Welcome to our dedicated page for Schwab Municipal Money Fund;Investor news (Ticker: SWTXX), a resource for investors and traders seeking the latest updates and insights on Schwab Municipal Money Fund;Investor stock.
Schwab Municipal Money Fund;Investor (SWTXX) provides investors with tax-efficient exposure to high-quality municipal securities through its conservative money market strategy. This news hub delivers essential updates about the fund's operations, portfolio management decisions, and regulatory developments.
Investors and analysts can track key announcements including dividend declarations, expense ratio adjustments, and credit quality updates for underlying holdings. The curated news collection serves as a centralized resource for understanding SWTXX's position in changing interest rate environments and municipal market conditions.
Content focuses on regulatory compliance updates, portfolio manager commentaries, and strategic shifts in asset allocation. Users benefit from timely access to SEC filings, shareholder reports, and objective analyses of the fund's risk management practices.
Bookmark this page for ongoing insights into SWTXX's performance within the competitive municipal money market space. Verify critical information directly through official Schwab disclosures before making investment decisions.
The Charles Schwab Corporation announced the results of the Federal Reserve’s 2022 Comprehensive Capital Analysis and Review, revealing a stress capital buffer (SCB) of 2.5%, meeting the minimum requirement. As of March 31, 2022, Schwab's Common Equity Tier 1 (CET1) ratio stood at 18.9%, significantly above the regulatory minimum. The consolidated Tier 1 Leverage Ratio was reported at 6.1%, slightly below the long-term objective but above the regulatory standard. CFO Peter Crawford emphasized Schwab's strong capital position and commitment to long-term growth.
Schwab Asset Management announced a reduction in operating expense ratios for 10 of its ETFs and mutual funds, enhancing investor cost-effectiveness. This follows a previous fee reduction in December 2021 for five fixed income ETFs. Notable changes include a decrease in the Schwab International Opportunities Fund's net operating expense ratio from 1.25% to 0.83%. Schwab emphasizes its commitment to affordable, accessible investment products, managing approximately $623.1 billion in discretionary assets as of March 31, 2022.
Charles Schwab has announced the rebranding of its advisory service from Schwab Private Client (SPC) to Schwab Wealth Advisory (SWA) effective next month. This change aims to better reflect its comprehensive wealth management services, which currently serve over 70,000 households with approximately $146 billion in assets as of December 31, 2021. The average household in SWA has more than $2 million in enrolled assets. The program maintains its annual fee starting at 0.80% of billable assets, decreasing with higher asset levels, with no change in client service or costs.
The Charles Schwab Corporation announced its Monthly Activity Report for May 2022, highlighting core net new assets of $32.8 billion from both new and existing clients. Total client assets reached $7.30 trillion, reflecting a 1% decrease from May 2021 but stable compared to April 2022. Client cash as a percentage of assets increased to 12.0%. CFO Peter Crawford noted that rising interest rates and strong business momentum suggest expected sequential revenue growth of 7.5% to 8.5% for Q2 2022, while GAAP expenses are projected to remain flat.
The Charles Schwab Corporation has reached a $186.5 million settlement with the SEC regarding historical disclosures related to its Schwab Intelligent Portfolios (SIP) from 2015-2018. Although Schwab neither admits nor denies the allegations, this settlement aims to resolve the investigation and allows the company to focus on client services. The settlement involves Schwab Wealth Investment Advisory and Charles Schwab Investment Advisory, and funds will be distributed to affected investors. Since its launch, SIP has provided automated, diversified portfolios to hundreds of thousands of clients.
The SDBA Indicators Report from Charles Schwab reveals that the average account balance across self-directed brokerage accounts (SDBAs) in Q1 2022 was
The Charles Schwab Corporation has declared a dividend of
