Charles Schwab & Co., Inc.

Registered investment adviser · San Francisco, CA · CRD #5393

Form ADV data as of 2026-09-01

Regulatory assets

Total accounts

Employees

30,690

Disclosure events

Firm details

Website: http://www.linkedin.com/company/schwab-advisor-services
Telephone: 415-667-7000
SEC file number: 801-29938
Most recent Form ADV filing: 2026-06-29
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 12 disclosure questions answered Yes, covering 20 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

Convicted of or pled guilty/no contest to a felony (past 10 years)
Charged with a felony (past 10 years)
SEC or CFTC found a false statement or omission
SEC or CFTC found a violation of its regulations or statutes
SEC or CFTC entered an order in connection with investment-related activity
SEC or CFTC imposed a civil money penalty or a cease-and-desist order
Another regulator entered an order in connection with investment-related activity (past 10 years)
Another regulator denied, suspended, or revoked a registration or restricted activity
A self-regulatory organization found a violation of its rules
Currently subject to a regulatory proceeding that could result in a disclosure under 11.C., 11.D., or 11.E.
A court enjoined the firm in connection with investment-related activity (past 10 years)
A court found involvement in a violation of investment-related statutes or regulations

Assets and accounts

Provides continuous and regular supervisory or management services	No
Discretionary regulatory assets under management	$0
Non-discretionary regulatory assets under management	$0
Total regulatory assets under management	$0
Discretionary accounts	0
Non-discretionary accounts	0
Total accounts	0

People

Total employees (excluding clerical)	30,690
Employees performing investment advisory functions (including research)	4,127
Employees who are registered representatives of a broker-dealer	16,763
Employees registered as investment adviser representatives with a state	6,584
Employees registered as IARs for another investment adviser	0
Employees who are licensed insurance agents	3,594
Firms or persons who solicit advisory clients on the firm's behalf	1

Custody

Has custody of client cash or bank accounts	Yes
Has custody of client securities	Yes
Client funds and securities held in the firm's custody	$436.61 billion
Clients for whom the firm has custody	819,899
A related person has custody of client cash or bank accounts	Yes
A related person has custody of client securities	No
Client funds and securities held in a related person's custody	$10.70 billion
Clients for whom a related person has custody	438,011
The firm acts as a qualified custodian	Yes
A related person acts as a qualified custodian	Yes
Number of persons acting as qualified custodians for the firm's clients	2

How the firm is compensated

Fixed fees (other than subscription fees)Other

Advisory services offered

Financial planning servicesSelection of other advisers (including private fund managers)Other

Other business activities

Broker-dealer (registered or unregistered)Insurance broker or agent

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Commodity pool operator or commodity trading advisorFutures commission merchantBanking or thrift institutionTrust companyInsurance company or agencyPension consultantSponsor, general partner, or managing member of pooled investment vehicles

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys securities from or sells securities to advisory clients (principal transactions)
Buys or sells for itself securities it also recommends to clients
Recommends securities in which it has another proprietary interest
Recommends securities for which it serves as underwriter or general partner
Recommends securities in which it has another sales interest
Brokers or dealers selected under 8.C.(3) are related persons
Recommends brokers or dealers to clients
Brokers or dealers recommended under 8.E. are related persons
Receives soft dollar benefits
Compensates a non-employee for client referrals
Provides employee compensation specifically for obtaining clients
Receives compensation from others for client referrals