Charles Schwab (SCHW)
Company Description
The Charles Schwab Corporation is one of the largest and most influential financial services firms in the United States, providing a broad suite of brokerage, banking, wealth management, custody, and advisory solutions to individual investors, independent financial advisors, and workplace retirement plan participants. Founded in 1971 and headquartered in Westlake, Texas, Schwab has grown from a pioneering discount brokerage into a dominant, full‑service financial institution with a national footprint and trillions in client assets.
Schwab operates through two primary business segments:
- Investor Services, which offers a modern, full‑service brokerage platform for self‑directed investors and participants in employer‑sponsored retirement plans.
- Advisor Services, which provides custody, trading, technology, and practice‑management support to nearly 15,000 independent Registered Investment Advisors (RIAs)—the largest RIA custodian base in the industry.
The company serves more than 36 million active brokerage accounts, over 2 million banking accounts, and supports more than 5 million workplace retirement plan participants. Total client assets exceed $10 trillion, reflecting Schwab’s scale, brand strength, and deep integration across U.S. capital markets.
Schwab’s business model spans:
- Brokerage & trading services
- Banking and cash management
- Wealth management and advisory solutions
- Retirement plan services
- RIA custody and technology platforms
The firm emphasizes a client‑first philosophy—“Always put the client first. No matter what.”—and continues to invest heavily in digital platforms, financial education, and innovation to expand access to investing.
Recent market commentary
Position Log
5/19/2026 – Initiated Position at $92.78
5/21/2026 – Sold position at $90.36 – Momentum started to falter. Will wait for momentum to re-establish.