Windhaven Investment Management Announces Appointment of Liz Ann Sonders as Chair of Its Investment Committee

Friday, June 27, 2014 10:02 am PDT

Dateline:

SAN FRANCISCO

Public Company Information:

NYSE:
SCHW

SAN FRANCISCO--(BUSINESS WIRE)--Windhaven Investment Management, Inc., a leading investment advisory firm and a subsidiary of the Charles Schwab Corporation, today announced that it has appointed Liz Ann Sonders as a member of its investment management team and Chair of its Investment Committee, effective today. Ms. Sonders has been an active member of the Windhaven Advisory board since shortly after Schwab’s acquisition of Windhaven three years ago and also serves as Chief Investment Strategist for Charles Schwab. Founder Stephen Cucchiaro will be leaving for personal reasons.

Announcing the appointment, Bryan Olson, President of Windhaven Investment Management said, “Liz Ann brings a wealth of experience and knowledge on investment strategy and the markets and a deep understanding of Windhaven’s unique investment approach. In her role as Chief Investment Strategist at Schwab, she has been highly sought after for her macroeconomic and securities markets expertise, appearing regularly on national media and serving in 2005 on the President’s Advisory Panel on Federal Tax Reform. We’re so pleased to have her in this role.”

Prior to joining Schwab in 2002, Ms. Sonders was a Managing Director at U.S. Trust and a member of its Investment Policy Committee. Before U.S. Trust she was at Avatar Associates, as a Managing Director and Senior Portfolio Manager. Ms. Sonders received her B.A. degree in economics and political science from the University of Delaware, and has served on its Investment Visiting Committee since 2000. Ms. Sonders received her M.B.A. degree in finance from Fordham University.

Recognizing Mr. Cucchiaro’s contributions, Mr. Olson continued, “After more than three years working with the team to assure a successful transition following Schwab’s acquisition of Windhaven, Steve Cucchiaro will be leaving the company. Steve and the Windhaven Management team have worked tirelessly to make the acquisition and transition a success, helping to institutionalize the quantitative model and putting in place a strong team and the processes to take the company forward. Since Schwab’s acquisition in 2010, Windhaven’s assets under management have grown from $4.2 billion to over $19 billion today. We appreciate all Steve has done for the firm and the solid foundation he contributed to building.”

About Windhaven

Windhaven Investment Management, Inc. is a leading investment advisory firm and an affiliate of Charles Schwab & Co., Inc.

Please refer to Windhaven's ADV Part 2 for more information.

Contact:

MEDIA:
Charles Schwab
Greg Gable, 415-667-0473
or
INVESTORS/ANALYSTS:
Charles Schwab
Chelsea de St. Paer, 415-667-1064

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