Charles Schwab Corp.

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The Charles Schwab Corporation NASDAQ: [SCHW] is the world's second-largest discount broker (TD Ameritrade is the largest). It now offers the same traditional brokerage services with much lower commissions and fees. Schwab serves some 7.5 million individual and institutional clients from some 300 offices in the U.S. Traders can access its services via telephone, wireless device, and the Internet. Besides discount brokerage, the firm offers mutual funds, annuities, bond trading, and now mortgages through its Charles Schwab Bank. Other Schwab holdings include U.S. Trust, which provides asset management, and [CyberTrader], a direct access broker.

Contents

1 Management
2 Registered Investment Adviser Firms
3 Diversity
4 External links

Management

CEO: Charles R. (Chuck) Schwab

Registered Investment Adviser Firms

Schwab's success depends heavily on the success of their independent investment adviser firms. In 2005, Schwab had roughly 5,200 independent advisers within its network. Most independent adviser firms are not affiliated with any brokerage firm, are not managed by a brokerage firm, and work independently from the brokerage firm, as adviser firms offer investment services to individuals or businesses. These adviser firms are generally regulated by state/local government or by the federal government and are also governed by the basic principles similar to that of a broker and yet different when rendering objective investment advice.

In 2000, Schwab's relationship with independent adviser firms evolved when some of these advisers migrated to competitors namely, T.D. Waterhouse.

In 2005, the headline of a newspaper for financial advisers read Schwab battles for wirehouse assets announced a new strategy of shifting more accounts from the brokerage firms and transitioning more brokers from the "brokerage world" into registered investment advisers.

Diversity

Charles Schwab received a 100% rating on the Corporate Equality Index released by the Human Rights Campaign starting in 2004, the third year of the report.

External links

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