Charles R. Schwab
- Born:
- July 29, 1937, Sacramento, California, USA
- Nationality:
- American
- Profession(s):
- Entrepreneur, Investor, Author
Early Life and Education
- Suffered from dyslexia as a child.
- Graduated from Stanford University with a Bachelor of Arts in Economics in 1959.
- Received an MBA from Stanford Graduate School of Business in 1961.
Career and Major Achievements
- Co-founded Investment Indicator, an investment newsletter, in 1963.
- Founded First Commander Corporation, a traditional brokerage firm, in 1971.
- In 1973, First Commander Corporation became Charles Schwab & Co., Inc., a discount brokerage firm.
- Pioneered discount stock brokerage services, making investing more accessible to the general public.
- Led Charles Schwab Corporation through significant growth and technological innovation, including early adoption of online trading.
- Served as Chairman and CEO of Charles Schwab Corporation for many years.
Notable Works
- Authored several books on investing, including:
- How to Be Your Own Stockbroker
- You're Fifty - Now What? Investing for the Second Half of Your Life
- Invest First, Investigate Later
Legacy and Impact
Charles R. Schwab is best known as the founder of Charles Schwab Corporation. His innovations democratized investing by making it more affordable and accessible, profoundly impacting the financial services industry. The story of Charles Schwab biography founder reveals a commitment to innovation and customer service that reshaped the landscape of personal finance.