211 Main Street
San Francisco, CA 94105
Google Maps
Contact
Main Phone: 800-648-5300
Web Site:
http://www.schwab.com
Mutual Fund Brand(s)
Schwab Funds, Laudus Funds
Research Links
Stock Data: SEC Filings | Yahoo! Quote
SEC Fund Filings by CIK
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Background:
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In 1972 Charles Schwab bought out his partners in First Commander Corporation, a broker-dealer and investment newsletter publisher. He renamed the firm after himself in 1973 and adopted the "discount brokerage" business model following the 1974 deregulation of the securities industry.
Schwab sold the brokerage to Bank of America in 1983, only to buy it back in 1987 and take it public later that year.
Mutual Fund Distribution
Schwab launched its Mutual Fund MarketPlace with 140 no-load funds in 1983. It expanded that service to offer round-the-clock mutual fund trades in 1986.
It followed that innovation with the creation of the no-transaction fee (NTF) Mutual Fund OneSource in 1992. The NTF platform revolutionized mutual fund distribution by allowing fund investors to gather their assets under one roof while avoiding the commissions of traditional brokerage accounts.
Schwab also instituted "shelf-space" payments for mutual fund firms taking part in the NTF platform. Today those payments range from 40 basis points on funds custodied on the platform.
Proprietary Mutual Funds
Schwab founded a family of index mutual funds in 1989 with the first fund opening in 1990. Through the next decade it studiously refrained from offering self-branded active funds to avoid competition with funds on OneSource.
Schwab added active funds with the purchase of Axa Rosenberg funds in 2004. The combined funds are now branded as Laudus. The Laudus brand now consists of the Laudus Mondrian Funds, the Laudus MarketMasters Funds, and the Laudus U.S. Large Cap Growth Fund
Schwab launched its proprietary line of ETFs in 2009. Those ETFs are offered with no commission to its brokerage clients.
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Sponsored Opportunities
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Key People:
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Omar Aguilar Chavez
CEO, Chief Investment Officer of Charles Schwab Investment Management, Inc. (CSIM) (dba Schwab Asset Management), Charles Schwab, Inc. | Jon de St. Paer
President, Chief Operating Officer of Charles Schwab Investment Management, Inc. (CSIM) (dba Schwab Asset Management, Charles Schwab | Peter Crawford
Executive VP/ CFO, Charles Schwab | Bari Havlik
Chief Compliance Officer, Charles Schwab Investment Management, Charles Schwab & Co., Inc. | Koji Felton
Senior Vice President, Chief Counsel, Corporate Secretary, Charles Schwab Investment Management, Charles Schwab & Company | Jeffrey Mortimer
Director of Investment Strategy - Wealth Management Division, BNY Mellon | George Pereira
Senior Vice President, Chief Financial Officer, Charles Schwab Investment Management, Charles Schwab | Michael Haydel
SVP, Brokerage and Specialized Products, Charles Schwab | Catherine MacGregor
Vice President, Chief Counsel, Laudus Trust and Laudus Institutional Trust, Charles Schwab | Shanna Weber
Managing Director of Strategy and Product Development, Charles Schwab Investment Management |
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