Charles Schwab

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Headquarters: 101 Montgomery Street San Francisco, CA 94104 Employees: 14,000 CEO: Charles Schwab Stock Symbol: SCHW Website: http://www.schwab.com Career Site The Charles Schwab Corporation is one of the nation's largest financial services firms. Through its subsidiaries - including Charles Schwab & Co., Inc., Schwab Bank, U.S. Trust Corporation and CyberTrader, Inc. The company provides securities brokerage, banking, wealth management and financial services for 6.7 million client brokerage accounts, 519,000 401(k) plan participants, 175,000 banking accounts, and $1.3 trillion in client assets. Clients include domestic and international individual investors, independent investment advisors and corporate retirement and investing plan sponsors. Charles Schwab is a leading provider of discount brokerage services both online and at retail offices. Investors can trade stocks for as low as $12.95 online. Schwab has 296 branches across the U.S. Schwab Bank opened in 2003 and is headquartered in Reno, NV with 60 employees. U.S. Trust offers wealth management services and is headquartered in New York City with 2,360 employees. In 2005, Schwab reported revenues of $4.4 billion and net income of $725 million. History In 1963, Charles Schwab and two other partners launch Investment Indicator, an investment advisory newsletter. At its height, the newsletter had 3,000 subscribers, each paying $84 a year to subscribe. Schwab opened his first brokerage in 1975 offering discounts on commissions. The company opened its first office outside of California in Seattle in 1977. The Bank of America acquired Schwab for $57 million in 1983. In 1987, management leads a buyback from Bank of America for $280 million and Charles Schwab would go public in September, 1987. The company launched its website in 1995 and began offering online trading in 1996. Benefits - Medical - Dental - Vision - Disability - Life and Accidental Death & Dismemberment Insurance - 401(k) Basic Match and Discretionary Profit Contribution - Employee Brokerage Accounts and Trade Discounts - Discounts on some Schwab Bank products - Employee Discount Program - Schwab Learning & Development - Tuition Reimbursement - Series 7 and 63 training Updated June 3, 2006

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