Welcome to our dedicated page for Schwab (CHARLES) (The) news (Ticker: SCHW), a resource for investors and traders seeking the latest updates and insights on Schwab (CHARLES) (The) stock.
Charles Schwab Corporation (NYSE: SCHW) is a leading provider of wealth management, brokerage, and banking services to individual investors and institutions. This dedicated news hub delivers timely updates on the company’s strategic initiatives, financial performance, and market developments.
Investors and analysts rely on this resource for verified SCHW press releases, earnings reports, and curated news coverage. Track material events including dividend announcements, regulatory filings, leadership changes, and product launches—all centralized for efficient research.
The page organizes updates into key categories such as quarterly earnings disclosures, merger & acquisition activity, corporate governance updates, and service expansions. Each entry provides direct access to primary sources and contextual analysis.
Bookmark this page to monitor how Schwab’s hybrid advisory-digital model adapts to evolving markets. Check regularly for developments impacting the brokerage sector and SCHW’s competitive positioning in financial services.
Dynasty Financial Partners has successfully completed a minority private capital raise, bringing in Abry Partners and The Charles Schwab Corporation as new investors. This round of funding, which includes additional contributions from existing investors, aims to enhance Dynasty's technology, services, and client investment solutions. The firm plans to utilize the capital for technology investments, expanding its turnkey asset management program, and attracting key talent. Dynasty also intends to pursue strategic acquisitions and liquidity for longtime shareholders. Additionally, they will withdraw their SEC Form S-1 registration statement.
Schwab Asset Management, a prominent player in the ETF market with over $260 billion in assets, announced there will be no capital gains distributions for its 29 ETFs for the 2022 tax year. This move reinforces its commitment to tax efficiency and low fees for investors, as highlighted by Managing Director David Botset. With approximately $614.1 billion under discretionary management as of September 30, 2022, Schwab continues to prioritize investor needs and deliver exceptional investment experiences.
The Charles Schwab Corporation announced its Monthly Activity Report for November 2022, highlighting core net new assets of $33.1 billion from new and existing clients. Excluding mutual fund clearing, net new assets reached $35.0 billion. Total client assets stood at $7.32 trillion, reflecting an 8% decline from November 2021 but a 5% increase from October 2022. Client cash represented 11.5% of total assets, an increase from 10.5% in November 2021 and a decrease from 12.2% in October 2022.
The Charles Schwab Corporation's Monthly Activity Report for October 2022 highlights a core net new asset influx of $42.0 billion from clients. Excluding mutual fund clearing, net new assets were $33.9 billion. Total client assets stood at $7.00 trillion, reflecting a 12% decrease year-over-year but a 5% increase month-over-month. Average interest-earning assets were $552.6 billion, down 4% year-over-year and 3% from September 2022, aligning with full-year expectations.
Charles Schwab celebrated the one-year anniversary of its financial literacy program, Moneywise America™, by hosting 220 students from Uplift Education in Westlake, Texas. The event featured a $1,000 scholarship for each student, totaling $220,000 for scholarships. Additionally, grants included $220,000 for in-school financial education, $100,000 to Donors Choose for teacher projects, and $25,000 to The Players Company for financial literacy initiatives. Carrie Schwab-Pomerantz emphasized the importance of financial education for improving college access and financial stability.
Charles Schwab announced hosting the Charles Schwab Cup Championship, concluding the PGA TOUR Champions season, from November 9-13, 2022 at Phoenix Country Club. The championship includes a waived fee for Schwab Wealth Advisory for the ten-year winner. Since 2017, the event has raised over $500,000 for local charities in Arizona. Additionally, Schwab partners with the On Course Foundation to support veterans during golf training events. The Charles Schwab Corporation boasts $6.64 trillion in client assets, serving 33.9 million brokerage accounts.
Schwab Advisor Services is enhancing its RIAConnect platform to better support firms using Schwab and TD Ameritrade. This initiative aims to facilitate connections regarding M&A, talent acquisition, and succession planning. With over 1,000 firms already registered, the platform has seen more than 11,000 messages exchanged. The upgrade includes an algorithm for matching firms with similar goals and allows prospective talent to explore job opportunities more easily. Additionally, the Schwab Affinity Services program offers curated third-party providers to assist firms.
Charles Schwab continues to expand its Independent Difference campaign, emphasizing the advantages of independent registered investment advisors (RIAs) for high-net-worth investors. The initiative has generated over 2 billion ad impressions and attracted 3 million visitors to the education website. The advisor directory now includes firms custodying with TD Ameritrade, offering over 2,300 RIAs for investor searches. The campaign highlights personalized service and competitive fees, aiming to clarify the differences between independent advisors and traditional brokers.
The Charles Schwab Corporation has appointed Carrie Schwab-Pomerantz as a new director effective immediately. She is a managing director at Charles Schwab & Co. and a personal finance expert. Schwab-Pomerantz has a long history with the firm, joining in 1983, and has previously held key roles, including board chair positions at the Charles Schwab Foundation and Schwab Charitable. She will serve on the Board’s Risk Committee and retire from her executive role in 2023. This leadership change may enhance the firm's focus on financial literacy and community service.
