Charles Schwab
Overview
- Source of Wealth
- Discount brokerage
- Industry
- Finance & Investments
- Residence
- Woodside, California
- Organization
- Chairman and Founder at Charles Schwab
- Education
- Stanford Graduate School of Business (Master of Business Administration)Stanford University (Bachelor of Arts/Science)
- Marital Status
- Married
- Children
- 5
Assets
- Charles Schwab Corp.96,527,000 shares @ --SCHW-US
- Charles Schwab Corp.134,000 shares @ --SCHW-US
- Charles Schwab Corp.126,000 shares @ --SCHW-US
- Charles Schwab Corp.69,000 shares @ --SCHW-US
- Charles Schwab Corp.110,000 shares @ --SCHW-US
- Charles Schwab Corp.45,000 shares @ --SCHW-US
- Charles Schwab Corp.180,000 shares @ --SCHW-US
- Charles Schwab Corp.23,000 shares @ --SCHW-US
- Charles Schwab Corp.150,000 shares @ --SCHW-US
- Local Bounti Corp13,140,000 shares @ --LOCL-US
Biography
Charles Schwab is co-chairman and founder of the brokerage firm that bears his name.
The company averages more than 7 million trades per day across 38 million client accounts worth $11 trillion.
Schwab was CEO of the business until 2008 and still owns more than 5% of its stock.
He founded the firm as a traditional brick-and-mortar brokerage in 1971, with $100,000 borrowed from his uncle.
The business really took off when Schwab started charging half of what full-service brokers did, after an SEC deregulation of brokerage commissions.
About
An avid collector of modern and contemporary art, Schwab once chaired the board of the San Francisco Museum of Modern Art.
Schwab, who found out that he's dyslexic when his son was diagnosed, donates to support research in learning differences.
Schwab's initial venture into the investing world was through a subscriber-based newsletter, the Investment Indicator, that Schwab founded with friends in 1963.