The Review
Charles Schwab is the brokerage that started the discount revolution in the 1970s, and after acquiring TD Ameritrade in 2020, it became one of the largest financial services firms in the world. With $9+ trillion in client assets and 35+ million active accounts, Schwab offers a full-service experience at discount prices.
Schwab's strength is its all-in-one approach. Banking, brokerage, retirement accounts, financial advice, and lending all under one roof. The Schwab Intelligent Portfolios robo-advisor is free (no advisory fee), and their human advisor service provides CFP-level planning for accounts over $25K.
The integration of TD Ameritrade brought Thinkorswim's powerful trading platform into the Schwab ecosystem, giving active traders access to one of the best options and futures platforms available while maintaining Schwab's legendary customer service and branch network.
Why It Ranks #5
Schwab offers the broadest range of services of any brokerage. The TD Ameritrade integration added world-class trading tools to an already excellent platform for long-term investors. The complete financial services package.
Key Stats
$9T+
Client Assets
35M+
Active Accounts
400+
Branch Locations
4,000+
ETFs (Commission-Free)
Key Features
Fun Facts
Frequently Asked Questions
What is Charles Schwab?
Charles Schwab is the brokerage that started the discount revolution in the 1970s, and after acquiring TD Ameritrade in 2020, it became one of the largest financial services firms in the world. With $9+ trillion in client assets and 35+ million active accounts, Schwab offers a full-service experience at discount prices.
How much does Charles Schwab cost?
Charles Schwab pricing: Free | Schwab Intelligent Portfolios: $0 advisory fee. It is best for Full-Service Investors & Financial Planning.
Why is Charles Schwab ranked #5?
Schwab offers the broadest range of services of any brokerage. The TD Ameritrade integration added world-class trading tools to an already excellent platform for long-term investors. The complete financial services package.
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