Number One in Securities Industry and Fifth in Innovation across all Industries
Public Company Information:
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced that it received top ranking in its Securities industry category in Fortune Magazine’s 2011 list of the World's Most Admired Companies. Schwab was also recognized across industries, landing at #5 for Innovation.
Schwab President and CEO Walt Bettinger commented, “We’re proud of the recognition our peers and other business leaders provided in this year’s listing. We know how important the elements of the list are, and ranking number one for our industry on five of the nine categories, including innovation, use of corporate assets, social responsibility, financial soundness and quality of products was rewarding. Our success as a business depends on our clients’ trust and confidence, and these factors are crucial in today’s environment to building and maintaining that trust.”
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 300 offices and 8.0 million client brokerage accounts, 1.5 million corporate retirement plan participants, 701,000 banking accounts, and $1.6 trillion in client assets. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and mortgage services and products. More information is available at www.schwab.com and www.aboutschwab.com.
Greg Gable, 415-667-0473