SCHWAB CHARLES CORP

The Charles Schwab Corporation (CSC) is a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services through its subsidiaries. As of December 31, 2025, Schwab managed $11.90 trillion in client assets, served 38.5 million active brokerage accounts, 5.7 million workplace plan participant accounts, and 2.2 million banking accounts. Key subsidiaries include Charles Schwab & Co., Inc. (CS&Co), a securities broker-dealer incorporated in 1971; Charles Schwab Bank, SSB (CSB), its primary banking entity; and Charles Schwab Investment Management, Inc. (CSIM), which advises Schwab's proprietary mutual funds (Schwab Funds®) and exchange-traded funds (Schwab ETFs). Schwab serves individuals and institutional clients through two segments. The Investor Services segment offers retail brokerage, investment advisory, banking, and trust services to individual investors, alongside retirement plan, business, and other corporate brokerage services for businesses and their employees. The Advisor Services segment provides custodial, trading, banking, trust, and support services to independent registered investment advisors (RIAs), independent retirement advisors, and recordkeepers.