Charles Schwab Announces Sponsorship of 34th America’s Cup
San Francisco-Headquartered Brokerage Named Official Investment Firm of the 34th Americas Cup
SAN FRANCISCO--(BUSINESS WIRE)-- Charles Schwab today announced a sponsorship of the 34th Americas Cup, becoming the official investment firm for the Americas Cup World Series events in San Francisco and the Louis Vuitton Cup, Americas Cup Challenger Series, and Americas Cup Finals in 2013. Over the next 13 months, Schwabs founding city of San Francisco, Calif. will play host to the high-profile international competition and its millions of fans.
07/08/2012 - San Francisco (USA,CA) - 34th America's Cup - America's Cup World Series - Artemis Racing first training in AC45s on San Francisco Bay. (c) ACEA 2012 / photocolumn / photo / Abner Kingman
Investing and sailing require a similar mindset, including the need to have a strategic plan and the discipline to keep focused on the future, said Laurine Garrity, chief marketing officer with Charles Schwab. We are excited to be part of this prestigious event in our hometown, and look forward to hosting the Americas Cup competitors and fans over the next year.
Schwab works with investors through its 300 branches, service centers and robust online offering and the firms focus on the importance of investors having a plan is reflected in its work with clients. Through the end of July 2012, Schwab has conducted approximately 355,000 face-to face interactions with clients, delivered 12,400 complimentary consultations, and assisted more than 26,000 clients with their planning needs. Assets in Schwabs growing advice programs stood at $118 billion as of July 30, 2012, and the firm is adding on average more than $1.5 billion in new assets to these offers each month of 2012.
When San Francisco was announced as host city in 2010, Schwab registered their interest in partnering with the Americas Cup. Through our discussions, we have realized our objectives align and we are delighted to welcome them as a member of the Americas Cup family. We are proud to see another blue-chip company join our growing team of partners, said Stephen Barclay, CEO of the Americas Cup Event Authority.
Schwab will be hosting events at Americas Cup venues and Schwab branches throughout the San Francisco Bay Area and will have a significant brand presence during Americas Cup events, including the opening event of the 2012 AC World Series in San Francisco from August 21-26, 2012.
About Charles Schwab
The Charles Schwab Corporation (SCHW) is a leading provider of financial services, with more than 300 offices and 8.7 million active brokerage accounts, 1.5 million corporate retirement plan participants, 829,000 banking accounts, and $1.82 trillion in client assets as of July 31, 2012. The company was ranked Highest in Investor Satisfaction With Self-Directed Services in the 2012 US Self-Directed Investor Satisfaction StudySM 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; 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 mortgage 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. (0812-5558)
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© 2012 Charles Schwab & Co., Inc. All rights reserved. Member SIPC .
About Americas Cup
One of the most fiercely competitive and sought after trophies in all of sport, the Americas Cup was first raced in 1851, 45 years before the modern Olympics. The U.S. yacht America won, giving the international sailing competition its name.
The next Louis Vuitton Cup, Americas Cup Challenger Series (July August 2013) and Americas Cup Match (September 2013) will be held for the fist time in San Francisco Bay, a natural sailing arena where more than one million spectators are expected.
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Source: Charles Schwab & Co.Copyright Business Wire 2012