Press Releases

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...
9/21/12 8:10 am PDT
Charles Schwab has slashed the operating expense ratios (OERs) for each of its 15 Schwab ETFs™, dramatically elevating its position in the ETF industry with the lowest OERs in their respective Lipper categories. Schwab is an industry leader in serving ETF investors, with $142 billion in client ETF assets as of August 31, 2012. The company launched its own Schwab ETFs in November 2009, becoming the first to introduce commission-free more...
9/17/12 5:45 am PDT
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of August 2012 include: Net new assets brought to the company by new and existing clients in August 2012 totaled $6.9 billion. Total client assets were a record $1.86 trillion as of month-end August, up 12% from August 2011 and up 2% compared to July 2012. Client daily average more...
9/13/12 6:00 am PDT
In an effort to address the distinct needs of low-income workers and jobseekers age 50 and older, AARP Foundation and Charles Schwab Foundation have launched a new financial capability program, which is being rolled out in seven major cities across the United States. AARP research has found that more than 20 million people over age 50 are struggling to make ends meet. This population has been hit especially hard by the economic downturn more...
9/12/12 10:00 am PDT
Charles Schwab today announced the expansion of its global investing capabilities with the launch of the Schwab Global AccountTM, a platform providing investors direct, 24/7 online access to 12 foreign equity markets with the ability to trade in their local currencies whenever the markets are open. The new platform, available at www.schwab.com/global, comes at a time of renewed demand for global investments: a new Schwab survey more...
9/11/12 9:00 am PDT
Charles Schwab today announced mobile deposit capabilities for iPad users, enabling Schwab brokerage and Schwab Bank clients to deposit checks remotely by taking a picture of a check with their iPad camera. Charles Schwab launched its first native app for iPad nearly a year ago, and is one of the few financial services firms to provide its clients the convenience of mobile deposit capabilities and integrated banking and brokerage mobile services more...
8/29/12 1:30 pm PDT
The Charles Schwab Corporation (the “Company”) announced today the expiration of its offer to certain eligible holders of its outstanding 4.950% senior notes due 2014 (CUSIP No. 808513AC9) (“Old Notes”) to exchange Old Notes for new senior notes due 2022 (“New Notes”) and cash (the “Exchange Offer”). The Exchange Offer expired at midnight, New York City time, on August 28, 2012 (the “Expiration Date”). The complete terms of the Exchange Offer more...
8/27/12 5:30 am PDT
A growing number of employers are providing their employees with 401(k) plan features to help drive positive plan participation and encourage savings, according to data released today by Schwab Retirement Plan Services, a Top 10 401(k) provider to approximately 1.5 million company retirement plan participants.* Key statistics for 2011 include: 73 percent of employers provided a 401(k) matching contribution, up from 68 percent more...
8/22/12 9:35 am PDT
The Charles Schwab Corporation (the “Company”) announced today the pricing terms of its offer to certain eligible holders of its outstanding 4.950% senior notes due 2014 (CUSIP No. 808513AC9) (“Old Notes”) to exchange the Old Notes for new senior notes due 2022 (“New Notes”) and cash (“Exchange Offer”). The complete terms of the Exchange Offer are set forth in a confidential offering memorandum and related letter of transmittal, each as amended more...
8/22/12 5:45 am PDT
The Charles Schwab Corporation (the “Company”) announced today the expiration of the early participation period in connection with its offer to certain eligible holders of its outstanding 4.950% senior notes due 2014 (CUSIP No. 808513AC9) (“Old Notes”) to exchange the Old Notes for new senior notes due 2022 (“New Notes”) and cash (“Exchange Offer”). The complete terms of the Exchange Offer are set forth in a confidential offering memorandum and more...
8/20/12 11:17 am PDT
Charles Schwab today announced a sponsorship of the 34th America’s Cup, becoming the official investment firm for the America’s Cup World Series events in San Francisco and the Louis Vuitton Cup, America’s Cup Challenger Series, and America’s Cup Finals in 2013. Over the next 13 months, Schwab’s founding city of San Francisco, Calif. will play host to the high-profile international competition and its millions of fans. “ more...
8/15/12 6:30 am PDT
Investors who are uncertain about which way to turn in today’s bond markets can learn more about their options for fixed income investing in a new paper released today by Charles Schwab, a leading provider of financial services. The paper looks at several bond investing themes investors should be mindful of at a time when many believe their only choices are to lower their expectations or take on more risk. “The current environment of more...
8/15/12 5:41 am PDT
The Charles Schwab Corporation (the “Company”) announced today that the early participation date for the previously announced private exchange offer of its 4.950% senior notes due 2014 (CUSIP No. 808513AC9) (“Old Notes”) for new senior notes due 2022 (“New Notes”) and cash (“Exchange Offer”) has been extended to 5:00 p.m., New York City time, on August 21, 2012 (the “Early Participation Date”), the pricing date for the Exchange Offer has been more...
8/14/12 5:45 am PDT
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of July 2012 include: Net new assets brought to the company by new and existing clients in July 2012 totaled $7.4 billion. Total client assets were $1.82 trillion as of month-end July, up 11% from July 2011 and up 1% compared to June 2012. Client daily average trades were 396.1 more...
8/7/12 8:30 am PDT
Schwab Advisor Services announced today the expansion of its ‘Insight to Action’ practice management consulting program, offering registered investment advisors (RIAs) hands-on support and guidance on practice management challenges that often hamper the successful growth and management of their businesses. The curriculum is available in select cities throughout the country on these topics: strategic planning, managing profitability, technology more...
8/1/12 7:21 am PDT
The Charles Schwab Corporation (the “Company”) announced today the commencement of an offer to certain eligible holders of its outstanding 4.950% senior notes due 2014 (CUSIP No. 808513AC9) (“Old Notes”) to exchange the Old Notes for new senior notes due 2022 (“New Notes”) and cash (“Exchange Offer”). A summary of certain key terms of the Exchange Offer is attached. The Exchange Offer is being conducted by the Company upon the terms and more...
7/31/12 1:34 pm PDT
The Charles Schwab Corporation (the “Company”) announced today its decision to redeem all of the Fixed to Floating Rate Trust Preferred Securities issued by Schwab Capital Trust I (the “Trust Preferred Securities”). The Trust Preferred Securities are being redeemed, along with the common securities issued by Schwab Capital Trust I and held by the Company, as a result of the concurrent redemption in whole by the Company of the junior subordinated more...
7/30/12 6:00 am PDT
Charles Schwab announced on Saturday the grand prize winner of its first “Oh, Chuck! I Blew my Cash” contest. Dan Lamoureux of Thornton, Ill. will be awarded $10,000 in a Schwab brokerage account for sharing his story of a regrettable impulse purchase: a castle bounce house. According to his submission, Dan thought the $600 bounce house would be a hit at family parties for years to come, but the novelty wore off quickly and now the mammoth more...
7/26/12 1:37 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 24, 2012 to stockholders of record August 10, 2012. The Board of Directors of The Charles Schwab Corporation has also declared a quarterly dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of $14.17 per share which covers more...
7/26/12 8:00 am PDT
Schwab Advisor Services released today industry-wide data on registered investment advisor (RIA) mergers and acquisition activity for the first half of 2012. The results include details of the total transactions and average deal assets under management (AUM) for the first half of the year. Highlights include: Twenty five (25) deals have been completed in the first half of 2012, totaling approximately $36.2 more...
7/24/12 8:00 am PDT
Schwab Charitable, one of the nation’s largest and fastest growing national donor-advised fund organizations, reported both record charitable assets under management and record annual grants in its Fiscal Year 2012. As of June 30, 2012, Schwab Charitable’s assets under management were $3.16 billion and grants to charities for the year totaled $524 million. “Despite uncertainty in the broader economic environment, we are thrilled more...
7/17/12 8:00 am PDT
Independent registered investment advisors (RIA) reported record levels of assets under management (AUM) and revenues in 2011 - driven by the addition of new clients, and offsetting the year’s flat market performance - according to the 2012 RIA Benchmarking Study from Charles Schwab. The median RIA firm increased revenues by 12 percent and AUM by 3.8 percent, marking a second consecutive year of record highs for the industry. New more...
7/17/12 5:44 am PDT
The Charles Schwab Corporation announced today that its net income for the second quarter of 2012 was $275 million, up 41% from $195 million for the first quarter of 2012, and up 16% from $238 million for the second quarter of 2011. Net income for the six months ended June 30, 2012 was $470 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...
7/16/12 7:00 am PDT
Charles Schwab, a leader in the financial services industry, is celebrating an industry milestone with the release of Schwab’s Mutual Fund OneSource® at 20, a report that looks back at the evolution of a groundbreaking service that simplifies the way investors buy and sell no-load mutual funds from multiple fund families without paying transaction fees. Unveiled in July 1992 with eight fund families and 80 mutual funds, Schwab’s Mutual Fund more...
7/11/12 1:05 pm PDT
The Charles Schwab Corporation announced today that it has scheduled a Business Update for institutional investors on Wednesday, July 25, 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 company’s executive management more...
7/11/12 6:35 am PDT
Charles Schwab Investment Management, Inc. announced today the launch of the Laudus Mondrian Global Fixed Income Fund (LMGDX). The new fund provides investors with a single vehicle to access international developed, U.S., and emerging market bond markets worldwide. Managed by Charles Schwab Investment Management, the value-oriented Laudus Mondrian Global Fixed Income Fund seeks long-term total returns by investing in fixed-income more...

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