Charles Schwab (NYSE:SCHW) Corporation (NYSE:SCHW) is a financial services company that provides brokerage, investment, banking and wealth management services to individual investors, employers, institutions and independent investment advisors. Its offerings include online and mobile trading, securities brokerage, retirement accounts, financial planning, portfolio management, banking products, research and access to mutual funds and exchange-traded funds.
The company operates through businesses including Schwab Brokerage, Schwab Wealth Advisory, Schwab Asset Management and Charles Schwab Bank. It also serves registered investment advisors through custodial, technology and practice-management services. Charles Schwab primarily serves clients in the United States through digital platforms, branch offices and advisor relationships, with additional services available to certain international clients.
Charles Schwab was founded by Charles R. Schwab in 1971 and became known for helping expand the discount brokerage model by emphasizing lower-cost, investor-oriented services. Over time, the company broadened its business through organic growth and acquisitions, including its 2020 acquisition of TD Ameritrade.
Rick Wurster serves as president and chief executive officer of Charles Schwab, while founder Charles R. Schwab remains chairman. The company is headquartered in Westlake, Texas.
