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Charles Schwab Assets Under Management (AUM)
2020 Charles Schwab total assets under management. Charles Schwab AUM: client assets, number of
brokerage accounts, and mutual funds assets.
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Charles Schwab Assets Under Management (AUM)
Charles Schwab is one of the largest broker-dealers in the United States. The company has over 1,200 financial advisors, operates more than 330 brick-and-mortar locations in 46 states, and serves 7,000 registered investment advisors. The company also manages its own FDIC-insured bank with over a million accounts.
The investment division of the financial behemoth has very deep pockets and a large customer base. Specifically, the brokerage house has the following numbers:
| Charles Schwab total client assets |
$3.85 trillion |
| Charles Schwab Advisory solution assets |
$1.69 trillion |
| Charles Schwab brokerage accounts number |
12,1 million |
Client assets represents the total amount of cash, securities, and other financial vehicles on deposit with Charles
Schwab. This figure includes both managed and non-managed funds.
Charles Schwab and Competitors
Charles Schwab Number of Customers
The broker-dealer has 12.1 million securities accounts, which is nearly ten times as many bank accounts. The
12.1 million figure includes 1.5 million retirement plan participants who have an employer-sponsored retirement
account. The total number of trading accounts is up by 2%.
The company’s banking division makes up only a small fraction of client assets. The bulk comes from brokerage
accounts, and a large chunk of these are retirement accounts. The firm provides Individual Retirement Accounts
and employer-sponsored plans. More than $100 billion of Schwab’s client assets come from retirement savers.
The broker also has a large market share of the registered investment advisor marketplace. The company provides various financial services for independent financial advisors. The 7,000 investment advisors Schwab works with manage $1.28 trillion. Schwab’s investment advisory service employs 1,800 workers to handle trading, operations, and custody issues.
Besides its US operations, Schwab also has offices in England, Hong Kong, and Puerto Rico. This is a smaller global presence than other brokers, such as Merrill Lynch, have.
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Benefits of a Large Firm
Going with a large brokerage house has several benefits. Because Schwab has a very large treasury, it can keep
costs and expense ratios to an absolute minimum. For example, its robo-advisory service is actually free.
Schwab funds also can have low expense ratios because they have billions of dollars invested in them. The company is able to be profitable while charging ultra-low prices for its funds. The savings are ultimately passed onto its customers.
Overview of Charles Schwab Investing
Charles Schwab is one of the "Big Five Brokerages": five largest brokerage houses it the Unites States (the others are
TD Ameritrade, Etrade, Vanguard, and Fidelity Investments). The firm has been in business since 1971.
Charles Schwab does not offer the most advanced trading technology, like the one at Thinkorswim, but
for the average investor the trading and research tools provided are more than enough. Their advanced trading platform is called StreetSmart Edge. It is a
feature-rich desktop application that comes with level II quotes, live streaming of CNBC financial news, and conditional orders. $1,000 minimum account
balance is required to gain access to StreetSmart Edge.
Charles Schwab’s original reputation is built upon its brick and mortar business offering clients access to over 345 local branches for in-person
visit. These locations provide in-branch workshops, guidance, advice, and help when a computer or a phone call is not adequate. Accounts with a minimum
of $25,000 receive the Schwab Managed Portfolio service that provides access to investment professionals and advisors free of charge.
Beginners will find good resources at Schwab, including 24/7 customer support and a wide range of learning materials. Here's a rundown on how the broker can help new traders:
The Schwab website hosts videos and articles that discuss many important financial issues, such as estate planning, taxation, education savings, retirement, and inheritance. And of course a lot of material is devoted to securities, including not just stocks but also options and fixed-income products.
Stock and mutual fund reports are available to the broker's customers free of charge. Some of them are from Schwab, while others are published by independent third parties. These materials can help novices make better trading decisions.
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