Charles Schwab Inc. is an American multinational financial services company founded in 1971 and headquartered in Westlake, Texas. It serves individual investors, financial advisors and institutional clients across brokerage, retirement planning, banking, wealth management and investment advisory services. The firm reports approximately $11.9 trillion in assets under management as of 2025, more than 10,000 employees and over 380 branches across the United States, alongside operations in international markets.
The company's technology underpins a product line that includes brokerage accounts offering $0 online stock, option and ETF trade commissions, retirement planning services, banking services delivered through Charles Schwab Bank, SSB (member FDIC), wealth management, and investment advisory services for individual and institutional clients. Trading, banking and advisory operations at this scale are delivered to a broad retail and institutional customer base.
Schwab describes itself as a pioneer of low-cost investing and states a mission of championing individuals' financial goals with passion and integrity. The company emphasises a client-centric approach and a commitment to broadening access to investing and financial planning.
