The Charles Schwab Corporation is an American financial services company headquartered in Westlake, Texas, founded in 1971 by Charles R. Schwab as a discount brokerage offering lower commissions than traditional full-service brokers. It grew into one of the largest brokerage and banking companies in the United States, and its 2020 acquisition of TD Ameritrade further consolidated the discount brokerage industry.
Facts
Company TypeFinancial services company 1 Founded Year Headquarters Connections
Associated With
Operates In
A major financial services company; classified in the atlas financial-services-industry.
In the Other Atlases
Sources
1. Wikipedia, The Charles Schwab Corporation
WikipediaLead section, founding-history sentence
Founded as First Commander Corporation in 1971 and renamed to Charles Schwab & Co. in 1973, the company leveraged deregulation of the 1970s to pioneer discount sales of equity securities.
Lead section, founding/headquarters sentence
It was founded in San Francisco, California, and is headquartered in Westlake, Texas.
Lead section, opening sentence: company type
The Charles Schwab Corporation is an American multinational financial services company.
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