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Schwab was born in Sacramento, California, [5] [6] the son of Terrie and Lloyd Schwab. [7] He is one of two children, having a younger sister. His father was a lawyer and the district attorney of Yolo County, while his mother was a housewife. Schwab grew up in Woodland, California, before moving to Santa Barbara, California, at the age of
In January 2004, Schwab acquired SoundView Technology Group for $345 million to add equity research capabilities. [20] [21] David S. Pottruck, who had spent the majority of his 20 years at the brokerage as Charles R. Schwab's right-hand man, shared the CEO title with the company's founder from 1998 to 2003. In May 2003, Mr. Schwab stepped down ...
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