About Charles Schwab
Charles Schwab is a company based in El Paso (United States) founded in 1971 by Charles R Schwab. It operates as a Commission-Based, and Subscription Services. The company has 32,100 employees as of December 31, 2024. Charles Schwab has completed 4 acquisitions, including Soundview, TD Ameritrade and Wasmer Schroeder. Charles Schwab offers products and services including Brokerage Services, Retirement Accounts, and Schwab Bank Checking. Charles Schwab operates in a competitive market with competitors including Truist, Investec, Equity Bank, Citi and KeyBank, among others.
- Headquarter El Paso, United States
- Employees 32100 as on 31 Dec, 2024
- Founders Charles R Schwab
- Stage Public
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Charles Schwab Corporation (The)
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IPO & Listings of Charles Schwab
Charles Schwab is a publicly listed company on the NYSE with ticker symbol SCHW in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Charles Schwab
Charles Schwab offers a comprehensive portfolio of products and services, including Brokerage Services, Retirement Accounts, and Schwab Bank Checking. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Brokerage services are provided for investment and trading.
Retirement accounts are offered for future financial security.
Checking accounts are tailored for investor cash management.
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Software Development Team
223 people
Leadership Team
169 people
Finance and Accounting
64 people
Product Management Team
46 people
Senior Team
46 people
Human Resources and Administration
29 people
Legal and Compliance
28 people
Sr. Team
26 people
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Funding Insights of Charles Schwab
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 1999 | Amount | Series A - Charles Schwab | Valuation | AirTree |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Charles Schwab
Charles Schwab has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include AirTree. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are directed toward early-stage tech startups by AirTree.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Charles Schwab
Charles Schwab has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Soundview, TD Ameritrade and Wasmer Schroeder. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Trading platform for multiple assets
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2000 | ||||
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Online trading in stocks, forex, futures, and ETFs is facilitated.
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1994 | ||||
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Investment management services are provided for businesses.
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1987 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Charles Schwab
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Charles Schwab Comparisons
Competitors of Charles Schwab
Charles Schwab operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, Investec, Equity Bank, Citi and KeyBank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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Global banking, investment, and wealth management services are offered worldwide.
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Commercial banking services are provided to businesses and individuals.
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Diversified financial services are offered through commercial banking operations.
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Regional bank
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Diversified financial services are offered through commercial banking operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Charles Schwab
Frequently Asked Questions about Charles Schwab
When was Charles Schwab founded?
Charles Schwab was founded in 1971 and raised its 1st funding round 28 years after it was founded.
Where is Charles Schwab located?
Charles Schwab is headquartered in El Paso, United States. It is registered at El Paso, Texas, United States.
Who is the current CEO of Charles Schwab?
Walter W. Bettinger is the current CEO of Charles Schwab.
How many employees does Charles Schwab have?
As of Dec 31, 2024, the latest employee count at Charles Schwab is 32,100.
What is the annual revenue of Charles Schwab?
Annual revenue of Charles Schwab is $26B as on Dec 31, 2024.
What does Charles Schwab do?
Charles Schwab is established as a prominent entity in the financial sector, offering a wide range of brokerage, banking, and advisory services. Comprehensive investment products including stocks, ETFs, mutual funds, and retirement accounts are provided. Solutions for self-directed investing, automated investing, and wealth management are made available to clients. Banking services through Schwab Bank, including checking and savings accounts, are integrated for investor convenience. The company operates across various segments of the financial industry, ensuring diverse options for individual and institutional clients.
Who are the top competitors of Charles Schwab?
What products or services does Charles Schwab offer?
Charles Schwab offers Brokerage Services, Retirement Accounts, and Schwab Bank Checking.
Is Charles Schwab publicly traded?
Yes, Charles Schwab is publicly traded on NYSE under the ticker symbol SCHW.
How many acquisitions has Charles Schwab made?
Charles Schwab has made 4 acquisitions, including Soundview, TD Ameritrade, and Wasmer Schroeder.
Who are Charles Schwab's investors?
Charles Schwab has 1 investor. Key investors include AirTree.
What is Charles Schwab's ticker symbol?
The ticker symbol of Charles Schwab is SCHW on NYSE.