The Charles Schwab Corp - Company Profile

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The Charles Schwab Corp: Segment Analysis

Business Description

The Charles Schwab Corp (Charles Schwab) is a provider of banking, wealth management, asset management, securities brokerage, financial advisory, and custody services. As of December 31, 2022, it had US$7.05 trillion client assets, 2.4 million corporate retirement plan participants, 33.8 million active brokerage accounts, and 1.7 million banking accounts.

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Business Segments

Overview

Offers trading, banking, custodial, retirement business, corporate retirement brokerage, and support services to registered investment advisors and their clients. Provides retirement business services such as trust and custody to record keepers and independent retirement plan advisors. Offers managed accounts, mutual funds, individual securities, exchange traded funds, trust services, cash products, and bank lending. Also provides educational content, interactive tools, and leadership ideas to advisors in establishing their own independent practices and also assists start-ups in their transition phase.

Performance

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Overview

Offers retail brokerage and banking services to individual investors, and provides retirement plan services and other corporate brokerage services to businesses and their employees. Offers through multiple channel service delivery model such as mobile, online, branch, and telephone. Provides diverse online research and analytical tools that assist clients in achieving better investment results. Consists of integrated software-and web-based trading platforms, options trading, real-time market data, stock and futures research, high-end account and trade management features, risk management and decision support analytical tools, and dedicated personal support to active traders. Comprise recordkeeping for stock plans and options, restricted stocks, stock appreciation rights, and performance shares to equity compensation plan sponsors. Also offers mutual fund clearing services that include open-end trading, transactional services, and settlement. Through its off-platform sales, it offers ETFs, proprietary mutual funds, and collective trust funds.

Performance

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