The Charles Schwab Corporation, founded in 1971 by Charles R. Schwab, is a leading American multinational financial services company. Initially established as a traditional brokerage firm, it revolutionized the industry in 1975 by introducing discount brokerage services, thereby democratizing access to financial markets. Over the decades, Schwab has expanded its offerings to include a wide array of services such as commercial and personal banking, wealth management, investment advisory, and financial planning. As of December 31, 2024, the company managed $10.10 trillion in client assets, serving 36.5 million active brokerage accounts, 5.4 million workplace retirement plan participant accounts, and 2.0 million banking accounts. The acquisition of TD Ameritrade in 2020 further bolstered Schwab’s market position, enhancing its service capabilities and client reach. Headquartered in Westlake, Texas, Schwab operates over 380 branches, primarily in the United States and the United Kingdom, and continues to be a significant player in the financial services industry.
