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