The firm's advisors have lined up possible purchasers of new shares in the bank as part of a rescue plan.
A majority of the bank's investors voted in favor of a shareholder proposal requesting an annual public report on efforts to prevent harassment and discrimination against employees.
While the firm added $28 billion in new funds from clients during the quarter, revenue at the wealth business fell short of estimates.
US investors pulled $5.2 billion from environmental, social and governance funds last quarter, according to a report by Morningstar.
Rising concerns over pending regulatory changes and customers moving cash to higher yielding accounts have erased more than $60 billion in market value from the firm's January highs.
The state’s Senate approved a bill that bans state and local governments from using environmental, social, governance criteria when selling debt or investing public money.
The company's earnings report showed deposits tumbled 30% during the first quarter, in line with analysts' expectations; Schwab also announced that it's halting stock buybacks.
The bank attracted wealthy clients with loans that have become a costly hurdle to finding a rescuer.
Andy Saperstein oversees the $4.5 billion wealth management unit that's catapulted Morgan Stanley's market value above that of archrival Goldman.
Schwab's stock plunged 33% in March, in its worst month since 1987, and investors will be looking for signs of the firm's longer-term prognosis when it reports Q1 earnings Monday.
