Charles Schwab Corporation (NYSE: SCHW) is a leading financial services company that provides banking, investment, and wealth management services to individual and institutional clients. Founded in 1971 and headquartered in Westlake, Texas, Schwab has grown to become one of the largest brokerage firms in the US, with USD 9.57 trillion in client assets as of August 2024.
Schwab offers a wide range of products and services, including brokerage accounts, retirement planning, banking, asset management, and advisory services. The company operates through two main segments: Investor Services, which caters to individual investors, and Advisor Services, which serves independent investment advisors. Schwab's brokerage platform allows clients to trade stocks, bonds, mutual funds, ETFs, and options commission-free. The company also provides research tools, market insights, and educational resources to help clients make informed investment decisions.
Schwab reported USD 31.1 billion in core net new assets for May 2024, its second-highest May ever. Total client assets reached USD 9.21 trillion at the end of May, up 20% year-over-year. The company has continued to expand its offerings, launching its first actively managed fixed income ETF, the Schwab Ultra-Short Income ETF, in August 2024. Schwab has also been recognized for its customer service, ranking #1 in Customer Satisfaction for Direct Retail Banking by J.D. Power for three consecutive years.
By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.