Charles Schwab exists to help people achieve better financial outcomes.

We offer investors a contemporary, full-service approach to build and manage their investments, providing investment-related products, services, and sophisticated financial planning that combine the best of what people and technology have to offer.

What We Do

Our belief in the power of investing is a perspective that’s influenced our company from the beginning and creates a powerful bond between us and the investors, employers, and advisors we serve.

 

What we do

Making a Commitment

Schwab offers its clients more choices and tools to help build and manage their financial future.

What we do

45 years ago Schwab made a commitment to individual investors. We’ve been making that  commitment to employers and independent advisors every day.

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Soft music plays. Glowing white text fades in on a dark-blue background.

Onscreen text:
45 years ago
Schwab made a commitment
to individual investors.

Text fades out, and new glowing white text fades in.

Onscreen text:
We’ve been making that 
commitment to employers
and independent advisors.

Text fades out, and new glowing white text fades in.

Every day.

Text fades to black.

Man [off-screen]: Cameras ready? In four, three, two…

A woman in a newsroom walks past the cameras to the main news desk. Someone checks the sound equipment as the woman is fitted with a body mic on her blazer. The ceiling lights in the lobby of a Schwab building turn on. In the newsroom, an employee signals the woman that they’re about to roll the cameras. The sound equipment is adjusted one last time as an “ON AIR” sign lights up. People wearing headsets behind the scenes check that the equipment is running smoothly for the woman about to be recorded: Liz Ann Sonders.

Liz Ann [onscreen]: Investing should never, ever be about a moment in time. Investing should always be a process over time.

Aerial view of a large misty park at sunrise. A man unlocks a revolving door, and the lights in a Charles Schwab branch office come on. A suburban house stands in the sunlight, and inside a man is tying his tie in the bathroom.

Husband: My brother called.

Wife: Oh really, how is he?

Husband: He’s retiring.

Husband and wife stand at the kitchen island; the wife takes off her glasses.

Wife: Wow, nice for him.

Husband: Yeah, but what about us?

They stand silently for a moment, looking at each other.

A hospital admin walks down the stairs of Metropolitan General Hospital with a Schwab representative. They continue talking while walking down a hallway.

Hospital admin: What are my peers doing with their 401(k) plans? What’s going on out there? Are we competitive?

People are seen riding bikes outside an office building and walking up the stairs inside. A company representative approaches the entrance with two Schwab reps. An employee in the lobby looks up from his computer, and a woman somewhere inside the office is giving a presentation. The group sits on sunlit couches in a common area talking.

Company rep: In tech, getting talent is the name of the game. And our stock plan is key. How can you help us?

A young man hugs a woman before getting into the back of a car. He types on his phone while facing the open window. He’s video-calling a Schwab Intelligent Portfolio Premium advisor.

Millennial: If I want to buy a house in like, say, five years, what do I need to do today?

A financial consultant in a suit walks onto a train, sits down, pulls out his computer, and begins typing an email to his Schwab advisor.

Financial consultant: My advisory firm is growing. How can Schwab help me spend more time with my clients?

A man unrolls a building plan inside a space that is being renovated. He greets two Schwab reps who walk up to him and shake their hands. The man then goes on a walk with one of the reps to chat. 

Financial consultant: I put a lot on the line going independent. You guys really going to have my back?

A gray-haired man walks down a city street with dozens of other people and boards a ferry, with the city shoreline in the background. He stands by the railing while talking into an earpiece. 

Financial consultant: Looking for core products for my client’s 401(k). Something with a track record.

The Schwab rep sits across from the company rep in the sunlit common area and answers his question confidently.

Schwab rep: We have lots of ways to help.

The Schwab rep walking down the hallway with the hospital admin responds to her question.

Schwab rep: We can help you with that.

The Schwab rep meeting with the financial consultant in his office under renovation answers his questions.

Schwab rep: We are here to support you.

Aerial view of a suburban area with homes and trees is shown while music plays. 

Onscreen text: Our answers today

The husband and wife stand close together in front of their house. 

Onscreen text: help investors

The hospital admin stands with her arms crossed in the hospital hallway, facing the camera. 

Onscreen text: help employers

The man from the train stands in the train terminal, smiling at the camera. 

Onscreen text: help advisors

Onscreen text: Own your tomorrow

Music continues to play with a woman’s voiceover. 

Onscreen text: Over 11 Million Brokerage Accounts
Woman: Today Charles Schwab is a full-service wealth management leader.

Onscreen text: Over 4 Million Participants
Woman: A leader in retirement plans and supporting independent providers

Onscreen text: Over 2,300 Company Stock and Brokerage Plans
Woman: In workplace financial services

Onscreen text: 7,500 Advisory Firms
Woman: And supporting more independent advisors of all sizes than anyone else.

Onscreen text: Over $348 Billion in Schwab Funds and ETFs*
Woman: We’re one of the fastest-growing asset management firms.

Onscreen text: $3.25 Trillion Total Client Assets†
Woman: With more total assets than any publicly traded investment firm in America.

Music continues to play. 

Onscreen text: To learn more, visit www.schwab.com.

Music changes to simple piano brand melody. 

Onscreen text: Charles Schwab. Own your tomorrow. 

Onscreen text: 
Except where otherwise noted, all figures are per Charles Schwab & Co. data as of 12/31/2018.
*Includes holdings in affiliate funds.
†From publicly available company records.

 

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Who We Serve

  • Individual Investors

    Individual Investors

    Driven, motivated people who believe that personal engagement, a sense of ownership, and a commitment to investing gives them control over their financial futures.

    • More than 365 branches
    • Approximately 1,200 financial consultants
    • $314.8 billion enrolled in advisory solutions
    • 100,000+ financial plans provided to date

    As of July 31, 2019

  • Advisors

    Advisors

    Independent registered investment advisors who believe, like Schwab, that there's a better way to serve investors.

    • #1 in market share for registered investment advisor custody
    • 8,000 advisors served
    • $1.75 trillion in client assets
    • 1,800 professionals dedicated to custody, trading and operations support

    As of July 31, 2019

  • Employers

    Employers

    Employers, and the companies that serve them, understand the long-term, bottom-line value of helping employees toward achieving a secure retirement and optimizing other financial benefits.

    • Over 4 million retirement plan participants served directly and through independent recordkeepers
    • Over 2,300 company stock and brokerage plans
    • Leading retirement plan service provider with more than $150 billion in assets

    As of July 31, 2019

Our Story

Helping Our Clients

Watch this quick overview of what Schwab does for clients

Our Story

Everything we do as a company is focused on helping our clients take ownership of their financial future.

Seeing the world "Through Clients' Eyes" has shaped our trajectory

Putting clients at the heart of the experience has enabled us to create products, services and platforms that have shaped our industry and helped clients meet their financial goals.

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    1975

    Chuck Schwab Creates a Discount Brokerage

    When the SEC deregulated securities commissions, many Wall Street firms raised their commissions. Chuck Schwab cut his and established one of the first discount brokerages.

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    1982

    Schwab Embraces 24/7 Service

    The accepted rule was that firms closed when the markets closed. Schwab understood that clients didn’t keep bankers’ hours and chose to offer 24/7 order entry and quote service.

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    1987

    Financial Advisor Service Launches

    Serving independent investment advisors, Financial Advisor Service exceeds $1 billion in client assets after just one year of business.

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    1992

    Mutual Funds: Access, Convenience, Low Cost

    Mutual fund investors used to face sales loads and other transaction fees through their broker, or had to set up multiple accounts with multiple mutual fund companies to buy direct without transaction fees. Schwab thought this an unnecessary compromise and created Schwab Mutual Fund OneSource®—a one-stop way to invest in a wide array of no-load funds without transaction fees.1

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    1996

    Low-Cost Online Trading

    At the risk of substantial cuts to its commission revenue, Schwab embraced low-cost online investing in the early days of the internet because it benefited the consumer.

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    2002

    Quantitative Fact-Based Ratings

    Investors deserved a fact-based system to assess whether a stock was right to consider buying, selling, or holding. Stock lists at traditional firms were biased toward “buy” and depended heavily on qualitative, subjective assessments. Schwab didn’t think that benefited the clients, so it launched Schwab Equity Ratings, a system that ranked over 3,000 stocks, with equal numbers of buys and sells.

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    2005

    Checking Meets Investing

    Clients should have easy access to their money at all times, whether depositing a check or investing in a mutual fund. That’s why Schwab Bank created its High Yield Investor Checking® account, to provide investors with banking without unnecessary costs.

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    2006

    Affordable Professional Investment Advice

    Managed portfolios provide a convenient way to access professional investment advice, but the cost had been historically high. Schwab Managed Portfolios™ addressed this by providing broadly diversified portfolios with competitive costs.

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    2009

    Commission-Free ETFs

    ETFs provide a great way to get access to a range of asset classes and to build a diversified portfolio. But with commissions, an investor who dollar-cost averages can have their investment undercut by expenses. Commission-free ETFs at Schwab broke new ground by making it possible to build a low-cost diversified portfolio simply.2

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    2012

    A New 401(k) Option

    Personalized low-cost advice may help 401(k) participants reach their retirement goals and achieve better outcomes, but they typically receive single-factor advice found in target-date funds. Schwab Retirement Plan Services, Inc. (SRPS) believed there was another way and developed a groundbreaking approach to the 401(k) combining low-cost index mutual funds or exchange-traded funds offered through SRPS, an FDIC-insured deposit feature, and professional savings and investment advice provided by an independent third-party advisor.

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    2013

    Accountability As Policy

    At Schwab, we believe that every investor deserves accountability. The Schwab Accountability Guarantee™ provides that if, for any reason, a client is not happy with one of our participating investment advisory services, we’ll refund the client’s service fee from the previous quarter.3 While it's no guarantee against loss, and other fees and expenses may still apply, we stand by our word and will work with the client to make things right.

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    2015

    Automated and Simple Investing

    Many investors want and need help managing their money but don’t want to spend a lot of time on it and don’t want to pay a fee for the service. Schwab Intelligent Portfolios™, offered by Schwab Wealth Investment Advisory, Inc., is an online investment advisory service that builds, monitors, and rebalances your portfolio automatically, making access to automated portfolio management convenient and with no advisory fees, account service fees, or commissions charged.

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VIEW OUR FULL HISTORY

Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges, and expenses. You can request a prospectus by calling 800-435-4000. Please read the prospectus carefully before investing.

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Disclosures

[1] Schwab’s short-term redemption fee of $49.95 will be charged on redemption of funds purchased through Schwab’s Mutual Fund OneSource service (and certain other funds with no transaction fees) and held for 90 days or less. Schwab reserves the right to exempt certain funds from this fee, including Schwab Funds, which may charge a separate redemption fee, and funds that accommodate short-term trading.

Trades in no-load mutual funds available through the Mutual Fund OneSource service (including Schwab Funds), as well as certain other funds, are available without transaction fees when placed through Schwab.com or our automated phone channels. For each of these trade orders placed through a broker, a $25 service charge applies. Schwab reserves the right to change the funds we make available without transaction fees and to reinstate fees on any funds. Charles Schwab & Co., Inc. receives remuneration from fund companies participating in the Mutual Fund OneSource service for recordkeeping and shareholder services and other administrative services. Schwab also may receive remuneration from transaction fee fund companies for certain administrative services.

[2] Conditions Apply: Trades in ETFs available through Schwab ETF OneSource™ (including Schwab ETFs™) are available without commissions when placed online in a Schwab account. Service charges apply for trade orders placed through a broker ($25) or by automated phone ($5). An exchange processing fee applies to sell transactions. Certain types of Schwab ETF OneSource transactions are not eligible for the commission waiver, such as short sells and buys to cover (not including Schwab ETFs). Schwab reserves the right to change the ETFs we make available without commissions. All ETFs are subject to management fees and expenses. Please see Charles Schwab Pricing Guide for additional information.

Charles Schwab & Co., Inc. receives remuneration from third-party ETF companies participating in Schwab ETF OneSource™ for record keeping, shareholder services and other administrative services, including program development and maintenance.

[3] Schwab Accountability Guarantee: The guarantee applies to the following investment advisory services ("Participating Services") and associated program fees: (i) Schwab Private Client ("SPC"); (ii) Schwab Managed Portfolios™ ("SMP"); and (iii) Managed Account Connection® ("Connection") for accounts that are managed by investment advisors affiliated with Charles Schwab & Co., Inc. ("Schwab"): Windhaven Investment Management, Inc. ("Windhaven®"), ThomasPartners, Inc. ("ThomasPartners®"), and Charles Schwab Investment Management, Inc. ("CSIM").

The guarantee does not apply to (i) accounts managed by investment advisors that are not affiliated with Schwab; (ii) accounts managed by Schwab-affiliated advisors outside of the SPC, Connection, and SMP programs; or (iii) any other product or service made available by Schwab or its affiliates. SPC, SMP, and Connection are wrap fee programs sponsored by Schwab. If at any time or for any reason you are not completely satisfied with a Participating Service, at your request Schwab will refund the associated program fee for the previous calendar quarter applicable to the Participating Service. The program fee is a percentage of the eligible assets in your Participating Service account(s). You will receive a credit to your Participating Service account(s) within approximately four weeks of your request. No other fees, commissions, charges, expenses, or market losses will be refunded. If Schwab is unable to address your concerns after consulting with you and refunding your program fee, Schwab will work with you to help meet your financial goals. Schwab reserves the right to change this guarantee in the future after providing notice. For additional information regarding associated program fees, please see the disclosure brochure for the Participating Service, available at the time you enroll or upon your request.

Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges, and expenses. You can request a prospectus by calling Schwab at 800-435-4000. Please read the prospectus carefully before investing.

Investment returns will fluctuate and are subject to market volatility, so that an investor's shares, when redeemed or sold, may be worth more or less than their original cost. Unlike mutual funds, shares of ETFs are not individually redeemable directly with the ETF. Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV).

Outcomes are not guaranteed.

Fund operating expenses represent the total of all of a fund's annual fund operating expenses. Management fees are one component of the fund operating expenses. Index funds generally have low management fees because they don't have to pay investment managers to actively manage underlying investments.

Schwab Bank High Yield Investor Checking accounts are available only as linked accounts with Schwab One® accounts. The Schwab One brokerage account has no minimum balance requirements, and there is no requirement to fund this account, when it is opened with a linked High Yield Investor Checking account.

Schwab Index Advantage® provides a combination of index funds with low operating expenses, built-in independent professional advice available through Schwab Retirement Planner®, and Schwab Bank Savings, an interest-bearing, FDIC-insured savings feature available through Charles Schwab Bank. Schwab Retirement Planner provides participants with a fee-based retirement savings and investment strategy, a major component of which is a discretionary investment management service furnished by independent registered investment advisors GuidedChoice Asset Management, Inc.® ("GuidedChoice") or Morningstar Associates, LLC, a wholly owned subsidiary of Morningstar, Inc. GuidedChoice and Morningstar Associates are not affiliated with or agents of Schwab Retirement Plan Services, Inc.; Charles Schwab & Co., Inc., a federally registered investment advisor; or their affiliates. Schwab Index Advantage, including the Schwab Retirement Planner feature, is only available in select retirement plans serviced by Schwab Retirement Plan Services, Inc. Schwab Retirement Plan Services, Inc. and Schwab Retirement Plan Services Company provide recordkeeping and related services with respect to retirement plans.

The Charles Schwab Corporation provides a full range of securities, brokerage, banking, money management, and financial advisory services through its operating subsidiaries. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (“Schwab”), Member SIPC, offers investment services and products, including Schwab brokerage accounts. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides deposit and lending services and products.

Schwab Advisor Services™ serves independent investment advisors and includes the custody, trading, and support services of Schwab. Independent investment advisors are not owned, affiliated with, or supervised by Schwab. Schwab Retirement Plan Services, Inc. and Schwab Retirement Plan Services Company provide recordkeeping and related services with respect to retirement plans.

Schwab Intelligent Portfolios™ charges no advisory fees. Schwab affiliates do earn revenue from the underlying assets in Schwab Intelligent Portfolios accounts. This revenue comes from managing Schwab ETFs™ and providing services related to certain third-party ETFs that can be selected for the portfolios, and from the cash feature on the accounts. Revenue may also be received from the market centers where ETF trade orders are routed for execution. Accounts must maintain a minimum balance of $5,000 to be eligible for automatic rebalancing. Please read the Schwab Intelligent Portfolios™ disclosure brochures for important information.

Schwab Intelligent Portfolios™ is made available through Schwab Wealth Investment Advisory, Inc. (“SWIA”), a registered investment advisor. Portfolio management services are provided by Charles Schwab Investment Advisory, Inc. (“CSIA”). SWIA and CSIA are affiliates of Charles Schwab & Co., Inc. (“Schwab”) and subsidiaries of The Charles Schwab Corporation.

Schwab Equity Ratings and the general buy/hold/sell guidance are not personal recommendations for any particular investor or client and do not take into account the financial, investment or other objectives or needs of, and may not be suitable for, any particular investor or client. Investors and clients should consider Schwab Equity Ratings as only a single factor in making their investment decision while taking into account the current market environment.

Schwab Equity Ratings are assigned to approximately 3,000 of the largest (by market capitalization) U.S. headquartered stocks using a scale of A, B, C, D and F. Schwab's outlook is that A-rated stocks, on average, will strongly outperform and F-rated stocks, on average, will strongly underperform the equities market over the next 12 months. Each of the approximately 3,000 stocks rated in the Schwab Equity Ratings universe is given a score that is derived from several research factors. The assignment of a final Schwab Equity Rating depends on how well a given stock scores on each of the factors and then how that stock stacks up against all other rated stocks.

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Getting it Right

Getting Investing Right

Hear about Schwab's vision to be the most trusted name in investment services

From the beginning, Schwab has championed investors, and the advisors and employers who serve them. We measure our success by getting investing right for our clients so they can achieve their goals and take charge of their financial future.

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“…Schwab is a place that I think has deep empathy for people who start out in life with meager beginnings... but they have a spirit, a spirit about the opportunities out there...”

“… I studied investments quite a bit through school and got to know the landscape pretty well back then… It was very much closed off to the common man…”

“and I began becoming very aware of all the kinds of abuses that I saw towards individual investors…”

“And so…I started to form in my own mind, the kind of company I wanted to develop, one that was really focused on individual investors…”

… That mission of ours was to make it more and more open, for the public to invest and discover…”

“…So we laid-out to bare all the costs…and that’s why all of a sudden…we saw floods of people, average people coming to firms like Schwab”.

“And it was this transparency that really, I think, above everything else made the public see the advantage of dealing with firms like ourselves…”

“Investing is – in a country like America – is absolutely essential for almost everyone…”

“And when you go to – investing – it requires engagement…”

“...engagement is about commitment. It’s about spending time on the things that are really important to you. This means asking tough questions, doing your homework.”

“…there’s nothing more powerful for someone to accept the fact that they are truly the owners of their own future…”

 “and Owners are engaged. They don’t let someone else run their life. They run their own life. They take full responsibility for their outcomes.”

 

 

 

 

 

 

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Schwab Retirement Plan Services, Inc., a wholly owned subsidiary of The Charles Schwab Corporation provides recordkeeping and related services with respect to retirement plans.

Equity compensation plan services and other financial and retirement services to corporations and executives are provided through Charles Schwab & Co., Inc.

The Charles Schwab Foundation is a 501(c)(3) nonprofit, private foundation that is funded by The Charles Schwab Corporation. The Foundation is not a part of The Charles Schwab Corporation or any of its subsidiaries.