Charles Schwab Launches New Flagship San Francisco Branch Office

Oct 31, 2009 (Close-Up Media via COMTEX) -- SCHW | Quote | Chart | News | PowerRating -- Charles Schwab & Co., a financial services firms, has relocated its flagship San Francisco branch office to 100 Post St. from 101 Montgomery St. and hosted a ceremonial opening of the new branch.

Charles R. Schwab, founder and chairman, Gavin Newsom, Mayor of San Francisco, and Carrie Schwab-Pomerantz, president of the Schwab Foundation, spoke at the event.

"Thirty-five years ago we opened our first branch office in this city in a time of financial distress not unlike today," said Schwab. "As a city and nation we overcame that period of difficulty, and it is our hope that the opening of this new flagship branch will coincide with a similar return to financial stability and optimism. From small beginnings in 1974 to today, we have made every effort to support and empower the individual investor. We will continue this mission at 100 Post St., our other offices in San Francisco and all of the more than 300 branches across the country that provide a place for our clients to meet face to face with a Schwab financial consultant and get help to achieve their financial goals."

The Charles Schwab Corp., has been present in the city for 35 years, offering a broad range of services and capabilities to help clients achieve their financial goals. Today the company has over 25 percent of its national workforce here in the city, some 3,200 employees in San Francisco. The Post St. branch office, one of many branches in the greater Bay Area, will be led by Branch Manager John Paloglou and more than 25 financial consultants who are committed to providing Schwab clients with advice and service, including portfolio consultations, an array of saving and investing products, fact-based market research, and a New York Times-sponsored financial library. The branch office is also home to more than 50 Schwab employees who serve independent investment advisors, employer retirement and stock plans, and retail investors.

"Charles Schwab, both the name and the investment firm, have been synonymous with San Francisco for nearly four decades," said Mayor Newsom. "The opening of this office illustrates Schwab's continued commitment to the city and residents of San Francisco."

The Charles Schwab Corp. also used the occasion to donate $25,000 in memoriam for GAP Co-Founder and Schwab Board Member of 23 years, Donald G. Fisher, to the KIPP Academy of San Francisco -- part of the national network of free, open-enrollment, college-preparatory public schools designed to support the education of underserved communities.

The flagship location offers 12,587 square feet of space for people to work with financial consultants, check on accounts and attend workshops. Additional square footage on the second and third floors house employees of the firm. Designed with health and the environment in mind, the branch office makes use of construction finishes with low emitting materials, water use reduction devices, energy optimization tools and other green building practices. Keeping with Schwab's heritage, a new clock reminiscent of the well-known land mark at the previous financial district location (101 Montgomery St.) provides the time, temperature, and stock market data.

The Charles Schwab Corp. is a provider of financial services, with more than 300 offices and 7.6 million client brokerage accounts, 1.5 million corporate retirement plan participants, 667,000 banking accounts, and $1.36 trillion in client assets.

Charles Schwab Foundation is a private, nonprofit organization created by The Charles Schwab Corp.

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