Charles Schwab & Co., Inc.
Charles Schwab & Co. (“Schwab”) is a registered broker-dealer with the Financial Industry Regulatory Authority (“FINRA”). It is also registered with the Securities and Exchange Commission (“SEC”). Accordingly, it must abide by securities regulations and federal and state securities laws. Failure to do so leaves it susceptible to private and public legal action.
Schwab conducts 7 types of businesses. Its investment advisory services include financial planning, portfolio management, selection of other advisors, and wrap fee programs. The majority of its clients are individuals. It is compensated for its investment advisory services with either fixed fees, hourly charges, or with asset based fees for wrap programs.