This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Peter Crawford, Senior Vice President, Charles Schwab (Photo: Business Wire)

Stocks in this article: SCHW

Charles Schwab has extended its agreement with J.P. Morgan to provide Schwab clients with access to a broad range of J.P. Morgan’s fixed income securities.

Peter Crawford, senior vice president, Charles Schwab (Photo: Business Wire)

Peter Crawford, senior vice president, Charles Schwab (Photo: Business Wire)

The agreement, originally signed in 2010, gives Schwab’s 9.1 million client brokerage accounts 1 access to J.P. Morgan’s new issue and secondary municipal bonds and corporate debt securities. Schwab clients have had access to more than 800 new corporate issues through J.P. Morgan since 2011. In 2013, total orders for these corporate new issues saw an increase of 70 percent over 2012, and the total face value of those orders well more than doubled in that time.

“Retail demand for access to this traditionally institutional product has exceeded our expectations,” said Peter Crawford, senior vice president at Charles Schwab. “The response has been significant, and I’m thrilled that we’re continuing this successful program with J.P. Morgan.”

Crawford continued, “We believe this agreement has been an important step on the road to changing a market that previously was the near-exclusive domain of institutional investors.” As access to bond issues has become possible for more investors, he noted, demand and participation by both retail clients and Registered Investment Advisors (RIAs) has grown dramatically, particularly in the area of new corporate bond issuance.

Additionally, since the agreement was put in place, Schwab clients have participated in nearly 1,200 negotiated and competitive municipal deals, placed more than 12,300 orders and invested more than $1.9 billion in new issue municipal securities offered by J.P. Morgan.

“Our fixed income issuer clients have benefitted from exposure to one of the largest retail brokerage platforms in the country,” said Paul Palmeri, head of Public Finance at J.P. Morgan. “We are pleased to be able to continue bringing Schwab clients access to our fixed income primary and secondary offerings.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs