Charles Schwab Corp., The

Charles Schwab Corporation (SCHW) is a large US-based brokerage, wealth management and banking group that serves retail investors, financial advisers and institutional clients. Investors should know it earns revenue from net interest income on client deposits and lending, asset- and advisory-based fees, trading-related services and custodial solutions. Schwab’s size and integrated platform give it scale advantages, though its performance is sensitive to interest-rate moves, market volatility and flows of client assets. Competition from low-cost rivals and evolving technology are constant pressures, while regulation and client behaviour can alter margins. With a market capitalisation of about $172.6bn, Schwab is a major participant in the discount-broker market and has broadened into banking and asset management. This summary is general educational information only; it is not personalised financial advice. Values can rise and fall and past performance is no guarantee of future results. Prospective investors should assess suitability, consider diversification and, if needed, consult an independent financial adviser.