United States

Profile: Charles Schwab Corp (SCHW.N)

SCHW.N on New York Stock Exchange

24 Feb 2017
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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, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services and other corporate brokerage services. The Advisor Services segment provides custodial, trading, and support services as well as retirement business services. The Company offers a range of products to address individuals' varying investment and financial needs. Its product offerings include brokerage, mutual funds, exchange-traded funds (ETFs), advice solutions, banking and trust. It offer an array of brokerage accounts with cash management capabilities. The Company offers third-party mutual funds through the Mutual Fund Marketplace, including no-transaction fee mutual funds through the Mutual Fund OneSource service, which also includes proprietary mutual funds, plus mutual fund trading and clearing services to broker-dealers. CSC offers a range of ETFs, including proprietary and third-party ETFs available without a commission through Schwab ETF OneSource. Its Advice solutions comprises managed portfolios of both proprietary and third-party mutual funds and ETFs, separately managed accounts, customized personal advice for tailored portfolios, and specialized planning and full-time portfolio management. Its Banking services comprise checking and savings accounts, certificates of deposit, first lien residential real estate mortgage loans (First Mortgages), home equity loans and lines of credit (HELOCs) and Pledged Asset Lines (PALs). The Company's Trust services include trust custody services, personal trust reporting services and administrative trustee services.

The Company's subsidiaries include Charles Schwab & Co., Inc. (Schwab), Charles Schwab Bank (Schwab Bank) and Charles Schwab Investment Management, Inc. (CSIM). Schwab is a securities broker-dealer with approximately 330 domestic branch offices in over 45 states. Schwab Bank is a federal savings bank located in Reno, Nevada. CSIM is the investment advisor for Schwab's mutual funds, referred to as the Schwab Funds, and Schwab's exchange-traded funds (ETFs), referred to as the Schwab ETFs.

Investor Services

The Company offers research, analysis tools, online portfolio planning tools, performance reports, market analysis and educational material to its clients. Schwab's financial consultants (FCs) provide wealth management and financial planning assistance to clients. Schwab educates and assists clients in reaching their financial goals. Its educational tools include workshops, interactive courses and online information about investing. Additionally, Schwab provides various online research and analysis tools. This include Schwab Equity Ratings, which is a quantitative model-based stock rating system that provides clients with ratings on approximately 3,000 stocks, assigning each equity a single grade: A, B, C, D, or F. Schwab Equity Ratings International, an international ranking methodology, covers approximately 4,000 stocks in 27 foreign equity markets. Schwab Private Client features a personal advice relationship with a designated portfolio consultant, supported by a team of investment professionals who provide individualized service, a customized investment strategy developed in collaboration with the client, and ongoing guidance and execution. The Company provides investors access to investment management in a diversified account that is invested in either mutual funds or ETFs through the Schwab Managed Portfolios and Windhaven Investment Management, Inc. (Windhaven) or equity securities through Thomas Partners programs. The Company also 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 referred to investment advisors (IAs) in the Schwab Advisor Network. These IAs provide portfolio management, financial planning and wealth management solutions.

The Company serves both foreign investors and non-English-speaking United States clients who wish to trade or invest in the United States dollar-based securities. In the United States, the Company serves Mandarin-, Cantonese-, Spanish- and Vietnamese-speaking clients through its branch offices, and Web-based and telephonic services. The Investor Services segment also includes retirement plan services, stock plan services, compliance solutions, mutual fund clearing services and off-platform sales business units. Retirement plan services offer a retirement plan product that provides plan sponsors a range of investment options, trustee or custodial services, and participant-level recordkeeping. The Company offers Schwab Index Advantage under retirement plan services. The Company provides a suite of tools to plan sponsors to manage plans, including plan-specific reports, studies and research, access to legislative updates and benchmarking reports. Participants in bundled plans serviced by the Company receive targeted education materials, have access to electronic tools and resources. Stock plan services offer equity compensation plan sponsors recordkeeping for stock plans, stock options, restricted stock, performance shares and stock appreciation rights. Compliance solutions provides solutions for compliance departments of regulated companies and firms with requirements to monitor employee personal trading, including trade surveillance technology. Mutual fund clearing services provide mutual fund clearing services and recordkeeping to banks, brokerage firms and trust companies. Off-Platform sales offer mutual funds, ETFs and collective trust funds outside the Company.

Advisor Services

The Company, through the Advisor Services segment, provides custodial, trading and support services, as well as retirement business services. The Company's Advisor Services Website is a platform for IAs to conduct daily business activities online with Schwab, including viewing and managing client account information, and accessing news and market information. The Website provides account servicing capabilities for IAs, including account opening, money movement, transfer of assets, trading, checking status and communicating with the Schwab service team. The Website provides tools, educational content and research reports to assist advisors. The Company offers a range of services, which include access to service teams and outsourcing of back-office operations, as well as third-party firms to help advisors. The Company offers various educational materials, programs and events to IAs. The Company updates and shares market research on an ongoing basis, and it holds a series of events and conferences every year to discuss topics of interest to IAs. The Company sponsors the annual IMPACT conference, which provides a forum for the Company, IAs and other industry participants to gather and share information and insights.

The Company's Advisor Services segment also includes the retirement business services and corporate brokerage retirement services business units. Retirement business services provide trust, custody and retirement business services to independent retirement plan advisors and independent record keepers. The Company and independent retirement plan providers serve plan sponsors. Retirement Business Services also offers the Schwab Personal Choice Retirement Account for retirement plans. Corporate Brokerage Retirement Services serve plan sponsors, advisors and independent record keepers, and help to hold retirement plan assets. Plans held at Schwab are either self-trusteed or trusteed by a separate, independent trustee. Corporate Brokerage Retirement Services also offers the Schwab Personal Choice Retirement Account, and the Company Retirement Account, both of which are self-directed brokerage-based solutions designed to hold the assets of company-sponsored retirement plans.

Company Address

Charles Schwab Corp

211 Main St
SAN FRANCISCO   CA   94105-1905
P: +1415.6677000
F: +1415.6278538

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