Press Releases

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...
5/26/11 5:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today launches mobile deposit capabilities for iPhone users, enabling brokerage and Schwab Bank clients to deposit checks remotely by taking a picture of a check with their iPhone camera. Schwab is one of the only financial services firms to provide its clients the convenience of mobile deposit capabilities and integrated banking and brokerage mobile services, including money transfer. Schwab is more...
5/24/11 4:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--According to the 2011 Teens & Money Survey released today by Charles Schwab & Co., Inc., nine out of 10 teens say they were “affected by the recession,” causing major shifts in perspective that include a greater appreciation for what they have and an increased awareness of financial hardship. The survey polled over 1,000 teens between the ages of 16-18 during February-March 2011. Several questions were more...
5/20/11 1:08 pm PDT
DENVER--(BUSINESS WIRE)--Project Night Night has won the “Schwab Gives” charity contest and received a $10,000 check this morning at Schwab’s Cherry Creek branch office at 201 Columbine Street. The check was presented by Cole Schofield, vice president of Schwab Investor Services, to Nancy Murray McFadden, a local Project Night Night volunteer. “We felt this was a great way to help promote the work of the nine organizations we teamed more...
5/16/11 10:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today announced five influential presenters in the keynote speaker line-up for its IMPACT 2011 conference, one of the nation’s largest and longest-running annual gatherings of independent advisors. IMPACT, now in its 20th year, will be held in Schwab’s hometown of San Francisco on November 1-4 at The Moscone Center. The conference will bring together the industry knowledge of Schwab and its advisor clients more...
5/16/11 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation’s annual Schwab Volunteer Week begins today in 20 cities across the U.S. This year’s event, which runs through Friday, May 20, marks the eighth consecutive year that Schwab has galvanized its employees to volunteer during a designated period of company-sponsored time off. Throughout the week, over 2,200 employees and executives will donate approximately 8,800 hours on more than 140 more...
5/13/11 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 April 2011 include: Net new assets brought to the company by new and existing clients in April 2011 totaled negative $0.5 billion, reflecting client cash disbursements during tax season. Total client assets were $1.68 trillion as of month-end April, up 11% from April more...
5/3/11 7:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today released new data showing that active traders are feeling bullish and plan to invest their tax refunds in the stock market. The latest Charles Schwab Active Trader Sentiment Survey polled more than 650 individual investors who trade frequently (at least 36 times per year) and found that 72 percent of those traders who are expecting a tax refund this year plan on investing at least some of it. In fact more...
5/2/11 6:00 am PDT
DENVER--(BUSINESS WIRE)--Charles Schwab announced today the start of “Schwab Gives” in Denver, an initiative to engage the community in supporting the work of select local charities in Denver. Every year during Schwab Volunteer Week, thousands of Schwab employees across the U.S. receive paid time off to roll up their sleeves and pitch in at local nonprofits. Traditionally, Charles Schwab Foundation matches employees’ donation of time and energy with a more...
4/28/11 6:00 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 released its industry-wide RIA mergers and acquisitions transaction quarterly information, reflecting a total of 23 M&A transactions involving RIAs in the first quarter of 2011 (Q1), slightly down from the 25 deals reported in Q1 of 2010 more...
4/27/11 7:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Boys & Girls Clubs of America and Charles Schwab Foundation have announced they are extending the Make Change Count pledge campaign, designed to help teens get on the path to a brighter financial future and encourage their friends and family to do that same. Over 8,200 teens have already taken the pledge, which launched in October 2010. The pledge extends the message of the successful Money Matters: Make it CountSM more...
4/26/11 1:24 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 May 20, 2011 to stockholders of record May 6, 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...
4/26/11 8:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--With the effects of the tax filing deadline still fresh, Schwab Charitable suggests that now is an excellent time for investors and their financial advisors to begin planning ahead to reduce their taxes for 2011 while also providing maximum benefits to their favorite charities. From donating cash or appreciated assets to making a distribution from your IRA to a qualified charity, there are plenty of ways to make more...
4/25/11 9:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab is honored to announce it will be the lead corporate sponsor of the San Francisco Museum of Modern Art (SFMOMA) presentation of The Steins Collect: Matisse, Picasso and the Parisian Avant-Garde. Schwab will partner with SFMOMA to showcase more than 200 landmark works of modern art from the collections of author Gertrude Stein and her family from May 21 - Sept. 6. The exhibition will span the family’s entire more...
4/20/11 10:12 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab is seeing impressive enrollment numbers for Schwab Advisor University, the firm’s interactive online training program aimed at helping registered investment advisory firms (RIAs) improve operational productivity and performance. Participants from more than 2,500 RIA firms have enrolled in nearly 6,500 courses since the University launched in June 2010. The online classes are designed to train RIA more...
4/20/11 10:12 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab is seeing impressive enrollment numbers for Schwab Advisor University, the firm’s interactive online training program aimed at helping registered investment advisory firms (RIAs) improve operational productivity and performance. Participants from more than 2,500 RIA firms have enrolled in nearly 6,500 courses since the University launched in June 2010. The online classes are designed to train RIA more...
4/15/11 5:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that its net income was $243 million for the first quarter of 2011, up from $6 million for the first quarter of 2010. The company’s first quarter 2011 net income was 84% higher than the $132 million earned in the year-earlier period excluding certain charges relating to the Schwab YieldPlus Fund® and the company’s affinity credit card program. Chairman Charles more...

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