Charles Schwab Corporate Office - Corporate Offices & Headquarters

Charles Schwab Corporate Office

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The Charles Schwab Corporation Corporate Office Address

The Charles Schwab Corporation
211 Main Street
San Francisco, CA 94105

Contact The Charles Schwab Corporation

Phone Number: (415) 667-7000
Fax Number: (415) 627-8538
Website: https://www.schwab.com
Email: Email The Charles Schwab Corporation

Executives

CEO: Walter W. Bettinger II
CFO: Joseph R. Martinetto
COO: John S. Clendening

The Charles Schwab Corporation History

Charles R Schwab founded an investment newsletter named Investment Indicator in 1963 and the firm incorporated in 1971 as First Commander Corporation, a wholly-owned subsidiary of Commander Industries..

In 1972 Schwab bought out all the common stock of Commander Industries and changed the name of the company to Charles Schwab & Co., Inc.

Today the company is a broker that offers traditional brokerage services as well as financial research, advice, planning, investment management, retirement, and employee compensation plans.

Charles Schwab manages $2.3 trillion in assets for 10.5 million individual investors and institutional clients.

The company trades publicly on the New York Stock Exchange under the ticker symbol SCHW, is a member of the S&P 500, is #459 in the Fortune 500, has 14,300 employees and had $5.90 billion in revenue in 2013.

{ 3 comments… read them below or add one }

Robert Berg August 23, 2017 at 5:14 pm

I have been a client of yours since 1992 and recently, I find your services not up to par.
I dread having to call 800-435-4000 because I’m usually on hold for 10-15 minutes. But, more importantly, your lack of providing timely news on your site has cost me money on 2 equities the past month and if it happens again, I will seriously consider leaving Schwab. I have my grandchildren’s UFLUTMA with you and had my daughter open her account with you.
On 7/28 I owned 2100 shares of MO and that morning the shares began dropping in a freefall. Schwab had no news to report. The stock then came back a little but then dropped further. I called again approx. 10am but you still had no news. The volume was through the roof so obviously word was out. I seem to recall that Schwab posted news about 10.40am and they toldme that they get their news from Reuters and that’s when Reuters reported the FDA lowering nicotine in tobacco products. To have to wait over 1 hour to get news cost me money because I would have sold my shares earlier and reduced my loss. The same thing happened today on PETS. I purchased it in the morning and it began going down with extremely high volume. Schwab had no news until 1.37pm! Again, the word was out as volume was over 10 times the norm and I would have sold earlier to reduce my loss.
Don’t you think someone should look into why Schwab is falling down on the job by not getting sufficient information to it’s clients in a timely manner?
Robert Berg
561-733-9XXXX

Reply

Scott S. Siegel June 28, 2017 at 11:24 am

I have all of my personal accounts and my family accounts with Schwab. I also have a significant say with where my 50 man group keeps its 401K, which is one of the reasons that the group recently moved to Schwab.

I have been in contact with Schwab at least 3 or more times now in the last number of months regarding REAL TIME errors in the stock market data and quotes that they are providing to their customers. For example, at this moment my Schwab portfolio is showing ARI down 0.36 cents for the day when in fact it is up 0.10 cents on the day.

This is actionable information that may be affecting hundreds of clients. And yet, despite multiple promises and reassurances, Schwab has yet to get back to me with any kind of response or solution. On a corporate level I find this mind boggling due to the devastating nature of making such a mistake in the financial market place.

The lack of response on the part of Schwab has turned me from a loyal customer to someone who is seriously considering moving my accounts elsewhere. A problem of this nature is of such magnitude that for it to go on unresolved and, worse, unresponded to is truly unacceptable. I am going public with my concern only as a last resort.

I sincerely hope that this email generates the reaction and the response that it deserves.

Reply

Kathleen Craven March 31, 2017 at 4:24 pm

Re: Small business 401 K plan experience
We have had individual accounts with Charles Schwab for about 20 yrs with very positive interactions. When federal changes came to our employee’s 401K plans 2yrs ago with Transamerica and Edward Jones, we received mixed information including the need to re-administer their accounts. My husband Robert Craven and I then decided to move our employee’s accounts all to Charles Schwab. We told the employees we had always received helpful service. This has not been the case at all.
We have been sent wrong forms, had to fill out applications two to three times – because they were lost! – these documents had sensitive information on them which our staff was concerned about. I have faxed or mailed requests to correct multiple situations up to 6 times with no results or mixed responses – such as now I have the wrong location, they never received the previous letter/fax, etc. etc. Currently our TPA cannot access the reports we have requested for him after multiple phone calls, faxes and letters. He needs these documents to complete our 2016 reports. Some of these documents we have requested since the end of first quarter of 2016. I just sent another fax trying to authorize his access to these documents. I have tried customer service, – but never get the same person twice – and every time the information has been different. No one calls me back or helps me follow up – except one person who then dropped off. I regret transferring our employees at this point as I have wasted alot of time and I no longer can assure the employees this was a good decision.
My immediate concern is getting the 401K investment statements for 2016 to Bruce Marrotta at bmarotta at aliactuary.com who is listed as our TPA on our accounts.
I also would like a solution to these other concerns.
You can reach me at 360 477 XXXX – which is my cell.

Kathleen Craven and Robert Craven

Reply

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