Profile: Charles Schwab Corp (SCHW.N)

SCHW.N on New York Stock Exchange

18 Dec 2014
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The Charles Schwab Corporation (CSC), incorporated on November 25, 1986, is a savings and loan holding company. The Company, through its subsidiaries, is engaged in securities brokerage, banking, and related financial services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Institutional Services. The Investor Services segment provides retail brokerage and banking services to individual investors. The Institutional Services segment provides custodial, trading and support services to independent investment advisors (IAs). The Institutional Services segment also provides retirement plan services, specialty brokerage services, and mutual fund clearing services. Its business subsidiaries include Charles Schwab & Co., Inc. (Schwab), which is a securities broker-dealer with over 300 domestic branch offices in 45 states, as well as a branch in each of the Commonwealth of Puerto Rico and London, United Kingdom, and serves clients in Hong Kong through one of CSC’s subsidiaries; Charles Schwab Bank (Schwab Bank), which is a federal savings bank located in Reno, Nevada, and Charles Schwab Investment Management, Inc. (CSIM), which is the investment advisor for Schwab’s mutual funds, referred to as the Schwab Funds, and Schwab’s exchange-traded funds, referred to as the Schwab ETFs. On September 1, 2011, the Company acquired optionsXpress Holdings, Inc. In November 2011, the Company acquired Compliance11, Inc. In September 2012, GAIN Capital Holdings Inc. acquired Open E Cry, LLC. In December 2012, the Company acquired ThomasPartners, Inc.

The Company offers a range of products, such as Brokerage, which includes a range of brokerage accounts, including some with check-writing features, debit card, and billpay; individual retirement accounts; retirement plans for businesses; 529 college savings accounts; designated brokerage accounts; equity incentive plan accounts; and margin loans, as well as access to fixed income securities, equity and debt offerings, options, and futures; Banking, which includes checking accounts linked to brokerage accounts, savings accounts, certificates of deposit, demand deposit accounts, first mortgages, home equity lines of credit (HELOCs), and personal loans collateralized by securities; Trust, which includes trust custody services, personal trust reporting services, and administrative trustee services; Advice solutions, which includes separately managed accounts, customized personal advice for tailored portfolios, and specialized planning and full-time portfolio management; Mutual funds, which includes third-party mutual funds through Mutual Fund Marketplace, including no-load mutual funds through the Mutual Fund OneSource service, mutual funds from two fund families: Schwab Funds and Laudus Funds, other third-party mutual funds, and mutual fund trading and clearing services to broker-dealers, and Exchange-traded funds (ETFs), which includes third-party and ETFs, as well as separately managed portfolios of ETFs.

Investor Services

The Company, through the Investor Services segment, provides retail brokerage and banking services to individual investors. The Company offers research, analytic tools, performance reports, market analysis, and educational material to all clients. Educational tools include workshops, interactive courses, and online information about investing. Additionally, Schwab provides various Internet-based research and analysis tools, such as Schwab Equity Ratings, which is a quantitative model-based stock rating system that provides all clients with ratings on approximately 3,000 stocks, assigning each equity a single grade: A, B, C, D, or F. During the year ended December 31, 2011, the Company launched Schwab Equity Ratings International, an international ranking methodology covering approximately 4,000 stocks in 28 foreign equity markets. The Company provides investors access to professional investment management in a diversified account that is invested in either mutual funds or ETFs through the Schwab Managed Portfolio and Windhaven programs.

The Company refers investors who want to utilize a specific third-party money manager to direct a portion of their investment assets to the Schwab Managed Account program. In addition, clients who want the assistance of an independent professional in managing their financial affairs may be referred to IAs in the Schwab Advisor Network. These IAs provide portfolio management, financial planning, and wealth management solutions. Schwab offers Web- and software-based trading platforms, which incorporate order routing technology, real-time market data, options trading, premium stock research, and multi-channel access, as well as account and trade management features, risk management tools, decision support tools, and personal support. The Company serves both foreign investors and non-English-speaking United States clients who wish to trade or invest in United States dollar-based securities. In the United States, the Company serves Chinese-, Spanish-, and Vietnamese-speaking clients through a combination of its branch offices and Web-based and telephonic services.

Institutional Services

The Company, through the Institutional Services segment, provides custodial, trading, technology, practice management, trust asset, and other support services to IAs. Institutional Services offers online cashiering services, as well as Internet-based eDocuments sites for both IAs and their clients that provide multi-year archiving of online statements, trade confirms and tax reports, along with document search capabilities. Institutional Services offers a range of services, including marketing and business development, business strategy and planning, and transition support. Regulatory compliance consulting and support services are available, as well as Website design and development capabilities. Institutional Services maintains a Website that provides tools, educational content, and research reports. Institutional Services offers a range of services, including access to dedicated service teams and outsourcing of back-office operations, as well as third-party firms who provide assistance with real estate, errors and omissions insurance, and company benefits. The Company offers a variety of educational materials and events to IAs. The Institutional Services segment also provides retirement plan recordkeeping and related services, retirement plan trust and custody services, specialty brokerage services, and mutual fund clearing services, and supports the availability of Schwab investment funds on third-party platforms. The Company serves a range of employer sponsored plans, such as equity compensation plans, defined contribution plans, defined benefit plans, nonqualified deferred compensation plans and other employee benefit plans.

The Company’s bundled 401(k) retirement plan product offers plan sponsors a an array of investment options, trustee or custodial services, and participant-level recordkeeping. Services also include support for Roth 401(k) accounts and profit sharing and defined benefit plans. The Company provides a suite of tools to plan sponsors to manage their plans, including plan-specific reports, studies and research, access to legislative updates and benchmarking reports s. Through the Retirement Business Services unit, the Company and independent retirement plan providers work together to serve plan sponsors, combining the consulting and administrative expertise of the administrator with the Company’s investment, technology, trust, and custodial services. Retirement Business Services also offers the Schwab Personal Choice Retirement Account, a self-directed brokerage offering for retirement plans.

The Company’s Corporate Brokerage Services unit provides specialty brokerage-related services to corporate clients through its Stock Plan Services and Designated Brokerage Services businesses. Stock Plan Services offers equity compensation plan sponsors full-service recordkeeping for stock plans: stock options, restricted stock, performance shares and stock appreciation rights. Specialized services for executive transactions and reporting, grant acceptance tracking and other services are offered to employers. Designated Brokerage Services provides solutions for compliance departments of regulated companies and firms with requirements to monitor employee personal trading, including trade surveillance technology. The Corporate Brokerage Services unit also provides mutual fund clearing services to banks, brokerage firms and trust companies and offers Schwab-generated Investment Solutions outside the Company to institutional channels.

Company Address

Charles Schwab Corp

211 Main Street
P: +1415.6677000
F: +1415.6278538

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