Charles Schwab Organizational Structure & Org Chart

The Charles Schwab Corporation organizational chart

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The Charles Schwab Corporation's reporting structure as of 2026-11. Drag to pan, scroll to zoom — or open it in QueryChart and edit it as your own.

About the company

The Charles Schwab Corporation says in its 2025 Form 10-K that it had 11.90 trillion dollars in client assets, 38.5 million active brokerage accounts, 5.7 million workplace plan participant accounts and 2.2 million banking accounts at the end of 2025. Total net revenues were 23.9 billion dollars and net income was 8.9 billion dollars. Detailed reporting lines below the executive team are not published, so this page maps segments and named leaders.

Richard Wurster became Chief Executive Officer in January 2025, succeeding Walter Bettinger, who is now Co-Chairman alongside founder Charles Schwab. The company's operating decision makers are the CEO and the Chief Financial Officer, which is why segments, not subsidiaries, are the natural top level of the chart.

Investor Services and Advisor Services

Investor Services provides retail brokerage, investment advisory, and banking and trust services to individual investors, plus retirement plan and business services to companies and their employees. Its business units are Retail Investor, Workplace Services, Mutual Fund Clearing Services and Off-Platform Sales. It earned 19.0 billion dollars of net revenues in 2025.

Advisor Services provides custodial, trading, banking and trust, and support services to independent registered investment advisors, independent retirement advisors and recordkeepers, and earned 4.9 billion dollars. Both segments grew 22 percent in 2025, so the split is about who the client is rather than a fast-versus-slow divide.

Ameritrade was integrated over five client transition groups in 2023 and 2024, converting roughly 1.9 trillion dollars of client assets across more than 17 million accounts. The chart therefore folds former Ameritrade clients into the two segments, and Schwab's principal subsidiaries, such as the broker-dealer and the bank, are described as legal entities rather than separate boxes.

Key leadership roles

1. Richard A. Wurster

   President and Chief Executive Officer

2. Walter W. Bettinger II

   Co-Chairman of the Board

3. Charles R. Schwab

   Co-Chairman of the Board

4. Michael D. Verdeschi

   Managing Director and Chief Financial Officer

5. Jonathan M. Craig

   Managing Director and Head of Investor Services

6. Jonathan S. Beatty

   Managing Director and Head of Advisor Services

7. Paul V. Woolway

   Managing Director and Chief Banking Officer

How this structure supports the business

Naming a head for each segment ties the two audiences, individual investors and independent advisors, to accountable leaders. Next to Morgan Stanley or Wells Fargo, Schwab's wealth and brokerage focus is simpler, with banking supporting the client relationship.

Showing Ameritrade as completed integration keeps the chart honest: readers do not look for a separate Ameritrade division that no longer reports.

Advantages and disadvantages

Two segments match the filing and the CODM view, so segment revenue figures can be checked.

Technology, risk, banking and operations teams serve both segments and are not drawn as shared boxes.

Listing business units shows what each segment contains.

Business units can be renamed, as Workplace Financial Services was renamed Workplace Services.

Interesting facts

• Schwab reported 11.90 trillion dollars of client assets at the end of 2025.
• Total net revenues rose 22 percent to 23,921 million dollars.
• Investor Services produced 18,999 million and Advisor Services 4,922 million of net revenues.
• The Ameritrade integration was completed as of December 31, 2024.
• Charles Schwab & Co. was incorporated in 1971.

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Frequently asked questions

What are Schwab's reportable segments?

Investor Services and Advisor Services, per the 2025 Form 10-K.

Is TD Ameritrade still a separate unit?

No. The filing says its integration was completed as of December 31, 2024.

Who is Schwab's CEO?

Richard Wurster has been CEO since January 2025 and was President since 2021.

How many people work at Schwab?

About 33,000 full-time equivalents, counting part-time, temporary and contract workers, at December 31, 2025.

Use this org chart template

Open the dated Charles Schwab business map in QueryChart and adapt the editable groups to your own organization.

Use this org chart