Walt Bettinger, president and chief executive of The Charles Schwab Corporation, has a few reasons to smile today. That’s because his firm has received the number-one ranking in the Securities industry category in FORTUNE Magazine’s 2012 list of the World's Most Admired Companies, achieving top scores for innovation, quality of products and services, and financial soundness in the category.

T. Rowe Price and Franklin Resources came in a close second and third respectively, according to the ranking.

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