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The Charles Schwab Corporation [2] is an American multinational financial services company. It offers banking , commercial banking , investing and related services including consulting, and wealth management advisory services to both retail and institutional clients.
Bank of America Private Bank (formerly U.S. Trust) was founded in 1853 as the United States Trust Company of New York. [1] It operated independently until 2000, when it was acquired by Charles Schwab, and Co. [2] and subsequently sold to, and became a subsidiary of, Bank of America in 2007. [3]
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Charles Robert Schwab Sr. (born July 29, 1937) is an American investor and financial executive. The founder and chairman of the Charles Schwab Corporation, he pioneered discount sales of equity securities starting in 1975. His company became by far the largest discount securities dealer in the United States.
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Because I discovered, to my surprise, that Schwab charges a management fee of only 0.03% for its total market index fund, compared with the 0.04% that Vanguard charges Admiral class shareholders ...
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