Press Releases

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...
4/11/13 9:00 am PDT
The Charles Schwab Corporation announced today that it has scheduled an Interim Business Update for institutional investors on Thursday, April 25, 2013. 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...
4/10/13 6:00 am PDT
For the second year in a row, Boys & Girls Club teens have shown that hip hop beats lend themselves surprisingly well to themes about personal finance. Blake McGuire, a 15-year-old member of the Boys & Girls Clubs of Indianapolis, has won top honors in the second annual Money Matters Music Mogul (M4) Contest, sponsored by Boys & Girls Clubs of America (BGCA) and Charles Schwab Foundation, for his memorable and upbeat rap “Money more...
4/9/13 10:00 am PDT
While retaining clients remains one of the top three most important areas of focus for advisors when making the move to the independent model, advisors who have been independent for less than two years say the majority of clients stick by their side once they make the switch, Schwab Advisor Services learned from a series of recent interviews1 with forty “sophomore year” independent registered investment advisors (RIAs) who custody with the firm more...
3/29/13 6:00 am PDT
Charles Schwab announced today the launch of the Schwab Advisor Center app for Android™, the latest development in mobile capabilities for independent investment advisors that work with Schwab Advisor Services. As of today, advisors will be able to access client account information via all Android devices, including phones, tablets, and Kindle products. Advisors with an Android device that utilizes OS 2.2 or higher can use the new app more...
3/27/13 5:30 am PDT
Charles Schwab is making it even easier for investors to sharpen their trading skills. As part of its continuing commitment to investor education, Schwab will host a virtual education event for active traders on Thursday, March 28, 2013. Workshops on essential trading topics such as navigating today’s markets, stock selection and chart pattern recognition will be streamed live and free of charge, over the internet. “With the stock more...
3/14/13 5:45 am PDT
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of February 2013 include: Net new assets brought to the company by new and existing clients in February 2013 totaled $18.3 billion, including an $8.1 billion inflow related to a mutual fund clearing services client. Total client assets were a record $2.04 trillion as of month-end February, up more...
3/12/13 8:00 am PDT
Today Schwab Charitable, one of the nation's largest national donor-advised funds, announced enhancements to its Global Giving Program that will streamline and simplify international giving for its clients. Schwab Charitable is the first national donor-advised fund to partner with NGOsource, a new legal service that assesses whether a foreign grantee can be considered the equivalent of a U.S.-public charity and qualify for tax-deductible more...
3/6/13 8:30 am PST
Charles Schwab and Texas Tech University celebrated the opening last week of the newly renovated Charles Schwab Personal Financial Planning Technology Complex1 at a ribbon cutting event attended by university faculty, students and financial professionals currently studying at Texas Tech for CE credits. Over the past several years, Schwab has contributed millions of dollars in support to universities and has developed programs to help mentor more...
3/6/13 8:00 am PST
Despite a general sense of confidence in their financial readiness for retirement, affluent Americans might be overlooking critical tenets of retirement planning, according to a new Schwab survey of approximately 1,800 investors across nine major U.S. markets. More than eight in 10 (84 percent) investors say they have a retirement plan in place, and 80 percent of these respondents say they are confident about their financial readiness for more...
2/21/13 9:00 am PST
Investors searching for core, low-cost exchange-traded funds (ETFs) to use as the building blocks of their portfolios helped push Schwab ETFs to a new milestone: the suite of 15 equity and fixed income ETFs reached $10.02 billion in assets under management as of February 8, 2013. Charles Schwab Investment Management (CSIM) reached this threshold just slightly more than three years after launching its first proprietary ETFs in November 2009 more...
2/21/13 5:30 am PST
Schwab Retirement Plan Services, a Top 10 401(k) provider* to approximately 1.6 million workers saving through company retirement plans, today announced first-year results for Schwab Index Advantage, a one-of-a-kind 401(k) plan offer designed to lower fund investment costs, simplify investing and help workers better prepare for retirement. “Last year we launched Schwab Index Advantage with the goal of stripping out unnecessary more...
2/19/13 5:00 am PST
optionsXpress, Inc. (“optionsXpress”), a wholly-owned subsidiary of Charles Schwab, announced today that it has replaced its tiered commission structure for futures and futures options with new pricing of $3.50 per contract. Clients have access to optionsXpress’ powerful, easy-to-use trading platform and robust package of tools, education, and support for futures trading – now at a lower cost. “We’ve seen demand for trading futures and more...
2/14/13 5:45 am PST
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of January 2013 include: Net new assets brought to the company by new and existing clients in January 2013 totaled $12.1 billion, including a $2.2 billion inflow related to a mutual fund clearing services client. Total client assets were a record $2.01 trillion as of month-end January, up 16% more...
2/7/13 8:30 am PST
Charles Schwab announced today the launch of Schwab ETF OneSource™ — a new ETF platform that gives investors and advisors access to the most commission-free ETFs anywhere in the industry1. Beginning today, Schwab clients can buy and sell 105 ETFs with $0 online trade commissions. The offering spans major asset classes, with funds from leading providers, including State Street SPDR® ETFs, Guggenheim Investments, PowerShares, ETF more...
2/6/13 8:00 am PST
Investors seeking an easy-to-understand, low-cost retirement funding option that can generate guaranteed income for life can now consider the new Schwab Retirement Income Variable Annuity (SRIVA), Charles Schwab announced today. The new Schwab Retirement Income Variable Annuity, featuring an optional guaranteed lifetime withdrawal benefit (GLWB), was developed for investors seeking a low-cost, easy-to-understand variable annuity that more...
1/30/13 8:00 am PST
Charles Schwab today announced the launch of a new Planning Center on Schwab.com with content and insights to help investors begin planning for retirement, estate planning, college savings and more. For each of these topics, the planning process is broken into manageable steps based on an individual’s specific situation and goals, and the Planning Center delivers straightforward strategies and actionable next steps to help investors get more...
1/28/13 8:30 am PST
According to industry-wide independent registered investment advisor (RIA) mergers and acquisition data compiled by Schwab Advisor Services, 2012 closed with a thirty percent increase in the total value of M&A transactions year over year. The assets under management of the 45 deals completed in 2012 totaled $58.8 billion versus $43.9 billion for the 57 deals in 2011. “The independent model has become a destination of choice for both more...
1/25/13 8:00 am PST
The Charles Schwab Corporation announced today that it has scheduled a Business Update for institutional investors on Thursday, February 7, 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. - 12:00 p.m. PT, 11:30 a.m. - 3:00 p.m. ET. Participants will include members of the company’s executive management more...
1/24/13 1:54 pm PST
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 22, 2013 to stockholders of record February 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 amount of $15.00 per share or more...

Corporate Public Relations
Contacts for Journalists Only

 

888-767-5432

Subscribe

Business Wire NewsHQ℠