Charles Schwab FDD Summary
Type of Business
The Independent Branch Leader will operate a branch office of Charles Schwab & Co., Inc., a registered broker-dealer and investment adviser, under the Charles Schwab® trade name and logo and offer retail clients non-discretionary investment advice and access to a variety of approved financial products and services.
Corporate Information
Charles Schwab & Co., Inc. was formed as a California corporation in 1971 and, since that time, has conducted business as a broker-dealer. They are dually registered as an investment adviser and broker-dealer with the Securities and Exchange Commission (“SEC”) and are a member of the Financial Industry Regulatory Authority (“FINRA”). Their principal business address is 211 Main Street, San Francisco, California 94105.
Investment
The total investment necessary to begin operation of a Charles Schwab® Independent Branch is $57,170 to $133,550. This includes $25,000 to $50,000 that must be paid to the franchisor or its affiliates before the Independent Branch opens.