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The Charles Schwab Corporation (NYSE: SCHW) has been a leader in financial services for more than three decades. Through advocacy and innovation, the company has worked to make investing more affordable, more accessible and more understandable to all.
Today, Schwab meets the needs of individual and institutional clients through three primary business segments:
- Investor Services provides retail brokerage and banking operations to millions of individuals.
- Advisor Services is the industry leader in providing custodial, trading and support services to independent investment advisors.
- Corporate and Retirement Services provides retirement and stock plan services to employers and employees, as well as support services for plan administrators.
Financial Highlights
The Charles Schwab Corporation reported the following results for Fourth Quarter 2009:
| Consolidated Financial Results |
3 Months Ended
December 31, 2009
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3 Months Ended
December 31, 2008
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- Net revenues (in millions)
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$986
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$1,284
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$164
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$308
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- Diluted earnings per share
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$0.14
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$0.27
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27.0%
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39.5%
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- Return on stockholders' equity (annualized)
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13%
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30%
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Client Assets & Accounts |
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$1.42 trillion
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$1.13 trillion
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- Active brokerage accounts
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7.7 million
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7.4 million
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- Corporate retirement plan participants
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1.5 million
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1.4 million
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722,000
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447,000
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Schwab Facts
- Employees: 12,400 full-time employees
- Executive Management: Founder & Chairman Charles Schwab; President & Chief Executive Officer Walt Bettinger
- Financial Results:
- History: Charles Schwab and Co., Inc., was launched in 1973, and the company began offering discount brokerage on May 1, 1975.
- Locations: Headquartered in San Francisco, Schwab operates 306 domestic branch offices in 45 states, one branch in Puerto Rico and one branch in London. Hong Kong clients are served through a Schwab subsidiary.
- Acquisitions and Divestitures: On July 1, 2007, the company completed the sale of all of the outstanding stock of U.S. Trust Corporation. On March 31, 2007, the company completed its acquisition of The 401(k) Company, which offers retirement plan services.
- Social Responsibility: Charles Schwab Foundation makes average annual contributions averaging $4 million to more than 2,300 nonprofit organizations.
Schwab also serves individuals through banking, donor-advised giving, insurance and annuities, mutual funds and other financial products and services.
Corporate Contacts
Schwab Corporate Headquarters
211 Main Street
San Francisco, CA 94105
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