Press Releases

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...
10/26/11 5:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--According to a study released today by Charles Schwab, many U.S. retail bond investors don’t think their brokerage firm is sharing enough information about how individual bonds are priced and the way that they’re sold. “Investors are tired of being kept in the dark. It’s time for this industry to take a fresh look at how to talk about bond prices and broker fees, and re-evaluate whether there is the right more...
10/24/11 5:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab has expanded and upgraded its footprint in New York City with two new flagship branch locations – a 8,100 square foot Grand Central branch that opened in late September and a 10,300 square foot Rockefeller Center branch that is expected to open in early November. Schwab has also expanded and upgraded its Upper West Side branch and added a new branch in Forest Hills. The Grand Central and more...
10/20/11 6:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, a retail marketplace leader for exchange-traded funds (ETFs), announced today that the Schwab U.S. Dividend Equity ETF™ (SCHD) has begun trading. The new Schwab U.S. Dividend Equity ETF offers investors the potential for current income as well as capital appreciation through exposure to companies with a record of paying consistent dividends and strong relative fundamental strength. Unlike other more...
10/19/11 7:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the nation’s largest national donor-advised fund organizations1, has announced a lowering of its individual grant minimum from $100 to $50. The grant minimum is the smallest amount that donors may recommend from their accounts to charitable organizations of their choice. “Donor-advised funds have a demonstrated track record of being important vehicles for sustaining charitable more...
10/17/11 5:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that its net income was $220 million for the third quarter of 2011, up 77% from $124 million for the year-earlier period. The company’s third quarter 2010 net income was $218 million prior to the inclusion of certain charges relating to its money market mutual funds and affinity credit card program. Net income for the nine months ended September 30, 2011 was $701 million, up 109 more...
10/12/11 1:30 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that it has scheduled an Interim Business Update for institutional investors on Wednesday, October 26, 2011. 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 more...
10/6/11 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--In an effort to recognize Boys & Girls Clubs across the nation that have gone above and beyond in teaching youth the basics of personal finance, Charles Schwab Foundation has announced the 2011 winners of the Innovation Awards. In their third year, the annual awards recognize Clubs that exemplify unique and enterprising techniques for delivering the Money Matters: Make It Count curriculum, a Charles Schwab Foundation more...
10/4/11 5:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Expanding on its efforts to provide people with a more transparent and simplified investing experience, Charles Schwab has launched a new public Schwab.com website. The new site is designed to simplify the brokerage selection process by answering common questions about Schwab such as “How much does this cost and what do I get for what I pay?” and “What is it like being a Schwab client?”. Now investors can conveniently more...
10/4/11 5:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Expanding on its efforts to provide people with a more transparent and simplified investing experience, Charles Schwab has launched a new public Schwab.com website. The new site is designed to simplify the brokerage selection process by answering common questions about Schwab such as “How much does this cost and what do I get for what I pay?” and “What is it like being a Schwab client?”. Now investors can conveniently more...
9/28/11 5:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--In a move to help educate affluent investors about registered investment advisors (RIAs) and assist advisors in communicating about their industry, Schwab Advisor Services announced today the launch of “RIA Stands for You,” a multi-media campaign designed to define the independent RIA category. Schwab Advisor Services, a leading provider of custodial, operational and trading support for nearly 7,000 RIA firms, designed more...
9/26/11 10:42 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Center for Financial Services Innovation (CFSI) today launched the Bay Area Financial Capability Innovators Development Lab in collaboration with Charles Schwab Bank and Charles Schwab Foundation. The initiative offers peer-learning and review opportunities to a small group of leading Bay Area nonprofit innovators to strengthen their capacity, sophistication, and efficiency in delivering solutions that promote the more...
9/22/11 5:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Forty-four percent of individual investors surveyed plan to invest more in ETFs over the next 12 months, and eight in ten who currently own ETFs say they will invest more in ETFs over the next two years, according to a new study from Charles Schwab, a retail marketplace leader for ETFs. The ETF Investor Study by Charles Schwab is an online survey of more than 1,000 individual investors with at least $25,000 in more...
9/20/11 5:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Continuing its rollout of resources to help support advisors considering full independence as an RIA, Schwab Advisor Services, a leading provider of custodial, operational and trading support for nearly 7,000 independent RIA firms, announced a white paper and webcast focusing on the legal and regulatory considerations of going independent. Legal and Regulatory Considerations: Navigating the Transition to Independence as more...
9/19/11 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, the official investment firm of the PGA TOUR®, today announced the launch of a new online episodic documentary series called “The Mentor Project” which pairs PGA TOUR legends with up-and-coming stars and reveals how golf advice and guidance affects the careers of young players. “The Mentor Project”, presented by Charles Schwab, gives golf fans a behind-the-scenes look at a series of casual – but more...
9/15/11 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 August 2011 include: Net new assets brought to the company by new and existing clients in August 2011 totaled $62.4 billion, including a planned $56.1 billion inflow related to a mutual fund clearing services client. Total client assets were $1.65 trillion as of month-end more...
9/14/11 5:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Independent registered investment advisors (RIA) are sharply divided in their investment outlook for the next six months, according to Charles Schwab’s latest survey of over 900 RIAs representing $207 billion in assets under management. When asked to classify their six-month stock market outlook, 37 percent of advisors classified themselves as “bulls”, down from 56 percent in January, while 22 percent saw themselves as “ more...
9/13/11 5:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The majority of Americans think that planning for retirement is easier for those who are not married, according to Charles Schwab’s latest quarterly retirement pulse survey findings released today. More than half (53 percent) of married Americans and more than two-thirds (69 percent) of singles say they believe it is easier to make major financial decisions for retirement when there is no spouse in the picture more...
9/12/11 7:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today announced it has introduced a series of new and enhanced features for StreetSmart Edge®, its flagship trading platform for active traders. The enhancements include tools that increase a trader’s visibility into real-time market movements, helping them identify trading opportunities and further simplifying the overall trading experience. The platform now offers: Enhanced Charting more...
9/8/11 5:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, a 401(k) provider to approximately 1.5 million company retirement plan participants, today released new insights into the growing number of employers providing their employees with value-added 401(k) plan features that help drive positive plan participation and savings behaviors. Key statistics include: 81 percent of employers now make 401(k) advice available to plan participants, more...
9/7/11 5:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation today added to its technology offering a new business, Schwab Intelligent Technologies™, to work with best-in-class technology providers to create Schwab Intelligent Integration™ solutions for independent registered investment advisors (RIAs). Schwab Intelligent Technologies will deliver Schwab OpenView Gateway™, a flexible, open-architecture technology platform that enables data more...
8/31/11 9:01 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation (NYSE:SCHW) today announced the completion of its acquisition of optionsXpress Holdings, Inc. “We’re excited to welcome optionsXpress clients to Schwab, and to be able to introduce the impressive options and futures capabilities of the derivatives trading leader to our clients,” said Walt Bettinger, Schwab President and Chief Executive Officer. “We’re extremely pleased to more...
8/17/11 8:30 am PDT
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 data on RIA mergers and acquisitions activity for the first half of 2011. According to the data, there were 27 M&A transactions involving RIAs, representing approximately $20.8 billion in total assets under management (AUM more...
8/12/11 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 July 2011 include: Net new assets brought to the company by new and existing clients in July 2011 totaled $9.9 billion, including a $4.8 billion inflow related to a mutual fund clearing services client. Total client assets were $1.65 trillion as of month-end July, up 16 more...
7/26/11 1:34 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 August 26, 2011 to stockholders of record August 12, 2011. About Charles Schwab The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with more than 300 offices and 8.1 million client brokerage accounts, 1.44 million more...
7/19/11 7:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable, one of the nation’s largest and fastest growing national donor-advised fund organizations, reported that Fiscal Year 2011 charitable assets, grants, and funds contributed to existing accounts reached the highest levels in its history. A donor-advised fund allows investors to contribute cash or appreciated assets to a charitable account to realize the greatest possible tax benefits while supporting more...
7/18/11 5:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that its net income was $238 million for the second quarter of 2011, up from $205 million for the second quarter of 2010. For the six months ended June 30, 2011, the company’s net income was $481 million, which was 43% higher than the $337 million earned in the year-earlier period excluding certain charges relating to the Schwab YieldPlus Fund® and the company’s affinity more...
7/14/11 6:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, a marketplace leader of ETFs, today announced the launch of Schwab U.S. Aggregate Bond ETF™ (SCHZ), the fourteenth and most recent fund to join Schwab’s line up of proprietary ETFs. The Schwab U.S. Aggregate Bond ETF offers low-cost, single-investment exposure to four major sectors of the investment grade, taxable U.S. bond market: Treasuries, government agencies, corporate and securitized bonds more...
7/13/11 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Independent 401(k) recordkeepers’ services are resonating like never before, as demonstrated by 10 recordkeepers that have eclipsed the $1 billion asset level who custody with Schwab. Recordkeepers provide customized solutions and local support to their plan sponsor clients, making them a popular choice for employers. “One reason independent recordkeepers are experiencing growth is because they are able to react more...
7/13/11 5:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today announced plans to significantly enhance its global investing offer through a strategic relationship with Broadridge Financial Solutions (NYSE:BR), a global industry leader in securities processing and business process outsourcing (BPO) solutions for financial services firms. Key to these enhancements will be the launch of a robust, multi-country and multi-currency offering in Q1 2012, where more...
7/12/11 11:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Advisor Services, a leading provider of custodial, operational and trading support for more than 6,000 independent registered investment advisory firms (RIAs), announced that after a successful pilot, it will roll out Laser App integration to a first set of advisors and make it widely available by the end of the year. Laser App, an industry-leading desktop software package, allows advisors to leverage existing more...
7/12/11 5:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation today announced three new leaders within Charles Schwab Investment Management, Inc. (CSIM), the investment advisor to Schwab and Laudus Funds. Omar Aguilar has joined CSIM as senior vice president and chief investment officer of equities and multi-asset strategies, responsible for the investment oversight of Schwab and Laudus equity funds, as well as proprietary equity exchange- more...
7/8/11 1:30 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that it has scheduled a Business Update for institutional investors on Friday, July 22, 2011. This Update is designed to help the investment community keep abreast of recent developments and management’s strategic focus. The program is scheduled to run from approximately 8:30 a.m. - 12:45 p.m. PT, 11:30 a.m. - 3:45 p.m. ET. Participants will include members of the company’s more...
7/5/11 5:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Bolstered by a double-digit rise in the S&P 500, independent registered investment advisors (RIAs) ended 2010 with revenue and assets reaching all-time highs, according to the 2011 RIA Benchmarking Study from Charles Schwab. Fueled by strong asset recovery in 2009, this year’s study reveals that RIA firm revenue began to recover in 2010, with the median firm posting over 18 percent growth after falling by 11 percent more...
6/28/11 5:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Expanding on its commitment to communicate with investors in an open and transparent manner, Charles Schwab today announced a new program launching this summer called Clients Speak, which will feature online ratings and reviews by its clients. Schwab is the first major U.S. brokerage firm to enable clients to give feedback that can be publicly viewed, accessible to anyone seeking a third party perspective about the more...
6/22/11 5:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Advisor Services, a leading provider of custodial, operational and trading support for more than 6,000 independent registered investment advisory firms (RIAs), today announced a new consultative program, “Managing Client Profitability,” designed to help advisors manage profitable and scalable businesses through effective client segmentation. The new program is part of Schwab’s Business Consulting Services, a more...
6/21/11 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--As the first wave of Baby Boomers enters retirement this year, and the need for retirement income solutions becomes increasingly important, Charles Schwab today announced an expansion of its Single Premium Immediate Annuity (SPIA) offer, a fixed income annuity platform that provides choice and flexibility for people seeking ongoing sources of guaranteed income in retirement. Schwab’s newly expanded SPIA Choice Platform more...
6/17/11 9:17 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab has been ranked second highest in overall satisfaction in the J.D. Power and Associates 2011 US Full Service Investor Satisfaction StudySM, rising significantly from its fourth place ranking in 2010. In improving on this study, Schwab received the highest or second highest scores in five of the seven factors that drive the overall full service investor satisfaction ranking. Schwab leads the more...
6/15/11 6:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Continuing its rollout of resources to help advisors transition to new cost basis regulations, Charles Schwab today announced its latest registered investment advisory (RIAs) firms industry white paper, Cost Basis Reporting: Preparing for 2012. The white paper, part of the Schwab Market Knowledge Tools® (MKT) series, provides a preview of changes on the horizon for 2012 and strategies for advisors to manage and more...
6/15/11 5:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Many people continue to feel the effects of a rocky economy, however the majority of older Americans are confident in their retirement preparedness, according to Charles Schwab’s latest quarterly retirement pulse survey findings released today. The data shows that 54 percent of those age 65 and older feel confident in their retirement readiness and reveals that this group is twice as likely to feel confident as those age more...
6/14/11 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 May 2011 include: Net new assets brought to the company by new and existing clients in May 2011 totaled $9.4 billion. Total client assets were $1.67 trillion as of month-end May, up 18% from May 2010 and down 1% from April 2011. Client daily average more...
6/8/11 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab has announced the launch of mobile deposit capabilities for Android smartphone users, enabling Schwab brokerage and Schwab Bank clients to deposit checks remotely by taking a picture of a check with their Android smartphone camera. Charles Schwab launched its first native Android application last month and is one of the only financial services firms to provide its clients with integrated mobile deposit more...
6/2/11 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--In order to keep the Money Matters: Make It Count program fresh, interesting and relevant, Boys & Girls Clubs of America (BGCA) and Charles Schwab Foundation have revised its curriculum, expanding upon the program’s existing materials and creating new activities to bring the program to life. While the personal finance program still focuses on the five key areas of budgeting, saving and investing, planning for college more...

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