Charles Schwab’s Revenue by Segment (2016-2023)

This statistic highlights Charles Schwab’s Revenue by Segment, split between Advisor Services and Investor Services; reported quarterly from the year 2016 onwards.

Charles Schwab’s Revenue by Segment

The Corporation’s major sources of revenue are generated by two segments i.e. Investor Services and Advisor Services.

• Within Investor Services, the Company competes in serving individual investors span brokerage, wealth management, and asset management firms, as well as banks, trust companies, financial technology companies, and retirement service providers. 
• Whereas in the Advisor Services arena, they compete with institutional custodians, wirehouses, regional and independent broker-dealers, banks, and trust companies.

(All figures in billions, except percentages)

Investor Services:

The Investor Services segment offers retirement plan services, as well as other corporate brokerage services, to businesses and their workers. It also offers retail brokerage, investment advising, banking, and trust services to individual investors. 

The segment includes the following business units-

• Retail investor
• Workplace financial services 
• Stock plan services
• Retirement plan services
• Designated brokerage services
• Mutual fund clearing services
• Off-platform sales.

The segment’s total net revenue increased by 8% in the year 2022 compared to the previous year. However, when compared quarterly, there was a 10% increase in the first quarter of 2023 compared to the same quarter in 2022.

Advisor services:

The Advisor Services segment provides custodial, trading, banking and trust, and support services, as well as retirement business services, to independent registered investment advisors (RIAs), independent retirement advisors, and recordkeepers.

Through this segment, the corporation has attained to become one of the largest providers of custodial, banking, trading, and support services to RIAs and clients. The segment provides retirement business services to independent retirement advisors and recordkeepers. It also sponsors and hosts a variety of national, regional, local, and virtual events which are designed to help RIAs of all sizes and complexities; as well as to identify and implement better ways to expand and efficiently manage their practices.

The website which is designed for Advisor Services also provides educational content, interactive tools, and thought leadership for potential advisors turning independent.

The segment’s total net revenue increased by 28% in the year 2022 compared to the previous year. However, when compared quarterly, there was a 9% increment in the first quarter of 2023 compared to the same quarter of 2022.

About Charles Schwab Corporation

The Charles Schwab Corporation, an American multinational financial services company, provides banking, commercial banking, investing, and related services such as consulting, wealth management, and advisory services to both retail and institutional investors. It has more than 400 branches, most of which are located in financial hubs in the United States and the United Kingdom.

The Corporation engages in wealth management, securities brokerage, banking, asset management, custody, financial advisory services, and many more. On December 31, 2022, Schwab Corporation had $7.05 trillion in client assets, 33.8 million active brokerage accounts, 2.4 million corporate retirement plan participants, and 1.7 million banking accounts.

The company offers a wide range of financial services that can help clients achieve their financial goals. Some of the activities of Schwab Corporation include:

• Brokerage accounts
• Insurance 
• Banking
• Retirement plans
• Wealth management.

The Charles Schwab Corporation is a publicly traded company, and its stock is listed on the New York Stock Exchange under the ticker symbol “SCHW”. The Corporation is also ranked second in the Securities and Asset Management category in Fortune Magazine’s annual “World’s Most Admired Companies” survey.

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