Charles Schwab Assets Under Management (AUM)
Charles Schwab is a leading brokerage firm in the U.S. It has more than
1,200 financial advisors, over 380 branches in 46 states, and
supports more than 7,000 registered investment advisors. It also runs its own FDIC-insured
bank with over 2.1 million accounts.
The investment side of the company manages large amounts of money and serves many clients.
Charles Schwab's total assets under management are about $9.93 trillion
(source: Charles Schwab quarterly report). Here are the key figures:
Charles Schwab ranks third for index mutual funds, fifth for ETFs, and fourth for money market funds.
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Charles Schwab Number of Customers
Charles Schwab has more than 37 million brokerage accounts. This is a solid increase from last year.
The bank accounts make up a small part of the assets. Most assets are in brokerage
accounts, many of which are retirement accounts. The firm offers Individual Retirement Accounts
and employer-sponsored plans.
The broker has a strong share of the registered investment advisor market. It offers services for independent advisors. The 7,000 advisors on its platform oversee $2 trillion. Schwab’s advisory team has 1,800 staff who handle trading, operations, and custody.
Outside the U.S., Schwab has offices in England, Hong Kong, and Puerto Rico.
Charles Schwab Review
Charles Schwab is a top U.S. brokerage. It has low fees, good customer support, and independent research alongside a wide range of products. It works well for long, medium, and short-term investors. New traders will find plenty of learning resources. More experienced traders get timely news and market insights.
Account Types
Every investor has a different trading style. Charles Schwab offers many types of accounts to suit each investor’s needs.
These accounts are grouped into five main categories: standard, retirement, education, specialty, and managed portfolios. Within each, you can pick specific accounts designed for most investors.
Common accounts like IRAs, small business plans, cash accounts, and margin accounts are easy to manage online. Managed portfolios are overseen by professionals, which suits investors who don’t have time to follow market changes.
Platforms
Charles Schwab offers multiple trading platforms for a trader’s convenience. The first platform is their
web platform. Day traders may find this platform
slower when entering and exiting in seconds. Trades execute fast, but pages can take
longer to load.
Charles Schwab’s second platform is their mobile app. It works like the web platform but has some small changes.
The screens are cleaner and less cluttered, and trades execute much faster.
The third platform is ThinkorSwim. This standalone app is uncluttered. Since it opens in its own window, traders can switch between the app and their browser for news and charts, or split the screen to view both side by side.
Fees
Charles Schwab’s fees are competitive. There are no commissions for trading stocks, ETFs, and
many mutual funds.
Option contracts cost about the same as other brokers. The standard $0.65 per contract
fee applies to both buy and sell orders.
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Tools
All investors know news can move markets. This matters most for
short-term and day traders. Schwab offers independent third-party news, but it
may not always arrive on time. For day traders, an article
delayed by twenty minutes can turn a win into a loss.
On the education side, Schwab leads. New investors who have never
traded can read hundreds of pages covering basic trading ideas
until they learn the skills. Schwab also provides step-by-step videos, articles, and
guides for beginners. These resources are clear, easy to follow, and
introduce new terms, tips, and strategies.
Experienced traders get detailed technical and fundamental analysis of different markets
and stocks. Schwab even offers Forex trading with up to 1:50 leverage. Standard commission
rates and swap fees still apply, depending on the currency pair.
Schwab AUM Recap
Charles Schwab is a well-known brokerage in the U.S. Its reliable platforms,
helpful customer service, competitive fees, and wide range of accounts have won
the respect of professional traders. Even new investors can use
Schwab’s clear guides and resources to build their portfolio steadily
with good risk management.
Updated on 5/12/2025.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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