, 2007, 35 percent of Schwab-administered retirement plans were offering the Roth 401(k), a significant increase from 26 percent at the end of 2006. This number is also well above the industry more...
3/26/08 9:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today announced enhancements to its managed account platform to assist independent investment advisors who choose to outsource functions such as money manager research and portfolio construction in order to run their businesses more efficiently. As part of this effort, Schwab Institutional has recently formed new and expanded relationships with three firms that provide investment products and back-office more...
3/26/08 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Asked to select topics they wish they had learned more about when they were teenagers, the greatest percentage of today’s parents with teens (57 percent) choose “money management.” Surprisingly, most parents admit to raising children who may someday share the same regret. These are among the key findings of “Parents & Money,” the latest annual survey on the topic of families and money more...
3/14/08 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 February 2008 include: Net new assets brought to the company by new and existing clients in February 2008 totaled $12.5 billion. Total client assets were $1.391 trillion as of month-end February, up 10% from February 2007 and flat to January 2008 more...
3/13/08 11:14 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Board of Directors of The Charles Schwab Corporation has authorized repurchases of up to an additional $500 million of the Company's common stock. Shares may be repurchased through open market or privately negotiated transactions based on prevailing market conditions. As of December 31, 2007, the Company had 1.2 billion weighted average common and common equivalent shares outstanding. Under an authorization more...
3/5/08 5:15 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Advisors are much less optimistic about the U.S. economy, according to the latest Schwab Institutional study of independent registered investment advisors. Forty-one percent of advisors surveyed in the second half of January say the S&P will fall in the next six months, as compared to just 18 percent who felt that way in July 2007. And although Federal Reserve Chairman Ben Bernanke’s approval rating with more...
2/19/08 5:30 am PST
NEW YORK--(BUSINESS WIRE)--At the International Traders Expo in New York today, Charles Schwab announced several enhancements designed to improve the overall trading experience for its most active traders. These include multiple upgrades to Schwab’s suite of web-based and software trading platforms and a personalized welcome service to help new clients get quickly oriented to Schwab’s active trading services. “We more...
2/14/08 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 January 2008 include: Net new assets brought to the company by new and existing clients in January 2008 totaled $11.1 billion. Total client assets were $1.396 trillion as of month-end January, up 10% from January 2007 and down 3% from December 2007 more...
2/13/08 5:05 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the country’s largest and fastest growing nonprofits, announced total contributions to its national donor-advised fund have exceeded $3 billion since its inception. Created with a mission to increase charitable giving nationwide, Schwab Charitable Fund™ achieved the $3 billion milestone as it ended its most productive year for charitable contributions. In 2007, the Fund received more more...
2/11/08 5:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab’s Gen X Money Mindsets Study, a segmentation study of more than 5,000 Americans aged 25-40 found that younger investors generally fall into six distinct categories based on their mindsets and attitudes toward money. The study also overturned some commonly held beliefs about Gen Xers and their attitudes toward finances, investing, and achieving the “American Dream.” “ more...
2/4/08 2:11 pm PST
SAN FRANCISCO--(BUSINESS WIRE)--Building on the success of its innovative suite of Fundamental Index mutual funds, Charles Schwab Investment Management, the asset management subsidiary of the Charles Schwab Corporation, has added two new international funds to its lineup. The new Schwab Fundamental International Small-Mid Company Index Fund and the Schwab Fundamental Emerging Markets Index became available on January 31, 2008. They are the more...
2/4/08 1:00 pm PST
SAN FRANCISCO--(BUSINESS WIRE)--Only 13 percent of Americans ages 25-40 feel strongly that they’re on the right track for retirement and know exactly what they need to do to prepare, according to a new study commissioned by Charles Schwab. The vast majority (89 percent) of this age group admit to having at least one major financial concern regarding retirement, yet nearly four out of every five (78 percent) agree that, for now, retirement planning takes more...
1/24/08 1:16 pm PST
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 February 22, 2008 to stockholders of record February 8, 2008. About Charles Schwab The Charles Schwab Corporation (Nasdaq:SCHW) is a leading provider of financial services, with more than 300 offices and 7.0 million client brokerage accounts, 1.2 more...
1/24/08 9:15 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Chuck Schwab, founder of The Charles Schwab Corporation and chairman of Charles Schwab Foundation, has been named chairman of the newly-formed President’s Advisory Council on Financial Literacy. The mission of the Advisory Council is to bring national attention to the need for better financial education and to find ways to improve financial literacy for all Americans. President Bush signed the Executive Order more...
1/16/08 5:45 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that its income from continuing operations (which excludes the impact of U.S. Trust) was $305 million for the fourth quarter of 2007, up 36% from the fourth quarter of 2006. For the year ended December 31, 2007, the company’s income from continuing operations was a record $1.1 billion, up 26% from 2006. more...

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