How Charles Schwab Quietly Became The Biggest, Public U.S. Brokerage

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Published Jun 18, 2023

Charles Schwab is the largest public brokerage in the U.S., a leading provider for financial advisors, a top ETF asset manager and one of the biggest banks. Charles Schwab was among the firms that benefited from the growth of retail investing during the coronavirus pandemic, and it’s now facing the consequences of Federal Reserve’s aggressive interest rate hikes. Watch the video above to learn more about how Charles Schwab battled the ever-evolving financial services market from fees to fintech, and how the reward doesn’t come without the risk.

Chapters:
00:00 — Introduction
01:07 — Discount Broker
02:43 — History
04:48 — Beyond Brokering
07:09 — Zero Fees
09:50 — Future

Produced by: Andrea Miller
Additional Reporting by: Yun Li
Edited by: Emily Sternlicht
Animation: Christina Locopo
Supervising Producer: Lindsey Jacobson

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How Charles Schwab Quietly Became The Biggest, Public U.S. Brokerage

Category: Tech
Tags: CNBC, CNBC original, business

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How Charles Schwab Quietly Became The Biggest, Public U.S. Brokerage

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