Charles Schwab Corporation
The Charles Schwab Corporation (CSC), based in Westlake, TX, provides brokerage, banking, wealth management and advisory services to individuals and institutional customers. It is one of the leading asset management firms with total client assets of $8.5 trillion as of December 31, 2023. Charles Schwab is the largest publicly traded investment firm in terms of client assets. The company has 35 million active brokerage accounts, 1.8 million banking accounts and maintains about 400 branches in 48 states and Washington, D.C. It also has international offices in the UK, Singapore, Hong Kong, Australia and Puerto Rico. The ordinary shares of Charles Schwab are listed on the New York Stock Exchange (NYSE) under the ticker symbol SCHW. Charles Schwab Investment Management Inc currently manages about $930 billion on a discretionary basis and $31 billion on a non-discretionary basis.
Financials (FY 2023)
| Revenue | $18.84 billion |
| Net income | $5.07 billion (GAAP) |
| Income before tax | $6.38 billion |
| Stockholders' equity | $41.0 billion |
| Number of employees (FTE) | 33,000 |
Credit Ratings:
Moody’s: A2
Fitch: A/F1
Standard & Poor’s: A-/A-2
Ratings as of March 2024
Subsidiaries
Broker-dealer subsidiaries: Charles Schwab & Co Inc, TD Ameritrade Inc and TD Ameritrade Clearing Inc
Charles Schwab Bank is a federal savings bank.
Schwab Holdings Inc is a Delaware corporation.
Charles Schwab Trust Bank is a Nevada-chartered state savings bank.
Charles Schwab Investment Management Inc (CSIM)
Schwab Retirement Plan Services Inc
Charles Schwab Futures Inc
Charles Schwab Premier Bank
Headquarters address:
3000 Schwab Way
Westlake, TX
United States 76262
Phone number: +1 800 435 4000
Website: www.schwab.com
Old Headquarters:
211 Main Street
San Francisco, CA
United States