The Charles Schwab Corporation is an American multinational financial services company. It offers banking, commercial banking, an electronic trading platform, and wealth management advisory services to both retail and institutional clients. It has over 360 branches, primarily in financial centers in the United States and the United Kingdom. Charles Schwab Client Login guide was originally published on Insurance Diaries, Continue reading to know how to access and manage your Charles Schwab Client Login.
It is the 13th largest banking institution in the United States with over US$3.3 trillion in client assets. It is the third largest asset manager in the world, behind BlackRock and Vanguard. It had 29.0 million active brokerage accounts, 2.1 million corporate retirement plan participants, 1.5 million banking accounts, and $5.9 trillion in client assets as of October 31, 2020. It was founded in San Francisco, California and is headquartered in Westlake, Texas.
Founded as Charles Schwab & Co. in 1971 by its namesake Charles R. Schwab, the company capitalized on the financial deregulation of the 1970s to pioneer discount sales of equity securities. After a flagship opening in Sacramento, the bank expanded into Seattle before the 1980s economic expansion financed the bank’s investments in technology, automation, and digital record keeping. The first to offer round-clock order entry and quotation, it was purchased by Bank of America in 1983 for $55 million. Three years later, the profitability of the bank’s no-charge mutual funds prompted the founder to buy his company back for $280 million.
The Charles Schwab Corporation
Charles Schwab east coast headquarters in New York City, 2018
|Traded as||NYSE: SCHW|
S&P 500 component
|Founded||1971; 50 years ago (as Charles Schwab & Co., Inc.)|
San Francisco, California, U.S.
|Founder||Charles R. Schwab|
|Headquarters||Westlake, Texas, U.S.|
|Number of locations||Over 360 branches|
|Key people||Charles R. Schwab(Chairman)Walter W Bettinger II(President & CEO)|
Electronic trading platform
|Revenue||US$10.132 billion (2018)|
|Operating income||US$4.562 billion (2018)|
|Net income||US$3.329 billion (2018)|
|AUM||US$3.25 trillion (2018)|
|Total assets||US$296.482 billion (2018)|
|Total equity||US$20.670 billion (2018)|
|Owner||TD Bank (13.5%)|
Charles R. Schwab (10.4%)
|Number of employees||~32,000 (February 2021)|
|Subsidiaries||Schwab Holdings, Inc.Charles Schwab BankCharles Schwab Investment Management, Inc. Charles Schwab Futures, Inc. Charles Schwab Premier Bank OptionsXpressSchwab Performance TechnologiesSoundView Technology GroupCharles Schwab FoundationCharles Schwab Trust Bank TD Ameritrade|
Charles Schwab Client Login – How To Access Client Portal
To access the Charles Schwab Client Portal;
- Go to https://client.schwab.com/Login/SignOn/CustomerCenterLogin.aspx
- Enter Your User ID
- Enter Your Password
- Click Login