Press Releases

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...
1/23/13 5:30 am PST
Charles Schwab Investment Management, Inc. announced today three new additions to the Schwab Target Funds for the years 2045, 2050, and 2055. Additionally, Charles Schwab Bank has added two new funds to its line-up of collective trust funds for eligible retirement plans – the Schwab Managed Retirement Trust Fund 2055 (SMRT 2055) and the Schwab Indexed Retirement Trust Fund 2055 (SIRT 2055). With these additions, Schwab now offers a full more...
1/22/13 8:00 am PST
Schwab Charitable, one of the nation’s leading national donor-advised fund organizations, closed its 2012 giving season with a record level of charitable contributions and new accounts as individuals and their advisors embraced Schwab Charitable’s tax-smart, simple and accessible approach to supporting the non-profit causes about which individuals care most. Spurred by an uncertain tax environment amidst the fiscal cliff debate, contributions more...
1/16/13 5:45 am PST
The Charles Schwab Corporation announced today that its net income for the fourth quarter of 2012 was $211 million, down 15% from $247 million for the third quarter of 2012, and up 29% from $163 million for the fourth quarter of 2011. Net income for the twelve months ended December 31, 2012 was $928 million, up 7% year-over-year. Schwab’s 2012 results include an after-tax gain of approximately $44 million relating to the resolution of a vendor more...
1/15/13 5:43 pm PST
The Charles Schwab Corporation announced today that it has extended the expiration date of its offer to exchange up to $256,405,000 aggregate principal amount of its 3.225% Notes due 2022 (the "Old Notes") that have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), for an equal amount of its outstanding 3.225% Notes due 2022 that have been registered under the Securities Act (the "New Notes"). As a result more...
1/15/13 8:30 am PST
The Charles Schwab Corporation (NYSE:SCHW): WHAT:The University of California, Irvine broke ground on the planned Charles Schwab Trading and Technology Lab, the cornerstone of a new 78,000-square-foot building to be located within the University’s Paul Merage School of Business. Once completed, the planned lab – announced recently at Schwab’s IMPACT® 2012 conference - will offer students the ability to receive high quality training and educational tools in the areas of investment and more...
1/11/13 1:21 pm PST
Charles Schwab Investment Management, Inc. announced today that it will begin posting the per-share market value for all of its domestic taxable and tax-free money market funds on a daily basis, beginning later this quarter. “As one of the largest retail providers of money market funds, we are committed to providing transparency that helps fund shareholders understand their investments,” said Marie Chandoha, president, Charles more...
12/28/12 8:00 am PST
Charles Schwab announced today that there will be no capital gains distributions in 2012 by any of the funds in the Schwab ETF™ family. “We are extremely pleased to be able to deliver this tax efficiency to the growing number of clients who invest in ETFs, and consider it another of the important benefits that Schwab ETFs offer investors,” said John Sturiale, vice president of product management for Charles Schwab & Co., Inc more...
12/18/12 8:00 am PST
Schwab Charitable, one of the nation’s leading national donor-advised fund organizations, is reminding advisors and investors that year-end deadlines for charitable giving are fast approaching and that there are multiple ways, from cash contributions to the donation of appreciated assets, that individuals can realize tax benefits from charitable giving this year. The traditional giving season is well underway and Schwab Charitable is more...
12/17/12 5:45 am PST
The Charles Schwab Corporation today announced the completion of its acquisition of ThomasPartners, Inc. The acquisition agreement, originally announced October 15, 2012, includes an upfront payment of $85 million in cash and the opportunity for additional payments contingent on future growth in assets under management. “We are pleased to be able to provide our retail and investment advisor clients with convenient and cost more...
12/14/12 5:45 am PST
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of November 2012 include: Net new assets brought to the company by new and existing clients in November 2012 totaled $16.2 billion, including a $5.4 billion inflow related to a mutual fund clearing services client and a $0.9 billion outflow related to a planned transfer from Corporate Brokerage Services more...
12/12/12 11:34 am PST
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 February 1, 2013, to stockholders of record at the close of business on January 17, 2013. About Charles Schwab The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of more...
12/4/12 8:00 am PST
This holiday season, Americans are wishing for a better employment picture for the United States, according to the latest quarterly pulse survey from Charles Schwab and Co., Inc. Nearly half (46 percent) of Americans wish to unwrap a lower unemployment rate for the country this holiday season, followed by a substantial decrease in the national debt (26 percent) and a better housing market (12 percent). Though a financial resolution in Europe more...
11/28/12 12:00 pm PST
Charles Schwab today launched an enhanced On Investing app for the iPad®-- the latest example of the firm’s commitment to provide insightful, actionable and sharable investing and personal finance information in the various places people want to receive it. In addition to articles from Schwab’s popular On Investing magazine, investors can now get Schwab’s latest research, expert perspectives and investment guidance all in one place and at no more...
11/27/12 9:00 am PST
Thanks to cloud technology, active traders can now access Schwab’s most powerful trading platform, StreetSmart Edge®, on the web from any Mac or PC with an internet connection, giving traders flexible access to everything that was previously available only using downloadable software. “Our active traders want the power of StreetSmart Edge without limitations, and bringing them web access through cloud technology means that they more...
11/27/12 8:00 am PST
With the annual giving season underway, Schwab Charitable is expecting record levels of contributions as individuals and their advisors seek to meet charitable giving priorities while also navigating the uncertain outlook for taxes given the expiration of the Bush-era tax cuts at the end of this year. As of October 31, 2012, Schwab Charitable has seen an almost 75 percent increase in contributions year-over-year. “November and December more...
11/26/12 10:00 am PST
Charles Schwab announced today that it has joined with Piper Jaffray, a leading investment bank and asset management firm, to provide clients access to Piper Jaffray’s new issue municipal bonds through Schwab’s BondSource® platform. Piper Jaffray is a top-ranked municipal bond underwriter in the U.S. with specialized expertise in a wide array of state and local markets. “Our clients have asked for the ability to participate in more...
11/21/12 5:45 am PST
The Charles Schwab Corporation announced today that it will redeem all of its outstanding 4.950% Senior Notes due 2014 (the “Notes”) on December 21, 2012, the redemption date. The redemption price is equal to the sum of the principal amount of the Notes outstanding, a make-whole premium which will be calculated three business days prior to the redemption date in accordance with the related indenture, and accrued and unpaid interest on more...
11/19/12 6:00 am PST
Charles Schwab has launched Compliance Solutions to help financial services firms and industry providers meet increasingly complex employee compliance and regulatory requirements. Compliance Solutions represents the fulfillment of an initiative started in November 2011 when The Charles Schwab Corporation acquired Compliance11, Inc. and paired it with Schwab Designated Brokerage Services (DBS). Compliance11 provides regulatory more...
11/15/12 11:00 am PST
At its IMPACT 2012 conference today, Bernie Clark, executive vice president and head of Schwab Advisor Services announced the development and enhancement of two separate state-of-the-art learning facilities at UC Irvine and Texas Tech, which offer students the ability to receive high-quality training and educational tools in the areas of investment and wealth management. The development of these hands-on learning environments at both more...
11/15/12 8:00 am PST
The majority of active traders believe that the market will close higher in both 2012 and 2013 despite expressing concerns going into last week’s Presidential election, according to data released today by Charles Schwab. The latest Charles Schwab Active Trader Sentiment Survey polled participants in the Schwab Trader Day virtual event on October 20, 2012. While 24 percent of participating traders were concerned about the November more...
11/15/12 6:30 am PST
Schwab Advisor Services announced today the winners of its 2012 IMPACT Awards® for independent registered investment advisors (RIAs). Recipients include: Iowa-based Foster Group, Inc. for Best-in-Business IMPACT Award™; Glassman Wealth Services, LLC of McLean, VA, for the Pacesetter IMPACT Award™; and Sullivan, Bruyette, Speros & Blayney, Inc, also of McLean, for more...
11/14/12 7:00 am PST
In his keynote address at Schwab’s IMPACT 2012® Conference, one of the nation’s largest and longest-running annual gatherings of independent investment advisors, executive vice president of Charles Schwab & Co., Inc. and head of Schwab Advisor Services, Bernie Clark unveiled enhancements to “RIA Stands for You” – the company’s multi-media campaign aimed at educating affluent investors about the benefits of working with an independent more...
11/14/12 6:30 am PST
In a compelling keynote address today from the main stage at IMPACT 2012 – one of the nation’s largest and longest-running annual gatherings of independent registered investment advisors (RIAs) – Bernie Clark, executive vice president of Charles Schwab & Co., Inc., and head of Schwab Advisor Services, emphasized the importance of cultivating the next generation of RIA leadership and outlined Schwab’s bold agenda to launch a series of forward more...
11/14/12 5:45 am PST
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of October 2012 include: Net new assets brought to the company by new and existing clients in October 2012 totaled $24.7 billion, including a $15.7 billion inflow related to a mutual fund clearing services client. Total client assets were a record $1.9 trillion as of month-end October, up 13% more...
11/13/12 3:00 pm PST
In order to help independent investment advisors make more informed decisions when evaluating technology products and vendors, Schwab Intelligent Technologies announced at IMPACT® 2012 that it will launch a review site featuring ratings and advisor feedback on popular providers. An extension of the Schwab Intelligent Integration initiative, the goal for Schwab OpenView MarketSquare (MarketSquare) is to provide advisors with guidance and support more...
11/13/12 3:00 pm PST
At a press conference during the first day of IMPACT 2012, executives from Charles Schwab & Co., Inc. (Schwab) shared details on a major initiative designed to transform the way Schwab serves independent advisors and advisors’ clients. Schwab is seeking to enhance its already industry-leading service model through a significant, multi-year investment intended to help independent advisors serve their clients even more effectively in a new era more...
11/12/12 6:05 am PST
Investors intrigued about exchange-traded funds (ETFs) can now head to the ETF Education Exchange (www.schwabetfeducationexchange.com), a new website from Charles Schwab designed to close the knowledge gap in ETFs by aggregating educational content, research and market insights from ETF industry leaders. As the popularity of ETFs continues to expand, one message from investors comes through loud and clear: they want to learn more more...
11/8/12 7:00 am PST
Charles Schwab is celebrating Veterans’ Day this year with a new award recognizing the company’s military-friendly practices. GI Jobs magazine has named Schwab a 2013 Top 100 Military Friendly Employer®. The companies receiving this recognition were selected from a survey sample of 5,000 companies whose annual revenues exceed $500 million. Criteria for selection include the strength of company military recruiting efforts, the percentage more...
11/2/12 11:40 am PDT
Extending its suite of mobile capabilities for advisors, Charles Schwab today announced that the new Schwab Advisor Center app for the iPad is available for download. Advisors will now be able to access key client data such as balances, positions, and transactions from their iPads. The new app is customized for the tablet format including large charts that offer insights into daily account movements and scrolling quotes that help advisors track more...
10/30/12 2:00 pm PDT
Advent Software, Inc. (NASDAQ: ADVS) and Schwab Intelligent Technologies announced today that they entered into an agreement to integrate two of Advent’s portfolio management platforms – Black Diamond and Advent Portfolio Exchange® (APX) via Advent OnDemand® – with the Schwab OpenView Gateway™. Through this agreement, Advent will be extending the availability of custody information from Charles Schwab & Co., Inc. to drive high value more...
10/25/12 2:10 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 23, 2012 to stockholders of record November 9, 2012. 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...
10/25/12 9:00 am PDT
Schwab Performance Technologies (SPT), a subsidiary of The Charles Schwab Corporation and a leading provider of technology solutions to more than 3800 independent advisory firms, announced today enhancements to both Schwab OpenView Integrated Office™ (Integrated Office) and PortfolioCenter®. One of the additions to Integrated Office is document management through SPT’s new agreement with NetDocuments, a leading provider of cloud-based email and more...
10/22/12 8:30 am PDT
Schwab Advisor Services released today industry-wide data on independent registered investment advisor (RIA) mergers and acquisition activity for the third quarter of 2012. The results are available and include details of total transactions and average deal assets under management for the third quarter. Highlights include: The year-to-date assets under management (AUM) for M&A deal activity reached $42.3 more...
10/17/12 6:05 am PDT
Charles Schwab is expanding its education program for active traders by providing live online access to the next Schwab Trader Day. For the first time, active traders will be able to participate in this in-person event by streaming live workshops on essential trading topics and visiting the virtual exhibit hall directly from their home computers. “To navigate today’s markets, our active trader clients tell us they want to expand their more...
10/15/12 5:45 am PDT
The Charles Schwab Corporation announced today that its net income for the third quarter of 2012 was $247 million, down 10% from $275 million for the second quarter of 2012, and up 12% from $220 million for the third quarter of 2011. Net income for the nine months ended September 30, 2012 was $717 million, up 2% year-over-year. The company’s third quarter and year-to-date financial results include a non-recurring state tax benefit of more...
10/15/12 5:15 am PDT
The Charles Schwab Corporation today announced an agreement to acquire ThomasPartners, Inc., which includes an upfront payment of $85 million in cash and the opportunity for additional payments contingent on future growth in assets under management (AUM). The deal is expected to close during the fourth quarter, subject to customary closing conditions. Headquartered in Wellesley, Massachusetts, ThomasPartners is a dividend income-focused more...
10/9/12 6:00 am PDT
With only a month to go until the Presidential election, the outlook and mood of independent registered investment advisors (RIAs) is a study of big-picture optimism with a strong shot of short-term pessimism mixed in, according to the 12th semi-annual Independent Advisor Outlook Study released today by Charles Schwab Advisor Services. The study collected opinions of more than 830 RIAs representing $183 billion in assets under management and more...
10/4/12 6:05 am PDT
Exchange-traded funds (ETFs) are “here to stay,” declare 81 percent of respondents to the 2012 ETF Investor Study by Charles Schwab, but the need for education persists: 45 percent still call themselves novices when it comes to understanding these products, and a smaller number (39 percent) claim they now know more about ETFs than they did a year ago. “It’s very exciting to see investors rally enthusiastically around ETFs as an more...
10/1/12 9:00 am PDT
Schwab Intelligent Technologies and Salentica Inc. announced today that Salentica Advisor Desk™ with Schwab OpenView Gateway™ is available to independent investment advisors after a successful pilot. Advisors who use Salentica Advisor Desk as their client relationship management (CRM) solution can now view real-time information on their clients’ financial holdings within their CRM. Custody information available from Schwab Advisor Services more...

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