Charles Schwab Offers Enhanced Online Access to New Issue Municipal Bonds

New Calendar, Capabilities Expand Investors’ Access to Bonds Offered by J.P. Morgan

Monday, December 6, 2010 8:00 am PST



Public Company Information:

"An increasing number of our clients are looking to fixed income and municipal bonds as significant components of their investment strategies, and this capability adds a new level of convenience"

SAN FRANCISCO--(BUSINESS WIRE)--In the latest move designed to help investors use fixed income to meet their investing goals, Charles Schwab has introduced a new issue municipal bond calendar that makes it easier for its clients to review, research and order new municipal bonds online.

Using the new issue municipal calendar now available to all retail investors and, later this month, to independent investment advisors who custody their assets with Schwab Advisor Services, clients can view all current and upcoming offerings available for purchase through Schwab. Schwab significantly expanded its new issue access through an agreement with J.P. Morgan announced last April, and since that time, clients have had access to more than 250 new municipal bond offerings.

By providing all retail clients with the ability to order online bond offerings from a top three municipal bond underwriter, Schwab has set itself apart from other firms. The new issue calendar provides clients with transparency and choice, enabling them to explore yield, maturity dates, and tax status for all offerings. The calendar also allows clients to review offering documents.

“An increasing number of our clients are looking to fixed income and municipal bonds as significant components of their investment strategies, and this capability adds a new level of convenience,” said Andy Gill, senior vice president of fixed income for Charles Schwab. “We are making it easier for investors to make informed decisions, creating value and providing great service by offering full, multi-channel access to a product that is traditionally only available through brokers.”

The new online functionality is part of Schwab’s ongoing effort to provide fixed income solutions to investors and the advisors who serve them, whether they seek to achieve portfolio stability or generate income. Schwab’s agreement with J.P. Morgan includes access to both new issue and secondary market municipal bonds, as well as corporate debt securities. Schwab clients also have access to J.P. Morgan’s award-winning research covering fixed income markets and the economy.

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 as of Oct. 31, 2010. 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,, 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 and (1110-7486)

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Charles Schwab
Alison Wertheim, 415-667-0475

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