Win-Win

August 16, 2024 Walter W. Bettinger II
At Schwab, client satisfaction and growth go hand in hand.

In another year of strong growth for Schwab, I'm humbled to look back at our remarkable history and evolution. When I became CEO about 15 years ago, we had just over $1 trillion in client assets. Today, it's more than $9 trillion.1 We owe that extraordinary growth to you—our valued clients.

Growth of this scale doesn't come easily, and we know it results from putting your needs at the forefront of everything we do. We see the world through clients' eyes, creating and innovating products and services to better serve your financial goals. Although we started as a discount brokerage, we've since added capabilities that serve investors of all types, including Schwab Asset Management®, Schwab Bank, Schwab Wealth Advisory™—and now significantly expanded trading and personalized investment offerings.

Schwab Trading Powered by Ameritrade™, for example, offers the powerful thinkorswim® trading platform, along with a comprehensive ecosystem of trading education content and coaching on Schwab.com, market insights on the Schwab Network™, live support via our Trade Desk team, and the award-winning Schwab Mobile app. We've also made investing easier and more accessible with products like Schwab Investing Themes™, which allows you to invest in ideas and trends that align with your interests and values.

We may be larger and more capable than ever before, but our principles never change: We are here for you 24 hours a day, seven days a week by phone, email, or chat—because we know we grow only when you decide to entrust us with more of your hard-earned investment dollars. As our founder, Chuck Schwab, always reinforces: We never take your trust for granted.

Sincerely,

Walt Bettinger Signature

Walt Bettinger

Chief Executive Officer & Co-Chairman

1As of 5/31/2024.

Investing involves risk, including loss of principal.

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Supporting documentation for any claims or statistical information is available upon request.

Thematic investing involves risk including loss of principal. The strategies are generally non-diversified and concentrated in the securities of issuers in a particular market, industry, group of industries, sector, country or asset class. As a result, a single adverse economic or regulatory occurrence may have a more significant effect on the strategies investments, be more vulnerable to adverse economic, market, political or regulatory occurrences, and may experience increased volatility than other strategies with greater diversification.

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