Press Releases

11/14/18 5:45 am PST
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of October 2018 include: Core net new assets brought to the company by new and existing clients in October 2018 totaled $14.9 billion. Net new assets excluding mutual fund clearing totaled $14.4 billion. Total client assets were $3.39 trillion as of month-end October, up 4% from October 2017 and down 5% more...
11/12/18 6:00 am PST
SAN FRANCISCO--(BUSINESS WIRE)--A new survey from Schwab Stock Plan Services reveals that equity compensation accounts for a significant portion of participants’ net worth, with many employees’ portfolios overweighted in company stock even though they state they regularly rebalance their investment accounts. According to the nationwide survey of 1,000 equity compensation plan participants who receive stock options or restricted stock awards more...
11/1/18 8:35 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab has published a new report, “The Rise of Robo: Americans’ Perspectives and Predictions on the use of Digital Advice,” that examines people’s outlook on robo advice, its potential impact on how they invest, and its impact on the financial services industry overall. According to the report, the expectation that robo advice will play a significant role in shaping the investing landscape spans generations from more...
10/31/18 5:00 am PDT
WASHINGTON--(BUSINESS WIRE)--Advisors believe the majority of client portfolios should be allocated to core investments1, according to “At the Core: Advisor Views on Investment Trends,” a new study of independent advisors by Charles Schwab Investment Management, Inc. (CSIM). On average, advisors say 62 percent of clients’ holdings should be allocated to core investments. More than one-third of advisors (38 percent) believe core has an even bigger place more...
10/30/18 6:45 am PDT
WASHINGTON--(BUSINESS WIRE)--Schwab Advisor Services today announced the recipients of the 13th annual IMPACT Awards® for independent investment advisor firms. The IMPACT Awards recognize firms that have advanced the industry and demonstrated excellence through their leadership and business practices. The winning firms are: JMG Financial Group, Rebalance, LLC, The Colony Group, and Fiduciary Investment Advisors, LLC. Each firm was recognized today on more...
10/29/18 9:00 am PDT
WASHINGTON--(BUSINESS WIRE)--Speaking to more than 5,000 attendees at Schwab IMPACT®, the largest and longest-running event for independent advisors, Bernie Clark, executive vice president and head of Schwab Advisor Services™, pointed to the industry’s trajectory of growth over the past decade and underscored the critical importance of independent registered investment advisors (RIAs) in helping lead investors out of the depths of the financial crisis more...
10/25/18 3:09 pm PDT
SAN FRANCISCO--(BUSINESS WIRE)--The Board of Directors of The Charles Schwab Corporation at its meeting today authorized additional repurchases of the company’s common stock and declared a quarterly cash dividend of $0.13 per common share. The dividend is payable November 23, 2018 to stockholders of record as of the close of business on November 9, 2018. The Share Repurchase Program previously had $596 million of share repurchases remaining more...
10/25/18 9:00 am PDT
SAN FRANCISCO--(BUSINESS WIRE)--In a survey of young adults aged 16-25, Schwab found that young women are more driven to reach financial independence than young males (67 vs. 58 percent). They are more likely to take on extra work to make ends meet (28 vs. 23 percent) and see more value than men in creating a plan to achieve their financial goals (76 vs. 64 percent). Yet, despite all these good ‘first’ measures, they are investing and saving less than more...
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
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, up 14% from August 2017 and up 2 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
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 July 2017 and up 2% compared to 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...

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