iPad users will now be able to transfer funds between Schwab Bank and brokerage accounts, manage their trades and keep up with market information with automatically updating quotes and the latest financial news through their Schwab app.

"The demand for our anytime, anywhere banking and investing approach continues to grow—our mobile customer base has more than doubled since we launched the iPhone app a year ago and today over half a million clients are using Schwab's mobile apps. The new iPad app gives investors another way to interact with their finances and take advantage of the iPad's unique features, including larger charts that allow for more detail and interactivity and the ability to display summary and detailed information all at the same time," said Diane Russell, Charles Schwab senior vice president of platform services.

Using Schwab's app for iPad, clients will be able to execute trades in their brokerage accounts, view up to 24 months of brokerage or Schwab Bank transaction history, obtain full-page quotes with charts, find the nearest branch with the Schwab Branch Locator and stay on top of the latest news on their investments. Schwab clients will also be able to check the balance of Schwab-administered 401(k)s, stock option plans and Schwab 529 College Savings Plans. This new app complements Schwab's existing OnInvesting iPad app, an interactive personal finance magazine available to any iPad user.

Schwab plans to add a number of new updates to their mobile apps in early 2012, including Schwab Bank Bill PayTM.

"Our approach to mobile is to benefit as many of our clients as possible in a way that's complementary to how our clients already engage with us, whether that's by phone, online or in person," said Russell.