Per.2 Adrian Garcia. Schwab History The Early Years 1963: Chuck Schwab and two other partners launch Investment Indicator, an investment advisory newsletter.

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Presentation transcript:

Per.2 Adrian Garcia

Schwab History The Early Years 1963: Chuck Schwab and two other partners launch Investment Indicator, an investment advisory newsletter. At its height, the newsletter had 3,000 subscribers, each paying $84 a year to subscribe.Chuck Schwab 1971: In April, the firm is incorporated in California as First Commander Corporation, a wholly-owned subsidiary of Commander Industries, Inc. to conduct a conventional broker- dealer securities business and publish the Schwab investment newsletter. In November, Chuck Schwab and four others buy all stock from Commander Industries, Inc. 1972: Chuck Schwab buys all stock from what was once Commander Industries. 1973: The corporate name changes to Charles Schwab & Co., Inc.

Checking Account What are the fees and minimums? Monthly service fees: $0 Account minimum: $0 What do I get with this Investor Checking account? Unlimited rebates from any ATM worldwide 1 A 0.20% variable interest rate on any balance 2 Free standard checks and a Visa ® Platinum debit card FDIC insurance up to $250,000 3 A linked Schwab One ® brokerage account with no fees or minimums

Savings Account What are the fees and minimums? Monthly service fees: $0 Account minimum: $0 What do I get with this savings account? A competitive interest rate on any balance An easy way to access, transfer and manage your cash 1 No ATM fees—Schwab Bank will reimburse you for any ATM fees charged by any bank 2 FDIC insurance up to $250,000 3 Direct deposit for all or a portion of your paycheck or Social Security check

Loans All they offer is Mortgage loans.

Credit Card Schwab had a First year Invest credit card that they discontinued.