Charles Schwab - M&A Summary and Business Overview

Financial ServicesCompany

Charles Schwab M&A Summary

Charles Schwab has acquired 13 companies, including 4 in the last 5 years. It has also divested 4 assets.

Charles Schwab’s largest acquisition to date was in 2019, when it acquired TD Ameritrade Holding for $26.0B. It’s largest disclosed sale occurred in 2007, when it sold U.S. Trust to Bank of America for $3.3B. Charles Schwab has acquired in 8 different US states. The Company’s most targeted sectors include financial services (85%) and business services (8%).

Charles Schwab Business Overview

Where is Charles Schwab headquartered?

Charles Schwab is headquartered in Westlake, Texas.

What is Charles Schwab’s revenue?

Charles Schwab disclosed revenue of 20,762M USD for 2022 and 18,520M USD for 2021.

How many employees does Charles Schwab have?

Charles Schwab has 32,000 employees.

What sector is Charles Schwab in?

Charles Schwab is a financial services company.

When was Charles Schwab founded?

Charles Schwab was founded in 1971.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity13
    • M&A Sell Activity4
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 6
  • M&A Advisors 4

Charles Schwab

The Charles Schwab Corp.

3000 Schwab Way,
Westlake, Texas 76262
United States,
(817) 859-5000
www.schwab.com

Charles Schwab engages in securities brokerage, banking, money management, and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments, Investor Services and Institutional Services. The Investor Services segment provides retail brokerage and banking services to individual investors. The Institutional Services segment provides custodial, trading, and support services to independent investment advisors. The Institutional Services segment also provides retirement plan services, specialty brokerage services, and mutual fund clearing services. Charles Schwab was founded in 1971 and is based in Westlake, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 11 1 - - 1 - 13
vol $32.7B $32.7B
Sell (0.2/yr) # 3 - - 1 - - 4
vol $3.6B $3.6B
  17

Most Recent M&A

Company Date Value Type
Family Wealth Alliance LLC 2023-01-24 - Add-on Acquisition
Chicago, Illinois · www.familywealthalliance.com
Schwab Compliance Technologies, Inc. 2022-03-07 - Divestiture
San Francisco, California · www.schwabct.com
Wasmer, Schroeder & Co., LLC 2020-02-24 - Add-on Acquisition
Naples, Florida · www.wasmerschroeder.com
TD Ameritrade Holding Corp. 2019-11-25 26.0B USD Add-on Acquisition
Omaha, Nebraska · www.tdameritrade.com
United Services Automobile Association - Investment Management Company 2019-07-25 1.8B USD Divestiture
San Antonio, Texas
ThomasPartners, Inc. 2012-10-15 85M USD Add-on Acquisition
Wellesley, Massachusetts · www.thomaspartnersinc.com
Schwab Compliance Technologies, Inc. 2011-11-16 - Add-on Acquisition
San Francisco, California · www.schwabct.com
optionsXpress, Inc. 2011-03-21 1.0B USD Add-on Acquisition
Chicago, Illinois · www.optionsxpress.com
Windward Investment Management Inc. 2010-08-30 150M USD Add-on Acquisition
Boston, Massachusetts
U.S. Trust Corp. 2007-11-20 3.3B USD Divestiture
New York, New York · www.ustrust.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 11 (85%) 32.7B (100%) 3 (75%) 3.6B (100%)
Software 1 (8%) - 1 (25%) -
Business Services 1 (8%) - - -
Total 13 $32.7B 4 $3.6B

By Geo

State/Country Buy Value Sell Value
United States 13 32.7B 4 3.6B
  Texas 4 2.4B - -
  California 1 - 2 -
  Illinois 2 1.0B - -
  Massachusetts 2 235M - -
  Connecticut 1 321M 1 265M
  New York 1 2.7B 1 3.3B
  Florida 1 - - -
  Nebraska 1 26.0B - -
Total 13 $32.7B 4 $3.6B

Top M&A Advisors

Financial Deals
Credit Suisse Investment Banking
 2
UBS Investment Bank
 1
Legal Deals
Davis Polk & Wardwell
 2
Sidley
 1

Deal Values

buy # Total
> $1B 4 $31.5B
$100M to $1B 4 $1.1B
< $100M 1 $85M
TOTAL $32.7B
Largest TD Ameritrade Holding Corp.
$26.0B (2019-11-25)
sell # Total
> $1B 1 $3.3B
$100M to $1B 1 $265M
TOTAL $3.6B
Largest U.S. Trust Corp.
$3.3B (2007-11-20)

M&A Connections

Deals
Acquired from
Strategic(s)
15%
2 (15%)
Divested to
Strategic(s)
100%
4 (100%)

Company Summary

SECTOR

Financial Services

Revenue

20,762   13% 2022
18,520   59% 2021
11,691   10% 2020
10,721   6% 2019
10,132   18% 2018
8,618   16% 2017
7,473   2016
(millions of USD) Show More Show Less

Employees

32,000

Established

1971

Public

NYSE: SCHW

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