Schwab Completes Acquisition of ThomasPartners

  Schwab Completes Acquisition of ThomasPartners

Business Wire

SAN FRANCISCO -- December 17, 2012

The Charles Schwab Corporation today announced the completion of its
acquisition of ThomasPartners, Inc. The acquisition agreement, originally
announced October 15, 2012, includes an upfront payment of $85 million in cash
and the opportunity for additional payments contingent on future growth in
assets under management.

“We are pleased to be able to provide our retail and investment advisor
clients with convenient and cost effective access to ThomasPartners’
investment acumen,” said Walt Bettinger, Schwab president and chief executive
officer. “Their approach to the construction of growth-oriented investment
portfolios that generate dividend income streams makes enormous sense as our
population ages, and will be an important addition to our existing money
management line-up.”

Headquartered in Wellesley, Massachusetts, ThomasPartners is a growth and
dividend income-focused asset management firm with $2.2 billion in AUM as of
November 30, 2012, that has outperformed relevant benchmarks cumulatively
since its inception in March 2003. ThomasPartners’ portfolios will be
available as part of Schwab’s Managed Account Access service for investment
advisors soon after the close and to Schwab retail clients during the first
half of 2013.

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, 1.6million corporate retirement plan participants, 857,000banking
accounts, and $1.92trillion in client assets.The companywas ranked ‘Highest
in Investor Satisfaction With Self-Directed Services’in the 2012 US
Self-Directed Investor Satisfaction Study^SM from J.D Power and Associates.
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; compliance and trade monitoring solutions; referrals to independent
fee-based investment advisors; and custodial, operational and trading support
for independent, fee-based investment advisors through its Advisor Services
division. Its banking subsidiary, Charles Schwab Bank (member FDIC and an
Equal Housing Lender), provides trust and custody services, banking and
lending services and products.

Investment products offered by Charles Schwab & Co., Inc. are not insured by
the FDIC, are not deposits or obligations of Charles Schwab Bank, and are
subject to investment risk, including the possible loss of principal invested.
More information is available at www.schwab.com and www.aboutschwab.com.

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Read our blog: Schwab Talk

Contact:

MEDIA:
Charles Schwab
Alison Wertheim, 415-667-0475
or
INVESTORS/ANALYSTS:
Charles Schwab
Rich Fowler, 415-667-1841
 
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