Press Releases
6/28/12 9:00 am PDT
High net worth (HNW) women place great importance on investment
performance and influence or drive many household financial decisions,
according to the new Women and Financial Independence Study
released today by Schwab Advisor Services. Conducted to provide
independent investment advisors with information on how best to serve
the growing population of HNW women, the survey finds that 65 percent of
respondents consider themselves financially more...
6/21/12 6:00 am PDT
In order to help advisors gain greater efficiency in their business
practices, Charles Schwab announced today that a full library of 28
universal workflows are now available in the Schwab OpenView Workflow
Library™ (Workflow Library) through Schwab Intelligent Technologies. The
new workflows cover critical aspects of managing a successful investment
advisory practice, including lead generation, client onboarding, service
requests and business more...
6/20/12 5:30 am PDT
Schwab Retirement Plan Services has been named the top 401(k) provider
in the categories of loyalty and overall satisfaction in a survey by
Boston Research Group, affirming its standing as a leading provider of
401(k) plan services.
Loyalty Rankings
Schwab, which serves plans with 1.5 million corporate retirement plan
participants, received its number one ranking in loyalty by both
employers sponsoring 401(k) plans and more...
6/18/12 6:00 am PDT
Schwab Performance Technologies® (SPT), a subsidiary of The Charles
Schwab Corporation and a leading provider of technology solutions for
independent investment advisors, announced today that the company is
building a hosted version of its flagship portfolio management software
for independent investment advisors. PortfolioCenter® Hosted
is being developed in response to advisors’ growing interest in
cloud-based technology and to address the more...
6/14/12 10:00 am PDT
Charles Schwab has received the highest ranking in overall customer
satisfaction in the 2012 US Self-Directed Investor Satisfaction StudySM
from J.D Power and Associates. With an index score of 801 on a
1,000-point scale, Schwab scored 33 points above the overall
satisfaction industry average. Schwab received the highest score in
customer satisfaction in the areas of account information, account
offerings and information resources more...
6/14/12 5:45 am PDT
The Charles Schwab Corporation released its Monthly Market Activity
Report today. Company highlights for the month of May 2012 include:
Net new assets brought to the company by new and existing clients in
May 2012 totaled $9.2 billion.
Total client assets were $1.76 trillion as of month-end May, up 5%
from May 2011 and down 4% compared to April 2012.
Client daily average trades were 432.3 more...
6/13/12 4:30 am PDT
Charles Schwab:
WHAT:
They say confession is good for the soul and at this special event, it
may also be good for your wallet. This week, Charles Schwab will give
New Yorkers a chance to share their stories of questionable spending
decisions and provide an opportunity to win $10,000 in a Schwab brokerage
account. Schwab’s mobile video booth, a glass truck outfitted to
record contest submissions from passersby, will be more...
5/29/12 10:00 am PDT
Charles Schwab launched a new video series today that addresses a common
situation many people have faced: impulse spending. The series, titled
“Oh Chuck! I Blew My Cash,” features Schwab Founder Chuck Schwab
listening and offering advice to six people who made ill-advised but
humorous spending decisions. The videos can be found on Schwab’s Facebook
page and on YouTube.
“We’ve all made impulse purchases, yet in the back of our minds we’ more...
5/24/12 8:30 am PDT
As part of its continued commitment to registered investment advisors
(RIAs), Schwab Advisor Services has announced the addition of the
“Trailblazer IMPACT Award™” to its 2012 IMPACT Awards® program.
The new award will recognize a firm that forges new ground in the RIA
space by combining entrepreneurial spirit with a drive to advance the
industry’s interests. This could take the form of community-based
financial education, involvement with more...
5/23/12 6:00 am PDT
The Charles Schwab Corporation (NYSE: SCHW):
WHAT:
The Charles Schwab Corporation’s annual Schwab Volunteer Week, the
ninth consecutive year more...
5/21/12 6:00 am PDT
The Charles Schwab Corporation’s annual Schwab Volunteer Week begins
today in 45 cities across the U.S. This year’s event, which runs through
Friday, May 25, marks the ninth consecutive year that Schwab has
galvanized its employees to volunteer during a week-long period of
company-sponsored time off. Throughout the week, over 2,600 employees
and executives from coast to coast will spend approximately 11,000 hours
on more than 160 different more...
5/17/12 1:38 pm PDT
The Board of Directors of The Charles Schwab Corporation has declared a
semi-annual dividend on the outstanding Fixed-to-Floating Rate
Non-Cumulative Perpetual Preferred Stock, Series A in the amount of
$36.17 per share, which covers the period running from January 26
through July 31, 2012. The dividend is payable August 1, 2012, to
stockholders of record at the close of business on July 17, 2012.
About Charles Schwab more...
5/17/12 9:00 am PDT
As part of the ongoing initiative to integrate with leading platforms serving independent investment advisors, Schwab announced today that Tamarac, a division of Envestnet, Inc., has been selected for participation in Schwab Intelligent Integration™. This integration will allow for real-time custody data from Schwab Advisor Services to be available within the Tamarac Xi web-based platforms Advisor CRM® and Advisor View®.“This marks another important milestone in our effort to work with more...
5/17/12 6:00 am PDT
Protecting against risk is the most important concern for Americans of
every age when it comes to managing their retirement assets, according
to Charles Schwab’s latest quarterly Retirement Pulse Survey released
today. Schwab’s survey found that 35 percent of Americans consider
protecting retirement assets more important than growing those assets,
while only eight percent consider growing retirement assets more
important than protecting them more...
5/14/12 5:45 am PDT
The Charles Schwab Corporation released its Monthly Market Activity
Report today. Company highlights for the month of April 2012 include:
Net new assets brought to the company by new and existing clients in
April 2012 totaled $1.0 billion, reflecting client cash disbursements
during tax season.
Total client assets were $1.83 trillion as of month-end April, up 9%
from April 2011 and flat compared to March more...
5/10/12 6:30 am PDT
Mom is always a great go-to source when you’re in need of some advice
and with Mother’s Day just around the corner, Schwab’s most recent
quarterly retirement survey found that the most popular pearl of
financial wisdom doled out by mothers is “Money doesn’t grow on trees,”
as 42 percent of respondents recall hearing that phrase from Mom as a
child.
“Teaching children about finance early in life will pay off for everyone
in the more...
5/7/12 10:00 am PDT
Employers and their employees hold different perspectives on how to best
achieve retirement preparedness through 401(k) plans, according to the
results of two newly released studies from Schwab Retirement Plan
Services. Taken together, the studies indicate that, despite efforts by
employers to educate workers on the 401(k) offering, most workers are
unengaged and financially unprepared for retirement.
CFO Research Services, on behalf of more...
5/4/12 8:00 am PDT
Continuing its rollout of convenient on-the-go banking solutions for
investors, Schwab today announced the release of Schwab Bank Bill Pay™
for iPad, iPhone and Android. The new Bill Pay feature allows Schwab
Bank clients to make, edit, monitor and cancel payments from their
mobile and iPad devices. The remote bill pay option also enables Schwab
Bank clients to add and edit new payees and billers through the Schwab
mobile apps more...
5/3/12 7:00 am PDT
Military Times EDGE Magazine Names Charles Schwab a "Best for Vets" Employer for Third Straight Year
For the third year, Charles Schwab & Co. Inc., has been recognized as a
"Best for Vets" employer by Military Times EDGE Magazine.
"Schwab values the experience, focus and dedication that military
veterans bring to their work. Like the military, Schwab focuses on
teamwork and working in ways that bring our values to life as we support
those we serve and help them to pursue their goals," said Jay Allen,
Charles Schwab & Co., Inc.’ more...
5/2/12 6:00 am PDT
Charles Schwab & Co., Inc. today announced an initiative to make its
website more accessible and inclusive for all customers. Schwab’s
initiative will particularly improve the client experience for Schwab
customers with disabilities. Schwab has adopted the Web Content
Accessibility Guidelines (WCAG) version 2.0 level AA as its website
accessibility standard and has begun working to meet this standard.
Kit Lau, who is blind, has been more...
4/26/12 5:00 am PDT
High net worth investors are not as bullish about the markets and the
economy as independent advisors, but nonetheless have confidence in
their advisors’ ability to meet their investment goals in the current
environment, according to two new companion surveys released today by
Charles Schwab Advisor Services. The first, the 11th
semi-annual Independent Advisor Outlook Study, surveyed almost
900 RIAs representing $204 billion in assets under more...
4/25/12 12:04 pm PDT
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 25, 2012 to stockholders of record May 11, 2012.
About Charles Schwab
The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of
financial services, with more than 300 offices and 8.6 million client
brokerage accounts, 1.52 million corporate retirement plan more...
4/24/12 6:00 am PDT
According to the Older
Workers & Money Survey released today by Charles Schwab & Co.,
Inc., more than three-quarters (76 percent) of middle-income Americans
who are between the ages of 50 and 69 say they are sticking with their
jobs because they “want to” vs. being “stuck” in them because they can’t
leave. Moreover, one in four workers in this age group (27 percent) say
this is the happiest time of their working career, and another one more...
4/18/12 8:30 am PDT
The Charles Schwab Corporation (NYSE:SCHW):
WHEN
April 18, 2012
WHAT
Schwab more...
4/17/12 6:00 am PDT
Eighteen-year-old Kujegi Camara of New York City has been named the
fifth annual National Ambassador for the Money
Matters: Make it CountSM program, sponsored by Boys &
Girls Clubs of America (BGCA) and Charles Schwab Foundation. The
National Ambassador serves as spokesperson for the program and is
charged with promoting financial education as the basis for lifelong
financial health and well-being to teens across the country more...
4/16/12 5:45 am PDT
The Charles Schwab Corporation announced today that its net income was
$195 million for the first quarter of 2012, up 20% from $163 million for
the fourth quarter of 2011, and down 20% from $243 million for the
year-earlier quarter.
Three Months Ended more...
4/12/12 1:00 pm PDT
The Charles Schwab Corporation announced today that it has scheduled an
Interim Business Update for institutional investors on Thursday, April
26, 2012. 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. Participants will more...
3/28/12 8:16 am PDT
Syretha Shirley of the Boys & Girls Clubs of Las Vegas has won top
honors in the Money Matters Music Mogul (M4) Contest, sponsored by Boys
& Girls Clubs of America (BGCA) and Charles
Schwab Foundation, for her song “Time is Money.”
The contest was designed to tap the talent and creativity of teens
across the U.S. to raise awareness of the importance of being smart
about money, and to spread the word about the financial more...
3/26/12 8:00 am PDT
Charles Schwab Corporation (NYSE:SCHW):
WHAT:
As part of Schwab Advisor Services’ ongoing commitment to helping
financial advisors considering a move to the RIA model, Tim Oden, Senior
Managing Director of Business Development, will be taking questions
about the move to independence via Schwab Advisor Services’ Twitter
handle @Schwab4RIAs.
From Monday, Mar. 26 at 9 a.m. PDT to Monday, Apr. 9 at 5 p.m. PDT more...
3/22/12 6:00 am PDT
Charles Schwab today released new data showing that active traders are
turning more bullish and plan to invest most of their tax refunds in the
stock market. The latest Charles Schwab Active Trader Sentiment Survey
polled 421 individual investors who trade frequently (at least 36 times
per year) and found 51 percent of respondents now consider themselves
bullish, the highest level seen since Schwab began tracking active
trader sentiment in April more...
3/14/12 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 2012 include: Net new assets brought to the company by new and existing clients in February 2012 totaled $21.3 billion, including a $12.0 billion inflow related to a mutual fund clearing services client. Total client assets were a record $1.81 trillion as of month- more...
3/9/12 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Investment Management, Inc. (CSIM), the asset management arm of The Charles Schwab Corporation (“Schwab”), announced today that two of its funds received industry accolades for best-in-class performance. The Schwab California Tax-Free Bond Fund™ (SWCAX) was named “Best California Intermediate Municipal Debt Fund over Ten Years” out of 21 qualified funds in the category, for the fourth consecutive year. more...
3/6/12 1:30 pm PST
SAN FRANCISCO--(BUSINESS WIRE)--Following a recent No-Action letter obtained from the Securities and Exchange Commission (SEC), Charles Schwab today announced its support for The Depository Trust & Clearing Corporation’s (DTCC’s) Alternative Investment Products service (AIP) as a means to facilitate the custody of alternative investments. AIP is a service offering of National Securities Clearing Corporation (NSCC), a subsidiary of DTCC. The letter more...
3/6/12 7:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced that it has received the number-one ranking in the Securities industry category in FORTUNE Magazine’s 2012 list of the World's Most Admired Companies, achieving top scores for innovation, quality of products and services, and financial soundness in the category. “We are honored to have been chosen as the top-rated firm in our industry again this year,” commented Schwab more...
3/6/12 5:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The current economic climate has affected the way in which nearly half (49%) of Americans are approaching contributions to their Individual Retirement Accounts (IRA), according to Charles Schwab’s latest quarterly retirement pulse survey released today. Eighteen percent of Americans with an IRA are contributing less in order to cover everyday expenses, six percent say they cannot afford to contribute to both their 401(k more...
2/28/12 8:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--As the investment advisory landscape continues to shift, a new Charles Schwab survey of advisors at major financial firms finds that more than three-fourths (76%) of those surveyed expect a continued increase in the number of advisors becoming independent registered investment advisors (RIAs), and more than half (51%) say that they find the idea of being an RIA appealing. Younger advisors show even more proclivity for more...
2/21/12 9:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab was among three firms that earned the highest customer satisfaction score in an independent survey conducted by the American Customer Satisfaction Index (ACSI), leading the online brokerage category for the third year in a row. In the fourth quarter of 2011, the ACSI surveyed online brokerage customers about the quality of products and services available to household consumers in the United States more...
2/16/12 7:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Schwab announces that the Schwab OpenView Gateway™ platform offered by Schwab Intelligent Technologies™ now integrates with Junxure 9, Junxure’s latest version of client relationship management (CRM) software for independent investment advisors. Junxure provides technology, consulting and training to independent investment advisors, and its CRM solution is one of the most widely used by firms that custody assets with more...
2/16/12 7:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--After completing successful pilots with 40 independent investment advisory firms, Schwab has launched two key platforms as part of the Schwab Intelligent Integration initiative: Schwab OpenView Integrated Office™ and Schwab OpenView Gateway™ for Salesforce. Both will be showcased at the industry conference “T3” Technology Tools for Today™ starting today in Dallas, TX. Provided by Schwab Performance more...
2/14/12 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 2012 include: Net new assets brought to the company by new and existing clients in January 2012 totaled $7.1 billion. Total client assets were a record $1.74 trillion as of month-end January, up 9% from January 2011 and up 4% from December 2011. more...
2/1/12 8:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--According to a just-released survey of Charles Schwab individual investor clients, just 26 percent feel better off financially than they did one year ago, down from 44 percent who said they felt better off in Q4 2010. Additionally, just one-third (33 percent) of these investors now say they feel confident in their ability to make investment decisions. Amid this downbeat sentiment, newly enrolled accounts in the more...
1/26/12 1:53 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 24, 2012 to stockholders of record February 10, 2012. About Charles Schwab The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with more than 300 offices and 8.6 million active brokerage accounts, 1.49 more...
1/26/12 5:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, a leading provider of financial services, is taking proactive steps to provide investors with the insights and resources they need to prepare for cost-basis reporting changes this tax season. These changes will affect anyone who trades securities, impacting how they file taxes and, potentially, how much they’ll owe. To help navigate these changes, Schwab is providing investors with online resources and more...
1/25/12 8:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Advisor Services, a leading provider of custodial, operational and trading support for nearly 7,000 independent registered investment advisory firms (RIAs), today released its industry-wide RIA mergers and acquisitions transaction report. According to the report, there were 57 M&A deals involving RIAs for the full year 2011, representing approximately $44 billion in total assets under management (AUM)*. The more...
1/20/12 9:54 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that it has scheduled a Business Update for institutional investors on Thursday, February 2, 2012. 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...
1/18/12 5:45 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that its net income was $163 million for the fourth quarter of 2011, up 37% from $119 million for the year-earlier period. The company’s fourth quarter 2010 net income was $218 million prior to the inclusion of charges relating to the Schwab YieldPlus® Fund. For the twelve months ended December 31, 2011, the company’s net income was $864 million, up 90% year-over-year. The more...
1/10/12 11:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Retirement Plan Services, Inc., a major 401(k) provider to approximately 1.5 million workers saving through company retirement plans, today launched Schwab Index Advantage, a one-of-a-kind 401(k) plan offer designed to lower costs, simplify investing and help workers better prepare for retirement. “It’s time to rethink the 401(k) plan and pay closer attention to workers who, now more than ever, are more...
1/10/12 7:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the nation’s largest national donor-advised fund organizations1, has announced two important leadership appointments, effective January 1, 2012. Kim Laughton has been appointed president of Schwab Charitable and Carrie Schwab-Pomerantz has been elected chairman of the Schwab Charitable Board. Laughton, a 16-year veteran of Schwab and Schwab Charitable, takes on the role of more...
1/9/12 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The appetite for exchange-traded funds (ETFs) among independent investment advisors continues unabated into 2012, but a new report released today by Charles Schwab suggests advisors will use them differently this year. U.S. fixed income ETFs captured 54 percent of ETF inflows in 20111, and U.S. equity ETFs saw 33 percent of flows, while funds tracking international equities and commodities - and gold in particular – lost more...
12/19/11 8:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today announced a new suite of enhancements to StreetSmart Edge®, its flagship platform for active traders, which incorporates more flexible order entry capabilities and powerful new market monitoring features. The new tools are seamlessly integrated into the intuitive StreetSmart Edge workflow to help clients identify new trading opportunities and efficiently execute their trading strategies. Highlights more...
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