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January 01 2006

Operation HOPE Receives $25,000 Donation from Charles R. Schwab Impact Award Recipient Tim Kochis

Kochis cited for visionary leadership, operational excellence and technology innovation

(Los Angeles, CA) December 6, 2006  -- Operation HOPE today announced that Tim Kochis, recipient of the Charles R. Schwab Impact Award named HOPE as his favorite charity to receive the $25,000 charitable donation from Schwab Institutional. The award is a new industry awards program honoring advisors and firms which have advanced the industry through their visionary leadership, operational excellence and technology innovation. 

I am honored to be recognized for this award. It really reflects on the growth and maturity of the investment industry, rather than me personally. And I am pleased to name Operation HOPE to receive the $25,000 award. Their contribution to financial literacy,  especially for low-wealth youth, and their mission of ‘Silver Rights’ really exemplifies their commitment to break the cycle of poverty and bring opportunity and empowerment to under-resourced communities. I think it is important to educate the disadvantaged about smart money management and how it contributes to success,” said Kochis.  

 Since its founding in 1992, Operation HOPE has invested more than $325 million into the communities and educated more than 250,000 youth and adults through homeownership, small business ownership, adult and youth financial education and other financial services. It is supported in a variety of ways by 300 private sector partners and more than 1,100 government and non-profit partners combined. At the core of HOPE’s mission to eradicate poverty and empower the wealthless are silver rights – a movement to bring financial literacy, access to capital and equity of opportunity for the underserved.   

 

It is hard to ignore the many contributions that Tim Kochis has made as an independent investment advisor throughout his 33 years in the business,” said HOPE CEO and Founder John Hope Bryant. “As the co-founder and CEO of Kochis Fitz, a premier, Bay Area wealth management firm, Kochis has dedicated his time and expertise to build an excellent reputation for the industry worldwide. We are proud that he recognizes Operation HOPE and its mission to change the way people think about poverty through financial education and hope that others will also realize that change is a process.” 

 

About the IMPACT Awards

Independent investment advisors have fundamentally changed the financial services landscape by providing more objective, independent advice to affluent investors. The IMPACT Awards, established by Schwab Institutional, recognize The IMPACT Awards(TM) recognize organizations and individuals in three categories: Best-in-Business, Best-in-Technology and the Charles R. Schwab IMPACT Award(TM). The IMPACT Awards are judged by a panel of recognized experts and presented at IMPACT(R), one of the industry\'s leading conferences. For more information, visit impactawards.schwab.com.

 

About Schwab Institutional 

Schwab Institutional, a division of Charles Schwab & Co. Inc., is a leading provider of custodial, operational and trading support for independent fee-based investment advisors. Client assets custodied with Schwab Institutional stood at $468 billion as of September 30, 2006. These assets, managed by the approximately 5,000 independent advisor firms Schwab Institutional serves, represent approximately one-third of total client assets custodied with the Charles Schwab Corporation.