Research

Schwab-sponsored research provides insight on investor trends, consumer finance, independent investment advisors, retirement, and other timely issues.

Latest Research

Q4 2022 Retail Client Sentiment Report, November 2022

Schwab released its Q4 Retail Client Sentiment Report, fielded in October 2022, which shows that the majority of Schwab retail clients remain bearish on the U.S. stock market amid concerns about rising inflation and the potential of a recession. In fact, more than 90 percent of retail clients believe a recession is likely, with most predicting it will officially happen in the first half of 2023 or sooner. Still, clients remain engaged—they’re doing more research and taking advantage of investor education resources, and nearly 90 percent remain confident in reaching their financial goals. The report is based on a survey of more than 800 Schwab retail clients.

Media Contact: Hibah Shariff

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Q4 2022 Trader Client Sentiment Report, November 2022

The latest Charles Schwab Trader Client Sentiment Survey reveals that nearly 60% of traders say it feels like the U.S. is in an economic recession or will be by the end of 2022. Most (55%) say it will last less than one year, but 45% say it will last longer than that. While traders have a predominantly bearish outlook for the U.S. stock market over the next few months, they are confident in their ability to navigate the environment and 91% of traders feel they will reach their financial goals. Still, more than four in 10 traders (42%) are taking on less risk in the current environment.

Media Contact: Margaret Farrell

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2022 401(k) Participant Survey Part II, October 2022

Young workers are relying on more than their 401(k)s to save for retirement as other types of investments play a greater role in their long-term wealth plans, according to the annual nationwide survey of 401(k) plan participants from Schwab Retirement Plan Services. While the 401(k) remains the top retirement savings vehicle for today’s workers overall, Gen Z and Millennial workers are more likely to also invest in cryptocurrency, real estate, annuities, and small businesses, unlike older generations.

Media Contact: Mike Peterson

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VIEW THE DETAILED FINDINGS 

 

2022 Schwab Asset Management ETF Survey, September 2022

Schwab Asset Management, which has studied the attitudes and activity of ETF investors for more than a decade, found that ETF investors continue to view ETFs as a key part of their portfolios, with 80% saying ETFs are their vehicle of choice. ETFs now make up 33% of ETF investor portfolios. ETF investors have continued investing in ETFs despite this year’s turbulent markets and foresee the product making up a larger share of their portfolios in the future. At the same time, they are also interested in exploring investing options that allow them to personalize their portfolios. 2,000 individual investors participated in this year’s survey, 1,000 of whom have bought or sold ETFs in the past two years and 1,000 of whom have not bought or sold ETFs within the past two years.

Media Contact: Christine Hudacko

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Q3 2022 Retail Client Sentiment Report, August 2022

Schwab released its Q3 Retail Client Sentiment Report, fielded at the beginning of July 2022, which shows that the majority of Schwab retail clients were bearish on the U.S. stock market. At the same time, 51% of retail investors believed it was a good time to invest, an increase of 10% from Q2 2022. Despite bearish sentiment, almost 60% of Schwab retail clients reported that they were holding steady with their current asset allocation, and only 7% of respondents said they would take money out of their investment portfolios in the next three months. The report is based on a survey of more than 1,300 Schwab retail clients.

Media Contact: Meredith Richard

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Q3 2022 Trader Client Sentiment Report, August 2022

The latest Charles Schwab Trader Client Sentiment Survey reveals that nine in 10 traders see a U.S. economic recession as somewhat to highly likely and 74% anticipate it will begin this year. The potential of a recession is now the primary concern for 18% of traders, up 6% from the previous quarter. However, a strong majority (69%) expect that a recession would last a year or less and only one in five are moving money out of the stock market to hedge against a continued down market or recession. Many traders also plan to add money to their portfolios at the same rate as last quarter (40%) and most say they are taking the same or slightly less risk in Q3 (59%).

Media Contact: Margaret Farrell

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2022 401(k) Participant Survey, July 2022

Inflation is now the top obstacle to saving for a comfortable retirement, according to a new survey from Schwab Retirement Plan Services. The annual nationwide survey of 401(k) plan participants finds that workers rank inflation (45%) ahead of other obstacles including keeping up with monthly expenses (35%), stock market volatility (33%), and unexpected expenses (33%). Workers believe they’ll need to save an average of $1.7 million for retirement, down from $1.9 million reported in last year’s survey, and just under half (47%) feel they are very likely to reach their retirement savings goal.

Media Contact: Mike Peterson

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SEE THE HIGHLIGHTS
VIEW THE DETAILED FINDINGS 

 

2022 RIA Benchmarking Study, July 2022

Now in its sixteenth year, the RIA Benchmarking Study by Schwab Advisor Services is the leading study of its kind in the RIA industry. Talent continues to be top of mind for independent advisory firms and it will continue to be one of the most prominent issues for the industry going forward. This year’s study highlights growth and business performance and how talent will be a top strategic priority to continue momentum for RIA firms. More than 1,200 independent advisor firms representing over $1.8 trillion in AUM participated in this year’s study.

Media Contact: Kristin Meza

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Q2 2022 Retail Client Sentiment Report, May 2022

Schwab released its Q2 2022 Retail Client Sentiment Report, which shows that more than half (57%) of respondents have a bearish outlook on the U.S. stock market for the second quarter of 2022, an increase of 29% from the same time last year. Just over a quarter (26%) are bullish about the second quarter, down 28% from the same time last year. However, more than half (55%) of Schwab’s retail clients report that they don’t plan to change the level of risk they are taking in their investment portfolios in Q2, and only nine percent of respondents say they will take money out of their investment portfolios in the coming months. The report is based on a survey of more than 1,000 Schwab retail clients.

Media Contact: Meredith Richard

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Modern Wealth Survey, May 2022

Almost three-quarters of Americans (73%) say their personal values guide how they make life decisions more today than they did two years ago, and nearly an equal number (69%) say that supporting causes they care most about are a top consideration when it comes to their financial decisions, according to Schwab’s sixth annual Modern Wealth Survey, an examination of how Americans think about saving, spending, investing and wealth.

Media Contact: Hibah Shariff

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FACT SHEETS:
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View the Chicago fact sheet
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View the Denver fact sheet
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View the Washington, D.C. fact sheet

 

Q2 2022 Trader Client Sentiment Report, May 2022

The latest Charles Schwab Trader Sentiment Survey reveals that more than half (53%) of traders say the market is due for a significant correction in the second quarter of 2022, and fewer than a third (30%) think the market will perform well. Six in 10 (61%) traders remain confident in their investment decision-making, although less than half (43%) feel it’s a good time to invest in equities. Chief among traders’ concerns are inflation and the geopolitical landscape, and they’re taking specific actions to hedge against both. While most traders (68%) expect sooner relief, nearly one third (32%) of traders don’t expect inflation to ease until 2024 at the earliest.

Media Contact: Margaret Farrell

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Retirement Reimagined Study, April 2022

Millennials have an evolving vision of retirement, different from previous generations, according to Schwab’s new Retirement Reimagined Study that uses advanced predictive modeling techniques to forecast key differences in how Millennials, Gen X and Boomers will approach saving for and living in retirement. The first of its kind study also projects four distinct retirement personas that Millennials could fall into as many of them transition to retirement around 2050.

Media Contact: Hibah Shariff

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VIEW THE SURVEY FINDINGS

 

Ariel-Schwab 2022 Black Investor Survey, April 2022

The results of the 2022 Ariel-Schwab Black Investor Survey reveal investor participation is at historic lows for both Black and white Americans. For  24 years, Ariel Investments and Charles Schwab have studied the investing and saving attitudes and behaviors of Black and white Americans.

Media Contact: Stephanie Corns

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VIEW THE SURVEY FINDINGS

 

Q1 2022 Retail Client Sentiment Report, February 2022

Schwab released its Q1 2022 Retail Client Sentiment Report, which shows that investors are divided on stock market sentiment, although the majority feel better off financially compared to a year ago and most remain confident that they will reach their overall financial goals. Clients are most bullish on the healthcare sector, followed by energy and information technology. The report is based on a survey of more than 1,000 Schwab retail clients.

Media Contact: Meredith Richard

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Q1 2022 Trader Client Sentiment Report, February 2022

The latest Charles Schwab Trader Sentiment Survey reveals that bulls outnumber bears among active traders, with 46% reporting a bullish outlook for the U.S. stock market for the first three months of the year compared with 39% who are bearish. But nearly nine out of ten (88%) traders are concerned about inflation and many are taking action to hedge against it. At the sector level, traders are most bullish on Energy (63%), Finance (57%), and Health Care (54%) and most bearish on Information Technology (38%), Real Estate (37%), and Consumer Discretionary (31%).

Media Contact: Margaret Farrell

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2021 RIA Compensation Report, February 2022

Schwab Advisor Services’ RIA Compensation Report reflects responses from the annual RIA Benchmarking Study and offers a comprehensive look at compensation practices in the independent financial advice industry. A total of 1,036 firms participated in the compensation portion in 2021, representing over three-quarters of those who participated in the overall study (1,340 firms).

Media Contact: Meredith Richard

VIEW THE REPORT

 

Independent Advisor Outlook Study, January 2022

Schwab Advisor Services’ current Independent Advisor Outlook Study (IAOS) provides a snapshot on growth for firms, clients and managing talent.

Media Contact: Meredith Richard

READ THE RESULTS
VIEW THE FINDINGS 

2021 Research

Q4 2021 Retail Client Sentiment Report, November 2021

Schwab released its Q4 2021 Retail Client Sentiment Report, which shows that bears are outrunning the bulls for the first time in a year, and retail investor clients are increasingly cautious about investing. But there is overall economic optimism and clients are beginning to return to normal living and spending behaviors after the last year and a half. The report is based on a survey of more than 1,500 Schwab retail clients.

Media Contact: Hibah Shariff

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RIA Industry M&A: Behind the Numbers, October 2021

Almost $160 billion in total AUM has been acquired in the first six months of this year, an increase of 19% over 2020 and 23% over 2019. The transaction data alone only tells part of the story, however. Behind the numbers, M&A is a very human endeavor. This report features perspectives from buyers and sellers in five recent transactions for a closer look at what is happening beyond the data.

Media Contact: Meredith Richard

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2021 Assets in Motion Report, October 2021

This new study from Charles Schwab analyzes the movement to independence as well as RIA industry mergers and acquisitions.

Media Contact: Meredith Richard

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Digital Investing & Technology Survey, September 2021

COVID-19 has accelerated the adoption of technology across many aspects of life, from virtual birthday parties to appointments with financial advisors by video chat, according to a new study by Charles Schwab. Schwab’s Investing and Technology Survey 2021 uncovers how the pandemic has fundamentally shifted the way investors manage their money and other financial activities.

Media Contact: Marianne Ahlmann

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VIEW THE FINDINGS 

 

2021 401(k) Participant Survey Part II – Meet the Gen Z 401(k) Participant, September 2021

Stress about finances has had an outsized impact on the ability of Gen Z and Millennials to do their jobs during the pandemic, according to the annual nationwide survey of 401(k) plan participants from Schwab Retirement Plan Services. Almost half of Gen Z workers (44%) and 38% of Millennials reported that financial stress impacted their ability to do their jobs this past year, compared to 24% of all workers.

Media Contact: Mike Peterson

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Q3 2021 Retail Client Sentiment Report, August 2021

Schwab released its Q3 2021 Retail Client Sentiment Report, which shows that bullish market sentiment is beginning to soften, particularly among retired investors, but remains near last quarter’s all-tie high. Worries about a looming correction and volatility are top concerns among investors. The report is based on a survey of nearly 1,000 Schwab retail clients.

Media Contact: Hibah Shariff

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2021 RIA Benchmarking Study, July 2021

The RIA Benchmarking Study by Schwab Advisor Services is the leading study of its kind in the RIA industry. The study features insights based on self-reported information on topics such as asset and revenue growth, sources of new clients, products and pricing, staffing, compensation, marketing, technology, and financial performance. Now in its fifteenth year, more than 1,300 independent advisor firms representing over $1.5 trillion in AUM participated in this year’s study.

Media Contact: Meredith Richard

VIEW THE DECK
VIEW INSIGHTS FOR FIRMS UP TO $100M IN ASSETS
VIEW INSIGHTS FOR FIRMS OVER $1B IN ASSETS

 

2021 401(k) Participant Survey, June 2021

Workers’ confidence about achieving retirement goals has risen sharply since last year according to a new survey from Schwab Retirement Plan Services, and so has their appetite for financial advice. The annual nationwide survey of 401(k) plan participants finds that more than half (53%) say they are very likely to achieve their retirement goals, compared to 37% in 2020. On average, plan participants in 2021 believe they need to save $1.9 million for retirement, the same amount as in 2020. Ninety-one percent say their financial health is very good or pretty good.

Media Contact: Mike Peterson

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VIEW THE FINDINGS 

 

Independent Advisor Outlook Study, June 2021

Schwab Advisor Services’ current Independent Advisor Outlook Study (IAOS) provides a snapshot on the outlook for industry and firm growth, a look into the new realities for firms post-COVID, and insight into how advisors view innovation.

Media Contact: Meredith Richard

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VIEW THE FINDINGS 

 

Q2 2021 Retail Client Sentiment Report, May 2021

Schwab released its Q2 2021 Retail Client Sentiment Report, which shows that client outlook on the U.S. stock market continues to be bullish. Market and economic worries overtake COVID-19 and the political climate as biggest investor concerns. The report is based on a survey of nearly 1,000 Schwab retail clients.

Media Contact: Marianne Ahlmann

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Modern Wealth Survey, May 2021

As vaccination rates rise and restrictions ease across the country, a majority of Americans feel optimistic about the state of the United States overall, including the economy, the stock market and their personal financial prospects, according to Schwab’s 2021 Modern Wealth Survey, an annual examination of how 1,000 Americans think about saving, spending, investing and wealth.

Media Contact: Hibah Shariff

READ THE PRESS RELEASE
VIEW THE REPORT

FACTSHEETS:
View the Boston factsheet
View the Chicago factsheet
View the Dallas factsheet
View the Denver factsheet
View the Houston factsheet
View the Los Angeles/Orange County factsheet
View the New York City factsheet
View the Phoenix factsheet
View the San Francisco Bay Area factsheet
View the Seattle factsheet
View the Southwest Florida factsheet
View the Washington, D.C. factsheet

 

Generation Investor Study, April 2021

Amidst a global pandemic, economic uncertainties and market volatility, a new generation of investors was born: 15 percent of all current U.S. stock market investors say they first began investing in 2020, according to a new Schwab survey. And they’re not all young and focused on the next hot stock. Looking ahead, these new investors are more bullish about their financial prospects and the market than those who began investing before 2020, and they’re ready to invest and plan for their futures.

Media Contact: Hibah Shariff

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2020 ETF Investor Study, March 2021

ETF investors surveyed see the share of ETFs in their portfolios growing to 38% over the next five years, up from 29% today. Nearly all ETF investors (94%) say they are likely to purchase ETFs in the next two years. Notably, nearly half of the non-ETF investors surveyed (45%) say they are likely to purchase ETFs in the next two years.

Media Contact: Erin Montgomery

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VIEW THE REPORT

 

2020 RIA Compensation Report, February 2021

Schwab Advisor Services’ RIA Compensation Report reflects responses from the annual RIA Benchmarking Study and offers a comprehensive look at compensation practices in the independent financial advice industry. A total of 761 firms participated in the compensation portion in 2020, representing three-quarters of those who participated in the overall study (1,010 firms).

Media Contact: Meredith Richard

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Ariel-Schwab 2020 Black Investor Survey, February 2021

The results of the 2020 Ariel-Schwab Black Investor Survey reveal that Black Americans are not benefitting from stock market growth at the same rate as white Americans at similar income levels. For more than 20 years, the Ariel-Schwab Black Investor Survey has compared attitudes and behaviors on saving and investing among Black and white Americans. 

Media Contact: Stephanie Corns

READ THE PRESS RELEASE
VIEW THE SURVEY FINDINGS
VIEW GENDER-RACE SURVEY FINDINGS
VIEW HISTORICAL SURVEY DATA

 

Schwab RIA Industry Transactions Research for Second Half of 2020, February 2021

M&A volumes bounced back in the second half of 2020, and equity valuations continued to rise. Despite the pandemic and market volatility, 2020 saw the largest average M&A deal size on record.

Media Contact: Meredith Richard

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Q1 2021 Retail Client Sentiment Report, February 2021

Schwab released its Q1 2021 Retail Client Sentiment Report, which shows that client outlook on the U.S. stock market is bullish. Top concerns around investing include COVID-19 and the political landscape. The report is based on a survey of nearly 1,000 Schwab retail clients.

Media Contact: Marianne Ahlmann

VIEW THE FINDINGS 

 

2020 Research

2020 Robo Investor Snapshot, November 2020

Schwab released its 2020 Robo Investor Snapshot which reveals Schwab robo client trends around planning, volatility, and portfolio actions.

Media Contact: Marianne Ahlmann

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Q4 2020 Retail Client Sentiment Report, November 2020

Schwab released its Q4 2020 Retail Client Sentiment Report, which shows that client outlook on the U.S. stock market remains bearish. Top concerns around investing include the 2020 election and COVID-19. The report is based on a survey of nearly 1,000 Schwab retail clients.

Media Contact: Marianne Ahlmann

VIEW THE SURVEY FINDINGS 

 

Independent Advisor Outlook Study, Part II, October 2020

In 2020, independent advisors have experienced challenges in the face of the COVID-19 pandemic. But they remain confident in the success of their firms, and in the industry’s continued long-term growth. Find out more in the results from the latest Independent Advisor Outlook Study (IAOS).

Media Contact: Meredith Richard

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VIEW THE FINDINGS 

 

Schwab RIA Industry Transactions Research for First Half of 2020, October 2020

Deal volumes dropped sharply in March, April, and May, but started to rebound in June.

Media Contact: Meredith Richard

VIEW THE FINDINGS 

 

2020 Equity Compensation Survey, October 2020

New research from Schwab Stock Plan Services shows the impact of the COVID-19 pandemic on equity compensation plan participants’ decisions. The survey finds that of those who recently exercised or sold equity compensation, two-thirds (67%) were influenced by the market volatility and economic downturn related to the pandemic. The survey also finds that almost two in five (39%) survey respondents say that they are more likely to need financial advice due to the pandemic.

Media Contact: Mike Peterson

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VIEW THE RESULTS  

 

Independent Advisor Outlook Study, October 2020

Schwab Advisor Services released the results of the 28th Wave of its Independent Advisor Outlook Study (IAOS), which reflects responses from 942 registered investment advisors (RIAs) whose assets are custodied with Schwab.

Media Contact: Rob Farmer

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VIEW SURVEY FINDINGS

 

2020 Modern Retirement Survey, October 2020

Amidst a global pandemic, economic uncertainties and an election looming, Boomers invested for retirement are confident that they will still enjoy their golden years. According to the Charles Schwab 2020 Modern Retirement Survey, more than 80 percent of both those who have retired and those who are soon-to-retire are satisfied or confident their lifestyle will be everything that they envision.

Media Contact: Hibah Shariff

READ THE PRESS RELEASE
READ THE PRESS RELEASE – VETERAN RESPONDENTS
VIEW SURVEY FINDINGS

 

2020 401(k) Participant Survey Part II – Retirement Saving and Spending, September 2020

The area where 401(k) participants say they could most use help is understanding how much they’ll need to save for retirement, according to a nationwide survey of 1,000 401(k) plan participants from Schwab Retirement Plan Services. Over two thirds (68%) of participants gave an estimate of how long their retirement savings will last, with the average being 24 years. The remaining 32% say they do not know how many years their retirement savings might last, and the level of uncertainty is higher among women (40%) than men (25%).

Media Contact: Mike Peterson

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VIEW THE RESULTS  

 

Q3 2020 Retail Client Sentiment Report, September 2020

Schwab released its Q3 2020 Retail Client Sentiment Report, which shows that client outlook on the U.S. stock market is increasingly bearish. COVID-19 and the 2020 election are the leading client concerns about investing. The report is based on a survey of nearly 800 Schwab retail clients.

Media Contact: Marianne Ahlmann

VIEW THE SURVEY FINDINGS 

 

2020 401(k) Participant Survey, August 2020

Anxiety about long-term retirement savings is up according to a new survey from Schwab Retirement Plan Services, and so is participant engagement. The nationwide survey of 1,000 currently employed 401(k) plan participants finds that saving enough for a comfortable retirement continues to be their leading source of significant financial stress. On average, these 401(k) participants believe they need to save $1.9 million for retirement, an increase of 12% from the $1.7 million reported in 2019. Two in five participants also say they made a change to their 401(k) account due to COVID-19, citing rebalancing and increasing contribution rates as the most common changes.

Media Contact: Mike Peterson

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VIEW THE RESULTS  

 

2020 RIA Benchmarking Study, July 2020

The RIA Benchmarking Study by Schwab Advisor Services is the leading study of its kind in the RIA industry. The study features insights based on self-reported information on topics such as asset and revenue growth, sources of new clients, products and pricing, staffing, compensation, marketing, technology, and financial performance. Now in its fourteenth year, more than 1,000 independent advisor firms representing over a trillion dollars in AUM participated in this year’s study.

Media Contact: Meredith Richard

VIEW THE DECK 
VIEW THE DECK (FIRMS WITH UP TO $100M AUM)
VIEW THE DECK (FIRMS WITH $1B OR MORE IN AUM)
VIEW THE INTERACTIVE DATA VISUALIZATION

 

Modern Wealth Survey, July 2020

According to Charles Schwab’s 2020 Modern Wealth Survey, an annual examination of perspectives on saving, spending, investing and wealth, 57 percent of Americans say that they or a close family member have been financially impacted by COVID-19, but at the same time, there are some silver linings when it comes to people’s financial behaviors. Thirty-six percent of Americans say they are more likely to have savings to cover emergency expenses, and 40 percent say they are more likely to be saving more in general compared to before the pandemic outbreak in the U.S.

Media Contact: Marianne Ahlmann

READ THE PRESS RELEASE 
VIEW LOS ANGELES FACT SHEET 
VIEW WASHINGTON, D.C. FACT SHEET 
VIEW PHOENIX FACT SHEET 

 

Schwab RIA Industry Transactions Research for Year-End 2019, March 2020

The RIA Industry saw record-setting M&A volume, with 106 deals completed in 2019.

Media Contact: Meredith Richard

VIEW THE FINDINGS

 

Schwab RIA Compensation Report, February 2020

Schwab Advisor Services’ RIA Compensation Report reflects responses from the annual RIA Benchmarking Study and offers a comprehensive look at compensation practices in the independent financial advice industry. A total of 984 firms participated in the compensation portion, representing three-quarters of those who participated in the overall study (1,310 firms).

Media Contact: Meredith Richard

VIEW THE REPORT

2019 Research

Equity Compensation Plan Participant Survey, November 2019

According to new research from Schwab Stock Plan Services, the average vested value of U.S. workers’ equity compensation is $97,711 and the average total value of their equity compensation is $149,835. The study, which examines the attitudes and behaviors of 1,000 equity compensation plan participants who currently receive incentive stock options or restricted stock awards and/or participate in employee stock purchase plans (ESPPs), finds that 41% of respondents have exercised or sold at least some of their equity compensation during their career.

Media Contact: Mike Peterson

READ THE PRESS RELEASE  
VIEW THE RESULTS  

 

Owning the Future of Independent Advice, November 2019

Schwab Advisor Services interviewed 11 of the Executive Leadership Program’s distinguished alumni to discuss challenges and opportunities in the RIA industry and to understand how they are leading their firms to continued success.

Media Contact: Meredith Richard

VIEW THE REPORT

 

Independent Advisor Outlook Study, November 2019

Schwab Advisor Services released the results of the 27th Wave of its Independent Advisor Outlook Study (IAOS), which reflects responses from 942 registered investment advisors (RIAs) whose assets are custodied with Schwab.

Media Contact: Rob Farmer

VIEW THE RESULTS

 

Schwab RIA Industry Transactions Research for First Half of 2019, September 2019

Transaction volume rebounded in the first half of 2019, as smaller deals by RIA buyers led the way.

Media Contact: Meredith Richard

VIEW SURVEY FINDINGS

 

Q2 2019 Retail Client Sentiment Report, July 2019

Schwab released its Q2 2019 Retail Client Sentiment Report, which reflects that client outlook for the U.S. stock market remains slightly bearish. The U.S. political landscape is overwhelmingly the leading concern about investing among clients. The report is based on a survey of about 1,000 Schwab retail clients.

Media Contact: Hibah Shariff

VIEW SURVEY FINDINGS

 

2019 RIA Benchmarking Study, July 2019

The 2019 RIA Benchmarking Study by Charles Schwab is the leading study of its kind in the RIA industry. The study features insights based on self-reported information on topics such as asset and revenue growth, sources of new clients, products and pricing, staffing, compensation, marketing, technology, and financial performance. Now in its thirteenth year, 1,310 independent advisor firms representing over a trillion dollars in AUM participated in this year’s study.

Media Contact: Meredith Richard

VIEW THE DECK
VIEW THE DECK (FIRMS WITH UNDER $100M AUM)
VIEW THE INTERACTIVE DATA VISUALIZATION

 

Independent Advisor Outlook Study, June 2019

Schwab Advisor Services released the results of the 26th Wave of its Independent Advisor Outlook Study (IAOS), which reflects responses from 924 registered investment advisors (RIAs) whose assets are custodied with Schwab.

Media Contact: Rob Farmer

VIEW THE RESULTS

 

2019 401(k) Participant Survey, June 2019

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 saying it is their only or largest source of retirement savings.

Media Contact: Mike Peterson

READ THE PRESS RELEASE
VIEW THE DECK 

 

Modern Wealth Survey, May 2019

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 1,000 Americans think about saving, spending, investing and wealth.

Media Contact: Hibah Shariff

READ THE PRESS RELEASE

VIEW THE FINDINGS 

 

2019 ETF Investor Study by Charles Schwab, May 2019

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..

Media Contact: Erin Montgomery

READ THE PRESS RELEASE

VIEW THE FINDINGS

 

Independent Advisor Pulse, February 2019

Schwab Advisor Services released the results of its Independent Advisor Pulse survey (or IAOS Wave 25), which reflects responses from 778 registered investment advisors (RIAs) whose assets are custodied with Schwab.

Media Contact: Rob Farmer

VIEW THE SURVEY RESULTS

 

Q4 2018 Retail Investor Sentiment Report, January 2019

Schwab released its Q4 2018 Retail Investor Sentiment Report, which reflects that client outlook for the U.S. stock market is shifting, with 52% feeling bearish compared to 41% a year ago. The report is based on a survey of about 860 Schwab retail clients. 

Media Contact: Hibah Shariff

VIEW SURVEY FINDINGS 
 

Schwab RIA Compensation Report, January 2019

Schwab Advisor Services’ RIA Compensation Report reflects responses from the annual RIA Benchmarking Study and offers a comprehensive look at compensation practices in the independent financial advice industry. 

Media Contact: Meredith Richard

VIEW THE REPORT 

2018 Research

Spectrum of Independence Study, December 2018

Schwab Advisor Services’ Spectrum of Independence Study surveys 152 U.S. financial advisors who have considered becoming independent registered investment advisors. The data provides insights into the considerations and expectations of advisors as they evaluate a move to independence. 

Media Contact: Rob Farmer

VIEW SURVEY FINDINGS 


Equity Compensation Plan Participant Survey, November 2018

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. According to the nationwide survey of 1,000 equity compensation plan participants who receive stock options or restricted stock awards and/or participate in employee stock purchase plans, equity compensation accounts on average for nearly 30 percent of employees’ net worth. 

Media Contact: Mike Peterson

READ THE PRESS RELEASE
VIEW THE DECK 


The Rise of Robo Report, November 2018

The Rise of Robo examines peoples’ outlook on robo advice, its potential impact on how they invest, and its impact on the financial services industry overall. 

Media Contact: Marianne Ahlmann

READ THE PRESS RELEASE
VIEW THE DECK 


At the Core: Advisor Views on Investment Trends, October 2018

This new study of independent advisors by Charles Schwab Investment Management, Inc. (CSIM) explores advisor attitudes and behaviors when it comes to investing decisions. 

Media Contact: Erin Montgomery

READ THE PRESS RELEASE
VIEW THE DECK 


Independent Advisor Outlook Study, Fall, October 2018

Schwab Advisor Services released the results of the 24th Wave of its Independent Advisor Outlook Study (IAOS), which reflects responses from 783 registered investment advisors (RIAs) whose assets are custodied with Schwab.  

Media Contact: Rob Farmer

READ THE PRESS RELEASE
VIEW THE DECK


Schwab RIA Industry Transactions Research for First Half of 2018, October 2018

RIA acquirers maintain the lead as top buyers, while the gap closed between strategic acquiring firms and private equity firms. 

Media Contact: Meredith Richard

VIEW THE FINDINGS 


Trends in New Advisor Registrations, October 2018

Analysis by Schwab Advisor Services shows that new independent advisor firms that registered with the SEC in 2017 represent $84 billion in assets under management.

Media Contact: Meredith Richard

READ THE PRESS RELEASE
VIEW THE FINDINGS 


Consumer Digital Demands Survey, October 2018

Charles Schwab’s Consumer Digital Demands is a survey of American consumers and robo advisor users regarding their preferences, sentiment, and experiences interacting with technology and people across a range of life activities and experiences, including investing and financial planning. 

Media Contact: Marianne Ahlmann

READ THE PRESS RELEASE
VIEW THE FINDINGS 


2018 401(k) Participant Survey, August 2018

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. 

Media Contact: Mike Peterson

READ THE PRESS RELEASE
VIEW THE FINDINGS 


2018 Financial Literacy Survey, August 2018

Schwab studied the financial attitudes and behaviors of 2,000 Millennials and Gen Z a decade after the onset of the financial crisis. Today’s young adults are optimistic about their future financial success but demonstrate behaviors that suggest they may be unprepared for the realities of achieving it. 

Media Contact: Stephanie Corns

READ THE PRESS RELEASE 
VIEW THE FINDINGS 


Wealth Management Monitor - Q1/Q2 2018, August 2018

Schwab released its Q1/Q2 2018 Schwab Wealth Management Monitor report in which 44% of retail investors are feeling bullish, yet the U.S. political climate tops their concerns about investing. The report is based on a survey of nearly 1,000 Schwab clients. 

Media Contact: Marianne Ahlmann

VIEW THE SURVEY FINDINGS 


2018 RIA Benchmarking Study, July 2018

The 2018 RIA Benchmarking Study by Charles Schwab is the leading study of its kind in the RIA industry. The study features insights based on self-reported information on topics such as asset and revenue growth, sources of new clients, products and pricing, staffing, compensation, marketing, technology, and financial performance. Now in its twelfth year, more than 1,261 independent advisor firms representing over a trillion dollars in AUM participated in this year’s study. 

Media Contact: Meredith Richard

READ THE PRESS RELEASE
VIEW THE DECK


Examining the Mindset of U.S. Financial Professionals, June 2018

A new survey from Schwab Independent Branch Services finds that while financial professionals are generally optimistic about their careers, they desire more independence. The survey reflects responses from 994 client-facing financial professionals. 

Media Contact: Meredith Richard

READ THE PRESS RELEASE
VIEW THE SURVEY FINDINGS


Independent Advisor Pulse - Summer, June 2018

Schwab Advisor Services released the results of its Independent Advisor Pulse survey (or IAOS Wave 23), which reflects responses from over 600 Registered Investment Advisors (RIAs) whose assets are custodied with Schwab.  

Media Contact: Rob Farmer

READ THE PRESS RELEASE
VIEW THE INDEPENDENT ADVISOR PULSE SNAPSHOT


2018 ETF Investor Study by Charles Schwab, June 2018

More than half of Millennials would consider placing their entire investment portfolio (excluding cash) in Exchange-Traded Funds (ETFs) in the next year, according to the 2018 ETF Investor Study by Charles Schwab. ETFs are the investment vehicle of choice for 91% of Millennial investors. And, more than half (56%) of investors in that generation say they have already replaced all individual securities in their portfolios with ETFs. 

Media Contact: Erin Montgomery

READ THE PRESS RELEASE
VIEW SLIDES: SURVEY FINDINGS FROM THE 2018 ETF INVESTOR STUDY BY CHARLES SCHWAB 


Modern Wealth Index, May 2018

A thousand Americans participated in Schwab’s 2018 Modern Wealth Index, an assessment that scores participants between 1–100 based on how well they manage their money and investments across four factors: 1) goal setting and financial planning, 2) saving and investing, 3) staying on track, and 4) confidence in reaching financial goals. Americans received an average Modern Wealth Index score of 50.

VIEW THE RESULTS 
FOR MORE INFORMATION 


Independent Advisor Sophomore Study, March 2018

Schwab Advisor Services released the results of a study that looks at the motivations, mindset, and experiences of financial advisors who have recently made the transition to the independent model (“sophomores”). More than 90% of advisors would make the decision again and are happier now that they are independent. 

Media Contact: Meredith Richard

VIEW THE SURVEY FINDINGS 
View infographic: The Independent Transformation 


Schwab RIA Industry Transactions Research for Year-End 2017, March 2018

M&A activity maintained momentum in 2017, with $1 billion+ deals becoming the new normal. 

Media Contact: Meredith Richard

VIEW HIGHLIGHTS FROM THE SCHWAB RIA INDUSTRY M&A RESEARCH 


Equity Compensation Plan Participant Survey, February 2018

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. According to the nationwide survey of 1,000 equity compensation plan participants who receive incentive stock options, restricted stock awards, and/or participate in employee stock purchase plans, just 24% have exercised employee stock options or sold shares that are part of their equity compensation. Fear of making a mistake is a concern for nearly half (48%).

READ THE PRESS RELEASE
VIEW THE SURVEY RESULTS
VIEW INFOGRAPHIC: WHEN IT COMES TO EQUITY COMPENSATION PLANS, EMPLOYEES WANT GUIDANCE IN THREE MAIN AREAS
VIEW INFOGRAPHIC: EMPLOYER-PROVIDED FINANCIAL WELLNESS PROGRAMS ARE AN IMPORTANT TOOL FOR EMPLOYEES
VIEW INFOGRAPHIC: WORKING WITH A FINANCIAL ADVISOR WOULD HELP EMPLOYEES MAKE EQUITY COMPENSATION DECISIONS MORE CONFIDENTLY
VIEW INFOGRAPHIC: EMPLOYEES GIVE EQUITY COMPENSATION PLANS HIGH MARKS ACROSS THE BOARD


Wealth Management Monitor: Q3/Q4 2017, January 2018

Schwab released its Q3/Q4 2017 Schwab Wealth Management Monitor report in which 60% of retail investors say they feel better off financially as compared to a year ago. The report is based on an analysis of retail client data and a survey of around 1,000 Schwab clients. 

Media Contact: Mike Cianfrocca

READ THE PRESS RELEASE
VIEW THE SURVEY FINDINGS

2017 Research

Independent Advisor Outlook Study: Fall, November 2017

Schwab Advisor Services released the results of the 22nd Wave of its semi-annual Independent Advisor Outlook Study (IAOS), which reflects responses from 946 Registered Investment Advisors (RIAs) whose assets are custodied with Schwab.  

Media Contact: Rob Farmer

VIEW THE SURVEY FINDINGS
VIEW INFOGRAPHIC—DON'T CALL ME AN ENTREPRENEUR. I AM A BUSINESS OWNER
VIEW INFOGRAPHIC—DOUBLE DUTCH: BALANCING ORGANIC AND NEW-TO-FIRM GROWTH
VIEW INFOGRAPHIC—ARTIFICIAL INTELLIGENCE TOMORROW; INTEGRATION, DIGITIZATION, AND CLOUD-BASED SYSTEMS TODAY
VIEW INFOGRAPHIC—POLITICS IS A TOP DRIVER OF CLIENT CONCERN
VIEW INFOGRAPHIC—PASSIVE-AGGRESSIVE: INDEXING ALLOWS FOR VALUE-ADDED SERVICES AND HELPS MANAGE CLIENT EXPECTATIONS


Trends in New Advisor Registrations, November 2017

Analysis of 2016 SEC registration data by Schwab Advisor Services shows a 75% increase in the number of new SEC registrations since 2012.  

Media Contact: Rob Farmer

VIEW THE DATA 


Schwab RIA Industry Transactions Research for First Half of 2017, September 2017

Schwab research for the first half of 2017 shows billion-dollar-plus deals are helping fuel continued merger and acquisition momentum in the independent advisor industry. 

Media Contact: Rob Farmer

VIEW HIGHLIGHTS FROM THE SCHWAB RIA INDUSTRY M&A RESEARCH 


2017 ETF Investor Study by Charles Schwab, September 2017

More than 4 in 10 ETF investors say that ETFs will be the primary investment vehicle in their portfolios in the future and 60% of millennials expect to increase their investments in ETFs in the next year, according to the 2017 ETF Investor Study by Charles Schwab. The study is the seventh installment of an annual online survey of more than 1,200 individual investors between the ages of 25–75 with at least $25,000 in investable assets who have purchased ETFs in the past two years.  

Media Contact: Kaitlyn Downing

READ THE PRESS RELEASE
VIEW INFOGRAPHIC – ETF ENTHUSIASM IS ON THE RIDE 
VIEW SLIDES: SURVEY FINDINGS FROM THE 2017 ETF INVESTOR STUDY BY CHARLES SCHWAB 
 

401(k) Participation Survey, August 2017

A nationwide survey from Schwab Retirement Plan Services, Inc. reveals that everyday money matters are dramatically impacting the lives and retirement saving efforts of Americans. The survey of 1,000 workers with access to a 401(k) plan—half of whom are actively contributing to it (“savers”) and half of whom are not (“non-savers”)—reveals that non-savers are increasingly challenged by day-to-day financial stresses, compounded especially by credit card debt. 

Media Contact: Mike Peterson

READ THE PRESS RELEASE
VIEW THE SURVEY FINDINGS FROM THE 2017 401(K) PARTICIPATION SURVEY
VIEW THE INFOGRAPHIC – 401(K) SAVERS ARE SAVING MORE
VIEW THE INFOGRAPHIC – 401(K) IS A MUST-HAVE BENEFIT
VIEW THE INFOGRAPHIC – WORKERS WOULD THINK TWICE ABOUT TAKING A JOB WITH NO 401(K)
VIEW THE INFOGRAPHIC – FINANCIAL ADVICE BOOSTS CONFIDENCE


Schwab Wealth Management Monitor, July 2017

The Schwab Wealth Management Monitor is a retail client behavior and sentiment report covering the first half of 2017. The report represents more than seven million retail client accounts and approximately $1.5 trillion in assets. 

Media Contact: Mike Cianfrocca

READ THE PRESS RELEASE
VIEW THE REPORT 


2017 RIA Benchmarking Study: Summer, July 2017

The 2017 RIA Benchmarking Study by Charles Schwab is the leading study of its kind in the RIA industry. The study features insights based on self-reported information on topics such as asset and revenue growth, sources of new clients, products and pricing, staffing, compensation, marketing, technology, and financial performance. Now in its eleventh year, more than 1,321 independent advisor firms representing nearly three-quarters of a trillion dollars in AUM participated in this year’s study. 

Media Contact: Rob Farmer

READ THE PRESS RELEASE 
VIEW RESULTS OF THE STUDY 


Modern Wealth Index, June 2017

To help track how well Americans across the wealth spectrum are planning, managing, and engaging with their wealth, Schwab developed the Modern Wealth Index, which is grounded in Schwab’s Investing Principles and assesses Americans across four factors: 1) goal setting and financial planning, 2) saving and investing, 3) staying on track, and 4) confidence in reaching financial goals. On a scale of 1–100, Americans received an average Modern Wealth Index score of 49.

VIEW THE RESULTS 


Independent Advisor Outlook Study: Spring, June 2017

Schwab Advisor Services released the results of the 21st Wave of its semi-annual Independent Advisor Outlook Study (IAOS), which reflects responses from 912 Registered Investment Advisors (RIAs) whose assets are custodied with Schwab.  

Media Contact: Rob Farmer

VIEW THE SURVEY FINDINGS 
VIEW INFOGRAPHIC – THE MODERN INDEPENDENT FINANCIAL ADVISOR 


Schwab RIA Industry Transactions Research for Year-End 2016, February 2017

Schwab research shows that the vibrant independent advisor industry marketplace maintains transactions at record levels. 

Media Contact: Rob Farmer

VIEW HIGHLIGHTS FROM THE SCHWAB RIA INDUSTRY M&A RESEARCH

2016 Research

2016 Seattle Economic Survey, December 2016

Seattle residents are overwhelmingly optimistic about their city’s rise to prominence as a global technology leader, according to a second annual survey conducted by Charles Schwab & Co. The survey of 1,000 Seattle area residents found that nearly all (94%) agree that their city is now a global technology hub. Three-quarters of those surveyed believe Seattle’s local economy is outperforming the national economy, and nearly half (46%) say the growth of Seattle’s tech scene is the biggest driver of that economic growth. 

Media Contact: Hibah Yousuf

READ THE PRESS RELEASE 


Investment Advisor Outlook Study: Fall, October 2016

Charles Schwab Advisor Services released the results of the 20th Wave of its semi-annual Independent Advisor Outlook Study (IAOS), which reflects responses from 957 Registered Investment Advisors (RIAs) whose assets are custodied with Schwab.  

Media Contact: Rob Farmer

VIEW THE SURVEY FINDINGS 


2016 Chicago Economic Survey, September 2016

The local cost of living is a drag on many Chicago residents, according to the third annual survey by Charles Schwab. Of 1,000 Chicago area residents surveyed, over half (55%) say the Windy City is one of the worst areas in the country when it comes to cost of living. More than twice as many (43%) say that living in Chicago hurts their ability to reach their financial goals as compared to those who say it helps (16%). 47% cite keeping up with monthly expenses as their biggest source of stress. 

Media Contact: Hibah Yousuf

READ THE PRESS RELEASE 
VIEW SURVEY FINDINGS FROM THE 2016 CHICAGO ECONOMIC SURVEY BY SCHWAB 


Schwab RIA Industry Transactions Research: first half of 2016, September 2016

Schwab research shows the RIA industry merger and acquisition activity for the first half of the year on pace to surpass the 2015 record as private equity permeates the market. 

Media Contact: Rob Farmer

VIEW HIGHLIGHTS FROM THE SCHWAB RIA INDUSTRY M&A RESEARCH 


2016 ETF Investor Study by Charles Schwab, September 2016

Both individual investors and Registered Investment Advisors (RIAs) say ETFs have positively changed the way they invest and both groups plan to increase investments in these products in the years to come, according to the 2016 ETF Investor Study by Schwab. The study is the sixth installment of an annual online survey of more than 1,000 individual investors between the ages of 25-75 with at least $25,000 in investable assets who have purchased ETFs in the past two years.  For the first time, Schwab also included a sample of 312 RIAs registered with RIA Database who have bought or sold an ETF in the last two years. 

Media Contact: Erin Montgomery

READ THE PRESS RELEASE
VIEW INFOGRAPHIC – ETFS: INVESTING GAME-CHANGERS 
VIEW INFOGRAPHIC – MILLENNIALS AND ETFS: A LOVE STORY 
VIEW SLIDES: SURVEY FINDINGS FROM THE 2016 ETF INVESTOR STUDY BY CHARLES SCHWAB 


401(k) Participant Survey, August 2016

A nationwide survey of 1,000 401(k) plan participants from Schwab Retirement Plan Services, Inc. finds that saving enough money for a comfortable retirement is the most common financial stress inducer for people of all ages. The survey also reveals that most people view the 401(k) as a “must-have” workplace benefit and believe they would benefit from professional saving, investment, and financial guidance. 

Media Contact: Mike Peterson

READ THE PRESS RELEASE 
VIEW THE INFOGRAPHIC – ADVICE 
VIEW THE INFOGRAPHIC – ELECTION
VIEW THE INFOGRAPHIC – IDEAL NUMBERS
VIEW THE INFOGRAPHIC – STRESS
VIEW THE INFOGRAPHIC – WELLNESS PROGRAMS
VIEW SURVEY FINDINGS FROM THE 2016 401(K) PARTICIPANT SURVEY BY SCHWAB 


Dallas-Fort Worth Economic Survey, July 2016

Dallas residents are overwhelmingly upbeat about the state of the local economy, according to a new survey by Charles Schwab. In a survey of 1,000 residents in the Dallas-Fort Worth metropolitan area, nearly all (96%) say they believe the Dallas-Fort Worth economy is in as good or better shape than the overall U.S. economy. The primary driver of the area’s strong growth is the increase in the number of company headquarters and corporate campuses in Dallas-Fort Worth, according to survey respondents, and the vast majority (83%) say that’s a positive trend.  

Media Contact: Hibah Yousuf

READ THE PRESS RELEASE 
VIEW SURVEY FINDIINGS FROM THE 2016 DALLAS-FORT WORTH ECONOMIC SURVEY BY SCHWAB 


2016 RIA Benchmarking Study – Summer, July 2016

The 2016 RIA Benchmarking Study by Charles Schwab is the leading study in the RIA industry. The study captures insights based on responses from individual advisory firms, providing self-reported information on topics such as asset and revenue growth, sources of new clients, products and pricing, staffing, compensation, marketing, technology, and financial performance. Now in its tenth year, more than 1,100 advisory firms representing nearly three-quarters of a trillion dollars in AUM participated in this year’s study. 

Media Contact: Rob Farmer

READ THE PRESS RELEASE  
VIEW RESULTS OF STUDY  


Investment Advisor Outlook Study - Spring, June 2016

Charles Schwab Advisor Services released the results of the 19th Wave of its semi-annual Independent Advisor Outlook Study (IAOS), which reflects responses from 930 Registered Independent Advisors (RIAs) representing more than $300 billion in assets under management custodied with Schwab. 

Media Contact: Rob Farmer

READ THE PRESS RELEASE
VIEW THE SURVEY FINDINGS 


Washington, D.C. Economic Survey, June 2016

While Washingtonians are happy with the state of the local economy and quality of life, they feel financially strapped due to the high cost of living in and around the nation’s capital, according to a new survey by Charles Schwab. In a survey of 1,000 residents in the Washington metropolitan area, which includes all of the federal district and parts of Maryland and Virginia, more than half (58%) believe the D.C. area economy is in better shape than the overall U.S. economy. But 62% of Washingtonians also believe that the D.C. metro area is one of the worst in the country when it comes to cost of living. 

Media Contact: Hibah Yousuf

READ THE PRESS RELEASE
VIEW SURVEY FINDINGS FROM THE 2016 WASHINGTON, D.C. ECONOMIC SURVEY BY SCHWAB


10 Smart Questions Investors Should Be Asking About Smart Beta, April 2016

Investors have questions about the proliferation of smart beta strategies. This piece will address and answer the most commonly asked questions, and offers the Schwab Center for Financial Research’s point of view on topics such as how investors can begin to distinguish among the myriad of smart beta strategies and how to incorporate these strategies into a portfolio. 

Media Contact: Kaitlyn Downing

VIEW THE QUESTIONS 
VIEW THE CHART – QUESTION #7 
VIEW THE CHART – QUESTION #10 


Bay Area Economic Survey, March 2016

Bay Area residents are confident in the state of their local economy and its future growth, according to a new survey by Charles Schwab. Of 1,000 Bay Area residents surveyed, 70% believe the local economy is performing better than the national economy, and eight out of ten (79%) say the area is continuing to get more prosperous. Although they are optimistic about the local economy, they are less pleased with the cost of living. Nearly all (86%) believe the cost of living in the Bay Area is unreasonable. 

Media Contact: Hibah Yousuf

READ THE PRESS RELEASE 
VIEW SURVEY FINDINGS FROM THE 2016 BAY AREA ECONOMIC SURVEY BY SCHWAB 


Schwab RIA Industry Transactions Research for Year-End 2015, March 2016

Schwab research shows the RIA industry reached record levels of merger and acquisition activity in 2015 as advisors continue to focus on growth and establishing legacy. 

Media Contact: Rob Farmer

VIEW HIGHLIGHTS FROM THE SCHWAB RIA INDUSTRY M&A RESEARCH 


The Schwab ETF OneSource™ 2016 ETF Industry Outlook, February 2016

ETFs are becoming an increasingly important part of investors’ portfolios, and according to Schwab, that sentiment will continue to grow. The Schwab ETF OneSource™ 2016 ETF Industry Outlook is an interactive microsite that provides a holistic look at the ETF trends that matter most for investors and advisors. Industry leaders from thirteen different ETF providers contributed to the outlook to deliver an overview of 2015 trends, a 2016 outlook, and implications for ETF investors. 

Media Contact: Erin Montgomery

READ THE PRESS RELEASE 


Charles Schwab 2016 Market Outlook Report, January 2016

Global monetary policy will continue to remain a central focus for market and economic forecasts over the next year according to the Charles Schwab 2016 Market Outlook report written by market experts from the Schwab Center for Financial Research, including Liz Ann Sonders, Chief Investment Strategist; Jeff Kleintop, Chief Global Investment Strategist; and Kathy Jones, Chief Fixed Income Strategist. Brad Sorensen, Managing Director, Market and Sector Analysis; Rob Williams, Managing Director, Income Planning; Collin Martin, Director, Fixed Income; and Michelle Gibley, Director, International Research, also contribute. 

Media Contact: Hibah Yousuf.

READ THE REPORT

2015 Research

Seattle Economic Survey, December 2015

Seattle residents are overwhelmingly confident in the state of their local economy and its future growth, according to a new survey by Charles Schwab. Of 1,000 Seattle area residents surveyed, 70% believe the local economy is performing better than the national economy. Looking at the next 10 years, many survey respondents believe Seattle will be among the top three fastest growing U.S. cities (41%). Although Seattleites are optimistic about the local economy, they are less pleased with the cost of living. More than three-quarters believe the cost of living in Seattle is unreasonable. 

Media Contact: Hibah Yousuf

READ THE PRESS RELEASE 
VIEW SURVEY FINDINGS FROM THE 2015 SEATTLE ECONOMIC SURVEY BY SCHWAB 


The Corporate Compliance Role: An Industry Survey from Compliance Solutions, November 2015

A survey from Compliance Solutions at Charles Schwab finds the role of the compliance officer is evolving and growing in scope across corporate America. Among those compliance professionals surveyed, 80% feel their role is valued within their firm and nearly two-thirds (62%) believe they have influence over corporate decisions. The survey also reveals a need for more tools designed to help compliance officers do their jobs more efficiently and effectively. 

Media Contact: Mike Peterson

READ THE PRESS RELEASE 
VIEW FINDINGS FROM THE COMPLIANCE SOLUTIONS SURVEY 


Investment Advisor Outlook Study: Fall, November 2015

Charles Schwab Advisor Services released results of its 18th semi-annual
Independent Advisor Outlook Study (IAOS), which reflects responses from 638 Registered Independent Advisors (RIAs) representing $209 billion in assets under management custodied with Schwab. 

Media Contact: Rob Farmer

READ THE PRESS RELEASE 
VIEW THE SURVEY FINDINGS


2015 ETF Investor Study by Charles Schwab, September 2015

The majority of investors would consider replacing individual stocks and bonds with ETFs. On average, investors already using ETFs are now allocating 21% of their total portfolios to ETFs, and these investors expect that number to jump to 25% in the next five years. Moreover, one-third say ETFs will form the core of their investment portfolios in the future, according to the 2015 ETF Investor Study by Schwab. The study, conducted by Koski Research in August 2015, is the fifth installment of an annual online survey of more than 1,000 U.S. individual investors between the ages of 25-75 with at least $25,000 in investable assets who have purchased ETFs in the past two years. 

Media Contact: Erin Montgomery

READ THE PRESS RELEASE 
VIEW INFOGRAPHIC – ETFS: THE PORTFOLIO BUILDING BLOCKS OF THE FUTURE 
VIEW SLIDES: SURVEY FINDINGS FROM THE 2015 ETF INVESTOR STUDY BY CHARLES SCHWAB


Chicago Economic Survey, September 2015

Despite a continued lack of confidence in the local economy, Chicagoans have become more optimistic about the area’s job opportunities and housing market and still see their city as a cultural and business hub, according to a second annual survey by Charles Schwab. Of 1,000 Chicago area residents surveyed, only 19% believe the local economy is becoming more prosperous, a decline from 25% in 2014. 51% of Chicagoans believe the local economy is performing about the same as the U.S. economy overall, but nearly one-third (32%) thinks it is doing worse. 

Media Contact: Hibah Yousuf

READ THE PRESS RELEASE 
VIEW SURVEY FINDINGS FROM THE 2015 CHICAGO ECONOMIC SURVEY BY SCHWAB


Schwab RIA Industry M&A Research, September 2015

Schwab research shows the RIA industry is seeing an uptick in merger and acquisition activity, based on the number of deals as well as the average deal size. 

Media Contact: Rob Farmer

READ THE PRESS RELEASE
VIEW HIGHLIGHTS FROM THE SCHWAB RIA INDUSTRY M&A RESEARCH


401(k) Participant Survey, August 2015

A nationwide survey of 1,000 401(k) plan participants illustrates the vital role of 401(k) plans in helping workers save for retirement, but also identifies obstacles to saving effectively and a strong desire among participants for professional help in choosing the right investments. The survey finds that a 401(k) is viewed as an essential workplace benefit and that people are taking saving for retirement very seriously in much the same way they strive to manage their health. In fact, 90% of respondents said they would think twice about taking a job if the company did not offer a 401(k) plan. 

Media Contact: Mike Peterson

READ THE PRESS RELEASE 
VIEW THE INFOGRAPHIC – RETIREMENT AS A MAJOR PUBLIC POLICY ISSUE 
VIEW THE INFOGRAPHIC – TAKING LOANS FROM 401(K)  
VIEW THE INFOGRAPHIC – WORKERS WANT 401(K) INVESTMENT ADVICE 
VIEW THE INFOGRAPHIC – TOP OBSTACLES TO SAVING FOR RETIREMENT 
VIEW THE INFOGRAPHIC – 401(K) BALANCE GROWTH 
VIEW THE INFOGRAPHIC – 401(K) AS A MUST-HAVE BENEFIT 
VIEW SURVEY FINDINGS FROM THE 2015 401(K) PARTICIPANT SURVEY BY SCHWAB RETIREMENT PLAN SERVICES 


White Paper: The Case for a Global Perspective, July 2015

Jeffrey Kleintop, Schwab’s Chief Global Investment Strategist, writes about how a global perspective is vital to successful long-term investing. This comprehensive white paper from the Schwab Center for Financial Research explores why a global perspective means adopting a different approach to investing, including looking for investing ideas that span the stocks of many countries and incorporating portfolio allocations to U.S. and international markets.  

Media Contact: Hibah Yousuf

VIEW THE WHITE PAPER 


Dallas-Fort Worth Economic Survey, July 2015

Dallas residents are overwhelmingly upbeat about the state of the local economy, according to a new survey by Charles Schwab. In a survey of 1,000 residents in the Dallas-Fort Worth metropolitan area, nearly all (96%) say they believe the Dallas-Fort Worth economy is in as good or better shape than the overall U.S. economy. The primary driver of the area’s strong growth is the increase in the number of company headquarters and corporate campuses in Dallas-Fort Worth, according to survey respondents, of which 88% believe that the trend has had a positive impact overall.  

Media Contact: Hibah Yousuf

VIEW THE PRESS RELEASE 
VIEW SURVEY FINDINGS FROM THE 2015 DALLAS-FORT WORTH ECONOMIC SURVEY BY SCHWAB


2015 RIA Benchmarking Study: Summer, July 2015

The 2015 RIA Benchmarking Study by Charles Schwab is the leading study in the RIA industry. The study captures insights based on responses from individual advisory firms, providing self-reported information on topics such as asset and revenue growth, sources of new clients, products and pricing, staffing, compensation, marketing, technology, and financial performance. Now in its ninth year, more than 1,000 advisory firms representing nearly three-quarters of a trillion dollars in AUM participated in this year’s study. 

Media Contact: Rob Farmer

READ THE PRESS RELEASE 
VIEW RESULTS OF STUDY


Investment Advisor Outlook Study: Summer, June 2015

Charles Schwab Advisor Services released results of its 17th semi-annual Independent Advisor Outlook Study (IAOS), which reflects responses from 629 Registered Investment Advisors (RIAs) representing $229 billion in assets under management custodied with Schwab. 

Media Contact: Susan Forman

READ THE PRESS RELEASE 
VIEW SURVEY FINDINGS


Charles Schwab Mid-Year Market Outlook Report, June 2015

A central focus for market and economic forecasts over the next year is the diverging paths of the U.S. Federal Reserve and other central banks, according to the Charles Schwab Mid-Year Market Outlook report written by market experts from the Schwab Center for Financial Research, including Liz Ann Sonders, Chief Investment Strategist; Jeff Kleintop, Chief Global Investment Strategist; and Kathy Jones, Fixed Income Strategist. Brad Sorensen, Managing Director, Market and Sector Analysis; Rob Williams, Managing Director, Income Planning; Collin Martin, Director, Fixed Income; and Michelle Gibley, Director, International Research, also contribute. 

Media Contact: Hibah Yousuf

READ THE REPORT


Man and Machine Study, May 2015

Nine out of 10 Americans view technology as more of a life necessity than a distraction, but a passion for people persists across the generations, according to a new study from Charles Schwab which finds that people from age 25-75 prefer to rely on a combination of both humans and technology when it comes to dealing with daily tasks and managing their money. The Charles Schwab “Man and Machines” study asked more than 1,800 affluent consumers across four generations about their interaction preferences for finding answers and solving problems across a range of topics, and although technology won out over people, the result was close. 

Media Contact: Alison Wertheim

READ THE PRESS RELEASE 
VIEW THE SURVEY FINDINGS 
VIEW INFOGRAPHIC – I LOVE MY TECHNOLOGY


Washington, D.C. Economic Survey, April 2015

While Washingtonians are happy with the state of the local economy and quality of life, they feel financially strapped due to the high cost of living in and around the nation’s capital, according to a new survey by Charles Schwab. In a survey of 1,000 residents in the Washington metropolitan area, which includes all of the federal district and parts of Maryland and Virginia, more than half (60%) believe the D.C. area economy is in better shape than the overall U.S. economy. But 60% of Washingtonians also believe that the D.C. metro area is one of the worst in the country when it comes to cost of living. 

Media Contact: Hibah Yousuf

VIEW THE PRESS RELEASE 
VIEW SURVEY FINDINGS FROM THE 2015 WASHINGTON, D.C., ECONOMIC SURVEY BY SCHWAB

2014 Research

Charles Schwab 2015 Market Outlook Report, December 2014

The divergence in economic growth and monetary policy between the United States and other developed countries is likely to be a key factor impacting financial markets in the year ahead, according to the Schwab 2015 Market Outlook report written by market experts from the Schwab Center for Financial Research, including Liz Ann Sonders, Chief Investment Strategist; Randy Frederick, Managing Director of Trading and Derivatives; Jeff Kleintop, Chief Global Investment Strategist; and Kathy Jones, Fixed Income Strategist. 

Media Contact: Michael Cianfrocca

READ THE PRESS RELEASE 
VIEW THE REPORT


Investment Advisor Outlook Study: Fall, November 2014

Charles Schwab Advisor Services released results of its 16th semi-annual Independent Advisor Outlook Study (IAOS) which reflects responses from 740 Registered Investment Advisors (RIAs) representing $243 billion in assets under management custodied with Schwab. 

Media Contact: Rob Farmer

READ THE PRESS RELEASE 
VIEW SURVEY FINDINGS 


Chicago Economic Survey, September 2014

Chicagoans view their city as one of the best in the country when it comes to culture and dining, but lack confidence in the local Chicago economy, according to a new survey by Charles Schwab. Of 1,000 Chicago area residents surveyed, 61% believe the local economy is remaining stagnant or getting worse, compared to just a quarter who believe that the Chicago area’s economy is improving. More than three-quarters (77%) of those surveyed do not believe local politicians are doing enough to make the Chicago economy stronger. 

Media Contact: Hibah Yousuf

READ THE PRESS RELEASE 
VIEW SURVEY FINDINGS FROM THE 2014 CHICAGO ECONOMIC SURVEY BY SCHWAB 
VIEW INFOGRAPHIC – NEW SURVEY: MY KIND OF TOWN 
READ THE PRESS RELEASE: CHARITABLE GIVING AND COMMUNITY INVOLVEMENT IN CHICAGO 


401(k) Participant Survey, August 2014

The nationwide survey of 1,000 401(k) plan participants, commissioned by Schwab Retirement Plan Services, finds that a 401(k) plan is considered a crucial benefit by an overwhelming majority. When asked which benefits are “must-haves” aside from health insurance, nearly nine in ten respondents (87%) say a 401(k) is a “must-have” benefit—more than disability insurance (45%), life insurance (42%), extra vacation days (34%), or the ability to telecommute (15%).  

Media Contact: Mike Peterson

READ THE PRESS RELEASE
VIEW INFOGRAPHIC – NEW SURVEY: THE 401(K) PLAN  
VIEW SURVEY FINDINGS FROM THE 2014 401(K) PARTICIPANT SURVEY BY SCHWAB RETIREMENT PLAN SERVICES 


2014 ETF Investor Study by Charles Schwab, June 2014

Even with a perceived proliferation of ETFs on the market today, 66% of investors say there is room for more—and more than a quarter say that more product choice is the industry trend that has been most beneficial to investors over the past few years, according to the 2014 ETF Investor Study by Charles Schwab. The study, conducted by Koski Research in May 2014, is the fourth installment of an annual online survey of more than 1,000 U.S. individual investors between the ages of 25-75 with at least $25,000 in investable assets who have purchased ETFs in the past two years or are considering doing so in the near term. 

Media Contact: Erin Montgomery

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VIEW INFOGRAPHIC – MORE ETFS, ANYONE? INVESTORS SAY ‘YES, PLEASE’ 
VIEW INFOGRAPHIC – CONFIDENCE IS KEY  
VIEW SURVEY FINDINGS FROM THE 2014 ETF INVESTOR STUDY BY CHARLES SCHWAB


Charles Schwab Generation Now Study for RIAs: Summer, June 2014

Charles Schwab Advisor Services revealed new Schwab research on "Generation Now"—affluent individuals between the ages of 30 and 45 who are following on the heels of advisors' current pre-retired or retired clients. 

Media Contact: Susan Forman

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RESULTS OF SURVEY FINDINGS  
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2013 Research

Workers Bank On 401(k) For Retirement, August 2013

The majority of American workers in a new survey accept responsibility for financing their own retirement and are relying primarily on their 401(k) to get them there, but many lack the confidence to effectively manage their retirement savings. The nationwide survey of more than 1,000 401(k) plan participants, commissioned by Schwab Retirement Plan Services, shows a high level of self-reliance among respondents. Roughly nine in ten (89%) say they are counting on themselves for the money to support their retirement, and just 5% expect to rely mostly on the government for financial help after they stop working full time. 

Media Contact: Mike Peterson

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Bargain Hunting For Bonds, July 2013

How Investors Shop was an online survey of U.S. investors developed to compare and contrast shopping habits around high-ticket household products and consumer items with financial products, including bonds. The survey, conducted by Koski Research for Charles Schwab, was completed by a total of 514 respondents between the ages of 25 and 75 who held a minimum of $100,000 in total investable assets and invested on their own. All respondents had heard of bonds or fixed income investments, and 51% of survey respondents own or have owned individual bonds. 

Media Contact: Alison Wertheim

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Advice and the Affluent Investor, June 2013

According to a recent study from Schwab, 7 in 10 affluent investors feel today’s financial markets are too complicated to navigate without an advisor. One-third of study participants also say their desire for investment advice has increased in the past year, and three-quarters say they are most confident making investment decisions when they collaborate with their investment professional; just one-third say they feel that same level of confidence when making investment decisions by themselves. Advice and the Affluent Investor: A Study of Attitudes and Behavior by Charles Schwab (AAIS) surveyed more than 1,000 affluent Americans who receive some form of professional financial advice. 

Media Contact: Alison Wertheim

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VIEW SURVEY FINDINGS 


Today’s Engaged Investor, June 2013

A majority of Americans who are highly engaged across many aspects of life also grab hold of the wheel when it comes to investing, according to a new study by Charles Schwab. Around 1,000 Americans surveyed express a significant degree of personal ownership in their everyday lives. The study found that a majority are also highly engaged in investing: nearly two-thirds (61%) are actively involved in their investment portfolios. 

Media Contact: Michael Cianfrocca

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READ THE WHITE PAPER 
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Based on an online survey of U.S. workers eligible for a workplace 401(k) plan, half of whom are actively saving in it and half of whom are not, conducted by Koski Research for Schwab Retirement Plan Services, Inc. Koski Research is neither affiliated with, nor employed by, Schwab Retirement Plan Services, Inc. The survey is based on 1,000 interviews and has a 3% margin of error at the 95% confidence level. Survey respondents worked for companies with at least 25 employees and were 25–70 years old. Survey respondents were not asked to indicate whether they had 401(k) accounts with Schwab Retirement Plan Services, Inc. All data is self-reported by study participants and is not verified or validated. Respondents participated in the study between June 2 and June 18, 2017. Detailed results can be found here. Schwab Retirement Plan Services, Inc. is a subsidiary of the Charles Schwab Corporation.

Investors should consider carefully information contained in the prospectus, including investment objectives, risk, charges, and expenses. You can request a prospectus by calling Schwab at 800-435-4000. Please read the prospectus carefully before investing.

Investment returns will fluctuate and are subject to market volatility, so that an investor’s shares, when redeemed or sold, may be worth more or less than their original cost. Unlike mutual funds, shares of ETFs are not individually redeemable directly with the ETF. Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV).