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Investors in the Schwab YieldPlus Fund, including Charles Schwab himself, lost $1.1 billion. [24] Schwab closed the YieldPlus funds in 2011. [25] In April 2007, the company acquired The 401(k) Company. [26] On July 22, 2008, Walter W. Bettinger, the previous chief operating officer, was named chief executive, succeeding the company's namesake.
In the U.S., directory assistance for companies with toll-free "800 numbers" (with area codes 800, 833, 844, 855, 866, 877, and 888) was available from toll-free directory assistance, reachable by dialing 1-800-555-1212, for many decades until it was discontinued in 2020. [citation needed]
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A Charles Schwab location in Princeton, New Jersey. In 1977, Schwab began offering seminars to clients. By 1978, the company had 45,000 client accounts total, and the number grew to 84,000 in 1979. In 1980 Schwab established the industry's first 24-hour quotation service, and the total of client accounts grew to 147,000.