The Charles Schwab Corporation Overview
Pro stress-test →Charles Schwab is a leading provider of financial services with 38.5 million active brokerage accounts, 5.7 million workplace plan participant accounts, 2.2 million banking accounts, and $11.90 trillion in client assets. The company provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent investment advisors. The company reported record 4Q25 and full-year 2025 results, with full-year revenue of $23.9B, up 22% vs. 2024.
Strategic Profile
Pro stress-test →Charles Schwab is one of the largest retail-oriented financial-services companies in the US, and while best known for its retail brokerage offering, Schwab generates the lion's share of its revenue and profits through its Charles Schwab Bank and asset management segments. The firm is a dominant player in registered investment advisor custody, with over 40% market share, and has recently pushed into wealth management with robo-advisory, direct indexing, and other managed-investment solutions.
Competitive Landscape
Pro stress-test →Charles Schwab operates in a competitive landscape with 46 identified competitors including Raymond James Financial and other major financial services firms. Morgan Stanley's acquisition of EquityZen prompted Schwab's Forge Global acquisition as a defensive counter-response, indicating intensifying competition for private markets access. The company competes on scale, technology, and breadth of services across retail brokerage, wealth management, and banking.
Industry Context
The Charles Schwab Corporation operates in Financial Services - Wealth Management & Retail Brokerage.
Key facts
Founded: 1971 · Headquarters: Westlake, Texas · Employees: N/A · Revenue: $23.9B · Market cap: $169-189B