Introduction and official website domain name for Charles Schwab, an American financial services company.

Charles Schwab is an online brokerage and personal financial services firm headquartered in San Francisco, California, USA. Founded in 1971, its core businesses include securities brokerage, wealth management, and retail banking. By the end of 2024, the company's annual net revenue reached $19.606 billion and its net profit reached $5.942 billion.

In 1975, the company transitioned to a discount brokerage through a low-commission strategy. It launched online financial services in the 1990s and completed its online transformation with the launch of Schwab.com in 1995. The company expanded its market share through initiatives such as the acquisition of TD Ameritrade. In 2019, it announced approximately 600 layoffs to streamline operations, with further layoffs planned for 2023.

Charles Schwab Corporation (NYSE: SCHW), based in San Francisco, California, is a wealth management company operating brokerage and banking businesses.

Charles Schwab is currently the largest online brokerage in the United States, with $6 trillion in assets under management, a market capitalization of $54.7 billion, and approximately 28 million active brokerage accounts.

Effective October 7, 2019, Charles Schwab will eliminate trading commissions on U.S. and Canadian-listed stocks, ETFs, and options.

On July 1, 2020, Charles Schwab acquired Wasmer, Schroeder & Company, a separately managed fixed income independent investment manager with $10.7 billion in assets under management.

On May 26, 2020, Charles Schwab acquired USAA's managed investment accounts for $1.8 billion in cash.

Company Name: Charles Schwab.

Official Domain: aboutschwab.com.

Domain Created: March 8, 2000.

Country: United States.

Headquarters: Westlake, USA.

Founded: 1971.