The Charles Schwab Corporation (0L3I.L) LSE

94.47

-1.387(-1.45%)

Updated at August 22 07:14PM

Currency In USD

The Charles Schwab Corporation

Address

3000 Schwab Way

Westlake, TX 76262

United States of America

Phone

817 859 5000

Sector

Financial Services

Industry

Financial - Diversified

Employees

32100

First IPO Date

January 29, 2018

Key Executives

NameTitlePayYear Born
Mr. Richard Andrew Wurster C.F.A., CFA, CMTChief Executive Officer, President & Director4.55M1974
Mr. Michael VerdeschiMD & Chief Financial Officer2.49M1969
Mr. Jonathan M. CraigMD & Head of Investor Services2.62M1972
Mr. Charles Robert SchwabFounder & Co-Chairman3.57M1937
Mr. Dennis Willard HowardManaging Director & Chief Information Officer01969
Ms. Adele TaylorMD & Chief Administrative Officer0N/A
Mr. Tim HeierMD & Chief Technology Officer0N/A
Mr. Jeff EdwardsMD & Head of Investor Relations0N/A
Ms. Stacy HammondMD & Chief Marketing Officer0N/A
Mr. Peter J. Morgan IIIMD, General Counsel & Corporate Secretary01965

Description

The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, retirement plan, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor and mutual fund clearing services, as well as compliance solutions. The Advisor Services segment offers custodial, trading, banking, and support services; and retirement business and corporate brokerage retirement services. This segment provides brokerage accounts with equity and fixed income, margin lending, options, and futures and forex trading; cash management capabilities comprising third-party certificates of deposit; third-party and proprietary mutual funds; plus mutual fund trading and clearing services; and exchange-traded funds (ETFs), including proprietary and third-party ETFs. It also offers advice solutions, such as managed portfolios of proprietary and third-party mutual funds and ETFs, separately managed accounts, customized personal advice for tailored portfolios, and specialized planning and portfolio management. In addition, this segment provides banking products and services, including checking and savings accounts, first lien residential real estate mortgage loans, home equity lines of credit, and pledged asset lines; and trust services comprising trust custody services, personal trust reporting services, and administrative trustee services. As of December 31, 2021, the Company had approximately 400 domestic branch offices in 48 states and the District of Columbia, as well as locations in Puerto Rico, the United Kingdom, Hong Kong, and Singapore. The Charles Schwab Corporation was incorporated in 1971 and is headquartered in Westlake, Texas.