The Charles Schwab Corporation is a leading American financial services firm that provides a broad range of investment, advisory, banking and retirement products and services. Through its brokerage platform, Schwab offers individual and institutional investors access to stocks, bonds, mutual funds, exchange-traded funds (ETFs), options and other securities. The company also operates full-service wealth management and financial planning practices, serving clients who seek personalized advice and portfolio management strategies.
In addition to its core brokerage business, Charles Schwab offers banking services through its Schwab Bank subsidiary, including checking and savings accounts, home loans, and lines of credit. Its Schwab Intelligent Portfolios and Schwab Intelligent Income services deliver automated investment solutions and retirement income planning tools, harnessing proprietary algorithms to construct diversified portfolios and manage risk. The firm’s custody and trading services support independent investment advisors, registered investment advisors (RIAs) and family offices with technology platforms, research resources and operational support.
Founded in 1971 by Charles R. Schwab, the company helped pioneer discount brokerage and played a significant role in democratizing access to financial markets. Over the decades, Schwab has expanded through organic growth and strategic acquisitions, most notably its 2020 merger with TD Ameritrade, which significantly increased its client base and technological capabilities. Headquartered in Westlake, Texas, Schwab maintains regional offices and branch locations across the United States and offers services to clients around the globe.
The firm is led by President and Chief Executive Officer Walter W. Bettinger II, who has overseen Schwab’s transformation into a diversified financial services powerhouse. The board of directors includes experienced industry executives and independent members who guide corporate governance and strategic direction. With a focus on innovation, low-cost solutions and client-centric service, Charles Schwab continues to adapt to evolving market dynamics and investor needs.
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