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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.

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.

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.

The Charles Schwab Corporation (NYSE: SCHW) declared a quarterly cash dividend of $0.22 per common share, payable on November 25, 2022, with a record date of November 11, 2022. Additionally, dividends on several series of preferred stock were announced, with payments scheduled for December 1, 2022. The company has 33.9 million active brokerage accounts and $6.64 trillion in client assets, reflecting its significant position in the financial services sector.

According to a survey by Schwab Retirement Plan Services, younger workers are diversifying their retirement savings beyond traditional 401(k)s. While 401(k)s remain vital, Gen Z and Millennials are increasingly investing in assets like cryptocurrency, real estate, and small businesses. Only 37% of Gen Z’s first investing experience was through a 401(k). Many young workers desire more investment options in their retirement plans, including ESG and fractional shares. Despite concerns about rising costs, over 90% of younger workers feel optimistic about achieving their retirement goals.