Charles Schwab

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Mission Statement Analysis - Charles Schwab Corp This essay aims to compare the mission statement of Charles Schwab Corporation against its current online company description to evaluate whether or not the mission statement has reflected the company's values. Charles Schwab Corporation is a relatively long name, as such; I will address the company as Schwab for the remainder of the essay for short. To give some background information, Schwab was formed in 1973, originally First Commander Corporation that intended to operate as a broker-dealer securities business as well as publishing "Investment Indicator”, a newsletter on the topics of investments by Charles Robert Schwab. Charles is the founder of Charles Schwab Corp. Schwab is an American…show more content…
According to missionstatements.com, Schwab's mission statement states the following, "To empower individual investors to take control of their financial lives, free from the high costs and conflicts of traditional brokerage firms". While I personally find this relatively ironic for a bank to say, since in reality it is every bank's intention to make money from its clients, it is a noble value and vision to…show more content…
Judging from its online web page, it seems likely so. At first glance of Schwab's our story page under the Power of Investing tab, it reads "Investing is the best way for people to participate in the growth of the world's economies.” It can be interpreted that taking advantage of the growth of the world's economies is definitely a way to take control of one's financial life. This is a fact because investing is essentially a way to make money with money, while there are certainly risks involved, investing in many forms is still historically the best way for anyone to gain control of their finances and have protection against misfortunes in life. Navigating to the second tab, Challenging Wall Street, it reads "Chuck Schwab founded our company to challenge Wall Street and provide more Americans with the opportunity to benefit from investing.” This speaks to the empowerment aspect of their mission statement, to empower individual investors and not be barred from investing in markets where it used to be a privilege for the few to have access to. The next tab, Through the Client's Eyes, writes "You think about investing differently when you put yourself in the shoes of your clients.” This links to the idea behind freeing Schwab's customers from high fees of the traditional brokerage firms. Lowering the bar for the average consumer not only helps the bank's clients understand the market better but also
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