# Charles Schwab

**Source:** https://geo.sig.ai/brands/charles-schwab  
**Vertical:** Technology  
**Subcategory:** General  
**Tier:** Emerging  
**Website:** schwab.com  
**Last Updated:** 2026-04-14

## Summary

US largest retail brokerage with $8-9T client assets; completed TD Ameritrade integration creating dominant RIA custodian; $18-19B annual revenue; NYSE: SCHW; pioneered discount brokerage in 1971 and now serves millions of individual investors and financial advisors.

## Company Overview

Charles Schwab is one of the largest financial services firms in the United States, providing retail brokerage, wealth management, banking, and institutional services to millions of individual investors and financial advisors. Founded in 1971 by Charles R. Schwab in San Francisco and headquartered in Westlake, Texas, Schwab pioneered discount brokerage by offering stock trades at a fraction of full-service broker commissions. The company is listed on the NYSE and has approximately $8-9 trillion in client assets under management.

Schwab completed its transformative $26 billion acquisition of TD Ameritrade in October 2020, creating the largest retail brokerage by client accounts. The integration of TD Ameritrade's technology, ThinkOrSwim trading platform, and client base has been ongoing through 2023-2025. Schwab generates revenue through net interest income on uninvested cash, asset management fees (Schwab funds), trading commissions on certain assets, and premium services. Revenue is approximately $18-19 billion annually.

In 2025, Schwab has completed the bulk of TD Ameritrade integration, migrating approximately 16 million client accounts to the Schwab platform. The company has faced net interest margin compression as clients moved cash to money market funds during the high-rate environment, but is positioned to benefit as deposit dynamics normalize. Schwab's RIA custody business serves over 10,000 independent financial advisors, making it the dominant custodian in the growing independent advisory channel. The 2025-2026 strategy focuses on growing its fee-based advisory business, international expansion, and AI-powered financial planning tools.

## Frequently Asked Questions

### What is Charles Schwab?
Charles Schwab is America's largest publicly traded investment services firm, offering securities brokerage, banking, wealth management, and financial advisory services. As of December 31, 2024, the company managed $10.10 trillion in client assets.

### What products and services does Charles Schwab offer?
Charles Schwab offers brokerage accounts and securities trading, wealth management and advisory services, banking products and cash management, retirement planning services, and investment advisory solutions.

### Who is Charles Schwab for?
Charles Schwab serves individual investors seeking brokerage and banking services, wealth management clients, and workplace retirement plan participants. The company serves clients ranging from individual retail investors to those requiring comprehensive financial advisory services.

### When was Charles Schwab founded?
Charles Schwab was founded in 1971.

### Where is Charles Schwab headquartered?
Charles Schwab is headquartered in Westlake, Texas, USA.

### Is Charles Schwab publicly traded?
Yes, Charles Schwab is America's largest publicly traded investment services firm.

### How many accounts does Charles Schwab manage?
As of December 31, 2024, Charles Schwab had 36.5 million active brokerage accounts and 5.4 million workplace retirement plan accounts.

### What industry does Charles Schwab operate in?
Charles Schwab operates in the Technology industry, providing technology-driven financial services and investment solutions.

### How much in client assets does Charles Schwab manage?
As of December 31, 2024, Charles Schwab managed $10.10 trillion in client assets.

### What recent developments has Charles Schwab announced?
Charles Schwab recently completed the integration of its TD Ameritrade acquisition, consolidating operations across both platforms.

## Tags

b2b, b2c, fintech, fortune500, global, public, enterprise, saas

---
*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*