Press Releases

11/11/13 8:00 am PST
Schwab Advisor Services announced the launch of several key initiatives that fuel the continued evolution of technology from underlying infrastructure in an independent registered investment advisor (RIA) firm to a central role in the support of client relationships and firm growth. The new offerings include Schwab OpenView MobileTM, an advisor-branded app for RIAs, the pilot of electronic approvals for forms and wires, and plans for Project PM2 more...
11/11/13 6:00 am PST
Charles Schwab Advisor Services released results of its 14th semi-annual Independent Advisor Outlook Study (IAOS) today from its IMPACT conference – the nation’s largest and longest-running annual gathering of RIAs. The study findings were cited frequently during today’s main stage presentation by Bernie Clark, executive vice president of Charles Schwab & Co., Inc., and head of Schwab Advisor Services, to the more than 1,900 more...
11/11/13 5:40 am PST
“Think beyond the demands of now, remove the distractions and act with the future in mind” was the message delivered today by Bernie Clark, executive vice president of Charles Schwab & Co., Inc., and head of Schwab Advisor Services, to more than 1900 independent registered investment advisors (RIAs) gathered at the nation’s capital. Clark spoke from the main stage at IMPACT – the nation’s largest and longest-running annual gathering more...
10/24/13 2:58 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 November 22, 2013 to stockholders of record at the close of business on November 8, 2013. The Board of Directors of The Charles Schwab Corporation has also declared a regular quarterly dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the more...
10/16/13 6:00 am PDT
Since its debut earlier this year, Charles Schwab has added 16 new ETFs to Schwab ETF OneSource™, the platform that gives investors and advisors access to the most commission-free ETFs anywhere in the industry1. Today, Schwab clients can now buy and sell 121 ETFs with $0 online trade commissions – a 15% increase from the 105 ETFs first offered when Schwab ETF OneSource was launched in February. Schwab ETF OneSource includes funds from more...
10/15/13 5:45 am PDT
The Charles Schwab Corporation announced today that its net income for the third quarter of 2013 was $290 million, up 13% from $256 million for the second quarter of 2013, and up 17% from $247 million for the third quarter of 2012. Net income for the nine months ended September 30, 2013 was $752 million, up 5% from the year-earlier period. The company’s financial results for the nine months ended September 30, 2012 include a pre-tax gain of $70  more...
10/14/13 9:00 am PDT
The Charles Schwab Corporation announced today that it has scheduled an Interim Business Update for institutional investors on Monday, October 28th. 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...
10/14/13 6:00 am PDT
More than three in five investors believe a market correction will occur in the next nine months, but nearly half (49 percent) think now is a good time to invest in equities, and 70 percent say they are engaged in managing their money. The latest findings on client sentiment by Charles Schwab, one of the country’s largest investment services firms with more than $2.08 trillion in client assets*, reflect continued engagement in the stock market more...
10/10/13 6:00 am PDT
Nearly 85 percent of traders say they are confident that stock prices will either remain at or near their current levels or continue to rise over the next three to six months, according to new data captured in Charles Schwab’s most recent Trading Services Sentiment Survey from September 2013. Despite geopolitical uncertainty and near-term risks – including gridlock in Washington, D.C. over government funding, the debt ceiling and more...
10/4/13 5:00 am PDT
Charles Schwab Investment Management, Inc. (CSIM) announced today that four Schwab Exchange-Traded Funds (ETFs) have received top honors from Morningstar, Inc. for providing the best investor experience over the past year compared to other ETFs in their respective categories. Now in their second year, the Morningstar ETF Awards recognize ETFs and ETF providers that have ranked the highest in their category versus peers over the past more...
10/3/13 6:00 am PDT
For a growing number of investors, exchange-traded funds (ETFs) are being embraced as a mainstay of a diversified portfolio. According to the 2013 ETF Investor Study by Charles Schwab, half of respondents plan to increase their ETF holdings over the next year – a 22 percent increase over those who said the same in 2012. Nearly one in ten investors (nine percent) now hold 50 percent or more of their portfolios in ETFs, more than double the four more...
9/19/13 6:00 am PDT
For investors who missed out on the rebound in equities following the financial crisis in 2008 or for those who are underinvested in U.S. stocks, opportunities may still exist according to a new whitepaper published by Charles Schwab this week. The whitepaper, entitled “Take Part in a Renaissance of U.S. Growth,” examines a domestic industrial renaissance that has begun to unfold due to a host of factors including improvements in U.S. more...
9/16/13 5:45 am PDT
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of August 2013 include: Core net new assets (before significant one-time flows) brought to the company by new and existing clients in August 2013 totaled $22.3 billion. Net new assets of negative $2.4 billion contained the following items: Core flows of $22.3 billion, including more...
9/12/13 7:00 am PDT
While students work hard to finish college, many lack the practical coaching and skills to help them land their first job. To help bridge this gap for University of Central Florida (UCF) students. Schwab’s employee resource group, Black Professionals at Charles Schwab (BPACS), has teamed up with UCF’s Multicultural Student Center for its second year of the UCF Bridge Development Program. This six-session, weekend program offers students and more...
8/20/13 6:00 am PDT
The Charles Schwab Corporation has received new recognition for its military-friendly recruiting practices and workplace, as one of the “Best of the Best Top Veteran-Friendly Companies” in the August issue of U.S. Veterans Magazine. This is the second consecutive year that Schwab has received this award. This recognition follows on the heels of Military Times Edge magazine’s naming Schwab to its list of Best for Vets 2013, for more...
8/15/13 5:30 am PDT
The majority of American workers in a new survey accept responsibility for financing their own retirement and are relying primarily on their 401(k) to get them there, but many lack the confidence to effectively manage their retirement savings. The nationwide survey of more than 1,000 401(k) plan participants, commissioned by Schwab Retirement Plan Services (“Schwab”), shows a high level of self-reliance among respondents. Roughly nine more...
8/14/13 5:45 am PDT
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of July 2013 include: Net new assets brought to the company by new and existing clients in July 2013 totaled $8.8 billion. Total client assets were a record $2.12 trillion as of month-end July, up 16% from July 2012 and up 3% compared to June 2013. Client daily average trades were more...
8/13/13 8:30 am PDT
According to industry-wide registered investment advisor (RIA) merger and acquisition (M&A) data compiled by Schwab Advisor Services, the first half of 2013 closed with 18 completed transactions, totaling $15.4 billion in assets under management (AUM), which is the lowest on record since the first half of 2008. In comparison, the first half of 2011 ended with 27 deals totaling $20 billion in AUM, while 25 deals totaling $36 billion in AUM more...
8/8/13 9:15 am PDT
Charles Schwab Investment Management (CSIM), an exchange-traded funds (ETFs) industry leader, announced today that six new Schwab Fundamental Index® ETFs will begin trading next week. Along with Schwab’s other 15 proprietary ETFs, these new core funds will be available for purchase commission-free online in Schwab accounts beginning August 15. CSIM is the sole asset manager to offer ETFs and mutual funds tracking the Russell Fundamental more...
7/25/13 2:58 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 August 23, 2013 to stockholders of record at the close of business on August 9, 2013. The Board of Directors of The Charles Schwab Corporation has also declared a regular quarterly dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount more...
7/24/13 8:00 am PDT
According to a new study released today by Charles Schwab, consumers are far less likely to shop around for financial products than for household products such as TVs and appliances and the disparity is striking when it comes to buying bonds. Even among the 61% self-described bargain hunters, most of whom know that pricing on financial products vary greatly, confusion and inertia overcome the desire to get the best deal when buying bonds: while more...
7/24/13 6:00 am PDT
The Charles Schwab Corporation has received new recognition for its employee-friendly workplace as one of Florida Trend magazine’s Best Companies to Work for in the State of Florida. The fifth annual statewide Best Companies list appears in the August issue of Florida Trend magazine and on FloridaTrend.com. One-hundred organizations were recognized in small, medium and large company categories, and Schwab was in the large company category. The more...
7/17/13 8:00 am PDT
Schwab Charitable, one of the nation's leading donor-advised fund organizations, reported strong results for Fiscal Year 2013, reflecting growing interest by individuals, families and their independent registered investment advisors (RIAs) in becoming more strategic about when and how they give. As of June 30, 2013, Schwab Charitable assets under management were $4.8 billion and grants to charities for the fiscal year totaled more than $600 more...
7/16/13 5:45 am PDT
The Charles Schwab Corporation announced today that its net income for the second quarter of 2013 was $256 million, up 24% from $206 million for the first quarter of 2013, and down 7% from $275 million for the second quarter of 2012. Net income for the six months ended June 30, 2013 was $462 million, down 2% from the year-earlier period. The company’s financial results for both the second quarter and first half of 2012 include a pre-tax gain of more...
7/12/13 1:00 pm PDT
The Charles Schwab Corporation announced today that it has scheduled a Business Update for institutional investors on Friday, July 26, 2013. 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. - 12:45 p.m. PT, 11:30 a.m. - 3:45 p.m. ET. Participants will include members of the company’s executive management more...
7/11/13 8:00 am PDT
A majority of active traders (54 percent) believe that this is a good time to invest in equities, but bullish outlook for the second half of the year has fallen, according to new data from Charles Schwab’s most recent Active Trader Sentiment Survey from June 2013. Nearly 38 percent of traders surveyed say they are bullish on stocks over the next three to six months, down from 52 percent in March. While over half believe that equities more...
7/10/13 8:30 am PDT
Registered investment advisors (RIAs) continued to set the pace for growth in the industry in 2012, according to results from the Schwab Advisor Services annual RIA Benchmarking Studyi. More than 1,000 RIA firms, representing nearly half a trillion dollars in assets under management (AUM), participated in the annual study, the largest of its kind focusing exclusively on RIAs. Results revealed that the median RIA firm in the study ended 2012 with more...
7/8/13 8:31 am PDT
According to a Schwab Advisor Services survey of independent registered investment advisors (RIAs), harmonization of rules for broker-dealers and RIAs on average could more than double compliance costs for RIAs in the first year of implementation while providing very little positive benefit to their clients. On average, RIAs estimate a 63% increase in time spent on compliance-related issues and an increase of $175,000 in first year compliance more...
6/27/13 2:55 pm PDT
According to a new study from Schwab, seven in 10 affluent investors feel today’s financial markets are too complicated to navigate without an advisor. One-third of study participants also say their desire for investment advice has increased in the past year, and three-quarters say they are most confident making investment decisions when they collaborate with their investment professional; just one-third say they feel that same level of more...
6/26/13 8:30 am PDT
According to the 13th semi-annual Independent Advisor Outlook Study (IAOS) released today by Charles Schwab Advisor Services, independent registered investment advisors (RIAs) appear to have reached a turning point in the industry’s progression. RIAs note a resurgence of confidence and a growing understanding of what a successful RIA business of the future must look like. While they are optimistic, advisors acknowledge emerging new more...
6/24/13 10:30 am PDT
Schwab Intelligent Technologies™ announced today new participants in Schwab OpenView Gateway™ along with enhancements to the Schwab Advisor Services proprietary web trading platform to increase the depth and breadth of Schwab’s technology offerings for advisors and better facilitate day-to-day business activities with both Schwab and their clients. New additions to Gateway include Envestnet | Tamarac’s Advisor Rebalancing® application, PIEtech’s more...
6/24/13 8:30 am PDT
During its annual EXPLORE event last week, Charles Schwab CEO Walt Bettinger and head of Schwab Advisor Services Bernie Clark commended independent registered investment advisors (RIAs) for their thriving business model and uncompromising focus on serving clients, and shared with them an enthusiastic outlook for the future of the RIA space. Bettinger and Clark also spoke about the potential challenges ahead as RIAs continue to grow, including more...
6/17/13 6:00 am PDT
The Charles Schwab Corporation has been recognized again for its employee-friendly workplace through three new awards received this month. In the San Francisco Bay Area, Cleveland, and state of Arizona, Schwab has been named to lists of great places to work. For the San Francisco Bay Area and Cleveland, the Top Workplaces program is conducted by WorkplaceDynamics, an independent research firm on organizational health and employee engagement, in more...
6/14/13 5:45 am PDT
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of May 2013 include: Net new assets brought to the company by new and existing clients in May 2013 totaled negative $1.9 billion. May 2013 net new assets included a $10.3 billion outflow related to a mutual fund clearing services client. The clearing outflow is part of a planned transfer totaling more...
6/12/13 6:00 am PDT
Charles Schwab has launched a new national marketing campaign with the theme, “Own Your Tomorrow™,” across print, TV, online and mobile media channels. New advertising begins appearing in major national outlets today and was introduced with a letter from founder and Chairman Charles R. Schwab, which appeared in The Wall Street Journal and The New York Times yesterday. In the letter, Schwab explained, “I founded Schwab on the more...
6/12/13 6:00 am PDT
A majority of Americans who are highly engaged across many aspects of life also grab hold of the wheel when it comes to investing, according to a new study by Charles Schwab. But a sizeable number of go-getters in life say they are not actively involved in their investment portfolio, revealing a dichotomy between how they engage in life and their behavior when it comes to investing. Today’s Engaged Investor surveyed 1,000 Americans who more...
5/29/13 5:30 am PDT
With investors focused on the importance of generating income for today’s needs while growing their nest eggs for the future, Charles Schwab has introduced ThomasPartners™, a dividend income-focused money management strategy newly available for Schwab retail clients and its independent Registered Investment Advisor (RIA) clients. Last December, Schwab acquired the Wellesley, Massachusetts, money management firm, which uses a more...
5/28/13 6:00 am PDT
Boys & Girls Club teen Austin McHenry of Seattle has been named the sixth 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...
5/22/13 10:00 am PDT
In an effort to encourage more Nevada students to graduate from college, Schwab Bank today announced it will grant $20,000 to the Nevada College Kick Start Program, administered by Nevada State Treasurer Kate Marshall, to fund college savings accounts for 400 kindergarten students in Washoe County Title 1 schools. Students with a college savings account are up to seven times more likely to attend college than those without an account, more...
5/20/13 6:00 am PDT
The Charles Schwab Corporation’s annual Schwab Volunteer Week begins today in 82 cities across the U.S. This year’s event commemorates the tenth consecutive year that Schwab has mobilized its workforce to volunteer during a period of company-sponsored time off. This year will mark the greatest level of employee participation yet in the history of the annual event, with nearly 3,200 employees and executives spending more than 12,000 hours on more more...
5/16/13 12:52 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 $35 per share. The dividend is payable August 1, 2013, to stockholders of record at the close of business on July 17, 2013. About Charles Schwab The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of more...
5/14/13 5:45 am PDT
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of April 2013 include: Net new assets brought to the company by new and existing clients in April 2013 totaled $22 million, reflecting client cash disbursements during tax season. April 2013 net new assets included a $7.3 billion outflow and a $2.6 billion inflow related to mutual fund clearing services more...
5/6/13 8:30 am PDT
Schwab Performance Technologies (SPT) recently announced the launch of PortfolioCenter Hosted, a new solution for independent registered investment advisors (RIAs), giving them more choice and flexibility in portfolio management technology. PortfolioCenter Hosted has the full functionality of SPT’s flagship portfolio management software PortfolioCenter, but with the added benefit of outsourcing the technology infrastructure and management to more...
5/6/13 8:30 am PDT
Schwab Intelligent Technologies announces the launch of Schwab OpenView MarketSquare™, a review site that compiles feedback and ratings from independent registered investment advisors (RIAs) on some of the leading technology vendors and products in the industry. Since announcing the MarketSquare concept in November 2012, Schwab Intelligent Technologies has received more than 400 reviews from advisors on more than 80 different products. For today more...
5/2/13 8:30 am PDT
The first quarter of 2013 closed with 13 completed merger and acquisition (M&A) deals totaling $5.8 billion in assets under management (AUM) within the independent registered investment advisor (RIA) segment, according to industry-wide data compiled by Schwab Advisor Services. This marks the highest number of transactions recorded in this sector since the first quarter of last year in which 17 deals were closed, totaling $24 billion in AUM more...
4/30/13 9:00 am PDT
Active traders are expressing renewed optimism about the U.S. stock market, despite ongoing concerns about the economic and political environment, according to new data from two Charles Schwab studies released today. In Schwab’s most recent Active Trader Sentiment Survey, 52 percent of active trader clients say they have a bullish outlook on stocks in the next three to six months, while only 17 percent consider themselves bearish more...
4/24/13 12:48 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 24, 2013 to stockholders of record May 10, 2013. The Board of Directors of The Charles Schwab Corporation has also declared a regular quarterly dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of $15.00 per share or $0.375 more...
4/23/13 7:00 am PDT
Schwab Retirement Plan Services, a Top 10 401(k) provider* to approximately 1.6 million workers saving through company retirement plans, today announced the addition of Morningstar Associates, LLC (Morningstar) as a managed account provider for Schwab Index Advantage®, an innovative retirement plan solution combining low fund investment expense1 with personalized savings recommendations and investment management designed to help workers more...
4/15/13 9:00 am PDT
The Charles Schwab Corporation has been recognized for its employee-friendly workplace through three separate awards received this month. In both Indianapolis and Denver, Schwab has been named to the list of “Top Workplaces” for each city. The Top Workplace program was developed by WorkplaceDynamics, an independent research firm, in partnership with local publications that include The Denver Post and Indianapolis Star, respectively more...
4/15/13 5:45 am PDT
The Charles Schwab Corporation announced today that its net income was $206 million for the first quarter of 2013, down 2% from $211 million for the fourth quarter of 2012, and up 6% from $195 million for the year-earlier quarter. These results are consistent with the outlook expressed in the company’s press release dated March 14, 2013.   Three Months Ended more...

Corporate Public Relations
Contacts for Journalists Only

 

888-767-5432

Subscribe

Business Wire NewsHQ℠