Charles Schwab Named Official Investment Firm of America’s Cup

By Community | August 21, 2012

Brokerage and banking company Charles Schwab Corporation has been named as the official investment firm of the 34th America’s Cup.

The San Francisco-Headquartered company will sponsor all the events that lead up to the Finals in July 2013, taking in the Louis Vuitton Cup and the America’s Cup Challenger Series.

According to an official press release: ‘Schwab will be hosting events at America’s Cup venues and Schwab branches throughout the San Francisco Bay Area and will have a significant brand presence during America’s Cup events, including the opening event of the 2012 AC World Series in San Francisco from August 21-26, 2012.’

Laurine Garrity, Charles Schwab Chief Marketing Officer said: “Investing and sailing require a similar mindset, including the need to have a strategic plan and the discipline to keep focused on the future.

“We are excited to be part of this prestigious event in our hometown, and look forward to hosting the America’s Cup competitors and fans over the next year.”

America’s Cup Event Authority chief executive Stephen Barclay added: “When San Francisco was announced as host city in 2010, Schwab registered their interest in partnering with the America’s Cup.

“Through our discussions, we have realised our objectives align and we are delighted to welcome them as a member of the America’s Cup family.

“We are proud to see another blue-chip company join our growing team of partners.”

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, 1.5 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.