About The Charles Schwab Corporation
The Charles Schwab Corporation is an American savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to retail and institutional clients. Charles R. Schwab founded the company in 1971 in San Francisco, California. It originally operated as First Commander Corporation before being renamed Charles Schwab & Co., Inc. The company is publicly traded on the New York Stock Exchange under the ticker symbol SCHW. Schwab is organized into two main segments: Investor Services, which covers retail brokerage, investment advisory, banking, and retirement services, and Advisor Services, which supports independent registered investment advisors with custodial, trading, and banking services. The company manages proprietary mutual funds and exchange-traded funds through Charles Schwab Investment Management and offers banking products through Charles Schwab Bank, a federal savings bank. Schwab is headquartered in Westlake, Texas, and serves clients primarily in the United States as well as in select international locations. It is one of the largest financial services firms in the United States, operating across brokerage, banking, and asset management.
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