Charles Schwab & Co., Inc.

• Fixed fees (other than subscription fees)
• Other

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

See the firm's brochure (dated June 29, 2026) for its fees and any account minimum, on the SEC's IAPD site.

Not reported.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

Not reported.

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

• Financial planning services
• Selection of other advisers (including private fund managers)
• Other

Registration

SEC-registered investment adviser. Status as filed: Approved.

Registered since

1987 (39 years)

Employees

Total: 30,690. Performing investment advisory functions: 4,127.

Wrap fee program participation

Yes.

Other offices (Schedule D, Section 1.F)

22 other offices, as of the October 2026 filing

Austin, TXBellevue, WABethesda, MDChicago, ILClayton, MOCupertino, CAHouston, TXIndianapolis, INIrvine, CALone Tree, COMenlo Park, CAMillburn, NJNewport Beach, CAOmaha, NEOrlando, FLPasadena, CAPhoenix, AZRichfield, OHSeattle, WASt Louis, MOWalnut Creek, CAWestlake, TX

States registered or notice-filed

52 states or jurisdictions

AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPAPRRISCSDTNTXUTVAVIVTWAWIWVWY

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

12 Reports 12 disclosure items on Form ADV Item 11. View on IAPD.

Questions answered yes on this filing

Criminal matters Items 11.A and 11.B

• 11.A(1) In the past ten years, has the firm or an advisory affiliate been convicted of, or pleaded guilty or no contest to, a felony?
• 11.A(2) In the past ten years, has the firm or an advisory affiliate been charged with a felony?

Regulatory matters Items 11.C to 11.G

• 11.C(1) Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?
• 11.C(2) Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
• 11.C(4) Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
• 11.C(5) Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
• 11.D(4) In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
• 11.D(5) Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?
• 11.E(2) Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?
• 11.G Is the firm or an advisory affiliate now the subject of a regulatory proceeding that could result in a yes answer to any part of 11.C, 11.D, or 11.E?

Civil court matters Item 11.H

• 11.H(1)(a) In the past ten years, has a domestic or foreign court issued an injunction against the firm or an advisory affiliate in connection with investment-related activity?
• 11.H(1)(b) Has a domestic or foreign court ever found that the firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. What happened, and who was involved, is on the Disclosure Reporting Pages of the IAPD record. Reading a firm's disclosures

Total employees: 19,268 in October 2021 and 30,690 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

1. April 2026
   • Its Item 11 disclosure answers changed (now yes: 11.A(2); now no: 11.B(1)).
   • Employees performing advisory functions went from 3692 to 4127.
   • Changed its office addresses in Newport Beach, CA.
   • Added an office in Irvine, CA.
   • Added an office in Lone Tree, CO.
   • Added an office in Walnut Creek, CA.
   • No longer lists an office in Corte Madera, CA.
   • No longer lists an office in Los Angeles, CA.
   • No longer lists an office in New York City, NY.
   • No longer lists an office in Orlando, FL.
2. January 2026
   • Changed its office addresses in Newport Beach, CA.
   • Added an office in Corte Madera, CA.
   • Added an office in Cupertino, CA.
   • Added an office in Houston, TX.
   • Added an office in Los Angeles, CA.
   • Added an office in Orlando, FL.
   • Added an office in Pasadena, CA.
   • No longer lists an office in Cincinnati, OH.
   • No longer lists an office in Irvine, CA.
   • No longer lists an office in Lone Tree, CO.
   • No longer lists an office in Sacramento, CA.
   • No longer lists an office in Walnut Creek, CA.
3. December 2025
   • Item 11 disclosure answers changed: 12 yes answers, previously 11 (now yes: 11.A(1)).

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.