Press Releases

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...
1/10/12 11:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Retirement Plan Services, Inc., a major 401(k) provider to approximately 1.5 million workers saving through company retirement plans, today launched Schwab Index Advantage, a one-of-a-kind 401(k) plan offer designed to lower costs, simplify investing and help workers better prepare for retirement. “It’s time to rethink the 401(k) plan and pay closer attention to workers who, now more than ever, are more...
1/10/12 7:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the nation’s largest national donor-advised fund organizations1, has announced two important leadership appointments, effective January 1, 2012. Kim Laughton has been appointed president of Schwab Charitable and Carrie Schwab-Pomerantz has been elected chairman of the Schwab Charitable Board. Laughton, a 16-year veteran of Schwab and Schwab Charitable, takes on the role of more...
1/9/12 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The appetite for exchange-traded funds (ETFs) among independent investment advisors continues unabated into 2012, but a new report released today by Charles Schwab suggests advisors will use them differently this year. U.S. fixed income ETFs captured 54 percent of ETF inflows in 20111, and U.S. equity ETFs saw 33 percent of flows, while funds tracking international equities and commodities - and gold in particular – lost more...
12/19/11 8:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today announced a new suite of enhancements to StreetSmart Edge®, its flagship platform for active traders, which incorporates more flexible order entry capabilities and powerful new market monitoring features. The new tools are seamlessly integrated into the intuitive StreetSmart Edge workflow to help clients identify new trading opportunities and efficiently execute their trading strategies. Highlights more...
12/15/11 8:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Expanding its suite of integrated banking and brokerage mobile services for investors, Charles Schwab today announced that a new Schwab app for the iPad is now available for download. iPad users will now be able to transfer funds between Schwab Bank and brokerage accounts, manage their trades and keep up with market information with automatically updating quotes and the latest financial news through their Schwab app more...
12/14/11 11:09 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the nation’s largest national donor-advised fund organizations1, is reporting an increase in both contributions and grant giving year-over-year. As of the end of November, contributions have increased 76%, and grant activity is up 35% over the same period last year. “We are very pleased to see that despite the uncertainty and volatility of the markets, our clients are not only more...
12/14/11 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 2011 include: Net new assets brought to the company by new and existing clients in November 2011 totaled $6.0 billion. Total client assets were $1.67 trillion as of month-end November, up 10% from November 2010 and flat from October 2011. Client more...
12/7/11 11:30 am PST
CHICAGO--(BUSINESS WIRE)--optionsXpress, Inc., a pioneer in bringing professional technology for options and futures trading to individual investors, has expanded its suite of mobile trading capabilities, including the launch of a new iPad application. optionsXpress’ extensive mobile lineup also includes apps for iPhone, Android, BlackBerry and Windows Mobile 7. In addition, optionsXpress has added new features to its mobile website, which allows more...
11/30/11 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab & Co., Inc. has announced the redesign of its award-winning educational website, www.SchwabMoneyWise.com. Originally launched in April 2007, the personal finance website now offers a more contemporary look, more intuitive navigation and improved integration with social media. "We created SchwabMoneyWise.com for people who want to learn or teach the ABCs of personal finance," said Carrie Schwab more...
11/29/11 11:28 am PST
CHICAGO--(BUSINESS WIRE)--optionsXpress, Inc., a pioneer in bringing professional technology for options and futures trading to individual investors, announced that it has lowered online equity trading commissions to a flat rate of $8.95 per trade1. In addition, customers can now trade Schwab ETFs commission-free in their optionsXpress account2. The new fee structure, which goes into effect today, brings optionsXpress equity trading commissions in-line more...
11/18/11 8:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--At the end of a quarter of pronounced market volatility, feelings of financial well-being declined among Charles Schwab clients, hitting its lowest level in two years. But the provider of full-service, high-value brokerage services also reports that its clients are continuing to engage in the market and remain focused on their long-term investment plans. In its just-released quarterly survey of retail clients more...
11/17/11 5:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today released nine key principles that provide investors with actionable guidelines meant to evoke thoughtful planning around how to fund their own income in retirement. As more than 76 million baby boomers – nearly 25 percent of all Americans -- approach retirement age in the next 20 years1 and make the transition from retirement saving to retirement spending, a new Schwab survey reveals that one-third more...
11/16/11 6:25 am PST
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation (NYSE:SCHW) today announced the completion of its acquisition of Compliance11, Inc., a provider of compliance software. The acquisition enables Schwab to expand the compliance monitoring and reporting tools it offers to corporate clients. “Augmenting Schwab’s capabilities with the advanced technology of Compliance11 not only helps us better serve our current clients, but also more...
11/16/11 5:30 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Opening up the next chapter in its stock research offering, Charles Schwab announced today the launch of Schwab Equity Ratings International, an international stock ranking methodology covering approximately 4,000 large and small cap stocks in 28 foreign equity markets. This stock rating system builds on the success of the domestic Schwab Equity Ratings, which were introduced in 2002 and today cover more...
11/14/11 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 2011 include: Net new assets brought to the company by new and existing clients in October 2011 totaled $5.0 billion. Total client assets were $1.68 trillion as of month-end October, up 11% from October 2010 and up 6% from September 2011. Client more...
11/7/11 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, a provider of full-service, high-value brokerage services, has launched the latest evolution in its award-winning “Talk to Chuck” advertising campaign, inviting consumers into straightforward conversations about their individual financial needs and goals. The new ads, created by Euro RSCG Worldwide six years after the “Talk to Chuck” campaign first debuted, target an expanding group of investors more...
11/3/11 3:34 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--Richard Stone (center) of the wealth management firm Private Ocean in San Rafael, CA, accepts the IMPACT 2011 Leadership Award from Bernie Clark, Executive Vice President and head of Schwab Advisor Services, and Walt Bettinger, President and Chief Executive Officer of The Charles Schwab Corporation. For additional information, see today's earlier press release, "Schwab Announces Winners of 2011 IMPACT Awards(R)" at www. more...
11/3/11 9:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Today, Charles Schwab, a leading provider of custodial, operational and trading support for nearly 7,000 independent investment advisory firms, announced the winners of its sixth annual IMPACT Awards® – an awards program that recognizes advisors and firms that have advanced the industry through their visionary leadership, innovative practices and exceptional growth. The winners were recognized during a ceremony more...
11/2/11 9:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--At IMPACT 2011, Charles Schwab is showcasing new enhancements in technology to help support the businesses of independent investment advisors (RIAs). Among the enhancements available for advisors to view at IMPACT is a new workflow library that is to be a key part of the Schwab Intelligent Integration initiative. Schwab Intelligent Technologies™, a subsidiary of The Charles Schwab Corporation, is also announcing a new more...
11/1/11 7:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab has announced several key enhancements to its Schwab EquiView® recordkeeping system and Equity Award Center® website to improve the client experience for stock plan sponsors and their employees. “We know plan administrators place high value on innovative technology that helps them manage their stock plans more effectively and more efficiently. The enhancements we are announcing provide powerful more...
11/1/11 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Make Change Count Pledge, launched by Charles Schwab Foundation and Boys & Girls Clubs of America (BGCA) in October 2010, has ended after approximately 9,000 teens across the country pledged to make positive financial choices and help friends and family do the same. “Teens across America are exposed to so many stories of financial hardship both in the news and in their own lives, but the Make Change more...
10/31/11 7:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today released new data showing that most active traders surveyed are still somewhat optimistic that the stock market will recoup recent losses before the end of the year. However, a majority of those surveyed believe the U.S. government is not doing enough to encourage investing. The latest Charles Schwab Active Trader Sentiment Survey polled nearly 475 individual investors who trade frequently ( more...
10/28/11 11:15 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation (NYSE:SCHW) today announced that it has entered into an agreement to acquire Compliance11, Inc., a provider of cloud-based, regulatory compliance software. The acquisition is expected to close in the fourth quarter of 2011, subject to customary closing conditions. Financial terms of the transaction are not being disclosed. Based in Chicago and founded in 2005, Compliance11, Inc. is a more...
10/27/11 12:28 pm PDT
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 November 25, 2011 to stockholders of record November 10, 2011. About Charles Schwab The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 300 offices and 8.5 million active brokerage accounts, 1.46 more...
10/26/11 7:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the nation’s largest national donor-advised fund sponsoring organizations1, has introduced a new Charitable Legacy Program, enabling individuals to extend their charitable giving beyond their lifetimes. Used in conjunction with a holistic estate plan, the Charitable Legacy Program gives qualified donors the flexibility to provide charitable organizations with support over time after their more...

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