SCHWAB CHARLES CORP

Founded in 1971, Charles Schwab Corporation operates as a savings and loan holding company providing wealth management, securities brokerage, banking, asset management, and financial advisory services across the United States and internationally. The company serves both individual investors and financial advisors through a range of digital and traditional channels, including branch offices and online platforms.

The company's Investor Services segment offers retail brokerage accounts with capabilities for equity, fixed income, options, futures, and forex trading, alongside cash management products such as money market funds and certificates of deposit. It also provides access to third-party mutual funds through dedicated marketplaces, exchange-traded funds, and advisory solutions including managed portfolios and separately managed accounts. The Advisor Services segment serves independent financial advisors with custodial services, clearing capabilities, administrative support, and technology platforms.

In addition to brokerage and trading services, the company operates banking operations providing checking and savings accounts, residential mortgage lending, home equity lines of credit, and pledged asset lines. It also administers retirement plans and equity compensation arrangements for plan sponsors, offering recordkeeping services for stock options, restricted stock, and other equity instruments. The company employs approximately 33,000 full-time employees and maintains headquarters in Westlake, Texas.