Charles Schwab Corp (N:SCHW)

Business Focus: Investment Banking & Brokerage Services

Nov 05, 2019 12:30 pm ET
Head of Schwab Advisor Services Says RIA Industry Is at an Inflection Point
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.
Nov 04, 2019 07:30 pm ET
Schwab Advisor Services Honors Best-in-Class Independent Investment Advisor Firms With the 2019 IMPACT Awards®
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.
Oct 24, 2019 08:00 am ET
Schwab Advisor Services Launches the Schwab Alternative Investment Marketplace™ Platform
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.
Oct 23, 2019 07:07 pm ET
CORRECTING and REPLACING Schwab Declares Common Stock Dividend and Declares Preferred Stock Dividends
Record date in fourth paragraph, last sentence should read: "November 15, 2019" instead of "November 5, 2019".
Oct 22, 2019 08:00 am ET
Schwab Advisor Services Announces Keynote Speakers and New Features Coming to IMPACT® 2019
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.
Oct 15, 2019 08:45 am ET
Schwab Reports Record Earnings Per Share of $.70, Up 8%
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.
Oct 04, 2019 08:45 am ET
Schwab Announces Its Fall Business Update
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, President & Chief Executive Officer and Peter Crawford, Executive Vice President & Chief Financial Officer.
Oct 03, 2019 08:00 am ET
Schwab Expands Low-Cost Access to Fixed Income With Three New Exchange-Traded Funds
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).
Oct 02, 2019 08:00 am ET
Following Strong Results, Schwab Advisor Services Expands Ad Campaign That Showcases Independent Advisors
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 investors. The next phase will feature a custom content program in The Wall Street Journal that includes an interactive game and a
Oct 01, 2019 08:45 am ET
In Conjunction With Chuck Schwab’s New Book “Invested,” Schwab Removes the Final Pricing Barrier to Investing Online by Eliminating U.S. Stock, ETF and Options Commissions
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 trading channels1. Clients trading options will continue to pay 65 cents per contract.
Sep 23, 2019 08:00 am ET
Step Away From the Headlines: Advisors Say Being Easily Influenced by Recent News and Events Is #1 Investing Misstep
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.
Sep 16, 2019 08:45 am ET
Schwab Reports Monthly Activity Highlights
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of August 2019 include:
Sep 10, 2019 11:30 am ET
Enhancements to Schwab’s Institutional Intelligent Portfolios® Provide Greater Efficiency, Allow More Customization
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
Sep 10, 2019 09:00 am ET
Feeling the Squeeze: Schwab Survey Finds Gen Xers Burdened by Debt as They Face Financial Pressure on All Sides
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.
Aug 27, 2019 08:00 am ET
Schwab Advisor ServicesTM Announces Recipients of 2019 Operational Excellence Awards
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.
Aug 21, 2019 09:00 am ET
Balances in Advised Self-Directed Brokerage Accounts Nearly Double Those of Non-Advised Accounts, Says New Schwab Report
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,
Aug 14, 2019 08:45 am ET
Schwab Reports Monthly Activity Highlights
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of July 2019 include:
Jul 29, 2019 11:55 am ET
Schwab Retail Client Sentiment Continues to Lean Bearish, Political Climate Top Concern
Charles Schwab today released its Q2 2019 Retail Client Sentiment Report. Key highlights include:
Jul 25, 2019 05:19 pm ET
Charles Schwab Corporation to Acquire Assets of USAA’s Investment Management Company
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.
Jul 24, 2019 06:34 pm ET
Schwab Declares Common Stock Dividend and Declares Preferred Stock Dividends
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.
Jul 17, 2019 09:31 am ET
Thinking about trading options or stock in Boston Scientific, Discovery Communications, Charles Schwab, United Airlines, or Western Digital?
NEW YORK, July 17, 2019 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for BSX, DISCA, SCHW, UAL, and WDC....
Jul 16, 2019 08:45 am ET
Schwab Reports Net Income of $937 Million, Up 8%, Posting the Strongest Second Quarter in Company History
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.
Jul 11, 2019 10:00 am ET
Schwab’s Subscription-Based Financial Planning Service Delivers Strong Early Results
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 incre
Jul 09, 2019 08:30 am ET
Schwab ETF OneSource™ Expands Commission-Free Lineup
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.
Jul 05, 2019 08:45 am ET
Schwab Announces Its Summer Business Update
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, President & Chief Executive Officer and Peter Crawford, Executive Vice President & Chief Financial Officer.
Jul 02, 2019 09:31 am ET
Thinking about trading options or stock in Bank of America, Blackstone, Coca-Cola, Charles Schwab, or Twitter?
NEW YORK, July 2, 2019 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for BAC, BX, KO, SCHW, and TWTR....
Jun 14, 2019 08:45 am ET
Schwab Reports Monthly Activity Highlights
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of May 2019 include:
Jun 11, 2019 09:00 am ET
401(k) Participants Believe $1.7 Million is the Magic Number for Retirement, but Their Investing Behavior May Leave Them Short
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.
May 30, 2019 09:00 am ET
Charles Schwab Ranks #1 in Large Plan Segment in J.D. Power Retirement Plan Participant Satisfaction Study for Second Year in a Row
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.
May 28, 2019 04:00 pm ET
Charles Schwab Celebrates Successful First Year as Title Sponsor of the 2019 Charles Schwab Challenge
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.
May 20, 2019 10:00 am ET
7,500+ Schwab Employees to Serve 320 Nonprofits Nationwide During Schwab Volunteer Week
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.
May 16, 2019 09:00 am ET
Schwab Report: Self-Directed 401(k) Investor Balances Rebound in Q1 Following Strong Market Performance
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
May 15, 2019 06:38 pm ET
Schwab Declares Preferred Stock Dividend
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.
May 14, 2019 11:00 am ET
Charles Schwab’s Charitable Efforts in Connection with Golf Tournament Aim to Benefit Dallas-Fort Worth Area Youth, Military
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 look and support from Charles Schwab to broaden its charitable impact.
May 14, 2019 08:45 am ET
Schwab Reports Monthly Activity Highlights
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of April 2019 include:
May 13, 2019 07:00 am ET
How FOMO Fuels American Spending: Our Financial Decisions Are Influenced by Friends’ Social Media Feeds
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,
May 10, 2019 08:30 am ET
ETF Investors Anticipate a Turbulent Market and Look to ETFs to Ride Out the Storm
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.
May 03, 2019 09:10 am ET
Report: Developing Opportunities within The Charles Schwab, STMicroelectronics N.V, Secoo Holding, and Diana Shipping inc — Future Expectations, Projections Moving into 2019
In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders, and shareholders of The Charles Schwab Corporation (NYSE:SCHW), STMicroelectronics N.V. (NYSE:STM),...
Apr 30, 2019 05:45 pm ET
Schwab Declares Common Stock Dividend and Declares Preferred Stock Dividends
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.
Apr 30, 2019 11:00 am ET
Charles Schwab Challenge Set to Make Its Mark at Colonial in Fort Worth, Texas
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.
Apr 22, 2019 11:00 am ET
Charles Schwab Unveils One-of-a-Kind Champion’s Prize in First Year of Tournament Sponsorship
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.
Apr 15, 2019 08:45 am ET
Schwab Reports Record Quarterly Net Income of $964 Million, Up 23%
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.
Apr 12, 2019 08:45 am ET
Schwab Announces Its Spring Business Update
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. Participants will include Walt Bettinger, President & Chief Executive Officer and Peter Crawford, Executive Vice Presi
Apr 04, 2019 08:30 am ET
Charles Schwab Ranks Highest Among DIY Investors in the J.D. Power 2019 U.S. Self-Directed Investor Satisfaction Study
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 information resources.
Mar 28, 2019 11:30 am ET
Schwab Introduces Subscription-Based Financial Planning Option in Its Digital Advisory Service
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.
Mar 14, 2019 08:45 am ET
Schwab Reports Monthly Activity Highlights
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of February 2019 include:
Mar 13, 2019 09:00 am ET
Schwab Report: Self-Directed 401(K) Investors’ Balances Down 6.3% Year-Over-Year After Volatile Fourth Quarter
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
Feb 14, 2019 08:45 am ET
Schwab Reports Monthly Activity Highlights
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of January 2019 include:
Feb 12, 2019 08:00 am ET
Schwab ETF OneSource™ Doubles Lineup to 500+ Commission-Free ETFs
Schwab announced today that Schwab ETF OneSource™, one of the largest commission-free exchange-traded fund (ETF) programs in the industry1, will double its lineup and add iShares ETFs to its already robust menu. With these additions, Schwab clients will be able to buy and sell 503 ETFs covering 79 Morningstar Categories with $0 online commissions, no enrollment requirements and no early redemption fees or activity assessment fees – key differentiators for investors comparing Schwab ETF OneSource to other commission-free ETF offerings.
Jan 30, 2019 05:34 pm ET
Schwab Authorizes $4 Billion Stock Repurchase, Declares 31% Increase in Quarterly Common Stock Dividend, and Declares Preferred Stock Dividends
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 4 cent, or 31% increase in the quarterly cash dividend to $0.17 per common share. The dividend is payable February 28, 2019 to stockholders of record as of the close of business on February 14, 2019.
Jan 23, 2019 02:40 pm ET
Schwab Named to Top 50 of FORTUNE World’s Most Admired Companies List for Second Consecutive Year
The Charles Schwab Corporation has been named as one of FORTUNE magazine’s top 50 World's Most Admired Companies for the second straight year. In the annual survey, which measures nine attributes related to corporate reputation and financial performance, Schwab also earned the top spot for innovation in the Securities and Asset Management category of the list, where it finished No. 2 overall.
Jan 16, 2019 08:45 am ET
Schwab Fourth Quarter Net Income of $935 Million Caps Record Year
The Charles Schwab Corporation announced today that its net income for the fourth quarter of 2018 was $935 million, up 57% from $597 million for the fourth quarter of 2017. Net income for the twelve months ended December 31, 2018 was $3.5 billion, up 49% year-over-year.
Dec 14, 2018 08:45 am ET
Schwab Reports Monthly Activity Highlights
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of November 2018 include:
Dec 13, 2018 05:11 pm ET
Schwab Declares Preferred Stock Dividend
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 February 1, 2019, to stockholders of record at the close of business on January 17, 2019.
Dec 10, 2018 01:00 pm ET
Charles Schwab Investment Management Recognized by Pensions & Investments as a Best Place to Work in Money Management for Three Consecutive Years
Charles Schwab Investment Management, Inc. (CSIM), an asset management arm of The Charles Schwab Corporation, announced that it has been named to Pensions & Investments’ annual list of the Best Places to Work in Money Management1 for the third year in a row.
Nov 27, 2018 09:00 am ET
Advised Self-Directed Brokerage Accounts Are Better Diversified, Have Higher Balances Than Non-Advised Accounts, Says New Schwab Report
According to Charles Schwab’s latest SDBA Indicators Report™, an industry-leading benchmark on retirement plan participant investment activity within approximately 137,000 self-directed brokerage accounts (SDBAs), participants who worked with an advisor had higher balances
Nov 14, 2018 08:45 am ET
Schwab Reports Monthly Activity Highlights
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of October 2018 include:
Nov 12, 2018 09:00 am ET
Workers Rely Heavily on Equity Compensation to Build Wealth, but Hold Too Much Company Stock, Finds Schwab Survey
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.
Nov 01, 2018 11:35 am ET
Nearly 60 Percent of Americans Expect to Use Robo Advice by 2025 According to New Schwab Report
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 i
Oct 31, 2018 08:00 am ET
Core Strength: Advisor Affinity for Core Holdings Continues to Build
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 in client portfolios, saying that core should make up 70 – 100 percent of holdings.
Oct 30, 2018 09:45 am ET
Schwab Advisor Services Announces Recipients of the 2018 IMPACT Awards®
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 the mainstage at Schwab IMPACT®, the largest and longe
Oct 29, 2018 12:00 pm ET
A Decade Since the Financial Crisis Began, Schwab’s Bernie Clark Champions the Rise of Independent, Fiduciary Advice
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.
Oct 29, 2018 07:35 am ET
Factors of Influence in 2018, Key Indicators and Opportunity within Monster Beverage, Celanese, Nu Skin Enterprises, AG Mortgage Investment Trust, Lockheed Martin, and The Charles Schwab — New Researc
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Monster Beverage Corporation (NASDAQ:MNST), Celanese Corporation...
Oct 25, 2018 06:09 pm ET
Schwab Authorizes $1 Billion Stock Repurchase, Declares Common Stock Dividend, and Declares Preferred Stock Dividends
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.
Oct 25, 2018 12:00 pm ET
Young Women Display More “Financial Grit” Than Young Males, but Fall Behind in Saving and Investing, According to New Research From Charles Schwab
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 young men – falling early into the financial gender gap.
Oct 15, 2018 08:45 am ET
Schwab Reports Record Quarterly Net Income of $923 Million, Up 49%
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.
Oct 05, 2018 08:45 am ET
Schwab Announces Its Fall Business Update
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. Participants will include Walt Bettinger, President & Chief Executive Officer and Peter Crawford, Executive Vice Presi
Oct 05, 2018 07:30 am ET
Investor Expectations to Drive Momentum within The Charles Schwab, R.R. Donnelley & Sons, TD Ameritrade Holding, Ashford Hospitality Trust, Ringcentral, and Noble Energy — Discovering Underlying Facto
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of The Charles Schwab Corporation (NYSE:SCHW), R.R. Donnelley Sons Company...
Oct 03, 2018 07:00 am ET
Momentum Continues in Advisors Moving to Independence
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 five years, from 150 new RIA firms in 2013 to 238 new firms in 2017.
Oct 01, 2018 08:30 am ET
Forget Food Delivery: Consumers More Hungry to Automate Their Finances Than Any Other Daily Task Says New Schwab Survey
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
Sep 27, 2018 09:00 am ET
Schwab Report: Millennial Self-Directed 401(k) Investors Allocate More to ETFs Than Do Other Generations; Mutual Funds Remain Top Holdings for All
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 g
Sep 17, 2018 08:45 am ET
Schwab Reports Monthly Activity Highlights
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of August 2018 include:
Sep 06, 2018 04:00 pm ET
Schwab Advisor Services™ Unveils Plans to Expand Digital Account Open Feature
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 avai
Aug 27, 2018 09:00 am ET
Meals Out, Pricey Clothes & New Cars Top Spending Regrets for Americans Trying to Save for Retirement, Schwab 401(k) Survey Finds
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 their children, saving for retirement is still their number one source of financial stress (40%).
Aug 21, 2018 12:00 pm ET
Schwab Advisor Services™ Recognizes Three Firms for Operational Excellence in Digital Tool Adoption and Operating Discipline
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 and their clients.
Aug 14, 2018 08:45 am ET
Schwab Reports Monthly Activity Highlights
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of July 2018 include:
Aug 13, 2018 08:00 am ET
Despite Good Intentions, Millennials and Gen Z Are Demonstrating Unrealistic Expectations About Their Financial Futures
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 future than their parents. Unfortunately, they simultaneously face real personal financial challenges—having incurred average sa
Jul 25, 2018 06:00 pm ET
Schwab Declares 30% Increase in Quarterly Common Stock Dividend and Declares Preferred Stock Dividends
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.
Jul 17, 2018 08:45 am ET
Schwab Reports Record Quarterly Net Income of $866 Million, Up 51%
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.
Jul 12, 2018 07:00 am ET
Independent Advisors Continue on Growth Trajectory While Building Firms to Weather Headwinds
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, revenue accelerated from $2.2 million in 2013 to $3.6 million in 2017, a five-year CAGR of 9.8 perce
Jul 10, 2018 03:44 pm ET
Schwab ETF OneSource™ Broadens Investor Choice with Additional Commission-Free ETFs
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.
Jul 06, 2018 08:45 am ET
Schwab Announces Its Summer Business Update
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 Walt Bettinger, President & Chief Executive Officer and Peter Crawford, Executive Vice Presid
Jun 27, 2018 07:50 am ET
Detailed Research: Economic Perspectives on Comerica, Vanda Pharmaceuticals, Acadia Healthcare, The Charles Schwab, Ares Capital, and EQT — What Drives Growth in Today's Competitive Landscape
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Comerica Incorporated (NYSE:CMA), Vanda Pharmaceuticals Inc....
Jun 18, 2018 08:00 am ET
Financial Pros Have Independence on Their Minds, Finds New Schwab Survey
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 that have limited their success, citing lack of support and limited autonomy.
Jun 14, 2018 11:45 am ET
Schwab Challenges Independent Advisors to Be Disruptive Forces in the Industry
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.
Jun 14, 2018 08:45 am ET
Schwab Reports Monthly Activity Highlights
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of May 2018 include:
Jun 12, 2018 08:00 am ET
Millennials are Mad for ETFs, Says New Schwab Study
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 the future. Looking ahead, nearly three quarters (74%) of Millennials surveyed expect to increase
Jun 05, 2018 09:00 am ET
Charles Schwab Ranked Highest by 401(k) Participants in J.D. Power Group Retirement Satisfaction Study
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.
Jun 01, 2018 09:00 am ET
Schwab Report: Self-Directed 401(k) Investors Favored Mutual Funds in First Quarter; Account Balances Up 23% Year-Over-Year
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
May 31, 2018 09:00 am ET
Charles Schwab Opens 50-Acre Campus in Austin Featuring Modern, Flexible and Open Concept Elements
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.
May 24, 2018 04:30 pm ET
Schwab Announces Redemption of Outstanding 2.20% Senior Notes Due 2018
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.
May 21, 2018 10:00 am ET
Schwab Volunteer Week Kicks Off Its 15th Year With Service to More Than 300 Nonprofits Nationwide
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.
May 15, 2018 07:31 pm ET
Schwab Declares Preferred Stock Dividend
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.
May 15, 2018 07:00 am ET
Most Americans Don’t Have a Financial Plan, and Many Think Their Wealth Doesn’t Deserve One
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.
May 14, 2018 08:45 am ET
Schwab Reports Monthly Activity Highlights
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of April 2018 include:
May 11, 2018 07:40 am ET
New Research: Key Drivers of Growth for E.W. Scripps, Switch, Realogy, The Charles Schwab, CenterPoint Energy, and Lexicon Pharmaceuticals — Factors of Influence, Major Initiatives and Sustained Produ
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of E.W. Scripps Company (NYSE:SSP), Switch, Inc. (NYSE:SWCH), Realogy...
May 03, 2018 11:30 am ET
Charles Schwab Creates Digital Accelerator Hubs in San Francisco and Austin
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.
May 03, 2018 09:30 am ET
Charles Schwab Creates Digital Accelerator Hubs in Austin and San Francisco
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.
Apr 24, 2018 12:00 pm ET
Schwab Intelligent Advisory™ Named Winner of a Celent 2018 Model Wealth Manager Award
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.
Apr 19, 2018 06:34 pm ET
Schwab Declares Common Stock Dividend and Declares Preferred Stock Dividends
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.
Apr 19, 2018 11:00 am ET
Boys & Girls Clubs of America and Charles Schwab Foundation Name Arianna Akinwunmi National “Money Matters” Ambassador for 2018
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
Apr 16, 2018 08:45 am ET
Schwab Reports Record Quarterly Net Income of $783 Million, Up 39%
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.
Apr 06, 2018 08:45 am ET
Schwab Announces Its Spring Business Update
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 Walt Bettinger, President & Chief Executive Officer and Peter Crawford, Executive Vice Presi
Mar 29, 2018 07:05 am ET
Charles Schwab Ranks Highest in J.D. Power Full Service Investor Satisfaction Study for Third Consecutive Year
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.
Mar 14, 2018 08:45 am ET
Schwab Reports Monthly Activity Highlights
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of February 2018 include:
Feb 28, 2018 08:30 am ET
Charles Schwab Investment Management Receives Three Lipper Fund Awards
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.
Feb 15, 2018 09:00 am ET
Most Workers View Equity Compensation as a Critical Tool for Building Long-Term Wealth, Finds New Schwab Study
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.
Feb 14, 2018 08:45 am ET
Schwab Reports Monthly Activity Highlights
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of January 2018 include:
Feb 07, 2018 08:00 am ET
Report: Developing Opportunities within Discovery Communications, Otonomy, Marinus Pharmaceuticals, Citizens Financial Group, Washington Prime Group, and The Charles Schwab — Future Expectations, Proj
NEW YORK, Feb. 07, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Discovery Communications, Inc. (NASDAQ:DISCK), Otonomy, Inc....
Jan 31, 2018 11:30 am ET
Sixty Percent of Retail Investors Feel Better off Financially Compared to a Year Ago According to the Latest Schwab Wealth Management Monitor
Charles Schwab today released its latest retail client behavior and sentiment report covering the second half of 2017.
Jan 25, 2018 05:24 pm ET
The Charles Schwab Corporation Anticipates Economic Strength in 2018
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 approximately one third, which reinforces our confidence in making ongoing investments in our business.”
Jan 22, 2018 11:00 am ET
Schwab Recognized in FORTUNE’s 2018 Top 50 World’s Most Admired Companies List
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.
Jan 17, 2018 08:45 am ET
Schwab Fourth Quarter Net Income of $597 Million Caps Record Year
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 $46 million decreased earnings per share by $0.03.
Jan 08, 2018 04:40 pm ET
Schwab Announces Redemption of Outstanding 1.500% Senior Notes Due 2018
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.
Jan 03, 2018 10:00 am ET
Schwab ETF OneSource™ Adds a Dozen New Commission-Free ETFs1
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-free ETF offerings.
Dec 22, 2017 04:20 pm ET
Schwab Posts CFO Commentary Regarding Tax Reform Impact to Company
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.
Dec 15, 2017 10:00 am ET
Charles Schwab Investment Management Announces Zero Capital Gains Distributions for Schwab ETFs™ for Eighth Consecutive Year
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
Dec 14, 2017 06:00 pm ET
Schwab Declares Preferred Stock Dividend
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 February 1, 2018, to stockholders of record at the close of business on January 17, 2018.
Dec 14, 2017 08:45 am ET
Schwab Reports Monthly Activity Highlights
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of November 2017 include:
Dec 11, 2017 10:00 am ET
Charles Schwab Investment Management Named a Best Place to Work by Pensions & Investments for Second Year Running
Charles Schwab Investment Management, Inc. (CSIM), an asset management arm of The Charles Schwab Corporation, announced that it has been named to Pensions & Investments’ sixth annual list of the Best Places to Work in Money Management for the second year in a row.
Dec 01, 2017 11:00 am ET
Schwab Expands Index Mutual Fund Lineup
Charles Schwab Investment Management (CSIM), an asset management arm of The Charles Schwab Corporation, today announced it is launching three new Schwab index mutual funds that will extend its existing low-cost index mutual fund lineup. The funds will be available for purchase on or about December 20, 2017.
Nov 16, 2017 09:45 am ET
Schwab Advisor Services Celebrates Recipients of the 2017 Impact Awards®
Schwab Advisor Services today announced the recipients of the 12th annual IMPACT Awards® for independent investment advisor firms. The IMPACT Awards recognize independent advisor firms that have advanced the industry through exemplary business practices. The winning firms are: Heritage Financial Services, LLC, Gurtin Municipal Bond Management, Mainstay Capital Management, LLC, and ABG Retirement Plan Services. Each was recognized on the main stage today at Schwab IMPACT®, the larges
Nov 16, 2017 08:10 am ET
Market Trends Toward New Normal in Discovery Communications, Otonomy, Marinus Pharmaceuticals, Citizens Financial Group, Washington Prime Group, and Charles Schwab — Emerging Consolidated Expectations
NEW YORK, Nov. 16, 2017 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Discovery Communications, Inc. (NASDAQ:DISCK), Otonomy, Inc....
Nov 15, 2017 12:45 pm ET
Schwab Advisor Services Marks Decade of Helping to Fuel the Talent Pipeline with Record Number of Student Attendees at Schwab IMPACT®
Schwab Advisor Services today announced that 74 students from financial planning programs at 13 different universities are participating in the annual IMPACT® conference. IMPACT is the largest and longest-running annual gathering of independent advisors in the nation. Over the past decade, Schwab has sponsored the attendance of more than 600 undergraduate students from 23 universities as part of its commitment to helping independent advisors attract and develop top emerging talent. The potential next-generation advisors will participa
Nov 15, 2017 09:45 am ET
Schwab Urges Independent Advisors to Embrace Broader Role in Helping Clients Navigate a Rapidly Changing World
Speaking today in front of a crowd of nearly 5,000 attendees at Schwab’s IMPACT® conference in Chicago, head of Advisor Services, Bernie Clark said that “an increasingly important part of your future role as advisors will be helping clients determine when to create change… and when to see aspects of change they might not be considering.” Clark evoked the healthcare industry, artificial intelligence and evolving workforce dynamics to illustrate that advisors must embrace a broader role in helping their clients navigate the forces
Nov 14, 2017 08:45 am ET
Schwab Reports Monthly Activity Highlights
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of October 2017 include:
Nov 08, 2017 09:00 am ET
Disciplined, Confident and a Little Stressed: Millennials Report Positive 401(k) Saving Behaviors in New Schwab Survey
New research from Schwab Retirement Plan Services, Inc. shows that, despite the financial challenges they face, Millennials are taking positive steps when it comes to their saving and investing habits, especially with their 401(k)s. Not only are Millennials focused on their financial future, but they are also open to professional assistance in managing their money in the present.
Nov 02, 2017 08:30 am ET
Accelerated Momentum in Advisors Turning Independent
Schwab Advisor Services today released its analysis of 2016 Securities Exchange Commission (SEC) registration data, which indicates that the number of advisors who entered the independent space – as registered investment advisors (RIAs) – showed strong momentum. According to the data, new registrations at the SEC level grew by 75 percent since 2012, from 114 new RIA firms to 199 new firms in 2016. Firms established in 2016 represent nearly $55 billion in assets under management (AUM).
Oct 31, 2017 04:12 pm ET
Schwab Announces Redemption of All Outstanding Depositary Shares Representing Interests in Its 6.00% Non-Cumulative Perpetual Preferred Stock, Series B
The Charles Schwab Corporation (the “Company”) today announced that it will redeem on December 1, 2017, all of the 485,000 outstanding shares of its 6.00% Non-Cumulative Perpetual Preferred Stock, Series B (“Series B Preferred Stock”), and the corresponding 19,400,000 depositary shares (“Depositary Shares”), each representing a 1/40th interest in a share of the Series B Preferred Stock. The Depositary Shares are currently traded on the New York Stock Exchange under the symbol SCHW PrB (CUSIP 808513204). The Depositary Shares will be r
Oct 25, 2017 09:17 am ET
Schwab Announces Depositary Shares Offering
The Charles Schwab Corporation (the “Company”) today announced an underwritten public offering of depositary shares, each representing a 1/100th interest in a share of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F, with a liquidation preference of $100,000 per share (equivalent to $1,000 per depositary share). The Company intends to use the net proceeds it receives from the sale of the depositary shares for general corporate purposes, which it expects will include redeeming the Series B Preferred Stock and the dep
Oct 19, 2017 05:44 pm ET
Schwab Declares Common Stock Dividend and Declares Preferred Stock Dividends
The Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.08 per common share. The dividend is payable November 24, 2017 to stockholders of record as of the close of business on November 10, 2017.
Oct 16, 2017 08:45 am ET
Schwab Reports Record Quarterly Net Income of $618 Million, Up 23%
The Charles Schwab Corporation announced today that its net income for the third quarter of 2017 was a record $618 million, up 7% from $575 million for the prior quarter, and up 23% from $503 million for the third quarter of 2016. Net income for the nine months ended September 30, 2017 was $1.8 billion, up 29% from the year-earlier period.
Oct 16, 2017 07:45 am ET
Schwab Advisor Services Debuts National Television Advertising on Behalf of Independent Financial Advisors
Schwab Advisor Services today launched a national television advertising campaign that supports independent financial advisors. Schwab’s “Independent Difference” TV spots begin airing in steady rotation today on CNBC and Fox Bus
Oct 13, 2017 09:00 am ET
Oct 09, 2017 11:00 am ET
Schwab Launches New StreetSmart Central™ and StreetSmart Mobile™ Trading Platforms, Marks Completion of optionsXpress Integration
Charles Schwab today announced the launch of new web and mobile trading platforms that embed the powerful and easy-to-use derivatives trading experience of optionsXpress into Schwab’s trader offering. In conjunction with the debut of this new experience for traders at Schwab, all optionsXpress accounts have migrated to Schwab.
Oct 06, 2017 08:45 am ET
Schwab Announces Its Fall Business Update
The Charles Schwab Corporation announced today that it has scheduled a Fall Business Update for institutional investors on Friday, October 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 Walt Bettinger, President & Chief Executive Officer, and Peter Crawford, Executive Vice President & Chi
Oct 05, 2017 11:00 am ET
Schwab Unveils the Schwab 1000 Index® ETF
Charles Schwab Investment Management (CSIM), an asset management arm of The Charles Schwab Corporation, today announced it is launching the Schwab 1000 Index ETF (SCHK) – a new low-cost way to gain exposure to the potential growth of America’s largest 1,000 stocks. The new ETF will begin trading on October 11, 2017, and will be immediately available through Schwab’s commission-free ETF program – Schwab ETF OneSource™.1
Apr 18, 2017 10:31 am ET
DISH Network, eBay, Marathon Oil Corporation, Qualcomm, and Charles Schwab and more offer option-trading opportunities that offer returns of more than 23%
CHICAGO, April 18, 2017 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for DISH, EBAY, MRO, QCOM, and SCHW....
Mar 28, 2017 10:31 am ET
InvestorsObserver releases covered-call reports for Facebook, Morgan Stanley, Charles Schwab, Snap Inc. and Teck Resources Ltd
CHICAGO, March 28, 2017 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for FB, MS, SCHW, SNAP, and TECK....
Mar 01, 2017 09:31 am ET
InvestorsObserver releases covered-call reports for Alcoa, Endo International, Netflix, Charles Schwab and Zayo Group Holdings Inc.
CHICAGO, March 1, 2017 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AA, ENDP, NFLX, SCHW, and ZAYO....
Feb 03, 2017 09:31 am ET
Newly released option reports for Boston Scientific Corporation, Cirrus Logic, Merck & Company Incorporated, Charles Schwab and Wells Fargo & Co.
CHICAGO, Feb. 3, 2017 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for BSX, CRUS, MRK, SCHW, and WFC....
Jan 26, 2017 08:21 am ET
SCHW Employee Alert: Law Firm Johnson & Weaver, LLP Announces Investigation of The Charles Schwab Corporation; Encourages Former and Current Employees to Contact the Firm
SAN DIEGO, Jan. 26, 2017 /PRNewswire/ -- Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential violations of the Employee Retirement Income Security Act of 1974 by The Charles Schwab Corporation (NYSE: SCHW)....
Dec 20, 2016 12:01 pm ET
Investors: Trade ideas for Alcoa, Macy's Incorporated, Nike, NVIDIA and Charles Schwab that offer returns of 21% or more!
CHICAGO, Dec. 20, 2016 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AA, M, NKE, NVDA, and SCHW....