Press Releases
4/15/10 5:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that its net income was $119 million for the first quarter of 2010, down 45% from the first quarter of 2009. Chairman Charles Schwab commented, “Our plan this year is to continue expanding and improving the services and resources we provide to help investors reach their financial goals while delivering the convenience and great value we’ve always stood for. We made more...
4/12/10 8:58 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Investment Management, Inc. (CSIM) announced today that assets under management in its eight Schwab exchange-traded funds (ETF) exceeded $1 billion on April 6, 2010. Since the first four Schwab ETFs(tm) launched five months ago, they have seen significant adoption in the market, driven in part by low operating expense ratios and commission-free online trading in Schwab accounts. "We’re delighted more...
4/8/10 12:03 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--As the tax deadline approaches and refunds arrive, Charles Schwab & Co., Inc. recommends that investors take stock of their finances to ensure the full benefits of returns are realized. “While new electronics and vacations are tempting, we encourage our clients to use refunds to support longer-term financial goals,” said Kim Segal, financial consultant in Schwab’s Boston branch. “Particularly in today’s more...
3/31/10 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--According to new data* from Charles Schwab, a 401(k) provider to approximately 1.5 million company retirement plan participants, employers remain focused on engaging their employees in retirement savings and providing 401(k) plan features that help drive positive savings behaviors. Through the end of 2009, 70 percent of plans serviced by Schwab made 401(k) investing advice available to participants, up from 62 percent in more...
3/25/10 9:11 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Investment Management, Inc. (CSIM), the asset management arm of The Charles Schwab Corporation, a leading provider of bond and equity mutual funds, announced today that the Schwab California Tax-Free Bond Fund (SWCAX) was awarded “Best California Intermediate Municipal Debt Fund over Ten Years” out of 21 qualified funds, marking the second straight year Schwab’s bond fund has been recognized more...
3/25/10 5:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation (NYSE:SCHW), a leading provider of financial services for individual investors, independent investment advisors, and employers, announced today that it received the highest customer loyalty ranking in the consumer brokerage and investment sector based on the Satmetrix 2010 Net Promoter® industry rankings. A company’s Net Promoter Score is based on customers’ likelihood to more...
3/17/10 7:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--As the April 15 tax deadline looms and people are thinking about how investing in an IRA might play a role in their retirement savings strategy, new data* from Charles Schwab shows that more people are rolling 401(k) savings into an IRA when leaving a job. According to Schwab data, 69 percent of assets held by 401(k) participants who left their job in the fourth quarter of 2008 had been distributed from former employers more...
3/17/10 7:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--As the April 15 tax deadline looms and people are thinking about how investing in an IRA might play a role in their retirement savings strategy, new data* from Charles Schwab shows that more people are rolling 401(k) savings into an IRA when leaving a job. According to Schwab data, 69 percent of assets held by 401(k) participants who left their job in the fourth quarter of 2008 had been distributed from former employers more...
3/15/10 5:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--As part of its commitment to providing investors with a wide array of fixed income solutions and simplicity in the investing process, Charles Schwab & Co., Inc. is offering four Municipal Bond Ladder Separately Managed Account (SMA) strategies managed by PIMCO, one of the most respected bond managers in America. The competitively priced strategies are designed for fixed income investors seeking tax-advantaged solutions more...
3/15/10 5:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--As part of its commitment to providing investors with a wide array of fixed income solutions and simplicity in the investing process, Charles Schwab & Co., Inc. is offering four Municipal Bond Ladder Separately Managed Account (SMA) strategies managed by PIMCO, one of the most respected bond managers in America. The competitively priced strategies are designed for fixed income investors seeking tax-advantaged solutions more...
3/12/10 5:45 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of February 2010 include: Net new assets brought to the company by new and existing clients in February 2010 totaled $7.9 billion. Total client assets were $1.432 trillion as of month-end February, up 37% from February 2009 and up 2% from January 2010 more...
3/10/10 8:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--As the country gets into the heart of tax season, people are thinking about investing in IRAs as a way to help maximize tax savings and plan for retirement. For those people considering a Roth IRA conversion, Schwab is making additional resources and tools available to investors, independent investment advisor clients, and 401(k) plan participants designed to help navigate the decision making process. Prior to more...
3/10/10 8:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--As the country gets into the heart of tax season, people are thinking about investing in IRAs as a way to help maximize tax savings and plan for retirement. For those people considering a Roth IRA conversion, Schwab is making additional resources and tools available to investors, independent investment advisor clients, and 401(k) plan participants designed to help navigate the decision making process. Prior to more...
3/8/10 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the nation’s largest and fastest growing donor-advised funds, and the Center for Nonprofit and Public Leadership at the UC Berkeley Haas School of Business will host their next Philanthropy Speaker Series event (“Investment Advisors and Philanthropy”) on March 16 at 12:30 p.m. in the Wells Fargo Room C420 of the Cheit Building at Haas. The event will bring together leading investment more...
3/4/10 5:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--According to the latest Real Life Retirement quarterly pulse survey by Charles Schwab & Co, Inc., investors still remain uncertain about the future of the economy, with more than half (54 percent) expecting another dip before the stock market settles. But investors are taking a proactive approach to future investing, with 46 percent focused on growing their retirement savings and just 29 percent on protecting, more...
3/2/10 9:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Independent investment advisors see a renewed emphasis on personal financial discipline emerging as the silver lining of the worst stock market downturn since the 1930s, according to Charles Schwab’s most recent survey of independent registered investment advisors. Charles Schwab is a leading provider of custodial, operational and trading support for approximately 6,000 independent registered investment more...
2/22/10 2:13 pm PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation (NASDAQ:SCHW), a leading provider of financial services for individual investors, independent investment advisors, and employers, today announced that it is transferring the listing of its common stock to the New York Stock Exchange (“NYSE”). The company expects to begin trading on the NYSE on March 5, 2010, using its current symbol “SCHW”. The company will continue to more...
2/22/10 2:13 pm PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation (NASDAQ:SCHW), a leading provider of financial services for individual investors, independent investment advisors, and employers, today announced that it is transferring the listing of its common stock to the New York Stock Exchange (“NYSE”). The company expects to begin trading on the NYSE on March 5, 2010, using its current symbol “SCHW”. The company will continue to more...
2/22/10 8:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--As Americans enter tax season with a renewed focus on the importance of saving, Charles Schwab is providing a smart and easy way to help minimize taxes while building retirement savings with IRA products that are easy to open and fund and provide value for investors, as well as access to professional guidance. In about 15 minutes, investors can open a traditional or Roth IRA account prior to the April 15 deadline at www.schwab. more...
2/12/10 5:45 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of January 2010 include: Net new assets brought to the company by new and existing clients in January 2010 totaled $6.0 billion. Total client assets were $1.401 trillion as of month-end January, up 27% from January 2009 and down 2% from December 2009 more...
2/10/10 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--As independent investment advisors become more focused on succession planning and mergers and acquisitions (M&A), Charles Schwab and Co., Inc., a leading provider of custodial, operational and trading support for approximately 6,000 registered independent advisors (RIAs), is releasing two new and instructive Schwab Market Knowledge Tools® (MKT) reports to help advisors implement succession planning, value their more...
2/9/10 10:03 am PST
CHICAGO--(BUSINESS WIRE)--According to a new Charles Schwab survey, over half of Chicago investors think the recession will continue for at least another year. Only 5 percent believe the recession has already ended. While an increase in unemployment is an indicator that the recession is over from an economic perspective, survey respondents note it is one of two personal indicators that the recession is in fact not over. For one third (33 more...
2/9/10 10:03 am PST
CHICAGO--(BUSINESS WIRE)--According to a new Charles Schwab survey, over half of Chicago investors think the recession will continue for at least another year. Only 5 percent believe the recession has already ended. While an increase in unemployment is an indicator that the recession is over from an economic perspective, survey respondents note it is one of two personal indicators that the recession is in fact not over. For one third (33 more...
2/9/10 9:59 am PST
HOUSTON--(BUSINESS WIRE)--According to a new Charles Schwab survey, over half of Houston investors think the recession will continue for at least another year. Only 6 percent believe the recession has already ended. While an increase in unemployment is an indicator that the recession is over from an economic perspective, survey respondents note it is one of two personal indicators that the recession is in fact not over. For 25 percent of more...
2/9/10 9:59 am PST
SEATTLE--(BUSINESS WIRE)--According to a new Charles Schwab survey, over half of Seattle investors think the recession will continue for at least another year. Only 5 percent believe the recession has already ended. While an increase in unemployment is an indicator that the recession is over from an economic perspective, survey respondents note it is one of two personal indicators that the recession is in fact not over. For 32 percent of more...
2/9/10 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab & Co. Inc., a leading provider of custodial, operational and trading support for approximately 6,000 registered investment advisors (RIAs), reported that it held 153 practice management and technology events attended by more than 3,000 advisors in 2009, double the number it held in 2008. The regional events, held in addition to Schwab’s larger advisor gatherings such as IMPACT®, covered a range of more...
2/4/10 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the nation’s largest and fastest growing donor advised funds, and UC Berkeley’s Haas School of Business Center for Nonprofit and Public Leadership today announced their next Philanthropy Speaker Series event. “The Promise of Philanthropic Prizes to Drive Innovation” will bring together a distinguished panel of leading philanthropists who use prizes to leverage more...
1/27/10 1:50 pm PST
SAN FRANCISCO--(BUSINESS WIRE)--The Board of Directors of The Charles Schwab Corporation has declared a regular quarterly cash dividend of $0.06 per common share. The dividend is payable February 26, 2010 to stockholders of record February 12, 2010. About Charles Schwab The Charles Schwab Corporation (Nasdaq:SCHW) is a leading provider of financial services, with more than 300 offices and 7.7 million client brokerage accounts, 1. more...
1/25/10 9:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Confirming the growing appeal of the independent investment advisor industry, Schwab announced today that it has helped more than 500 advisor teams convert to independence since the company began focusing on this segment in 2005. These teams manage $45.5 billion of the total $590 billion currently custodied at Schwab. In 2009, Schwab had a record year, supporting 172 new advisory teams as they either started or joined an more...
1/20/10 5:42 pm PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation (NASDAQ:SCHW) (the “Company”) today announced that it has priced its underwritten public offering of 26,316,000 shares of its common stock at $19.00 per share. The Company has granted the underwriters a 30-day option to purchase up to 3,947,400 additional shares of its common stock to cover over-allotments, if any. The Company estimates that the net proceeds from this offering, after more...
1/19/10 1:41 pm PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation (NASDAQ:SCHW) (the “Company”) today announced that it has commenced an underwritten public offering of approximately 26.3 million shares of its common stock. The Company intends to grant the underwriters a 30-day option to purchase up to approximately 3.9 million additional shares of its common stock to cover over-allotments, if any. The Company intends to use the net proceeds of more...
1/19/10 1:31 pm PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that its net income was $164 million for the fourth quarter of 2009, down 47% from the fourth quarter of 2008. These results are consistent with the outlook expressed in the company’s press release dated December 14, 2009. For the twelve months ended December 31, 2009, the company’s net income was $787 million, down 35% from the year-earlier period more...
1/19/10 7:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Schwab today announced the immediate availability of six new managed portfolios of exchange-traded funds (ETFs) available through a low cost fee-based portfolio advisory program. The new portfolios are the latest addition to a broad range of professionally managed investment solutions available to Schwab clients seeking advice. Schwab Managed Portfolios-ETFs are made up of diversified ETF holdings representing more...
1/15/10 8:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Performance Technologies (SPT), a leading provider of technology solutions for independent investment advisors (RIAs), today announced changes to its pricing that will provide greater access to its services and ensure that pricing is not an obstacle to firms seeking to outsource data management and performance reporting. SPT is lowering the annual minimum fee for PortfolioServices, the company’s hosted performance more...
1/14/10 7:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Investment Management, Inc. (CSIM) has launched its seventh and eighth exchange-traded funds with low operating expense ratios and commission-free online trading in Schwab accounts. The latest two are the Schwab Emerging Markets Equity ETF (SCHE) and the Schwab International Small-Cap Equity ETF (SCHC) and they begin trading on Jan. 14th, 2010. The first four Schwab ETFs — U.S. Broad Market more...
1/7/10 5:45 am PST
SAN FRANCISCO--(BUSINESS WIRE)--In its ongoing effort to make investing more accessible and affordable, The Charles Schwab Corporation today announced reductions in online equity trade commissions designed to provide greater value for investors of all sizes, regardless of the frequency or size of their trades. Beginning January 19, Schwab retail investors will pay just $8.95 per online trade in stocks or non-Schwab exchange traded funds. (Schwab ETFs more...
12/16/09 5:45 am PST
SAN FRANCISCO--(BUSINESS WIRE)--For Americans who’ve waited for higher stock prices before making donations of securities to their favorite charities, there are a number of ways to make charitable contributions and still beat year-end tax deadlines, according to Schwab Charitable. Recent data indicates that charitable giving remains a high priority in most American households and has weathered the recession far better than other more...
12/15/09 5:01 am PST
SAN FRANCISCO--(BUSINESS WIRE)--To assist in helping everyone be financially fit, Charles Schwab is offering a series of tips to help investors be better positioned to begin the New Year. “While it’s tempting to be more focused on holiday spending this time of year, we’re encouraging our clients to spend more time and energy on taking a serious look at their finances,” said Paul Lebouef, Charles Schwab financial more...
12/14/09 5:45 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of November 2009 include: Net new assets brought to the company by new and existing clients in November 2009 totaled $6.0 billion. Total client assets were $1.397 trillion as of month-end November, up 26% from November 2008 and up 4% from October 2009 more...
12/11/09 5:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Investment Management, Inc. (CSIM) has launched another two exchange-traded funds with low operating expense ratios and commission-free online trading in Schwab accounts. The Schwab U.S. Large-Cap Growth ETF (SCHG) and the Schwab U.S. Large-Cap Value ETF (SCHV) began trading on Dec. 11. The first four Schwab ETFs — U.S. Broad Market (SCHB), U.S. Large-Cap (SCHX), U.S. Small-Cap (SCHA) and more...
12/8/09 5:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today released new data showing that active traders are feeling increasingly more optimistic about the stock market and the U.S. economic recovery. In October 2009, the latest Charles Schwab Active Trader Sentiment survey polled nearly 300 individual investors who trade frequently. Key findings include: Half of respondents (50 percent) report a bullish outlook for the market in the next more...
12/7/09 9:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--As more U.S. companies look to adopt the International Financial Reporting Standards (IFRS), Charles Schwab has added industry-leading fully-integrated IFRS 2 reporting functionality into its Schwab EquiView® record-keeping system for corporate stock plan clients. IFRS 2 is the portion of the International Financial Reporting Standards that specifically addresses the expensing of equity compensation granted by more...
12/1/09 5:01 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Americans are becoming more realistic about retirement, with nearly half of those currently eligible for Social Security now planning to work in their “golden years.” But there is one thing all generations refuse to change: 95 percent say they would not be willing to spend less in retirement. Those are the findings of the fourth Real Life Retirement quarterly pulse survey conducted Oct. 28-Nov. 2, 2009 by Charles more...
11/20/09 5:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--In a new Charles Schwab survey of advisors at major financial firms, six out of ten respondents (59%) say the idea of being an independent investment advisor appeals to them. Nearly half of all respondents go a step further to say that they would actually consider a move to independence. The surveyed advisors from wirehouses, banks and independent broker dealers are also confident about the strength of their client more...
11/18/09 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Starting January 1, 2010, income restrictions for converting to a Roth IRA will be lifted, allowing individuals who make more than $100,000 adjusted gross income to convert assets from certain retirement savings accounts, such as a traditional IRA or 401(k) with a previous employer, to a Roth IRA (restrictions may apply to residents in certain state(s)*). A recent survey from Charles Schwab found that 34 percent of more...
11/17/09 9:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the nation’s largest and fastest growing donor-advised funds, observes its 10th anniversary this month just as the Chronicle of Philanthropy lists the organization as the 10th largest charity in the U.S.1 Since inception, Schwab Charitable has raised over $3.8 billion in philanthropic contributions and issued more than 367,000 grants totaling $1.6 billion to over 33,000 charities more...
11/17/09 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab & Co., Inc. has announced a significant renovation and expansion of its award-winning educational website, www.SchwabMoneyWise.com. Originally launched in April 2007 as a “money mentoring” destination for parents of teenagers, the website now offers more information, tools and resources to benefit all types of consumers, from those who want to learn the fundamentals of personal finance more...
11/13/09 5:45 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of October 2009 include: Net new assets brought to the company by new and existing clients in October 2009 totaled $8.6 billion. Total client assets were $1.350 trillion as of month-end October, up 16% from October 2008 and down 1% from September 2009 more...
11/10/09 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today released a new corporate stock plan study revealing that most companies view stock plans as an important tool to motivate and reward workers at all levels. Despite market uncertainty, a majority of companies surveyed say they are offering the same or even more stock plan benefits to their employees since Fall 2008. Earlier this fall, Schwab commissioned a survey of 200 corporate stock more...
11/2/09 12:00 pm PST
Charles Schwab Offers First Exchange Traded Funds (ETFs) That Trade Commission-Free Online at Schwab
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, a marketplace leader of exchange traded funds, today announced the launch of its first proprietary exchange-traded funds: eight new Schwab-managed ETFs with low operating expense ratios and commission-free online trading for clients in their Schwab accounts. “Schwab has been an innovator on behalf of investors and savers for decades and has endeavored to help them become financially more...
Search Newsroom
