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Charles Schwab
Hannah Tashman
History Charles Schwab and two other partners
founded the “ Charles Schwab Company” in1971 in San Francisco
The company was first incorporated as Firstcommander Corp.
It began at a traditional brokerage companythen changed into a discount brokerage in1974
Discount brokerage- a decrease in thecommission paid to a broker
In 1973 the company name changed toCharles Schwab and Co., Inc.
History Continued
First to offer 24-hour phone service in 1982 In 1983 Bank of America acquired the
company The company managed a buyback from Bank
of America in 1987 First used internet for clients to trade in 1996 The company was added to the S&P 500 Index
in 1997
What He Has Done
Charles Schwab has written books to helppeople manage their finances and tap into thestock market
One of his books is Guide to FinancialIndependence, Simple Solutions for BusyPeople
This book aims at helping people learn to tradewhile going about their busy lives
Helped create one of the largest discountbrokerages in the United States
What The Company Does
The company makestrading and financeseasy
This chart is anexample of a tradingportfolio at CharlesSchwab and Co.
How The Clients Benefit
The company serves almost ten millionaccounts to this day
The clients don’t have to pay a costlycommission to be able to trade, they only needto pay 90 cents per annum
The company offers seminars and hasbranches across the United States for clients tolearn and get help from
How The Company Has Expanded
Charles Schwab and Co., Inc. has expanded toHong Kong, Canada, and has aquired a UKdiscount brokerage
The Charles Schwab Foundation hassponsored a literacy test for high schoolstudents, this test explores the personalfinancial knowledge of such student, the testis called the “National Financial Literacy Test”
The Charles Schwab Fund serpassed $1 billionin charitable contributions in 2006
Work Cited• Charles Schwab Corporation. Apr. 2009. Web. 27 Sept. 2009.
<http://www.aboutschwab.com/about/history/index.html#expansion>.
• Paul J. Lim and Matthew Benjamin. "A Battle Royal for Your Wallet Rages As theEconomy Cools. "U.S. News & World Report Jan. 22, 2001: 58+. SIRS Researcher.Web. 22 September, 2009.
• Schwab, Charles R. "Brokers Aren't Responsible for Bad Bets." ProQuest.ProQuest LLC, 19 Aug. 2009. Web. 22 Sept. 2009.<http://online.wsj.com/article/SB10001424052970204683204574356762902979926.html>.
• "Schwab, Charles R." Charles Schwab Corporation. Aug. 2009. Web. 22 Sept.2009. <http://www.aboutschwab.com/governance/management/schwab.html>.
• Schwab, Charles R. Charles Schwab's Guide to Financial Independence : SimpleSolutions for Busy People. New York: Crown, 1998. Print.
Picture URLS
• http://www.post-gazette.com/images4/20060410ho_schwab_230.jpg
• http://www.mediabistro.com/agencyspy/original/charles-schwab-talk-to-chuck.jpg
• http://www.schwabat.com/Platforms/StreetSmart_com/Interactive_Technical_Charts.aspx
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