Charles Schwab Inc.

Charles Schwab Corporation is a major American financial services firm founded in 1971 by Charles R. Schwab, headquartered in Westlake, Texas. Known for pioneering discount brokerage services, the company has grown into a leader in wealth management, personal banking, and investment solutions.

With over 380 branches primarily across the United States and the United Kingdom, Charles Schwab serves millions of clients with a diverse range of financial products and a client-centric approach. The firm employs more than 32,000 professionals dedicated to helping clients reach their financial goals through innovative technology and expert advice.

When Was Charles Schwab Corporation Established?

Founded: 1971
Founder: Charles R. Schwab
Headquarters: Westlake, Texas, USA
Industry: Financial Services
Global Locations: Over 380 branches across the U.S. and U.K.
Employees: 32,100+ team members globally
Annual Revenue: Record $6.1 billion in Q3 2025

Charles Schwab Corporation Mission Statement

"To champion every client’s goals with passion and integrity, as if they were our own."

What Is Charles Schwab Corporation Known For?

Charles Schwab stands out in the financial services industry through its commitment to low-cost, client-first solutions and broad product offerings.

Discount Brokerage Services

Charles Schwab revolutionized investing by pioneering discount brokerage services, providing investors with affordable access to trading and investment management, challenging traditional brokerage models.

Comprehensive Wealth Management

The company offers a full suite of wealth management and financial planning services, including automated investing and personalized advisory solutions that cater to diverse client needs.

Innovative Trading Platforms

Through platforms like Schwab Trading Powered by Ameritrade™ and thinkorswim®, Schwab empowers investors with advanced tools and insights that facilitate informed trading decisions and portfolio management.

How Extensive Are Charles Schwab Corporation’s Operations?

Charles Schwab operates primarily throughout the United States and the United Kingdom, maintaining a robust network of over 380 physical branches and digital platforms supporting millions of clients.

In the U.S., Schwab holds a significant market share in discount brokerage and wealth management services, competing closely with industry giants such as Fidelity and Vanguard.

Financial Performance Highlights

In Q3 2025, Charles Schwab reported a net revenue of $6.1 billion and net income of $2.36 billion, with client assets totaling $11.59 trillion. These figures demonstrate strong growth compared to Q4 2024, which saw $5.329 billion in revenue and $1.84 billion in net income on $9.1 trillion in client assets.

Who Owns Charles Schwab Corporation?

Charles Schwab Corporation is a publicly traded company, owned by a wide base of institutional investors, company insiders, and individual shareholders, supporting a transparent and accountable corporate governance structure.

Is Charles Schwab Corporation Currently Hiring?

You can check out the open positions that Charles Schwab Corporation has right here on OysterLink.