Charles Schwab & Co. Inc. (B): In 2003

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Charles Schwab & Co. Inc. (B): In 2003

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Publication Date:
May 19, 2003

Industry:
Retail & Consumer Goods

Industry:
Financial Services

Source:
Stanford Graduate School of Business

Examines the challenges and opportunities facing Charles Schwab in 2003. The company is a leading brokerage, but the entire industry has been in a severe downturn over the past few years. Schwab made its name as a discount brokerage and grew tremendously in the 1990s, largely as a result of its successful embrace of Internet technologies and efficient customer service and transaction processing. Now competing with the likes of established brokerage houses such as Merrill Lynch, and amid a severe downturn in trading volume, the company is looking for other avenues of growth. Focuses on Schwab’s efforts to extend its business model to financial advisers.

Copyright © 2021 Harvard Business School Publishing. All rights reserved. Harvard Business Publishing is an affiliate of Harvard Business School.

Charles Schwab & Co. Inc. (B): In 2003

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Charles Schwab & Co. Inc. (B): In 2003

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