Charles Schwab is a leading US-based brokerage firm. Founder Chuck Schwab originally set up in the 1960s as an independent investment advisor and established a general retail brokerage firm in 1971. For a few years in the 1980s the business was owned by BankAmerica Corp, but it was bought out by Schwab and his management team in 1987, and has been independent since then. The company is best-known now for its online share trading services, the #1 in its sector ahead of rival E*Trade, but this serves primarily as a loss leader for advisory services. The company continues to operate a chain of around 300 retail branches spread across the US offering brokerage as well as investment products, banking and other services. In 2011 it acquired options specialist OptionsXpress, which continues to operate under its existing name. The group currently manages around 10.2m brokerage accounts with combined client assets of almost $2.8 trillion. Revenues dipped sharply in the recent recession but have been steadily rising since then, finally topping pre-recession levels in 2013. In 2016, topline jumped by 17% to a record $7.5bn, and net income was up by almost a third. Trading commissions accounted for only 10% of revenues, with the bulk split between advisory fees and earned interest on managed cash. Walt Bettinger is CEO, but founder Charles Schwab remains chairman. Adbrands does not currently offer a business profile for this company but subscribers may access account assignments and contact information. The searchable account assignments database is available to full subscribers to Adbrands.net premium services. Click here to access Adbrands account assignments (subscribers only); or see here for information on how to subscribe.
Capsule checked 24th March 2017
Adbrands Company Profiles assess more than 1,000 leading advertisers, brands and agencies, and examine each company's business record, geographic strength and comparative performance within its chosen sector, including strengths and weaknesses, history, up-to-date news and top-line financial information. What else does the company do? How did it originate? What other brands does it own? How is it performing in the market? With what other businesses is it affiliated?
Adbrands Account Assignments is a database tracking account management for the world's leading brands and companies. In other words, which advertising agency handles which accounts in which countries. Fully searchable by brand, brandowner company or advertising agency, the database now contains more than 15,000 worldwide account assignments for over 4,000 leading brands.
New to the industry? See here for a brief summary of how the agency business is structured.
All rights reserved © Mind Advertising Ltd 1998-2018