Press Releases

10/15/18 5:45 am PDT
The Charles Schwab Corporation announced today that its net income for the third quarter of 2018 was a record $923 million, up 7% from $866 million for the prior quarter, and up 49% from $618 million for the third quarter of 2017. Net income for the nine months ended September 30, 2018 was $2.6 billion, up 46% from the year-earlier period more...
10/5/18 5:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that it has scheduled a Fall Business Update for institutional investors on Friday, October 19th. This Update, which will be held via webcast, is part of an ongoing series designed to help the investment community keep abreast of recent developments and management’s strategic focus. The program is scheduled to run from 8:00 a.m. - 9:00 a.m. PT, 11:00 a.m. - 12:00 p.m. ET. more...
10/3/18 4:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Advisor Services today released its analysis of U.S. Securities and Exchange Commission (SEC) advisor registrations for 2017, which shows that the number of new advisors filing with the Commission as registered investment advisors (RIAs) continued the strong growth trajectory seen in the previous year. According to the data, new registrations jumped 20 percent year-over-year and grew by 59 percent over the last more...
10/1/18 5:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab’s Consumer Digital Demands, a survey of 1,000 U.S. consumers, reveals that Americans are more likely to automate their day-to-day finances than other daily activities. Roughly a quarter of those surveyed say they would sooner automate their day-to-day finances than rely on technology to get food delivered (22%), find a date (18%), diagnose a minor health issue (13%), or drive a car (11%). more...
9/27/18 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--According to Charles Schwab’s SDBA Indicators ReportTM , an industry-leading benchmark on retirement plan participant investment activity within self-directed brokerage accounts (SDBAs), Millennials allocated a larger percentage of their portfolios to ETFs and cash than did other generations during the second quarter of 2018, while mutual funds remained the largest holding in the accounts of all generations more...
9/27/18 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--According to Charles Schwab’s SDBA Indicators ReportTM , an industry-leading benchmark on retirement plan participant investment activity within self-directed brokerage accounts (SDBAs), Millennials allocated a larger percentage of their portfolios to ETFs and cash than did other generations during the second quarter of 2018, while mutual funds remained the largest holding in the accounts of all generations more...
9/17/18 5:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of August 2018 include: Core net new assets brought to the company by new and existing clients in August 2018 totaled $20.8 billion. Net new assets excluding mutual fund clearing totaled $18.6 billion. Total client assets were a record $3.56 trillion as of month-end August, more...
9/6/18 1:00 pm PDT
MIAMI BEACH, Fla.--(BUSINESS WIRE)--Today at the Orion Ascent conference, Schwab Advisor Services previewed its Digital Account Open tool, which will be in pilot for independent advisors later this year. In tandem with the Digital Account Open rollout, Schwab is expanding its integration with Orion Advisor Services, a key portfolio management and reporting provider available through Schwab OpenView Gateway®. “Technology is the most more...
8/27/18 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--New research from Schwab Retirement Plan Services, Inc. reveals that, despite having a positive outlook for retirement, American workers regret past spending and are concerned about being able to ultimately save enough for their golden years. The nationwide survey of 1,000 401(k) plan participants finds that while 70 percent believe their quality of life in retirement will be better than that of both their parents and more...
8/21/18 9:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Advisors are realizing the benefits of technology and workflows within their firms according to a survey of approximately 2,000 attendees at Schwab Advisor Services’ annual SOLUTIONS® events. Through these one-day workshops across the country, advisors learn how to enhance the client experience through technology use and operational efficiency and hear about Schwab’s new digital tools that are designed to support them more...
8/14/18 5:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of July 2018 include: Core net new assets brought to the company by new and existing clients in July 2018 totaled $16.3 billion. Net new assets excluding mutual fund clearing totaled $15.8 billion. Total client assets were $3.48 trillion as of month-end July, up 12% from more...
8/13/18 5:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--A decade after the onset of the financial crisis, American young adults are optimistic about their future financial success but demonstrate behaviors that suggest they may be unprepared for the realities of achieving it. New research from Charles Schwab indicates that while 81 percent of young adults age 16 to 25 witnessed their parents experience financial hardship, 76 percent believe they will have a better financial more...
7/25/18 3:00 pm PDT
The Board of Directors of The Charles Schwab Corporation at its meeting today declared a 3 cent, or 30%, increase in the quarterly cash dividend to $0.13 per common share. The dividend is payable August 24, 2018 to stockholders of record as of the close of business on August 10, 2018. Chairman Charles Schwab commented, “This dividend increase reflects the Board’s confidence in our ability to continue to deliver consistent earnings and more...
7/18/18 5:00 am PDT
Schwab CharitableTM, one of the largest national providers of donor-advised funds and other philanthropic services, reports a record fiscal year 20181 in which donors recommended over 420,000 grants representing nearly $2 billion in charitable gifts. The dollar total was 20% higher than the prior fiscal year and helped donors reach $10 billion in recommended grants to over 130,000 charities since Schwab Charitable’s inception almost 20 years ago more...
7/17/18 5:45 am PDT
The Charles Schwab Corporation announced today that its net income for the second quarter of 2018 was a record $866 million, up 11% from $783 million for the prior quarter, and up 51% from $575 million for the second quarter of 2017. Net income for the six months ended June 30, 2018 was $1.6 billion, up 45% from the year-earlier period more...
7/12/18 4:00 am PDT
The independent advisory industry remains on a growth trajectory, according to results from the 2018 RIA Benchmarking Study from Charles Schwab, the largest study of its kind in the industry. The data from Schwab’s latest Study indicates AUM grew 16.2 percent in 2017 at the median versus 9.6 percent in 2016, and the five-year compound annual growth rate (CAGR) for AUM was 10.9 percent, from $358 million in 2013 to $652 million in 2017. Meanwhile more...
7/10/18 12:44 pm PDT
Charles Schwab announced that Schwab ETF OneSource™, one of the largest commission-free exchange-traded fund (ETF) programs in the industry,1 added 11 additional ETFs to its offering effective July 3. With these additions, investors and advisors can access 265 ETFs covering 70 Morningstar Categories with $0 online commissions, no enrollment requirements and no early redemption fees. “Accessing a broad range of commission-free ETFs is more...
7/6/18 5:45 am PDT
The Charles Schwab Corporation announced today that it has scheduled a Summer Business Update for institutional investors on Friday, July 20th. This Update, which will be held via webcast, is part of an ongoing series designed to help the investment community keep abreast of recent developments and management’s strategic focus. The program is scheduled to run from 8:00 a.m. - 9:00 a.m. PT, 11:00 a.m. - 12:00 p.m. ET. Participants will include more...
6/18/18 5:00 am PDT
Examining the Mindset of U.S. Financial Professionals, a survey released today by Schwab Independent Branch Services, finds that while client-facing financial professionals are generally fulfilled and optimistic about their careers, they are brimming with entrepreneurial drive and drawn to independence. The majority of survey participants care deeply about their work and are pleased with their jobs, yet 76 percent say they have experienced obstacles more...
6/14/18 8:45 am PDT
Bernie Clark, leader of Schwab Advisor Services, asked independent advisors today: “Are we driving change or being driven by it?” and urged them to challenge themselves and resist the temptation to think “this is working just fine” given the extraordinary growth and success that the independent model has seen in the last decade. Speaking to a group of 170 independent advisor clients for the firm’s annual EXPLORE conference in Avon, more...
6/14/18 5:45 am PDT
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of May 2018 include:Core net new assets brought to the company by new and existing clients in May 2018 totaled $19.4 billion. Net new assets excluding mutual fund clearing totaled $18.4 billion.Total client assets were $3.38 trillion as of month-end May, up 13% from May 2017 and up 2% compared to April 2018.Average interest-earning assets on the company’s balance sheet were a more...
6/12/18 5:00 am PDT
Exchange Traded Funds (ETFs) are the investment vehicle of choice for 91% of Millennial investors according to the ETF Investor Study by Charles Schwab & Co., Inc. Millennials say 42% of their portfolios are currently in ETFs, and more than half (56%) of investors in that generation say they have already replaced all individual securities in their portfolios with ETFs. Nearly 80% of Millennials see ETFs as their primary investment vehicle in more...
6/5/18 6:00 am PDT
Charles Schwab has earned the highest ranking in overall satisfaction in the Large Plan Segment in the 2018 J.D. Power Group Retirement Satisfaction Study. With an overall satisfaction score of 824 on a 1000-point scale, Schwab scored 16 points above the nearest competitor and 36 points above the industry average in the Large Plan segment. Schwab also received the highest score in each of the six factors included in the overall more...
6/1/18 6:00 am PDT
According to Charles Schwab’s SDBA Indicators ReportTM , an industry-leading benchmark on retirement plan participant investment activity within self-directed brokerage accounts (SDBAs), plan participants invested the largest percentage of new assets into mutual funds in the first quarter of 2018, followed by exchange-traded funds, equities and fixed income. SDBAs are brokerage accounts within retirement plans, including 401(k) more...
5/31/18 6:00 am PDT
Today, Charles Schwab officially opened its new, 469,000-square-foot, 50-acre Austin campus at Gracy Farms. The campus, which has two five-story office buildings, an amenities center and parking garage, is designed as an open, collaborative and sustainable workspace to support a modern workplace culture. It will house approximately 1,900 of Schwab’s Austin employees, with room to accommodate future growth. Construction of an more...
5/24/18 1:30 pm PDT
The Charles Schwab Corporation announced today that it will redeem all of its outstanding 2.20% Senior Notes due July 25, 2018 (the “Notes”) on June 25, 2018 (the “Redemption Date”). The redemption price will be equal to 100% of the principal amount of the Notes plus accrued and unpaid interest to, but not including, the Redemption Date. The aggregate principal amount of Notes outstanding is $275 million. About Charles Schwab more...
5/21/18 7:00 am PDT
Thousands of Schwab employees and executives will honor Schwab’s long-standing culture of service by participating in Schwab Volunteer Week, which kicks off today with a week of volunteer projects that help local and national nonprofit organizations. This year’s event marks another record-breaking year for employee participation with nearly 7,000 employees registered for service projects. Now in its 15th year, Schwab Volunteer Week more...
5/15/18 4:31 pm PDT
The Board of Directors of The Charles Schwab Corporation has declared a semi-annual dividend on the outstanding Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A in the amount of $35 per share. The dividend is payable August 1, 2018, to stockholders of record at the close of business on July 17, 2018. About Charles Schwab The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of more...
5/15/18 4:00 am PDT
New research from Charles Schwab shows that three in five Americans live paycheck to paycheck and that only one in four have a written financial plan, but those who do exhibit positive investing and saving behavior. A thousand Americans participated in Schwab’s 2018 Modern Wealth Index, an assessment that scores participants between 1-100 based on how well they manage their money and investments across four factors: 1) goal more...
5/14/18 5:45 am PDT
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of April 2018 include: Core net new assets brought to the company by new and existing clients in April 2018 totaled $9.9 billion, which excludes expected outflows of $9.5 billion from certain mutual fund clearing services clients. Net new assets excluding mutual fund clearing totaled $8.8 billion. These flows reflect more...
5/3/18 6:30 am PDT
Charles Schwab is expanding its technical talent pool in both Austin and San Francisco and will be identifying dedicated real estate in Q2 and Q3 2018 to house its new Digital Accelerator teams. Schwab’s Accelerator program will be home to hundreds of existing employees and new hires, focused on accelerating the digital solutions Schwab delivers to its retail investors and the advisors and employers who serve them. “Schwab has a long more...
4/24/18 9:00 am PDT
Schwab Intelligent Advisory™, Charles Schwab’s hybrid advisory service, has been recognized by Celent as a winner of a 2018 Model Wealth Manager award for client experience. Celent is a global research and advisory firm for the financial services industry. Celent’s award program recognizes financial institutions as ‘model wealth managers’ for their outstanding technology initiatives. In order to win, the initiatives must more...
4/19/18 3:34 pm PDT
The Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.10 per common share. The dividend is payable May 25, 2018 to stockholders of record as of the close of business on May 11, 2018. In addition, the Board of Directors of The Charles Schwab Corporation declared a regular quarterly dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, more...
4/19/18 8:00 am PDT
In honor of Financial Literacy Month in April, Boys & Girls Clubs of America and Charles Schwab Foundation selected teen Arianna Akinwunmi from Frisco, Texas to serve as the 2018 National Ambassador for the  Money Matters financial education program and receive a $5,000 scholarship. Now in its 14th year, the Money Matters program teaches the basics of personal finance and the importance of an early start to financial responsibility more...
4/16/18 5:45 am PDT
The Charles Schwab Corporation announced today that its net income for the first quarter of 2018 was a record $783 million, up 31% from $597 million for the prior quarter, and up 39% from $564 million for the first quarter of 2017.     Three Months EndedMarch 31 more...
4/6/18 5:45 am PDT
The Charles Schwab Corporation announced today that it has scheduled a Spring Business Update for institutional investors on Friday, April 20th. This Update, which will be held via webcast, is part of an ongoing series designed to help the investment community keep abreast of recent developments and management’s strategic focus. The program is scheduled to run from 8:00 a.m. - 9:00 a.m. PT, 11:00 a.m. - 12:00 p.m. ET. Participants will include more...
3/29/18 4:05 am PDT
Charles Schwab has received the highest ranking in overall satisfaction in the 2018 J.D. Power Full Service Investor Satisfaction Study. Schwab also ranked highest in both the 2017 and 2016 J.D. Power U.S. Full Service Investor Satisfaction Study. With an index score of 867 on a 1,000-point scale in the 2018 Full Service Study, Schwab scored 28 points above the overall satisfaction industry average and received the highest scores in more...
3/14/18 5:45 am PDT
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of February 2018 include: Core net new assets brought to the company by new and existing clients in February 2018 totaled $21.3 billion, which excludes expected outflows of $71.8 billion from certain mutual fund clearing services clients. Net new assets excluding mutual fund clearing totaled $21.7 billion more...
2/28/18 5:30 am PST
Charles Schwab Investment Management, Inc. (CSIM), an asset management arm of The Charles Schwab Corporation, announced that it has received three Best-In-Class Thomson Reuters Lipper Fund Awards. The annual Lipper Fund Awards recognize funds and fund management firms for their consistently strong, risk-adjusted performance relative to their peers. For the ranking periods ending November 30, 2017, two funds from CSIM’s Fundamental more...
2/15/18 6:00 am PST
A new survey from Schwab Stock Plan Services reveals that employees who participate in equity compensation plans see the long-term value of the benefit but are afraid of making a mistake when exercising employee stock options or selling shares. More than one-third of participants (36%) say equity compensation is the reason or one of the main reasons they took their job. According to the nationwide survey of 1,000 equity compensation more...
2/14/18 5:45 am PST
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of January 2018 include: Core net new assets brought to the company by new and existing clients in January 2018 totaled $18.7 billion, which excludes an outflow of $7.2 billion from a mutual fund clearing services client. Net new assets excluding all mutual fund clearing flows totaled $17.7 billion more...
1/31/18 8:30 am PST
Charles Schwab today released its latest retail client behavior and sentiment report covering the second half of 2017. Key highlights from the “Schwab Wealth Management Monitor” include: Schwab retail clients overall were net buyers during the second half of 2017. Average cash allocation across all retail clients decreased to 18.5% (from 21.1% a year ago). Nearly 60% of more...
1/25/18 2:24 pm PST
Chairman of the Board, Charles R. Schwab commented today, “With the global economy already on a positive path, the recent tax reform enacted by Congress and signed into law in late 2017 provided new fuel for economic growth in 2018 and we expect it to be a stimulus for the market as investors anticipate the positive impact tax reductions will have on U.S. businesses. As just one example, our firm will see a reduction in its tax obligation of more...
1/23/18 5:00 am PST
Schwab CharitableTM, one of the largest national providers of donor-advised funds and other philanthropic services, facilitated more than $1.6 billion in grants to 71,000 charities in 2017. Schwab Charitable donors recommended approximately 368,000 grants, up 35% from 2016. The new federal tax legislation and strong market performance helped make 2017 a truly historic year for charitable giving. Over 70% of contributions into more...
1/22/18 8:00 am PST
The Charles Schwab Corporation announced that it has been selected as one of FORTUNE’s top 50 World's Most Admired Companies for 2018, and was ranked No. 1 for innovation, use of corporate assets and social responsibility in the Securities and Asset Management category of the list, where it ranked No. 2 overall. The annual survey measures nine attributes related to corporate reputation and financial performance. “We are honored to have more...
1/17/18 5:45 am PST
The Charles Schwab Corporation announced today that its net income for the fourth quarter of 2017 was $597 million, up 14% from $522 million for the fourth quarter of 2016. Net income for the twelve months ended December 31, 2017 was nearly $2.4 billion, up 25% year-over-year. The company’s financial results for the fourth quarter and full-year 2017 were impacted by the tax reform legislation signed in December − a one-time tax expense of approximately more...
1/8/18 1:40 pm PST
The Charles Schwab Corporation (the “Company”) announced today that it will redeem all of its outstanding 1.500% Senior Notes due March 10, 2018 (the “Notes”) on February 8, 2018 (the “Redemption Date”). The redemption price will be equal to 100% of the principal amount of the Notes plus accrued and unpaid interest to, but not including, the Redemption Date. The aggregate principal amount of Notes outstanding is $625 million. more...
1/3/18 7:00 am PST
Charles Schwab announced that Schwab ETF OneSource™, one of the largest commission-free ETF programs in the industry, is adding twelve new ETFs to its lineup effective today. With these additions, investors and advisors can access 254 ETFs covering 69 Morningstar Categories with $0 online commissions, no enrollment requirements and no early redemption fees – key differentiators for investors comparing Schwab ETF OneSource to other commission- more...
12/22/17 1:20 pm PST
The Charles Schwab Corporation has posted a CFO Commentary regarding the tax reform law signed today. Peter Crawford, Executive Vice President and Chief Financial Officer, provides an overview of potential impacts to the corporation’s tax rate for 2017 and 2018 at: www.aboutschwab.com/investor-relations/cfo-commentary. About Charles Schwab The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, more...
12/15/17 7:00 am PST
Charles Schwab Investment Management (CSIM), an asset management arm of The Charles Schwab Corporation, announced today there will be no capital gains distributions for the 2017 tax year by any of the 22 exchange-traded funds (ETFs) in the Schwab ETF family. CSIM has paid zero capital gains on its ETFs for eight consecutive years, and is the only top ten ETF provider to not yet pay a capital gain on any of its ETFs.1 “Schwab ETFs more...

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