Charles Schwab 2013 Annual Report Download - page 134

Strategy + Design by Unboundary, Inc., Atlanta, GA | Printing by Lithographix, Inc. | This report includes recycled paper.
THE CHARLES SCHWAB
CORPORATION
211 Main Street
San Francisco, CA 94105
[phone]
www.aboutschwab.com
The Charles Schwab Corporation (NYSE:
SCHW) is a leading provider of nancial
services, with more than 300 ofces and
9.1 million active brokerage accounts,
1.3 million corporate retirement plan
participants, 916,000 banking accounts,
and $2.25 trillion in client assets as of
December 31, 2013. Through its operating
subsidiaries, the company provides a full
range of securities brokerage, banking,
money management, and nancial
advisory services to individual investors
and independent investment advisors.
Ofce of the Corporate Secretary
[phone]
ANNUAL MEETING
The annual meeting of stockholders
will be conducted at 2:00 p.m. (Pacic
Time) on May 15, 2014, at 211 Main
Street, San Francisco, CA, and via
the Internet. To register, visit:
www.schwabevents.com/corporation
PUBLICATIONS
To obtain the company’s annual
report, 10-K, 10-Q, quarterly earnings
release, or monthly activity report
without charge, contact:
Charles Schwab Investor Relations
211 Main Street
San Francisco, CA 94105
[phone]
These documents may also be
viewed in the Investor Relations
section of the company’s website
at www.aboutschwab.com.
STOCK OWNERSHIP SERVICES
All stockholders of record are welcome
to participate in The Charles Schwab
Corporation Dividend Reinvestment and
Stock Purchase Plan, managed by Wells
Fargo Bank, N.A. For information on
the Dividend Reinvestment and Stock
Purchase Plan, or for assistance on stock
ownership questions, contact: Transfer
Agent & Registrar Wells Fargo Bank, N.A.
Shareowner Services
P.O. Box 64854
St. Paul, MN 55164
[phone]
www.shareowneronline.com
ABOUT THIS ANNUAL REPORT
CEO and CFO Certications:
The Charles Schwab Corporation
has included as exhibits to its Annual
Report, on Form 10-K for the year
ended December 31, 2013, led with the
Securities and Exchange Commission,
certicates of its Chief Executive Ofcer
and Chief Financial Ofcer certifying the
quality of the company’s public disclosure.
TRADEMARKS OR
REGISTERED TRADEMARKS
Charles Schwab, Schwab, Schwab
Bank, and other trademarks appearing
herein, which may be indicated by “®”
and “™,” are registered trademarks or
trademarks of Charles Schwab & Co., Inc.,
or an afliated entity in the U.S. and/or
other countries. These trademarks and
registered trademarks are proprietary to
Charles Schwab & Co., Inc., or an afliated
entity in the U.S. and/or other countries.
Android is a trademark of Google Inc.
CHARLES SCHWAB FOUNDATION
Carrie Schwab-Pomerantz,
President of Charles Schwab
Foundation and Senior Vice President,
Charles Schwab & Co., Inc.
www.aboutschwab.com/community
Email: charlesschwabfoundation
@schwab.com
CUSTOMER SERVICE
Investor Services: [phone]
www.aboutschwab.com
Advisor Services: [phone]
www.schwabadvisorcenter.com/public
INVESTOR RELATIONS
Richard G. Fowler, Senior Vice President
(415) 667-18 41
Email: [e-mail]
LEGISLATIVE & REGULATORY AFFAIRS
Jeffrey T. Brown, Senior Vice President
325 7th Street NW, Suite 200
Washington, DC 20004
[phone]
MEDIA RELATIONS
Greg Gable, Senior Vice President
Media Hotline: [phone]
Email: [e-mail]
INDEPENDENT AUDITORS
Deloitte & Touche LLP
555 Mission Street
San Francisco, CA 94105
[phone]
www.deloitte.com
OUTSIDE COUNSEL
Arnold & Porter LLP
Three Embarcadero Center, 10th Floor
San Francisco, CA 94111-4024
www.arnoldporter.com
CORPORATE INFORMATION ii
© 2014 The Charles Schwab Corporation. All rights reserved.
The Charles Schwab Corporation (NYSE: SCHW) is an investing
services rm with a history of innovating and advocating for individual
investors and the advisors and institutions 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
2
9
12
13
14
15
i
ii
In addition to historical information, this Annual Report to Stockholders contains “forward-looking
statements,” which are identied by words such as “believe,” “expect,” “will,” “may,” “should,” “growth,”
“commit,” “build,” “deliver,” “continue,” “remain,” “gain,” “can,” “likely,” “improve,” “drive,” “achieve,”
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 reect 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 client assets,
market share, revenues, earnings, and prots (See “Letter from the Chief Executive Ofcer” and “Letter
from the Chief Financial Ofcer”); increase in interest rates and revenue impact; headwinds (See “Letter
from the Chief Executive Ofcer”); expenses; earnings power; capital formation outpacing balance
sheet growth; and pre-tax prot margin (See “Letter from the Chief Financial Ofcer”). 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 46 in the Form 10-K for a discussion of important factors that may
cause such differences.