Charles Schwab

Charles Schwab is the largest publicly traded investment services firm in the United States with over $10.10 trillion in client assets as of December 2024. Founded in 1971 and headquartered in Westlake, Texas, Schwab serves approximately 38.3 million client brokerage accounts, 5.7 million workplace plan participant accounts, and 2.2 million banking accounts. The firm operates over 420 branch locations across the United States plus offices in London, Hong Kong, Singapore, and Puerto Rico, supported by approximately 32,700 employees.

Schwab offers tiered wealth management services to meet diverse client needs. Schwab Private Client Services serves clients with $1 million+ in assets, while Schwab Private Wealth Services provides the highest level of dedicated support for clients with $10 million or more. Schwab Wealth Advisory, the firm's premier managed account offering, requires a $500,000 minimum with fees starting at 0.80% of assets. The firm also serves over 16,000 independent registered investment advisors through Schwab Advisor Services, making it the nation's largest RIA custodian.

Investment Management

Schwab Wealth Advisory delivers personalized wealth management with dedicated advisors backed by teams of specialists. The platform offers discretionary portfolio management across diverse asset classes including equities, fixed income, and alternatives. Schwab Alternative Investments Select, launched in 2025 for clients with $5 million+ in household assets, provides access to private equity, private credit, real estate, and hedge fund strategies.

• Schwab Wealth Advisory discretionary portfolio management
• Schwab Intelligent Portfolios automated investing
• Schwab Alternative Investments Select private market access
• Schwab Managed Portfolios and separately managed accounts
• Comprehensive mutual fund and ETF platforms
• 24/5 trading capabilities

Financial Planning

Every Private Client and Private Wealth Services client receives access to a dedicated Financial Consultant who coordinates their entire relationship with Schwab. Specialist teams provide guidance on tax planning, trust and estate planning, equity compensation, retirement planning, and education funding. Schwab's satisfaction guarantee is unique in the industry—if clients are not satisfied, the firm refunds eligible fees and commissions.

Banking & Lending

Charles Schwab Bank provides integrated banking solutions including checking, savings, and lending products. Schwab Bank Pledged Asset Lines allow clients to borrow against their investment portfolios. Investor Advantage Pricing offers mortgage rate discounts tied to assets held at Schwab, and Private Wealth Services clients receive dedicated Senior Banker support for comprehensive lending strategies.