# Charles Schwab

> Charles Schwab is a financial-services platform spanning self-directed brokerage, professional trading, banking, wealth management, asset management, workplace benefits and custody for independent advisors. Founded by Charles R. Schwab in 1971 and built around lower-cost access for individual investors, the company now serves retail investors, traders, employers and more than 16,000 registered investment advisors. Its scale - $13.08 trillion in client assets and 39.8 million brokerage accounts at June 30, 2026 - lets it combine low headline prices with revenue from interest, asset administration, advice and trading-related activity.

- **Founded:** 1971
- **Headquarters:** Westlake, Texas, United States
- **Founders:** Charles R. Schwab (Founder and Co-Chairman)
- **Team size:** Approximately 33,700 employees
- **Products:** Discount brokerage, Schwab Advisor Services, Mutual Fund OneSource, Schwab Bank Investor Checking, Schwab Intelligent Portfolios
- **Notable:** Pioneered large-scale discount brokerage after U.S. commissions were deregulated in 1975., Eliminated commissions for online U.S. stock, ETF and options trades in 2019, helping reset industry pricing., Completed the acquisition of TD Ameritrade in 2020 and completed the main client conversion in 2024.

## Products & services

- **Discount brokerage** — Self-directed brokerage accounts with access to stocks, ETFs, mutual funds, options, futures, bonds and other investments.
- **Schwab Advisor Services** — Custody, trading, technology and business support for more than 16,000 independent registered investment advisors.
- **Mutual Fund OneSource** — A marketplace designed to simplify access to a broad range of no-load mutual funds without transaction fees.
- **Schwab Bank Investor Checking** — Checking and cash-management services integrated with investing accounts.
- **Schwab Intelligent Portfolios** — Automated ETF portfolios with monitoring and rebalancing; the core program charges no advisory fee and has a $5,000 minimum.
- **thinkorswim** — Desktop, web and mobile platforms with charting, analytics, paper trading and tools for stocks, options and futures.
- **Schwab Wealth Advisory** — Ongoing wealth management and financial planning delivered by teams of professionals for eligible clients.
- **Workplace Financial Services** — Retirement plans, stock-plan services and financial benefits supporting 5.8 million workplace plan participants at year-end 2025.
- **Portfolio Insights** — Generative-AI summaries that explain daily portfolio changes using market news and Schwab research; positioned as information rather than investment advice.
- **Schwab Crypto** — Direct Bitcoin and Ethereum trading for eligible retail clients.
- **Forge private-market access** — Direct and fund-based access for eligible investors to private-company shares following Schwab's acquisition of Forge Global.

## Achievements

- Pioneered large-scale discount brokerage after U.S. commissions were deregulated in 1975.
- Eliminated commissions for online U.S. stock, ETF and options trades in 2019, helping reset industry pricing.
- Completed the acquisition of TD Ameritrade in 2020 and completed the main client conversion in 2024.
- Reached $13.08 trillion in client assets and 39.8 million active brokerage accounts at June 30, 2026.
- Ranked first in total client assets and RIA custodial assets among cited peers in its 2025 business update.
- Named the 2026 #1 Overall Broker by StockBrokers.com, including top rankings for active trading desktop platform, advanced trading and customer service.
- Generated record 2025 net revenue of $23.9 billion and $519.4 billion in core net new assets.
- Completed the approximately $660 million acquisition of Forge Global in March 2026.

## Latest updates

- **2026-07** — Reported record second-quarter revenue and earnings, $13.08 trillion in client assets, 48.0 million total client accounts and record daily average trading volume of 11.9 million.
- **2026-07** — Launched Schwab Crypto with direct Bitcoin and Ethereum trading for eligible retail clients.
- **2026-05** — Began rolling out Portfolio Insights, its first generative-AI capability for retail clients, to explain daily portfolio changes and relevant news.
- **2026-03** — Completed the approximately $660 million acquisition of Forge Global, adding a marketplace, funds and data for private-company shares.
- **2026-01** — Received the 2026 #1 Overall Broker ranking from StockBrokers.com and recognition across trading, service, research and mobile categories.

## Links

- Website: https://www.schwab.com/
- LinkedIn: https://www.linkedin.com/company/charles-schwab
- Twitter/X: https://x.com/CharlesSchwab
- YouTube: https://www.youtube.com/@CharlesSchwab
- Instagram: https://www.instagram.com/charlesschwab/
- Facebook: https://www.facebook.com/CharlesSchwab/

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Profile page: https://yespress.io/charles-schwab
Published by YesPress — https://yespress.io
Last updated: 2026-08-13