Charles Schwab Corporation (The)
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in mil. unless spec.Company Description
- CEO
- Richard A. Wurster
- Full Time Employees
- 33,000
- Sector
- Finance
- Industry
- Investment banks/Brokers
- Address
- 3000 Schwab Way Westlake TX United States 76262
- IPO Date
- Sep 22, 1987
- CIK
- 0000316709
- Website
- schwab.com
- Similar Companies
- Business
- The Charles Schwab Corporation (NYSE: SCHW) provides a full range of brokerage, banking, wealth management, and financial advisory services to individual retail investors, independent registered investment advisors, and institutional clients; its core offerings include commission-free online trading of listed stocks, ETFs, and options, no-load and no-transaction-fee mutual funds through the Mutual Fund OneSource service, retirement plan services encompassing IRAs and 401(k) plans, banking products such as Schwab Bank Investor Checking accounts with unlimited ATM fee rebates worldwide, investment advisory through Schwab Intelligent Portfolios and Premium, managed portfolios via Schwab Wealth Advisory, alternative investments including hedge funds, private equity, private credit, and real estate, annuities, futures, forex, international stocks, margin lending, pledged asset lines, cryptocurrency exposure, and donor-advised funds via DAFgiving360; the company also supports custodial services for advisors, equity compensation plans, and compliance solutions. Founded in 1971 by Charles R. Schwab in San Francisco, California, and headquartered in Westlake, Texas since 2021, The Charles Schwab Corporation operates over 380 branches primarily in the United States and the United Kingdom, with additional offices in Hong Kong and London, serving more than 36.5 million active brokerage accounts, 5.4 million workplace retirement plan participants, and 2.0 million banking accounts holding approximately $10.10 trillion in client assets as of December 31, 2024. In recent developments, the company completed the integration and shutdown of TD Ameritrade following its $26 billion acquisition in 2020, with Toronto-Dominion Bank divesting its remaining stake in early 2025; Rick Wurster succeeded Walt Bettinger as CEO on January 1, 2025; Schwab launched Schwab Alternative Investments Select for eligible retail clients and Schwab Private Issuer Equity Services for late-stage private companies; and in November 2025, it agreed to acquire Forge Global Holdings, a San Francisco-based private market platform, for $660 million to enhance liquidity, transparency, and access to private assets like pre-IPO shares for retail and advisory clients, with CEO Wurster signaling openness to further M&A in 2025.
Company News
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