Charles Schwab 2012 Annual Report Download - page 2
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Please find page 2 of the 2012 Charles Schwab annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.The Charles Schwab Corporation (NYSE: SCHW) is
an investing services rm with a 40-year history of
innovating and advocating for individual investors
and the nancial advisors who serve them.
TABLE OF CONTENTS
Letter From the CEO
Letter From the CFO
Financial Highlights
Growth in Client Assets and Accounts
Executive Management
Form 10-K
Board of Directors
Corporate Information
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In addition to historical information, this Annual Report to Stockholders contains “forward-looking statements,” which are
identied by words such as “believe,” “expect,” “plan,” “will,” “may,” “estimate,” “target,” “should,” “growth,” “commit,”
“build,” “deliver,” “continue,” “remain,” “gain,” “can,” “certain,” and other similar expressions. In addition, any statements
that refer to expectations, projections, or other characterizations of future events or circumstances are forward-looking
statements. These forward-looking statements, which reect management’s beliefs, objectives, and expectations as of the
date hereof, are necessarily estimates based on the best judgment of the company’s senior management. These statements
relate to, among other things, the company’s growth in market share, revenues, earnings and prots; gathering new assets
(See “Letter from the Chief Executive Ofcer” and “Letter from the Chief Financial Ofcer”); earnings power; launch of a new
401(k) program (See “Letter from the Chief Executive Ofcer”); spending; expenses; and impact of Fed monetary actions
(See “Letter from the Chief Financial Ofcer”). Achievement of the expressed beliefs, objectives, and expectations described
in these statements is subject to certain risks and uncertainties that could cause actual results to differ materially from the
expressed beliefs, objectives, and expectations. Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this Annual Report to Stockholders. See “Forward-Looking Statements” in
Management’s Discussion and Analysis of Financial Condition and Results of Operations on page 44 in the Form 10-K for a
discussion of important factors that may cause such differences.