How Charles Schwab Got Its Start [SMDk3j7cIFk]

Health Updated on August 09, 2026 EDT — Published on August 09, 2026 EDT

Looking back on this day, April 1st, 1971, Charles Schwab and two partners who had been writing an investment newsletter together entered the brokerage business, officially incorporating its first Commander Corp.. Within two years, Schwab had bought out his partners and renamed the company after himself.