2. History
Charles Schwab and two other partners
founded the “ Charles Schwab Company” in
1971 in San Francisco
The company was first incorporated as First
commander Corp.
It began at a traditional brokerage company
then changed into a discount brokerage in
1974
Discount brokerage- a decrease in the
commission paid to a broker
In 1973 the company name changed to
Charles Schwab and Co., Inc.
3. History Continued
First to offer 24-hour phone service in 1982
In 1983 Bank of America acquired the
company
The company managed a buyback from Bank
of America in 1987
First used internet for clients to trade in 1996
The company was added to the S&P 500 Index
in 1997
4. What He Has Done
Charles Schwab has written books to help
people manage their finances and tap into the
stock market
One of his books is Guide to Financial
Independence, Simple Solutions for Busy
People
This book aims at helping people learn to trade
while going about their busy lives
Helped create one of the largest discount
brokerages in the United States
5. What The Company Does
The company makes
trading and finances
easy
This chart is an
example of a trading
portfolio at Charles
Schwab and Co.
6. How The Clients Benefit
The company serves almost ten million
accounts to this day
The clients don’t have to pay a costly
commission to be able to trade, they only need
to pay 90 cents per annum
The company offers seminars and has
branches across the United States for clients to
learn and get help from
7. How The Company Has Expanded
Charles Schwab and Co., Inc. has expanded to
Hong Kong, Canada, and has aquired a UK
discount brokerage
The Charles Schwab Foundation has
sponsored a literacy test for high school
students, this test explores the personal
financial knowledge of such student, the test
is called the “National Financial Literacy Test”
The Charles Schwab Fund serpassed $1 billion
in charitable contributions in 2006
8. Work Cited
• Charles Schwab Corporation. Apr. 2009. Web. 27 Sept. 2009.
<http://www.aboutschwab.com/about/history/index.html#expansion>.
• Paul J. Lim and Matthew Benjamin. "A Battle Royal for Your Wallet Rages As the
Economy Cools. "U.S. News & World Report Jan. 22, 2001: 58+. SIRS Researcher.
Web. 22 September, 2009.
• Schwab, Charles R. "Brokers Aren't Responsible for Bad Bets." ProQuest.
ProQuest LLC, 19 Aug. 2009. Web. 22 Sept. 2009.
<http://online.wsj.com/article/SB100014240529702046832045743567629029
79926.html>.
• "Schwab, Charles R." Charles Schwab Corporation. Aug. 2009. Web. 22 Sept.
2009. <http://www.aboutschwab.com/governance/management/schwab.html>.
• Schwab, Charles R. Charles Schwab's Guide to Financial Independence : Simple
Solutions for Busy People. New York: Crown, 1998. Print.
