Latest Charles Schwab Client Survey Shows Confidence in Investing Has Stabilized

Wednesday, November 17, 2010 6:00 am PST

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SAN FRANCISCO

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NYSE:
SCHW
"Our clients are increasingly recognizing there are some good opportunities to more actively engage in the market, in particular by investing in equities. But we can see that the ups and down of the economy have shaken people’s confidence in their investment decision-making"

SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab’s quarterly survey of clients measuring investor confidence reveals that confidence in the market has stabilized, with the majority of investors (88%) feeling at least somewhat confident about making investment decisions. Investor outlook on equities specifically remained steady during the third quarter, with fifty percent of clients saying now is a good time to invest in equities. Despite this rally in confidence about their personal financial situations, however, just one-third of investors (30%) say they are better off financially than just one year ago, reflecting a hangover from the financial crisis of 2008-2009.

The Schwab Survey of Investor Confidence was conducted in September 2010, and aggregates the views of 1,200 retail clients.

When asked what they would do with an unexpected $25,000, 62 percent of those surveyed said they would invest the money, 29% would save it, 24% would use the money to pay off debt, 14% would spend it, and 6% would donate the money to charity. Among those choosing to save or invest, individual stocks or mutual funds was the clear preference at 49%, followed by fixed income investments and savings accounts at 19% each.

“Our clients are increasingly recognizing there are some good opportunities to more actively engage in the market, in particular by investing in equities. But we can see that the ups and down of the economy have shaken people’s confidence in their investment decision-making,” said Troy Stevenson, vice president at Charles Schwab.

Online interviews with 1,200 Schwab Investor Services clients were conducted September 10-24 by global market research firm Synovate.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 300 offices and 7.9 million client brokerage accounts, 1.5 million corporate retirement plan participants, 673,000 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. (1110-7260)

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Contact:

Charles Schwab
Matt Hurwitz, 415-667-0480
matt.hurwitz@Schwab.com

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