The Charles Schwab Corporation (SCHW)

About The Charles Schwab Corporation (SCHW)

Company Description:


The Charles Schwab Corporation, widely known as Schwab, is a leading provider of financial services, specializing in wealth management, banking, asset management, and brokerage services. The company operates through two main segments: Investor Services and Advisor Services.

Founded by Charles R. Schwab in 1971, Schwab has grown to become a household name in financial services, with its headquarters located in Westlake, Texas, United States.


Main Product(s):


Schwab offers a range of financial products and services including brokerage, wealth management, banking, asset management, and financial advisory services. It is particularly known for its low-cost brokerage services and user-friendly platforms that cater to both individual investors and financial advisors.


Short History of The Charles Schwab Corporation:


  • 1971 – Charles Schwab founded the company as a traditional brokerage firm.
  • 1975 – Following the deregulation of the brokerage industry, Schwab became one of the first firms to offer discounted stock trades.
  • 1980s – Schwab pioneered online trading, revolutionizing the brokerage industry.
  • 2000 – The company expanded into banking with the launch of Charles Schwab Bank.
  • 2020 – Schwab completed the acquisition of TD Ameritrade, significantly expanding its customer base and service offerings.

Key Executives:

NameTitlePayExercisedYear Born
Mr. Charles Robert SchwabFounder & Co-Chairman2.9MN/A1937
Mr. Walter William Bettinger IICEO & Co-Chairman7.39MN/A1961
Mr. Richard A. Wurster CFA, CMTPresident3.67M3.13M1974
Mr. Peter Brooks CrawfordCFO & MD2.16M922.48k1969
Mr. Joseph Raymond Martinetto B.A., M.B.A.MD & COO3.68MN/A1963
Mr. Tim HeierMD & CTON/AN/AN/A
Mr. Richard G. FowlerMD & Head of Investor RelationsN/AN/AN/A
Mr. Peter J. Morgan IIIMD, General Counsel & Corporate SecretaryN/AN/A1965
Mr. Joe CarberryMD and Head of Corporate Relations & Institutional MarketingN/AN/AN/A
Ms. Stacy HammondMD & Chief Marketing OfficerN/AN/AN/A

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