Press Releases

7/11/12 6:00 am PDT
Schwab Retirement Business Services (RBS), a leading service provider for retirement plan advisors and independent recordkeepers, has launched a suite of support tools and programs to help advisors meet increased demand for their services in 401(k) and other workplace retirement plans. The suite combines sophisticated investment management tools and advanced fiduciary and plan design training to help advisors increase more...
7/9/12 6:00 am PDT
optionsXpress, Inc., a pioneer in bringing professional technology for options and futures trading to individual investors, today announced the launch of Idea Hub, a new idea generation tool for options traders. Idea Hub filters real-time data from various analytical tools – including options screeners, strategy scanners and earnings calendars – and packages the results into actionable options trading ideas. The tool can help investors find more...
6/28/12 10:00 am PDT
After a successful pilot, Charles Schwab announced today that it will roll out the first version of the new Schwab Advisor Center app for the iPhone. Starting today, independent investment advisors who custody assets with Schwab Advisor Services can download the app to view their clients’ account balances, positions and transactions, allowing them to easily tap into the real-time data they need from Schwab Advisor Center while on the go more...
6/28/12 9:00 am PDT
Charles Schwab has announced the keynote speaker line-up for its IMPACT® 2012 conference, one of the nation’s largest and longest-running annual gatherings of independent investment advisors. IMPACT, now in its 21st year, will be held at McCormick Place in Chicago on November 13-16. The conference will bring together the industry knowledge of Schwab and its advisor clients, numerous exhibitors, and influential speakers in an effort to learn more...
6/28/12 9:00 am PDT
High net worth (HNW) women place great importance on investment performance and influence or drive many household financial decisions, according to the new Women and Financial Independence Study released today by Schwab Advisor Services. Conducted to provide independent investment advisors with information on how best to serve the growing population of HNW women, the survey finds that 65 percent of respondents consider themselves financially more...
6/21/12 6:00 am PDT
In order to help advisors gain greater efficiency in their business practices, Charles Schwab announced today that a full library of 28 universal workflows are now available in the Schwab OpenView Workflow Library™ (Workflow Library) through Schwab Intelligent Technologies. The new workflows cover critical aspects of managing a successful investment advisory practice, including lead generation, client onboarding, service requests and business more...
6/20/12 5:30 am PDT
Schwab Retirement Plan Services has been named the top 401(k) provider in the categories of loyalty and overall satisfaction in a survey by Boston Research Group, affirming its standing as a leading provider of 401(k) plan services. Loyalty Rankings Schwab, which serves plans with 1.5 million corporate retirement plan participants, received its number one ranking in loyalty by both employers sponsoring 401(k) plans and more...
6/18/12 6:00 am PDT
Schwab Performance Technologies® (SPT), a subsidiary of The Charles Schwab Corporation and a leading provider of technology solutions for independent investment advisors, announced today that the company is building a hosted version of its flagship portfolio management software for independent investment advisors. PortfolioCenter® Hosted is being developed in response to advisors’ growing interest in cloud-based technology and to address the more...
6/14/12 10:00 am PDT
Charles Schwab has received the highest ranking in overall customer satisfaction in the 2012 US Self-Directed Investor Satisfaction StudySM from J.D Power and Associates. With an index score of 801 on a 1,000-point scale, Schwab scored 33 points above the overall satisfaction industry average. Schwab received the highest score in customer satisfaction in the areas of account information, account offerings and information resources more...
6/14/12 5:45 am PDT
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of May 2012 include: Net new assets brought to the company by new and existing clients in May 2012 totaled $9.2 billion. Total client assets were $1.76 trillion as of month-end May, up 5% from May 2011 and down 4% compared to April 2012. Client daily average trades were 432.3  more...
6/13/12 4:30 am PDT
Charles Schwab: WHAT: They say confession is good for the soul and at this special event, it may also be good for your wallet. This week, Charles Schwab will give New Yorkers a chance to share their stories of questionable spending decisions and provide an opportunity to win $10,000 in a Schwab brokerage account. Schwab’s mobile video booth, a glass truck outfitted to record contest submissions from passersby, will be more...
5/29/12 10:00 am PDT
Charles Schwab launched a new video series today that addresses a common situation many people have faced: impulse spending. The series, titled “Oh Chuck! I Blew My Cash,” features Schwab Founder Chuck Schwab listening and offering advice to six people who made ill-advised but humorous spending decisions. The videos can be found on Schwab’s Facebook page and on YouTube. “We’ve all made impulse purchases, yet in the back of our minds we’ more...
5/24/12 8:30 am PDT
As part of its continued commitment to registered investment advisors (RIAs), Schwab Advisor Services has announced the addition of the “Trailblazer IMPACT Award™” to its 2012 IMPACT Awards® program. The new award will recognize a firm that forges new ground in the RIA space by combining entrepreneurial spirit with a drive to advance the industry’s interests. This could take the form of community-based financial education, involvement with more...
5/23/12 6:00 am PDT
The Charles Schwab Corporation (NYSE: SCHW):       WHAT:     The Charles Schwab Corporation’s annual Schwab Volunteer Week, the ninth consecutive year more...
5/21/12 6:00 am PDT
The Charles Schwab Corporation’s annual Schwab Volunteer Week begins today in 45 cities across the U.S. This year’s event, which runs through Friday, May 25, marks the ninth consecutive year that Schwab has galvanized its employees to volunteer during a week-long period of company-sponsored time off. Throughout the week, over 2,600 employees and executives from coast to coast will spend approximately 11,000 hours on more than 160 different more...
5/17/12 1:38 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 $36.17 per share, which covers the period running from January 26 through July 31, 2012. The dividend is payable August 1, 2012, to stockholders of record at the close of business on July 17, 2012. About Charles Schwab more...
5/17/12 9:00 am PDT
As part of the ongoing initiative to integrate with leading platforms serving independent investment advisors, Schwab announced today that Tamarac, a division of Envestnet, Inc., has been selected for participation in Schwab Intelligent Integration™. This integration will allow for real-time custody data from Schwab Advisor Services to be available within the Tamarac Xi web-based platforms Advisor CRM® and Advisor View®.“This marks another important milestone in our effort to work with more...
5/17/12 6:00 am PDT
Protecting against risk is the most important concern for Americans of every age when it comes to managing their retirement assets, according to Charles Schwab’s latest quarterly Retirement Pulse Survey released today. Schwab’s survey found that 35 percent of Americans consider protecting retirement assets more important than growing those assets, while only eight percent consider growing retirement assets more important than protecting them more...
5/14/12 5:45 am PDT
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of April 2012 include: Net new assets brought to the company by new and existing clients in April 2012 totaled $1.0 billion, reflecting client cash disbursements during tax season. Total client assets were $1.83 trillion as of month-end April, up 9% from April 2011 and flat compared to March more...
5/10/12 6:30 am PDT
Mom is always a great go-to source when you’re in need of some advice and with Mother’s Day just around the corner, Schwab’s most recent quarterly retirement survey found that the most popular pearl of financial wisdom doled out by mothers is “Money doesn’t grow on trees,” as 42 percent of respondents recall hearing that phrase from Mom as a child. “Teaching children about finance early in life will pay off for everyone in the more...
5/7/12 10:00 am PDT
Employers and their employees hold different perspectives on how to best achieve retirement preparedness through 401(k) plans, according to the results of two newly released studies from Schwab Retirement Plan Services. Taken together, the studies indicate that, despite efforts by employers to educate workers on the 401(k) offering, most workers are unengaged and financially unprepared for retirement. CFO Research Services, on behalf of more...
5/4/12 8:00 am PDT
Continuing its rollout of convenient on-the-go banking solutions for investors, Schwab today announced the release of Schwab Bank Bill Pay™ for iPad, iPhone and Android. The new Bill Pay feature allows Schwab Bank clients to make, edit, monitor and cancel payments from their mobile and iPad devices. The remote bill pay option also enables Schwab Bank clients to add and edit new payees and billers through the Schwab mobile apps more...
5/3/12 7:00 am PDT
For the third year, Charles Schwab & Co. Inc., has been recognized as a "Best for Vets" employer by Military Times EDGE Magazine. "Schwab values the experience, focus and dedication that military veterans bring to their work. Like the military, Schwab focuses on teamwork and working in ways that bring our values to life as we support those we serve and help them to pursue their goals," said Jay Allen, Charles Schwab & Co., Inc.’ more...
5/2/12 6:00 am PDT
Charles Schwab & Co., Inc. today announced an initiative to make its website more accessible and inclusive for all customers. Schwab’s initiative will particularly improve the client experience for Schwab customers with disabilities. Schwab has adopted the Web Content Accessibility Guidelines (WCAG) version 2.0 level AA as its website accessibility standard and has begun working to meet this standard. Kit Lau, who is blind, has been more...
4/26/12 5:00 am PDT
High net worth investors are not as bullish about the markets and the economy as independent advisors, but nonetheless have confidence in their advisors’ ability to meet their investment goals in the current environment, according to two new companion surveys released today by Charles Schwab Advisor Services. The first, the 11th semi-annual Independent Advisor Outlook Study, surveyed almost 900 RIAs representing $204 billion in assets under more...
4/25/12 12:04 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 25, 2012 to stockholders of record May 11, 2012. About Charles Schwab The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with more than 300 offices and 8.6 million client brokerage accounts, 1.52 million corporate retirement plan more...
4/24/12 6:00 am PDT
According to the Older Workers & Money Survey released today by Charles Schwab & Co., Inc., more than three-quarters (76 percent) of middle-income Americans who are between the ages of 50 and 69 say they are sticking with their jobs because they “want to” vs. being “stuck” in them because they can’t leave. Moreover, one in four workers in this age group (27 percent) say this is the happiest time of their working career, and another one more...
4/18/12 8:30 am PDT
The Charles Schwab Corporation (NYSE:SCHW): WHEN       April 18, 2012   WHAT Schwab more...
4/17/12 6:00 am PDT
Eighteen-year-old Kujegi Camara of New York City has been named the fifth 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...
4/16/12 5:45 am PDT
The Charles Schwab Corporation announced today that its net income was $195 million for the first quarter of 2012, up 20% from $163 million for the fourth quarter of 2011, and down 20% from $243 million for the year-earlier quarter.       Three Months Ended more...
4/12/12 1:00 pm PDT
The Charles Schwab Corporation announced today that it has scheduled an Interim Business Update for institutional investors on Thursday, April 26, 2012. 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...
3/28/12 8:16 am PDT
Syretha Shirley of the Boys & Girls Clubs of Las Vegas has won top honors in the Money Matters Music Mogul (M4) Contest, sponsored by Boys & Girls Clubs of America (BGCA) and Charles Schwab Foundation, for her song “Time is Money.” The contest was designed to tap the talent and creativity of teens across the U.S. to raise awareness of the importance of being smart about money, and to spread the word about the financial more...
3/26/12 8:00 am PDT
Charles Schwab Corporation (NYSE:SCHW): WHAT: As part of Schwab Advisor Services’ ongoing commitment to helping financial advisors considering a move to the RIA model, Tim Oden, Senior Managing Director of Business Development, will be taking questions about the move to independence via Schwab Advisor Services’ Twitter handle @Schwab4RIAs. From Monday, Mar. 26 at 9 a.m. PDT to Monday, Apr. 9 at 5 p.m. PDT more...
3/22/12 6:00 am PDT
Charles Schwab today released new data showing that active traders are turning more bullish and plan to invest most of their tax refunds in the stock market. The latest Charles Schwab Active Trader Sentiment Survey polled 421 individual investors who trade frequently (at least 36 times per year) and found 51 percent of respondents now consider themselves bullish, the highest level seen since Schwab began tracking active trader sentiment in April more...
3/14/12 5:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of February 2012 include: Net new assets brought to the company by new and existing clients in February 2012 totaled $21.3 billion, including a $12.0 billion inflow related to a mutual fund clearing services client. Total client assets were a record $1.81 trillion as of month- more...
3/9/12 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Investment Management, Inc. (CSIM), the asset management arm of The Charles Schwab Corporation (“Schwab”), announced today that two of its funds received industry accolades for best-in-class performance. The Schwab California Tax-Free Bond Fund™ (SWCAX) was named “Best California Intermediate Municipal Debt Fund over Ten Years” out of 21 qualified funds in the category, for the fourth consecutive year. more...
3/6/12 1:30 pm PST
SAN FRANCISCO--(BUSINESS WIRE)--Following a recent No-Action letter obtained from the Securities and Exchange Commission (SEC), Charles Schwab today announced its support for The Depository Trust & Clearing Corporation’s (DTCC’s) Alternative Investment Products service (AIP) as a means to facilitate the custody of alternative investments. AIP is a service offering of National Securities Clearing Corporation (NSCC), a subsidiary of DTCC. The letter more...
3/6/12 7:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced that it has received the number-one ranking in the Securities industry category in FORTUNE Magazine’s 2012 list of the World's Most Admired Companies, achieving top scores for innovation, quality of products and services, and financial soundness in the category. “We are honored to have been chosen as the top-rated firm in our industry again this year,” commented Schwab more...
3/6/12 5:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The current economic climate has affected the way in which nearly half (49%) of Americans are approaching contributions to their Individual Retirement Accounts (IRA), according to Charles Schwab’s latest quarterly retirement pulse survey released today. Eighteen percent of Americans with an IRA are contributing less in order to cover everyday expenses, six percent say they cannot afford to contribute to both their 401(k more...
2/28/12 8:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--As the investment advisory landscape continues to shift, a new Charles Schwab survey of advisors at major financial firms finds that more than three-fourths (76%) of those surveyed expect a continued increase in the number of advisors becoming independent registered investment advisors (RIAs), and more than half (51%) say that they find the idea of being an RIA appealing. Younger advisors show even more proclivity for more...
2/21/12 9:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab was among three firms that earned the highest customer satisfaction score in an independent survey conducted by the American Customer Satisfaction Index (ACSI), leading the online brokerage category for the third year in a row. In the fourth quarter of 2011, the ACSI surveyed online brokerage customers about the quality of products and services available to household consumers in the United States more...
2/16/12 7:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Schwab announces that the Schwab OpenView Gateway™ platform offered by Schwab Intelligent Technologies™ now integrates with Junxure 9, Junxure’s latest version of client relationship management (CRM) software for independent investment advisors. Junxure provides technology, consulting and training to independent investment advisors, and its CRM solution is one of the most widely used by firms that custody assets with more...
2/16/12 7:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--After completing successful pilots with 40 independent investment advisory firms, Schwab has launched two key platforms as part of the Schwab Intelligent Integration initiative: Schwab OpenView Integrated Office™ and Schwab OpenView Gateway™ for Salesforce. Both will be showcased at the industry conference “T3” Technology Tools for Today™ starting today in Dallas, TX. Provided by Schwab Performance more...
2/14/12 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 2012 include: Net new assets brought to the company by new and existing clients in January 2012 totaled $7.1 billion. Total client assets were a record $1.74 trillion as of month-end January, up 9% from January 2011 and up 4% from December 2011. more...
2/1/12 8:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--According to a just-released survey of Charles Schwab individual investor clients, just 26 percent feel better off financially than they did one year ago, down from 44 percent who said they felt better off in Q4 2010. Additionally, just one-third (33 percent) of these investors now say they feel confident in their ability to make investment decisions. Amid this downbeat sentiment, newly enrolled accounts in the more...
1/26/12 1:53 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 24, 2012 to stockholders of record February 10, 2012. About Charles Schwab The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with more than 300 offices and 8.6 million active brokerage accounts, 1.49 more...
1/26/12 5:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, a leading provider of financial services, is taking proactive steps to provide investors with the insights and resources they need to prepare for cost-basis reporting changes this tax season. These changes will affect anyone who trades securities, impacting how they file taxes and, potentially, how much they’ll owe. To help navigate these changes, Schwab is providing investors with online resources and more...
1/25/12 8:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Advisor Services, a leading provider of custodial, operational and trading support for nearly 7,000 independent registered investment advisory firms (RIAs), today released its industry-wide RIA mergers and acquisitions transaction report. According to the report, there were 57 M&A deals involving RIAs for the full year 2011, representing approximately $44 billion in total assets under management (AUM)*. The more...
1/20/12 9:54 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that it has scheduled a Business Update for institutional investors on Thursday, February 2, 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 more...
1/18/12 5:45 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that its net income was $163 million for the fourth quarter of 2011, up 37% from $119 million for the year-earlier period. The company’s fourth quarter 2010 net income was $218 million prior to the inclusion of charges relating to the Schwab YieldPlus® Fund. For the twelve months ended December 31, 2011, the company’s net income was $864 million, up 90% year-over-year. The more...

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