Press Releases

11/14/19 5:45 am PST
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of October 2019 include: Core net new assets brought to the company by new and existing clients totaled $24.1 billion. Net new assets excluding mutual fund clearing totaled $22.6 billion. Total client assets were a record $3.85 trillion as of month-end October, up 14% from October 2018 and up 2% compared to September 2019. New brokerage accounts were 142,000 in October, up 7% from more...
11/13/19 7:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--According to new research from Schwab Stock Plan Services, the average vested value of U.S. workers’ equity compensation is $97,711 and the average total value of their equity compensation is $149,835. The study, which examines the attitudes and behaviors of 1,000 equity compensation plan participants who currently receive incentive stock options or restricted stock awards and/or participate in employee stock purchase plans (ESPPs), finds that 41% of more...
11/5/19 9:30 am PST
SAN DIEGO--(BUSINESS WIRE)--This morning from the mainstage at Schwab’s annual IMPACT® conference, Bernie Clark, executive vice president and head of Schwab Advisor Services, pointed to the $5 trillion independent advice industry and applauded the more than 2,200 advisor clients in attendance, saying, “you being all in on independence has made this industry what it is.” He celebrated the remarkable growth of the independent model and echoed the “All In” theme of this year’s event. Clark more...
11/4/19 4:30 pm PST
SAN DIEGO--(BUSINESS WIRE)--Schwab Advisor Services™ announced the recipients of the 14th annual IMPACT Awards® for independent investment advisor firms. Four firms are being recognized today at Schwab IMPACT®, the largest and longest-running annual gathering of independent advisors in the nation. The winning firms for 2019 are: Sequoia Financial Group, LLC; AdvicePeriod, LLC; Moisand Fitzgerald Tamayo, LLC; and PCS Retirement, LLC. The IMPACT Awards are given each year to firms that have more...
10/24/19 5:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Advisor Services today introduced the Schwab Alternative Investment Marketplace™ platform, which gives Schwab’s independent advisor clients access to third-party platform sponsors that offer menus of private funds. The new platform delivers a number of benefits for independent advisors, including removal of custodial fees, streamlined capital call processing, and access to third-party alternative investment funds. “We continually listen to what advisors more...
10/23/19 1:55 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.17 per common share. The dividend is payable November 22, 2019 to stockholders of record as of the close of business on November 8, 2019. In addition, the Board of Directors also declared a regular quarterly dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series C, in the amount of $15.00 per share or $ more...
10/22/19 5:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Advisor Services™ today announced keynote speakers and new features coming to IMPACT® 2019, the largest and longest-running annual gathering of independent advisors in the nation. More than 2,200 independent advisors from across the country, along with hundreds of industry professionals, will gather at the San Diego Convention Center from November 4-7. Keynote speakers will include former U.S. Under Secretary of State for Political Affairs Nicholas more...
10/15/19 5:45 am PDT
The Charles Schwab Corporation announced today that its net income for the third quarter of 2019 was $951 million, up 3% from $923 million for the third quarter of 2018. Net income for the nine months ended September 30, 2019 was $2.9 billion, up 11% from the year-earlier period. The company’s financial results for the third quarter and first nine months of 2019 include severance charges described below.     Three Months Ended September 30,   %   Nine Months Ended more...
10/4/19 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 18th. 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 Walt Bettinger, more...
10/3/19 5:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Investment Management, Inc. (CSIM), an asset management arm of The Charles Schwab Corporation, is launching three new fixed income exchange-traded funds (ETFs). The new fixed income ETFs, whose 0.06% operating expense ratios (OERs) are among the lowest in their respective projected Morningstar categories, will begin trading on October 10, 2019. The three funds are: Ticker Fund Name Benchmark Index OER   SCHJ Schwab more...
10/2/19 5:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Advisor ServicesTM announced it is redoubling its effort to raise awareness among investors of the merits of the independent advisory model through its ongoing “Independent Difference” national advertising and educational campaign. The multi-format campaign showcases independent investment advisors from around the country and targets high-net-worth investors with a message about how the RIA model is closely aligned with the needs of high-net-worth more...
10/1/19 5:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Almost forty five years ago, Chuck Schwab made investing more accessible to all Americans with the concept of low commissions to buy and sell stocks. On October 7, 2019, in conjunction with the release of Mr. Schwab’s latest book, “Invested,” Charles Schwab & Co., Inc. is removing the final barrier to making investing accessible to everyone by eliminating commissions for stocks, ETFs and options listed on U.S. or Canadian exchanges, across all mobile and web more...
9/23/19 5:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Advisors say being easily influenced by recent news, playing it overly safe and seeking information that reinforces established perceptions are the most common behavioral biases that impact their clients’ investing decisions. These are findings from the BeFi Barometer 2019 survey, new research sponsored by Charles Schwab Investment Management, Inc. (CSIM) in collaboration with the Investments & Wealth Institute and Cerulli Associates. “Recognizing more...
9/16/19 5:45 am PDT
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of August 2019 include: Core net new assets brought to the company by new and existing clients totaled $19.9 billion. Net new assets excluding mutual fund clearing totaled $17.7 billion. Total client assets were $3.72 trillion as of month-end August, up 5% from August 2018 and down 1% compared to July 2019. Average interest-earning assets on the company’s balance sheet were $265.0 more...
9/10/19 8:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Advisor Services today announced enhancements to Institutional Intelligent Portfolios®, including an account conversion feature allowing independent investment advisors easier ways to transfer investor clients’ existing Charles Schwab brokerage accounts to advisor-branded automated investment accounts. The entirely paperless process makes it simpler than ever for advisors to incorporate automated investing into their practices while freeing more time to more...
9/10/19 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--According to research from Schwab Retirement Plan Services, many 401(k) participants in Generation X are struggling with credit card and other kinds of debt as they try to save for a comfortable retirement. While a small majority of this group, aged 39 to 54, say they are more focused on saving for retirement (58%), a full 42% say they are more focused on paying off debt right now. The nationwide survey of 1,000 401(k) plan participants, including 368 Gen Xers more...
8/27/19 5:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Advisor Services announced the winners of its second annual Operational Excellence Awards that honor independent advisory firms for superior use of technology to increase firm productivity and efficiency, enhance and modernize the client experience, and shield employees and clients from fraud. The awards were distributed onstage at Schwab’s 2019 SOLUTIONS® events, a series of one-day workshops across the country where approximately 2,000 advisors learn more...
8/21/19 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--According to Charles Schwab’s latest SDBA Indicators Report™, an industry-leading benchmark on retirement plan participant investment activity within approximately 142,000 self-directed brokerage accounts (SDBAs), only 20% of SBDA participants worked with an advisor; however, those who did had an average balance of $448,515 – nearly twice as much as the $234,673 held by non-advised participants. SDBAs are brokerage accounts within retirement plans, including more...
8/14/19 5:45 am PDT
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of July 2019 include: Core net new assets brought to the company by new and existing clients totaled $19.3 billion for the month, a July record. Net new assets excluding mutual fund clearing totaled $18.2 billion. Total client assets were a record $3.75 trillion as of month-end July, up 8% from July 2018 and up 1% compared to June 2019. Client assets receiving ongoing advisory more...
7/29/19 8:55 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today released its Q2 2019 Retail Client Sentiment Report. Key highlights include: Client outlook for the U.S. stock market remains slightly bearish, but the proportion of clients who think they are “better off financially” and it’s a “good time to invest” has increased since December 2018. The U.S. political landscape is overwhelmingly the leading concern about investing among clients. Additionally, a third of clients believe the next more...
7/25/19 2:19 pm PDT
SAN FRANCISCO & SAN ANTONIO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that it has entered into a definitive agreement to acquire assets of USAA’s Investment Management Company, including brokerage and managed portfolio accounts for $1.8B in cash. The companies have also agreed to enter into a long-term referral agreement, effective at closing of the acquisition, that would make Schwab the exclusive wealth management and brokerage provider for USAA members. Walt more...
7/24/19 3:34 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.17 per common share. The dividend is payable August 23, 2019 to stockholders of record as of the close of business on August 9, 2019. In addition, the Board of Directors also declared a regular quarterly dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series C, in the amount of $15.00 per share or $0. more...
7/23/19 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Schwab Charitable™, one of the largest national providers of donor-advised funds and other philanthropic services, facilitated over $2.4 billion in grants to over 83,000 charities during fiscal year 20191. This represents a 33 percent increase in dollars granted compared to the 2018 fiscal year, and a 26 percent increase in number of grants. Feeding America, Planned Parenthood, Doctors Without Borders, Campus Crusade for Christ, and Salvation Army were the most more...
7/16/19 5:45 am PDT
The Charles Schwab Corporation announced today that its net income for the second quarter of 2019 was $937 million, down 3% from $964 million for the prior quarter, and up 8% from $866 million for the second quarter of 2018. Net income for the six months ended June 30, 2019 was a record $1.9 billion, up 15% from the year-earlier period.     Three Months Ended June 30,   %   Six Months Ended June 30,   % Financial Highlights   2019   more...
7/11/19 7:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Since introducing new subscription-based pricing at the end of March, Schwab Intelligent Portfolios Premium has added $1 billion in new assets under management, reinforcing the significance of Schwab’s move to a more modern way to deliver financial planning. In addition to strong asset growth, the service has seen a 25 percent increase in account opens, a 40 percent increase in average household assets enrolled, and a 37 percent rise in new-to-Schwab household more...
7/9/19 5:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Schwab announced today that it has added 25 ETFs to Schwab ETF OneSource™, one of the first commission-free ETF programs1 in the industry. Starting today, clients can access 539 ETFs covering 83 Morningstar Categories with $0 online commissions. Schwab ETF OneSource continues to stand apart with no enrollment requirements, no early redemption fees and no activity assessment fees. “In Schwab’s 2019 ETF Investor Study, investors said a broad selection of ETF more...
7/5/19 5:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that it has scheduled a Summer Business Update for institutional investors on Friday, July 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. Participants will include Walt Bettinger, more...
6/17/19 1:12 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab has been named an honoree of The Civic 50 by Points of Light, the world’s largest organization dedicated to volunteer service, for the third year in a row. The Civic 50 recognizes the most community-minded companies in the United States. Charles Schwab is committed to investing in communities and to helping people take ownership of their financial futures, and supports a wide range of charitable more...
6/14/19 5:45 am PDT
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of May 2019 include: Core net new assets brought to the company by new and existing clients in May 2019 totaled $17.3 billion. Net new assets excluding mutual fund clearing totaled $17.0 billion. Total client assets were $3.53 trillion as of month-end May, up 5% from May 2018 and more...
6/11/19 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--New research from Schwab Retirement Plan Services finds that although 401(k) participants believe they need $1.7 million, on average, to retire, many are not investing enough to reach that goal. The nationwide survey of 1,000 401(k) plan participants also reveals the outsized role of the 401(k) in Americans’ financial lives, with most (58%) saying it is their only or largest source of retirement savings. more...
5/30/19 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab has earned the highest ranking in overall satisfaction in the J.D. Power 2019 Retirement Plan Participant Satisfaction Study in the large plan segment. Schwab also ranked highest in the J.D. Power 2018 Group Retirement Satisfaction Study in the large plan segment. With an overall satisfaction score of 821 on a 1000-point scale, Schwab scored 10 points higher than the nearest competitor and 48 points more...
5/28/19 1:00 pm PDT
FORT WORTH, Texas--(BUSINESS WIRE)--Charles Schwab is honored to congratulate Kevin Na on his victory at the 2019 Charles Schwab Challenge. With his four shot, 70-62-69-66-win, Na captured the iconic Leonard Trophy and will have his name etched in stone on the Wall of Champions at Colonial Country Club. He was also presented with a one-of-a-kind, new prize ― a custom “restomod” 1973 Dodge ® Challenger from Schwab. During Sunday’s more...
5/20/19 7:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--More than 7,500 Charles Schwab employees will honor Schwab’s long-standing culture of investing in its communities through philanthropy and volunteer 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.“Schwab Volunteer Week is inspiring and underscores the importance of more...
5/16/19 6:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--According to Charles Schwab’s SDBA Indicators Report™, an industry-leading benchmark on retirement plan participant investment activity within self-directed brokerage accounts (SDBAs), the average SDBA balance jumped to $267,609 at the end of Q1 2019, an increase of 8.7 percent from Q4 2018, as the markets bounced back from the sharp losses experienced at the end of 2018. SDBAs are brokerage accounts within more...
5/15/19 3:38 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--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, 2019 to stockholders of record at the close of business on July 17, 2019. About Charles Schwab The Charles Schwab Corporation (NYSE: SCHW) is a leading more...
5/14/19 8:00 am PDT
FORT WORTH, Texas--(BUSINESS WIRE)--In its first year as title sponsor, Charles Schwab is introducing a number of additions to the charitable programs associated with the 2019 Charles Schwab Challenge. Today, the company announced that the enhancements to the storied golf tournament will continue off the course, as well. The tournament’s long history of helping those in need throughout the state and Dallas-Fort Worth community also will receive a fresh more...
5/14/19 5:45 am PDT
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of April 2019 include: Core net new assets brought to the company by new and existing clients in April 2019 totaled negative $0.3 billion. Net new assets excluding mutual fund clearing totaled negative $1.2 billion. These flows reflect client cash disbursements during tax season. Total client assets were $ more...
5/13/19 4:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--More than a third of Americans admit their spending habits have been influenced by images and experiences shared by their friends on social media and confess they spend more than they can afford to avoid missing out on the fun, according to Schwab’s 2019 Modern Wealth Survey, an annual examination of how 1,000 Americans think about saving, spending, investing and wealth. Survey respondents place blame on more...
5/10/19 5:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The majority of ETF investors (61%) expect market volatility to increase in the next six months, and close to half (44%) say they will put more money into ETFs as a result, according to the ninth annual ETF Investor Study by Charles Schwab & Co., Inc., a survey of 1,500 investors who have bought or sold an ETF within the past two years. “After a decade of market gains, ETF investors now see clouds on the more...
4/30/19 2:45 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.17 per common share. The dividend is payable May 29, 2019 to stockholders of record as of the close of business on May 15, 2019. In addition, the Board of Directors also declared a regular quarterly dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series C more...
4/30/19 8:00 am PDT
FORT WORTH, Texas--(BUSINESS WIRE)--With less than one month to go until the start of the 2019 Charles Schwab Challenge, the tournament and Schwab are announcing a series of new initiatives that will pay homage to the tradition of this event and legacy of golf legend, Ben Hogan — while building a bridge to its future as one of the most modern and engaging events on the PGA TOUR.In its first year as title sponsor, Charles Schwab and the tournament will introduce new programming that celebrates more...
4/22/19 8:00 am PDT
FORT WORTH, Texas--(BUSINESS WIRE)--Charles Schwab has been challenging the status quo in the financial services industry on behalf of investors since 1973. Now, as the title sponsor of the Charles Schwab Challenge — a PGA TOUR event that has challenged the world’s top shot-makers for 73 years — the company is celebrating that “challenger spirit” by unveiling a one-of-a-kind prize for the champion of this year’s event: a restored 1973 Dodge® Challenger.The car — a restomod “Schwab Challenger” more...
4/15/19 5:45 am PDT
The Charles Schwab Corporation announced today that its net income for the first quarter of 2019 was a record $964 million, up 3% from $935 million for the prior quarter, and up 23% from $783 million for the first quarter of 2018.   Three Months Ended March 31,   % Financial Highlights more...
4/12/19 5:45 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that it has scheduled a Spring Business Update for institutional investors on Friday, April 26th. 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...
4/4/19 5:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab has received the highest ranking among DIY investors in overall satisfaction nationwide in the J.D. Power 2019 U.S. Self-Directed Investor Satisfaction Study. With an index score of 805 on a 1,000-point scale, Schwab scored 37 points above the overall satisfaction industry average, and received the highest scores in the areas of interaction, account information, commissions and fees, product offerings, and more...
3/28/19 8:30 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--To simplify its approach to comprehensive professional guidance and financial planning for the firm’s digital advisory services, Charles Schwab is moving to a new subscription pricing model for Schwab Intelligent Advisory™ and renaming the service Schwab Intelligent Portfolios Premium™. There are no pricing changes to Schwab Intelligent Portfolios®, the firm’s automated investing service, which charges no advisory fee more...
3/14/19 5:45 am PDT
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of February 2019 include: Core net new assets brought to the company by new and existing clients in February 2019 totaled $18.3 billion. Net new assets excluding mutual fund clearing totaled $17.2 billion. Total client assets were $3.53 trillion as of month-end February, up 6% from February 2018 and up 2% more...
3/13/19 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), the market correction that occurred during the fourth quarter of 2018 weighed on participant accounts, as the average SDBA balance fell to $246,153, a decline of 10.6 percent from 3Q 2018 and 6.3 percent year-over-year. more...
3/8/19 5:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Investment Management, Inc. (CSIM), an asset management arm of The Charles Schwab Corporation, announced today that it has received three 2019 Lipper Fund Awards for outstanding fund performance. For more than three decades, the Lipper awards have highlighted funds and fund management companies that excel in delivering consistently strong, risk-adjusted performance relative to their peers. Each of more...
2/14/19 5:45 am PST
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of January 2019 include: Core net new assets brought to the company by new and existing clients in January 2019 totaled $15.1 billion. Net new assets excluding mutual fund clearing totaled $13.5 billion. Total client assets were $3.45 trillion as of month-end January, down 1% from January 2018 and up 6% more...

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