The Charles Schwab Corporation (NASDAQ: SCHW), based in San Francisco, California, is a company founded as a traditional (brick-and-mortar) brokerage house, and which today is one of the world's largest discount brokers. Schwab offers the same services as traditional brokerages but with lower commissions and fees than many other brokers. The company serves some 7.5 million individual and institutional clients, with $1.22 trillion in assets (as of...
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The Charles Schwab Corporation (NASDAQ: SCHW), based in San Francisco, California, is a company founded as a traditional (brick-and-mortar) brokerage house, and which today is one of the world's largest discount brokers. Schwab offers the same services as traditional brokerages but with lower commissions and fees than many other brokers. The company serves some 7.5 million individual and institutional clients, with $1.22 trillion in assets (as of May, 2008), from some 300 offices in the U.S. Clients can also access its services via telephone, wireless device, and the Internet. Besides discount brokerage, the firm offers a wide range of investment research, mutual funds, annuities, bond trading, and now checking and mortgages through its Charles Schwab Bank.
Schwab's success depends heavily on the success of their independent investment adviser firms. Schwab serves roughly 5,000 independent advisers within its network. Most independent adviser firms are not affiliated with any...
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