Charles Schwab Launches New Integrated Brokerage and Banking iPhone® App

Company also launches award-winning On Investing magazine on the iPad

Thursday, December 16, 2010 8:00 am PST

Dateline:

SAN FRANCISCO

Public Company Information:

NYSE:
SCHW
"Our clients want fast and convenient access to their Schwab accounts and financial information so they can make informed, real-time decisions anywhere at anytime"

SAN FRANCISCO--(BUSINESS WIRE)--Starting today, Charles Schwab clients can enjoy more convenient access to their Schwab accounts, make trades and track the markets through Schwab’s new iPhone app, now available for download.

The new application offers clients a view into their broader financial picture with Schwab from their iPhone, including Schwab Bank and brokerage accounts, Schwab 529 College Savings Plans and their Schwab-administered 401(k) and stock option plans. Clients also have access to other commonly used mobile features, including online trading; transaction histories for bank and brokerage accounts; market information with real-time access to quotes, charts and watch lists; and detailed position data and trade order status for brokerage accounts.

“Our clients want fast and convenient access to their Schwab accounts and financial information so they can make informed, real-time decisions anywhere at anytime,” said Jonathan Craig, senior vice president of Schwab Investor Services.

On Investing for iPad now available

Responding to an increasing consumer appetite for practical investment resources and guidance, Schwab is launching the On Investing magazine app for iPad, which brings the magazine to all users free of charge. On Investing is one of the largest circulation personal finance magazines but has been available only to Schwab clients until now. The magazine includes personal finance tips, commentary and case studies from Schwab and third party experts to help investors navigate the markets, develop investing strategies, understand current trends and developments, and plan for the future. Readers can search and access current and past issues, share articles and find direct links back to Schwab.com for more information on saving, investing and the markets. The new On Investing app for the iPad can also be downloaded now.

“Investors want access to tools and resources on their terms and don’t want to be tied to the limitations of their desk. Schwab’s new iPhone app and On Investing app for the iPad provide clients with access to their accounts and valuable information on the go,” Craig added.

Schwab is planning additional mobile enhancements in 2011; examples include the ability to transfer funds, pay bills and deposit checks, as well as an app for the Android. Currently, Schwab clients who don’t have an iPhone but want to access their Schwab brokerage accounts from other mobile devices can type www.schwab.com on their phone’s web browser to get Schwab’s fully featured investing experience optimized for mobile phones.

Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. iTunes, iPad and iPhone are trademarks of Apple Inc.

If you click on the link to the Apple iTunes site, you will be leaving Schwab.com and accessing a third party site. Please note that Schwab does not endorse these sites or the products and services you might find there.

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, 681,000 banking accounts, and $1.5 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 its Advisor Services division. 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. (1210-7884)

Brokerage Products: Not FDIC Insured • No Bank Guarantee • May Lose Value

Charles Schwab Bank and Charles Schwab & Co., Inc. are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. Charles Schwab & Co., Inc., a registered broker-dealer and SIPC member, does not solicit, offer, endorse, negotiate or originate any mortgage loan products and is neither a licensed mortgage broker nor a licensed mortgage lender. All mortgage loans are offered and provided by Charles Schwab Bank, member FDIC and an Equal Housing Lender. Charles Schwab Bank is not acting or registered as a securities broker-dealer or investment advisor.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6547813&lang=en

Contact:

Charles Schwab
Lindsay Tiles, 415-667-0479
Lindsay.Tiles@schwab.com

Multimedia Files:

Preview image
On Investing magazine, a publication previously available for Schwab clients only but is now free of charge to the public, is shown on the iPad. (Photo: Business Wire)
Preview image
The new Schwab app, which offers clients a snapshot view of their account information, is shown on the iPhone. (Photo: Business Wire)

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