Overview
The Charles Schwab Corporation (NYSE: SCHW) has been a leader in financial services for nearly four decades, working to make investing more affordable, accessible and understandable to all.
Fast Facts
- Employees: 14,100 full-time employees
- Leadership: Chairman Charles Schwab; President and Chief Executive Officer Walt Bettinger
- Financial Results: For the twelve months ending Dec. 31, 2011, The Charles Schwab Corporation reported net revenue of $4.691 billion and total client assets of $1.68 trillion.
- Locations: Headquartered in San Francisco, Schwab maintains offices in Austin, Cleveland, Denver, Indianapolis, Jersey City, Phoenix, and Orlando. Schwab also operates 302 domestic branch offices in 45 states, one branch in Puerto Rico and one branch in London. Hong Kong clients are served through a Schwab subsidiary.
A History of Innovation
Schwab's pioneering history includes innovation in financial products, services and technology.
1971 |
Incorporated as First Commander Corporation |
1973 |
Changed name to Charles Schwab & Co. Inc. |
1975 |
Launched discount brokerage |
1984 |
Introduced Mutual Fund MarketPlace® with 140 no-load funds |
1987 |
Began serving independent investment advisors |
1990 |
Launched Schwab Funds® money market mutual funds |
1992 |
Introduced no-annual-fee IRA and no-transaction-fee Mutual Fund OneSource© service |
1995 |
Launched first website at Schwab.com |
2002 |
Launched Schwab Equity Ratings® |
2003 |
Launched Charles Schwab Bank |
2007 |
Introduced High Yield Investor Checking™ account |
2009 |
Offered first exchange-traded funds (ETFs) that trade commission-free online |
2010 |
Reported annual net revenues of $4.25 billion |
"At Schwab, we strive to put the client first and see the world through the clients' eyes."
— President and Chief Executive Officer Walt Bettinger
Fact Sheets
Corporate Headquarters
The Charles Schwab Corporation
211 Main Street
San Francisco, CA 94105
