Schwab’s Competitors, Revenue, Number of Employees, Funding, Acquisitions & News

Charles Schwab offers a wide range of securities, brokerage, banking, money management and financial advisory services. Read more

19,127 Followers on Owler
19,127 Followers on Owler
19,127 Followers on Owler
19,127 Followers on Owler

Charles Schwab offers a wide range of securities, brokerage, banking, money management and financial advisory services. Read more

Walter W. Bettinger's photo - President & CEO of Schwab

President & CEO

Walter W. Bettinger

CEO Approval Rating

74/100

Founded:

1973

Status:

PublicIndependent CompanyNYSESCHW

TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

REVENUE

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T. Rowe Price is a top competitor of Schwab. T. Rowe Price is a Public company that was founded in 1937 in Baltimore, Maryland. T. Rowe Price operates in the Banks industry. Compared to Schwab, T. Rowe Price has 12,135 fewer employees.

TD Ameritrade is seen as one of Schwab's biggest rivals. TD Ameritrade was founded in 1975, and is headquartered in Omaha, Nebraska. TD Ameritrade operates in the Diversified Investment Services industry. TD Ameritrade generates $3.2B less revenue vs. Schwab.

Goldman Sachs is seen as one of Schwab's top competitors. Goldman Sachs was founded in New York, New York} in 1869. Goldman Sachs competes in the Banks industry. Compared to Schwab, Goldman Sachs generates $32.7B more revenue.

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Competitor - 1/1

Is E*TRADE a competitor of Schwab?

Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$10.1B

Schwab's revenue is the ranked 5th among it's top 10 competitors. The top 10 competitors average 14.3B. Over the last four quarters, Schwab's revenue has decreased by 6.1%. Specifically, in Q3 2020's revenue was $2.4B; in Q2 2020, it was $2.5B; in Q1 2020, it was $2.6B; in Q4 2019, Schwab's revenue was $2.6B.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Wasmer, Schroeder & Company, LLC

Feb 2020

Source »
undisclosed
Wasmer Schroeder is an investment advisory firm that provides tax-exempt and fixed income management services for businesses.
TD Ameritrade Holding Corp.

Nov 2019

Source »
$26B
TD Ameritrade is a financial service firm that provides online brokerage, stock trading, investing and cash management services.
thomaspartnersim

Oct 2012

Source »
undisclosed
-
Compliance11

Nov 2011

Source »
undisclosed
Compliance11, provides on-demand regulatory compliance software automation tools for the financial services industry.
optionsXpress, Inc.

Aug 2011

Source »
undisclosed
optionsXpress is an online broker providing tools and research for online trading of stocks, options, bonds and other financial products.

These are all the companies that Schwab has acquired. Schwab has acquired 7 companies and its latest acquisition was Wasmer, Schroeder & Company, LLC in Feb 2020. Wasmer Schroeder is an investment advisory firm that provides tax-exempt and fixed income management services for businesses.

Schwab Funding History

ROUND

FUNDING DATE

AMOUNT

INVESTORS

IPO
Sep 1987
--

Since Schwab was founded in 1973, it has participated in 1 round of funding. In total Schwab has raised $0. Schwab's funding round was on Sep 1987 for a total of $0

Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

MEMX is a trading platform that offers listings, clearing and registry services for retail broker-dealers and financial firms.
$70M
Jan 06, 2019
Equity
-
Pearl.com provides an online platform which allows customers to ask questions and verified experts answer them for a fee.
$25.7M
Aug 10, 2012
Series B
-
Pearl.com provides an online platform which allows customers to ask questions and verified experts answer them for a fee.
$25M
Jun 19, 2012
Series A
-

These are all the companies that Schwab has invested in. Schwab has invested 7 companies and its latest investment was Wasmer, Schroeder & Company, LLC in Feb 2020. Wasmer Schroeder is an investment advisory firm that provides tax-exempt and fixed income management services for businesses.

Schwab News

November 13, 2020Crowdfund Insider

Charles Schwab Develops Patent-Pending Algorithm to Enhance Customer Experience, Make Investing More Accessible

Charles Schwab (NYSE:SCHW) has reportedly created a patent-pending algorithm that aims to enhance the... See more »
November 12, 2020Silicon Valley Daily

Schwab Announces Patent Pending Data Analytics Algorithm

New approach to using data to improve client experience underscores Schwab's rapid digital innovation... See more »
November 12, 2020MarketScreener

September 30, 2020 Report

(marketscreener.com) The Charles Schwab Corporation Liquidity Coverage Ratio Disclosure Report For th... See more »
November 9, 2020MarketScreener

Honors 2020 Local Heroes for Their Work With Veterans, Mental Illness and Financial Literacy

(marketscreener.com) Rob Bingham, Karen Ranus and Elena Zee recognized for their service to underserv... See more »
November 2, 2020Financial Planning

Schwab eyes HNW expansion as it reels in $51B in net new assets

Wealthy clients are the fastest growing segment of the company's retail division.... See more »
October 27, 2020International Business Times

Why Charles Schwab Is Laying Off 3% Of Its Employees

The Charles Schwab Corporation shared a statement with its employees on Monday stating that 3% of its... See more »
October 27, 2020MarketScreener

Schwab Independent Advisor Outlook Study Indicates Advisors Remain Optimistic Despite Challenges of COVID-19 Environment

(marketscreener.com) Schwab recognizes the efforts of the entire independent advisor community with s... See more »

Schwab Blogs

November 10, 2015CHARLES SCHWAB BLOG

Switching Careers: From Defense to Finance

After my four years of active duty in the U.S. Army ended in 2001, I struggled with what to do next. ... See more »
September 8, 2015CHARLES SCHWAB BLOG

5 Toxic Coworkers & How to Deal with Them

Having spent about 20 years in the workforce, I've crossed the paths of quite a menagerie of colleagu... See more »
August 4, 2015CHARLES SCHWAB BLOG

#Joblove: Techniques for Crafting the Job of Your Dreams

In my post A Career... Without College? I shared how I landed in human resources without a formal edu... See more »
July 21, 2015CHARLES SCHWAB BLOG

Time to Get Organized: Steps to Start

Some people are "naturally" organized, some are not. I would place myself in the second category, and... See more »
July 7, 2015CHARLES SCHWAB BLOG

How to Improve Your Online Brand in 7 Days

Let's face it: social media and the internet have taken over our lives! Perceptions and desires that ... See more »
June 9, 2015CHARLES SCHWAB BLOG

Three Reasons to Always Be Networking

As a Schwabbie who landed her current role through networking, I jumped at the chance to share my exp... See more »
May 13, 2015CHARLES SCHWAB BLOG

Tipping the Scale: Finding Balance as a Working Parent

We all play many roles in life. From spouse to child to friend to colleague, most of us are striving ... See more »

Schwab Press Releases

October 1, 2020centralcharts

TD Ameritrade Provides Update on Regulatory Actions Related to its Acquisition by Schwab

TD Ameritrade Holding Corporation (Nasdaq: AMTD) today announced that The Toronto-Dominion Bank ("TD ... See more »
August 19, 2020Business Wire

Self-Directed 401(k) Balances Rebound in Q2, Up 13% Quarter-Over-Quarter

SAN FRANCISCO--(BUSINESS WIRE)--According to Charles Schwab's SDBA Indicators Report, the average acc... See more »
July 29, 2020Business Wire

Schwab Launches New Community Services Program, Introduces Virtual Volunteering & Giving for Employees to Give Back, Stay Connected

SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab announced the launch of a new virtual volunteering and... See more »
July 16, 2020Business Wire

Schwab Reports Second Quarter Earnings Per Share of $.48, Including $.06 Per Share of Acquisition-related Expenses

SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced that its net income for the ... See more »
June 24, 2020Business Wire

Charles Schwab Ranks #1 in Large Plan Segment in J.D. Power U.S. Retirement Plan Participant Satisfaction Study for Third Year in a Row

SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab ranks #1 in the large plan segment in the J.D. Power 2... See more »
June 8, 2020centralcharts

Empire State Realty Trust Renews Charles Schwab at One Grand Central Place

Empire State Realty Trust Renews Charles Schwab at One Grand Central Place PR Newswire NEW YORK, June... See more »
April 16, 2020Business Wire

Charles Schwab Reinforces Its Commitment to Customer Data Protection

SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab signs API agreements with Intuit, eMoney Advisor and E... See more »

Schwab Videos

April 17, 2020Charles Schwab Youtube Channel

"Persist :30" on YOUTUBE

April 17, 2020Charles Schwab Youtube Channel

"Persist :60" on YOUTUBE

April 16, 2020Charles Schwab Youtube Channel

"FAQ: Finding decent yields" on YOUTUBE

Social Media

Headquarters

211 Main Street

San Francisco, California94105

415-667-7000

Driving Directions »

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Summary

ABOUT

Overview

Charles Schwab provides a full range of securities, brokerage, banking, money management and financial advisory services. It was founded by Charles R. "Chuck" Schwab in 1973 and headquartered in San Francisco, California with 14,600 employees who sha...

CEO

Schwab's President & CEO, Walter W. Bettinger, currently has an approval rating of 74%. Schwab's primary competitors are T. Rowe Price, TD Ameritrade & Goldman Sachs.

Website

schwab.com

Frequently Asked Questions about Schwab

  1. When was Schwab founded?

    Schwab was founded in 1973
  2. Who is Schwab's CEO?

    Schwab's CEO is Walter W. Bettinger
  3. How much revenue does Schwab generate?

    Schwab generates $10.1B in revenue
  4. How much funding does Schwab have?

    Schwab has historically raised $0 in funding
  1. Where is Schwab's headquarters?

    Schwab's headquarters is in San Francisco California, USA
  2. How many employees does Schwab have?

    Schwab has 19,500 employees
  3. Who are Schwab's competitors?

    Schwab's top competitors are T. Rowe Price, TD Ameritrade, Goldman Sachs
  4. Who has Schwab invested in?

    Schwab's has invested in companies such as MembersX Holdings, LLC, JustAnswer, JustAnswer