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Charles Schwab Corporation

San Francisco, CA, United States

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Web Site: www.schwab.com


Company Description:

The Charles Schwab Corporation is an American brokerage and banking company, based in San Francisco,California. It was founded in 1971 by Charles R. "Chuck" Schwab,[4] as a traditional brick and mortar brokerage firmand investment newsletter publisher.[1] In 1973, the company changed its name from First Commander Corporation to Charles Schwab & Co., Inc.[1] The company started offering discount brokerage on May 1, 1975,[4] and became one of the world's largest discount brokers.[5]
Schwab operates in four main divisions: investing, wealth management, banking, and trading. The company serves 7.9 million client brokerage accounts, with $1.65 trillion in assets (as of September 2011), from over 300 offices in the U.S, one office in Puerto Rico, and one branch in London.[4][6] Clients can also access services online and by telephone. In 2009, Chairman Charles R. Schwab received the inaugural Tiburon CEO Summit award for Maintaining a Focus on Consumer Needs.


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