About the Company
Charles Schwab founded Investment Indicator, a magazine, with two other partners in 1963. In 1971, this company was incorporated into First Commander Corporation. Next year, Charles Schwab bought all Commander Industries' stock. He renamed this Corporation to Charles Schwab & Co. Inc. Schwab set up a stock brokerage in 1975 and opened a branch at Sacramento California. By 1978, this organisation had 45,000 clients. In 1983, Bank of America purchased this company for 55 million USD and in 1987 Charles Schwab repurchased the company for 280 million USD. 1991 saw this company acquire Mayer & Schweitzer. 1995 saw this corporation buy The Hampton Company and in 2000, it purchased US Trust for 2.73 billion USD which they sold in 2006 to Bank of America. In 2004, Schwab acquired SoundView Technology Group at 345 million USD. 2007 saw this company take over The 401 (k) Company, and in 2011 it bought OptionsXpress and Compliance11. In 2012, this company took over Thomas Partners and USAA. In 2019, this company acquired TD Ameritrade, and in 2020, this company was going to finalise a deal with Wasmer, Schroeder and Company.
Charles Schwab Corporation offers Investment Products like Mutual Funds, ETFS, Stocks, Bonds, Futures, Global Investing, and Socially Responsible Investing. It also provides Investment Management and Retirement Solutions. Charles Schwab shares trade on the NASDAQ stock exchange under the ticker symbol “SCHW.” It is also a component of the S & P 500 stock market index.
In 2020, this company made it to Fortune list of the 'World's Most Admired Companies'. It also ranked second under the Securities and Assets Management category and came first for Innovation in Key Attributes of Reputation in this same year. In 2020, this corporation also bagged second place under the 2020 "Best Online Brokers" category in an Investor's Business Daily Survey. It secured the top position in Website Security and Broad Choice of Investments categories. This same survey ranked this company in its list of the "Most Trusted Financial Companies". In addition to this, the Charles Schwab Corporation also ranked 2nd in the prestigious wealth management category.;
Organisation | Charles Schwab Corp The |
Industry | Capital Markets |
HeadQuarters | San Francisco, CA |