SCHW News & Events

Charles Schwab announced the availability of the firm's first generative artificial intelligence capability for retail investor clients. The company said, "Designed to help provide greater clarity to investing, the capability delivers insights that bring together portfolio performance, relevant market news, and curated Schwab Center for Financial Research commentary in one simple view to provide context on factors that may potentially be impacting a client's portfolio and why...The new portfolio insights capability integrates Schwab data, research, and third-party market news into timely, tailored summaries for each client's holdings. AI-powered explanations incorporate Schwab expert commentary to help inform and provide critical context to investors. It is designed to provide information, not investment advice. The capability is covered by Schwab's privacy, security, and data standards."

DAFgiving360, the donor-advised fund affiliated with Charles Schwab, has suspended grants to the Southern Poverty Law Center following a U.S. DOJ indictment alleging financial crimes, with similar restrictions also implemented by donor-advised funds affiliated with Fidelity and Vanguard, The New York Times' Ron Lieber reports. A spokeswoman for the Schwab-affiliated fund said: "If a governing body of a charity declares an investigation into a charity it oversees, DAFgiving360 may suspend grants to the organization."