Charles Schwab is an American investor and the founder of Charles Schwab Corporation, a leading financial services firm and a pioneer of the discount brokerage industry.
Founded in 1971 as First Commander Corporation, Schwab's company offered the perfect pairing of low prices and efficient executions. It was renamed Charles Schwab & Co. in 1973, and today, it’s the country’s largest publicly-traded investment firm, with over $4 trillion in client assets.
Schwab is often credited with “democratizing” investments, having driven numerous innovations to help people improve their saving and investing. He challenged the industry status quo by doing away with commissions, markups and fees, and front-end loads, basing his business on discount per-trade fees.
Today, Charles Schwab Corp. provides full-service banking and investing to its clients and investors globally. Schwab has served as chairman since its founding, and he was CEO for most of the company’s history until he stepped down in 2008.
Schwab is an active philanthropist as well. Together with his wife, he co-founded The Charles and Helen Schwab Foundation to support organizations in the areas of poverty prevention, education, health, and human services. He also served as chairman of the board for the San Francisco Museum of Modern Art for 10 years until 2018.
In 2008, President George W. Bush appointed Schwab chairman of the President's Advisory Council on Financial Literacy, an initiative that advised the president and the secretary of the treasury on methods to increase financial literacy.
Schwab has also authored several best-selling books, including Invested: Changing Forever the Way Americans Invest; How to Be Your Own Stockbroker; Charles Schwab's Guide to Financial Independence; You're Fifty—Now What?; and It Pays to Talk, co-written with his daughter, Carrie Schwab-Pomerantz.
Schwab earned his B.A. in economics from Stanford University and his M.B.A from the Stanford Graduate School of Business.
What is Charles R. Schwab's net worth?
The estimated net worth of Charles R. Schwab is at least $5.31 billion as of July 28th, 2022. Mr. Schwab owns 69,749,230 shares of Charles Schwab stock worth more than $5,314,891,326 as of August 15th. This net worth evaluation does not reflect any other assets that Mr. Schwab may own. Learn More about Charles R. Schwab's net worth.
How do I contact Charles R. Schwab?
Has Charles R. Schwab been buying or selling shares of Charles Schwab?
Within the last three months, Charles R. Schwab has sold $17,301,856.00 in shares of Charles Schwab stock. Most recently, Charles R. Schwab sold 149,600 shares of the business's stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $65.36, for a transaction totalling $9,777,856.00. Following the completion of the sale, the chairman now directly owns 69,749,230 shares of the company's stock, valued at $4,558,809,672.80. Learn More on Charles R. Schwab's trading history.
Who are Charles Schwab's active insiders?
Charles Schwab's insider roster includes Walter Bettinger (CEO), Marie Chandoha (CEO), Bernard Clark (EVP), Jonathan Craig (EVP), Peter Crawford (CFO), Joan Dea (Director), Christopher Dodds (Director), Mark Goldfarb (Director), William Haraf (Director), Terri Kallsen (EVP), Joseph Martinetto (COO), Stephen McLin (Director), Peter Morgan, III (EVP), Nigel Murtagh (EVP), Charles Ruffel (Director), Charles Schwab (Chairman), Paula Sneed (Director), Roger Walther (Director), and Richard Wurster (President). Learn More on Charles Schwab's active insiders.
Are insiders buying or selling shares of Charles Schwab?
In the last twelve months, Charles Schwab insiders bought shares 3 times. They purchased a total of 104,169 shares worth more than $7,081,708.31. In the last twelve months, insiders at the financial services provider sold shares 55 times. They sold a total of 2,480,690 shares worth more than $200,414,467.06. The most recent insider tranaction occured on July, 28th when Chairman Charles R Schwab sold 149,600 shares worth more than $9,777,856.00. Insiders at Charles Schwab own 6.9 % of the company. Learn More about insider trades at Charles Schwab.
Information on this page was last updated on 7/28/2022.