Walter William Bettinger II
President & CEO
Peter Brooks Crawford
Executive VP & CFO
Joseph Raymond Martinetto
Senior EVP & COO
Charles Schwab was founded in the year 1973. The company has been operational for almost more than 45 years now. The founder of the company was Charles R Schwab. The origin of the company goes back to the year 1971, and the former name of the company was First Commander Corporation. In the year 1972, all the stocks of the company were bought over by Charles Schwab and the company was then renamed to Charles Shwab & Company Incorporated. The main aim of the company was to provide various types of brokerage services along with investment management, employee compensation plans, financial research and advice too.
The first branch of the company was opened in the year 1975, in California, USA. By the year 1982, the number of clients of the company had increased to over 374,000. The same year, the company also opened its first international office in Hong Kong as well. The company was purchased for Bank of America by Stephen McLin for about $55 million, which was again re-purchased from Bank of America for about $280 million. In the year 1991, the company had taken over Mayer & Schweitzer. In the year 1997, the company was fined $200,000, for failing to arrange its customers the best kind of trades. During the 1990s, the company had also opened its branch in London, United Kingdom, too. Then in the 2000s, the company had acquired many companies like the US Trust for more than $2.7 billion, SoundView Technology Group for about $345 million and The 401(K) Company. The company also had acquired Options Xpress in 2011 and Thomas Partners, in the year 2012. The headquarters of the company is based in 211 Main Street. The name of the place is San Francisco, while the name of the state is California, USA. The pin code of the area is 94105.
Charles Schwab is an American financial institution that provides various kinds of banking and also brokerage services to its customers. The current CEO and president of the company are Walter W Bettinger II. As of the year 2017, the total amount of revenue generated by the company is more than $8.6 billion. Also, the number of employees currently working for the company, as of the year 2019, is more than 19,100. The company has over 345 branches spread across 46 states in the USA, along with offices in Perto Rico and London as well.
The primary services of the company include allowing customers to have a platform via which various types of financial services could be obtained, as offered by the company. This includes fixed income investments, mutual funds, trading financial assets, brokerage services, common stocks, preferred stocks, exchange-traded funds, etcetera.
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