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Schwab to Again Host the Charles Schwab Cup Championship at Phoenix Country Club, Its 19th Year as Sponsor of the Event
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
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Rhea-AI Summary
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.
Positive
Hosting the prestigious Charles Schwab Cup Championship enhances brand visibility and community engagement.
The waived fee for Schwab Wealth Advisory for 10 years could attract new clients to the service.
Partnership with On Course Foundation demonstrates corporate social responsibility and support for veterans.
Negative
None.
Will also host ‘On Course Foundation’ Golf Training Event For Veterans
WESTLAKE, Texas--(BUSINESS WIRE)--
Charles Schwab today announced that the company will again host the Charles Schwab Cup Championship, the final event of the PGA TOUR Champions season that culminates with the top 36 players competing in a four-round tournament at Phoenix Country Club. In addition to this year’s champion’s trophy and prize money, Schwab will offer to waive the program fee for the company’s premiere wealth management solution, Schwab Wealth Advisory™, for ten years to the winner.1 The Charles Schwab Cup Championship takes place November 9-13, 2022.
Established in 1990 and formerly known as the Senior Tour Championship, the Charles Schwab Cup Championship is the final event of the season on the PGA TOUR Champions, the leading golf tour for male professionals 50 years and older. The tournament has been held at Phoenix Country Club since 2017. Charles Schwab Cup Championship also continues with its history of giving back to local communities as the tournament helps generate over $500,000 for charities throughout the state of Arizona.
“We are deeply proud of our long-standing partnership with the PGA TOUR Champions that honors many of the most experienced professional golfers in the sport,” said Walt Bettinger, Co-Chairman of the Board and Chief Executive Officer of Charles Schwab. Bettinger added, “As title sponsor of the tournament since 2003 and a major employer in Phoenix, it has been gratifying for our company to be a part of what this event brings to the greater Phoenix community through charitable fundraising, including our support of injured veterans though our partnership with the On Course Foundation.”
This year’s champion’s prize will include an offer through Schwab Wealth Advisory (SWA), a comprehensive wealth management solution unique in its support of clients who want to stay involved in the management of their portfolios. This personalized experience provides clients with a one-on-one relationship with an experienced wealth advisor and specialists who deliver investment management, financial planning, retirement planning, education planning, and more.
Schwab Expands On Course Foundation Partnership with Veterans Golf Skills Event
As part of the tournament week, Schwab will host an event in partnership with the On Course Foundation, an organization dedicated to helping injured and disabled veterans build confidence through the sport of golf. On Monday, November 7, at Phoenix Country Club, ten selected U.S. military veterans will have the opportunity to attend a golf clinic on the course’s driving range to work directly with golf professionals and develop their skill set while accommodating the injuries they endured while serving their country. During the Charles Schwab Cup Championship tournament, the veterans will also volunteer and support operations of the tournament as part of the work experience aspect of the On Course Foundation’s program. A film about the organization was commissioned by Schwab early in 2022.
The global On Course Foundation helps wounded, injured and sick military veterans use golf to facilitate their transitions back into society. Vets are educated on the many facets of embarking on a career in golf with full-time job placements at Callaway, ClubCorp, Marriott Vacations, TaylorMade, Topgolf, and other golf companies, golf courses, clubs and resorts. On Course Foundation’s pinnacle event is the annual Simpson Cup that pits 13-person teams from the U.S. and U.K. against one another in Ryder Cup-style matches with many competitors amazingly sporting low single-digit handicaps.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 33.9 million active brokerage accounts, 2.3 million corporate retirement plan participants, 1.7 million banking accounts, and $6.64 trillion in client assets. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiaries, Charles Schwab & Co., Inc., TD Ameritrade, Inc., and TD Ameritrade Clearing, Inc., (members SIPC, https://www.sipc.org), and their 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 Schwab Advisor Services. Its primary banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at https://www.aboutschwab.com.
TD Ameritrade, Inc. and TD Ameritrade Clearing, Inc. are separate but affiliated companies and subsidiaries of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank.
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1 If the winner decides to enroll in Schwab Wealth Advisory (SWA), Schwab will waive the SWA program fee for all enrolled accounts for ten years, subject to applicable terms and conditions
