Charles Schwab

Charles Schwab

About Charles Schwab

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, as a traditional, brick and mortar brokerage firm and investment newsletter publisher. In 1973, the company name changed from First Commander Corporation to Charles Schwab & Co., Inc. The company started offering discount brokerage on May 1, 1975, and would become one of the world's largest discount brokers. Schwab offers the same services as a traditional brokerage, but with lower commissions and fees. 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.

Contributions by Changomo, SmackBot, and 199.73.1.1.