SCHW · Company
The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services. It offers brokerage accounts with equity and fixed income trading, margin lending, options trading, futures and forex trading, and cash management capabilities, including money market funds, and certificates of deposit; third-party mutual funds through the Mutual Fund Marketplace and Mutual Fund OneSource service, as well as mutual fund trading and clearing services to broker-dealers; exchange-traded funds; advisory solutions for managed portfolios, separately managed accounts, customized personal advice for tailored portfolios, specialized planning, and full-time portfolio management; banking products comprising checking and savings accounts, first lien residential real estate mortgage loans, home equity lines of credit, and pledged asset lines; and trust custody services, personal trust reporting services, and administrative trustee services. It provides digital and software based trading platforms; research tools, and multichannel support, real-time market data, options trading; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; retirement plan services; mutual fund clearing services; and advisor services, including interactive tools and educational content. The Company operates through branch offices. The Charles Schwab Corporation was founded in 1971 and is headquartered in Westlake, Texas.
The Charles Schwab Corporation is an American multinational financial services company. It offers banking, commercial banking, investing, and related services including consulting, and wealth management advisory services to both retail and institutional clients. One of the largest banks in the United States by assets, as of December 31, 2024, it had $10.10 trillion in client assets, 36.5 million active brokerage accounts, 5.4 million workplace retirement plan participant accounts, and 2.0 million banking accounts. It also offers a donor advised fund for clients seeking to donate securities. It was founded in San Francisco, California, and is headquartered in Westlake, Texas. It has over 380 branches, primarily in financial centers in the United States and the United Kingdom. Wikipedia ↗
Founders: Charles R. Schwab · Headquarters: San Francisco
www.aboutschwab.com ↗Management
| Mr. Charles Robert Schwab | Founder & Co-Chairman | 88 | 3,540,089 USD |
| Mr. Richard Andrew Wurster C.F.A., CMT | CEO, President & Director | 51 | 6,067,650 USD |
| Mr. Michael Daniel Verdeschi | MD & Chief Financial Officer | 56 | 3,767,676 USD |
| Mr. Jonathan M. Craig | MD, Head of Investor Service & Head of Retail Investing | 53 | 2,770,290 USD |
| Mr. Tim Heier | MD & CTO | — | — |
| Ms. Shannon L. Jurecka | Managing Director & Chief Administrative Officer | 55 | — |
| Mr. Peter J. Morgan III | MD, General Counsel & Corporate Secretary | 60 | — |
| Ms. Stacy Hammond | MD & Chief Marketing Officer | — | — |
| Ms. Lisa Kidd Hunt | MD & Head of International Services | — | — |
| Mr. Nigel J. Murtagh | MD & Chief Risk Officer | 61 | — |
Buybacks, dividends, acquisitions (millions USD)
| Year | Buybacks | Dividends | Acquisitions |
|---|---|---|---|
| 2021 | — | — | — |
| 2022 | 4,395 | 2,110 | — |
| 2023 | 3,309 | 2,276 | — |
| 2024 | -0 | 2,275 | — |
| 2025 | 9,804 | 2,329 | — |
Shares outstanding since 2016: +30.0% 1.33 bn → 1.73 bn. Fewer shares — the company buys them back and each holder owns more.
Subsidiaries and acquisitions
Source: Wikidata. Year — when the company joined the group (acquired or created).
| CyBerCorp | — |