Charles Schwab founded Charles Schwab & Co. in 1971 as a traditional brokerage firm in San Francisco. In 1974, it transitioned to a discount brokerage model where customers paid lower commissions. Schwab has since grown to become one of the largest discount brokerages in the US, serving almost 10 million accounts. It offers low-cost trading and financial education resources to help customers learn to invest. Schwab pioneered many innovations including 24-hour phone service in 1982 and allowing online trading in 1996.

1. Charles Schwab
Hannah Tashman

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.

9. Picture URLS
• http://www.post-
gazette.com/images4/20060410ho_schwab_230.jpg
• http://www.mediabistro.com/agencyspy/original/cha
rles-schwab-talk-to-chuck.jpg
• http://www.schwabat.com/Platforms/StreetSmart_co
m/Interactive_Technical_Charts.aspx