Charles Schwab Corp (The)

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Charles Schwab Corp (The) company profile

CEO

Richard Andrew Wurster

Employees

33,900

Headquarters

3000 Schwab Way, Westlake, TX 76262, US

Sector

Financial Services

Industry

Financial - Capital Markets

IPO date

22 Sept 1987

Stock exchange

NYSE

ISIN

US8085131055

Website:aboutschwab.com

About the company

The Charles Schwab Corporation (SCHW) stands as a prominent financial services enterprise, delivering a comprehensive suite of offerings that encompass wealth management, securities trading and brokerage, banking services, asset administration, custodial solutions, and financial planning advice. Its operations are primarily structured around two core divisions: Investor Services and Advisor Services. The Investor Services segment caters directly to individual retail clients, furnishing a range of services such as brokerage accounts, investment guidance, banking and trust administration, retirement planning, and corporate brokerage offerings. It further assists businesses with the full-service recordkeeping of equity compensation plans (e.g., stock options, restricted stock, performance shares), provides clearing services for retail investors and mutual funds, and offers compliance solutions. Conversely, the Advisor Services segment provides a robust support system for independent investment advisors. This includes custodial services, trading platforms, banking infrastructure, and general operational support. Within this segment, offerings span diverse brokerage accounts for equities, fixed income, margin lending, options, and futures/forex trading. It also facilitates cash management through various instruments, provides access to a broad selection of proprietary and third-party mutual funds and ETFs, and offers comprehensive trading and clearing for these investment vehicles. Furthermore, it delivers sophisticated advice solutions like managed portfolios, separately managed accounts, customized personal financial guidance, and specialized planning. Complementing these are banking products such as checking and savings accounts, first-lien residential mortgages, home equity lines of credit, and pledged asset lines, alongside a full spectrum of trust services including custody, reporting, and administrative roles. As of December 31, 2021, the company maintained an extensive physical presence, with approximately 400 domestic branch offices located across 48 U.S. states and the District of Columbia, in addition to sites in Puerto Rico, the United Kingdom, Hong Kong, and Singapore. Established in 1971, its corporate headquarters are situated in Westlake, Texas.

Employees

Charles Schwab Corp (The) had about 33,000 employees at the end of fiscal year 2025 (31 December 2025), by its annual report. That is 2.8% more than a year before.

Employees at each fiscal year end, as the company reports them in its annual report (10-K); revenue and net income per employee are the fiscal year's over that count.

Who owns Charles Schwab Corp (The)

Institutions such as funds, banks and insurers held 83.1% of Charles Schwab Corp (The)'s shares on 30 June 2026, 2,417 of them reporting holdings to the SEC; the rest is held by individual investors and other shareholders.

How Charles Schwab Corp (The) pays its executives

The chief executive was paid 18.76M USD for fiscal 2025, 68% of it in shares and options.

FY2025 · From the company's proxy statements to the SEC: what each named executive was paid for the fiscal year, shares and options at their value when granted. The latest filing

Common questions about Charles Schwab Corp (The)