After a successful pilot, Charles Schwab announced today that it will roll out the first version of the new Schwab Advisor Center app for the iPhone. Starting today, independent investment advisors who custody assets with Schwab Advisor Services can download the app to view their clients' account balances, positions and transactions, allowing them to easily tap into the real-time data they need from Schwab Advisor Center while on the go.

"This first version of the new Schwab Advisor Center app for iPhone includes the features that advisors told us they wanted most," said Steve Hirsch, vice president of institutional web services for Charles Schwab. "We have heard that the top priority is fast and convenient access to client account information so advisors can stay informed and on top of their business no matter where they are."

The mobile app is part of a broader effort to deliver Schwab Advisor Center data where and how advisors need it. The Schwab Advisor Center app for iPad is currently under development and will be available to advisors before the end of the year. Additionally, advisors' clients who want on the go access to their accounts can use Schwab's mobile apps for iPhone, iPad and Android, as well as Schwab's mobile website to keep up with their accounts and to access features like Schwab Mobile Deposit.

"Our app for the iPhone was well received in pilot, and we're listening closely to the feedback we get from advisors and will continue to make enhancements to the app as more clients begin to use it and identify other services they would like to access." Hirsch added.

Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. iTunes, iPad and iPhone are trademarks of Apple Inc.

Android is a trademark of Google Inc. Use of this trademark is subject to Google Permissions.

Schwab Mobile Deposit service is subject to certain eligibility requirements, limitations, and other conditions. Enrollment is not guaranteed and standard hold policies apply.

About Charles Schwab

The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with more than 300 offices and 8.7 million active brokerage accounts, 1.5 million corporate retirement plan participants, 815,000 banking accounts, and $1.76 trillion in client assets as of May 31, 2012. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.sipc.org), and 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 banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking services. More information is available at www.schwab.com and www.aboutschwab.com. (0612-4249)

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Charles Schwab
Jennifer Davis, 415-667-0181
jennifer.davis@schwab.com