We're Invested in Diversity & Inclusion We believe diversity and inclusion are tied to our success and purpose of serving every client with passion and integrity. Marquee Icon Callout Workforce diversity Our talent comes from a broad spectrum of human qualities and strengths Inclusive workplace We are an inclusive culture of support, partnership, flexibility and balance Serving diverse needs We leverage our differences to help our clients succeed Supporting communities We support many organizations serving underrepresented communities Stronger Through Diversity Schwab was founded on the belief that the investment industry needed to be more inclusive – that more people from Main Street should be able to enjoy the same benefits as those on Wall Street. That spirit of inclusiveness has been a guiding principle ever since, and we are dedicated to building and maintaining a culture that values and reflects the strengths of every employee. We know that through diversity, we gain a wider range of perspectives and experiences, which supports our Through Clients’ Eyes business strategy. Read CEO Walt Bettinger's perspective on Schwab's Commitment to Diversity and Inclusion Four Pillars To bring these ideals to life, we have established an approach with four key pillars: Increase Workforce Diversity: talent comes from a broad spectrum of human qualities and strengths Build on our Inclusive Workplace: embracing an inclusive culture across the organization Serve a Diverse Marketplace's Needs: leveraging our differences is important to our clients' success Support our Communities: making a positive impact on the communities where we live and work Click here to view our progress across these four pillars > Workforce Diversity Workforce diversity We focus on attracting diverse talent by maintaining a strong employer brand and expanding where and how we meet prospective employees. We recruit from underrepresented communities, including women, people of color, people with disabilities and people with military backgrounds, among others. Campus Recruiting: We partner with Historically Black Colleges and Universities and Hispanic-serving institutions, such as North Carolina A&T and the University of Arizona, to leverage our alumni from those universities to expand our presence at campus career fairs and career panels. We also reach out to underrepresented student groups at other colleges to provide job mentoring and career panels. Endowed Scholarship Programs: Through the Charles Schwab Foundation, we’ve endowed a $3.5 million scholarship program to provide financial assistance and career opportunities to underrepresented students with a declared major in Financial Planning. Those eligible at several universities may apply for approximately $10,000 a year in scholarship funds if they are within two years of graduation. In addition to the two-year scholarship, recipients are invited to apply for and participate in an internship at Schwab, which could help inspire a future career in Financial Planning. This endowment is designed to have a long-term impact on creating career opportunities for underrepresented employees in the industry and enhance the diversity of Financial Planning majors. Participating schools include: Arizona State University Purdue University Temple University Texas Tech University The University of Akron University of Arizona Virginia Tech This endowment complements other scholarship programs for underrepresented communities, funded through Charles Schwab Foundation, including: A $500,000 contribution to fund scholarships at three Historically Black Colleges and Universities (HBCUs): Bethune-Cookman University, North Carolina Agriculture and Technical State University, and Prairie View A&M University. The RIA Talent Advantage Scholarship Program through Schwab Advisor Services, which aims to raise awareness of the independent investment advisory profession and provides $10,000 scholarships to twelve students, reserving half for students from underrepresented groups. Professional Organizations: We partner with and sponsor over 25 organizations to help recruit diverse talent to Schwab. Our partnerships range from organizations and websites like The Muse, a go-to for the next gen workforce, to partnerships like the Toigo Foundation Conference to actively recruit Black and Latinx talent, and to supporting and sponsoring Financial Women of San Francisco. Some of our newest partners include: Association of Latino Professionals for America, a nonprofit that provides professional development workshops and career resources to its 81,000+ members Latino Leadership Institute, a professional development program advancing Latino leaders Ellevate, a global professional women's network National Black MBA Association National Conference, a nonprofit that advocates for minority business professionals Inclusively, an employment network that matches people with disabilities with employers who are committed to hiring inclusively Mathison, an organization dedicated to bridging the gap between the most underrepresented job seekers and employers committed to diversity and inclusion Inclusive Workplace Inclusive workplace Our business is designed to help people take control of their financial futures, and the same applies to our people. We invest in our employees and their futures by creating a culture of support, partnership, flexibility and balance. Benefits: The well-being of our people and their families comes first. In order to help employees and their families navigate life’s everyday challenges, we focus on providing benefits that matter most to them. We have expanded our parental leave benefits and added more family/personal support programs, including backup care, support for children who are experiencing developmental, learning or emotional hurdles, and legal assistance for employees’ parents. Learn more about Schwab’s full benefits package. Talent Development: At Schwab, we want everyone to reach their fullest potential and look for opportunities to educate on diversity and inclusion (D&I) and develop our next generation of leaders to role model inclusive leadership. Topics we’ve addressed include inclusive leadership, the language of inclusion and increasing allyship. Mentorship Program: In addition to our ongoing talent development program, Schwab also offers multiple mentorship opportunities. One of those opportunities is the D&I Mentorship Program, which is complementary in many respects, yet unique in that it pairs Director-level employees who have self-identified as American Indian or Alaska Native, Asian, Black or African American, Latinx, Native Hawaiian or Pacific Islander, or two or more races, with Managing Directors as dedicated mentors. Schwab’s senior leader mentors provide career guidance and developmental insights, and mentees focus on expanding leadership capabilities to prepare them for career growth while developing meaningful, supportive relationships with senior leaders. Employee Resource Groups: Our Employee Resource Groups (ERGs) are employee-driven and provide support, leadership development opportunities, and connection to our diverse marketplace. Our ERGs are made up of employees who share characteristics or life experiences and are committed to enhancing diversity and inclusion at Schwab. Since 2018, membership in our Employee Resource Groups (ERG) has increased 75% and includes more than 150 ERG chapters and 10,000 members across Schwab. Our ERGs include: Through our ERG Mentorship Committee, we launched the firm-wide ERG Mentorship program built to meet the career growth and employee engagement of our underrepresented employees. To learn more and find great career opportunities, visit Schwab Jobs. PRIDE Austin celebrates members and allies of the LGBTQ community Video - Pride Austin “Pride is acceptance. It's something that really means the most to me because without acceptance, we can't have diversity and inclusion. For me to be here at Schwab, it means that I can be my radically authentic self.” George Myatt Project Coordinator, Digital Services Austin, Texas Opens in popup + Transcript Serving Diverse Needs Serving diverse needs As the U.S. becomes more diverse, the financial services industry is increasingly demanding new capabilities to meet the needs of diverse clients. We believe diversity and inclusion is part of our success as a firm, our unique culture and our purpose of serving every client with passion and integrity. Client Service: We are meeting our clients’ needs for financial education content specific to their communities, such as women and LGBTQ+, through customized education sessions. Accessibility: Our user experience team works to ensure that as Schwab products and online experiences are developed, anyone can access them regardless of abilities. Industry Education: We also educate our network of Registered Investment Advisors (RIAs) on D&I best practices, so that they can amplify progress across the industry. Research: We partnered with Ariel Investments, the first minority-owned investment management firm in the country, to co-sponsor the annual Ariel-Schwab Black Investor Survey. This body of research explores the similarities and differences between Black and white Americans when it comes to saving, investing, and other financial priorities. View the 2021 survey findings. Watch the 2021 panel discussion. Supporting Communities Supporting Communities At Schwab, we focus on financial literacy as a way to empower diverse communities. To that end, we support many community organizations serving underrepresented communities with the long-term goals of broadening both our diverse talent and client pool. Nonprofit Partnerships: We partner with many local nonprofits, such as the Boys & Girls Club, to improve financial literacy among underserved communities and help them toward a more secure financial future. Many of our employees champion nonprofits aligned with our diversity and inclusion strategy for charitable giving and volunteer service as well, including Dress for Success, economically empowering women, and College Track, helping students from underserved communities graduate from college. InternPro Program: We launched the InternPro program with Braven, a nonprofit dedicated to empowering underrepresented young people, to help first-generation college students of color from low-income backgrounds prepare for an internship with Schwab. Schwab's InternPro is a nine-week leadership and career development experience that equips rising college juniors with the skills, mindsets, experiences and networks necessary to secure and succeed in internships. College2Careers: The College2Careers program partners Schwab employees with students from regional universities to provide students from underrepresented communities with valuable development tools including coaching on career skills, relationship building strategies, and guidance on positioning themselves to be competitive in the current job market and learn about career opportunities at Schwab. Moneywise America™: Building on our decades-long commitment to financial literacy, we launched Moneywise America with the aim to help close the financial education gap by making free financial education available to every school and community in the United States by 2025. Moneywise America is designed to help level the economic playing field for teens across the country through high-quality financial education, with a focus on reaching youth in under-resourced schools and communities. It has two core components: a standards-based financial literacy curriculum and a corps of Schwab employee volunteers trained to facilitate it. Read the press release and story. The Life Changing Power of Financial Literacy Yanely video Closing the financial education gap “Access to financial education is unequal in our country. Schwab wants to help level the playing field by making free, high-quality financial education accessible to everyone.” Carrie Schwab-Pomerantz President, Charles Schwab Foundation Opens in popup + Transcript Charles Schwab Workforce Snapshot Below is a snapshot of our EEO-1 data. While workforce demographics are only one measure of progress on diversity and inclusion among many others, we know sharing this information is important. Full Schwab EEO-1 Data (Download .pdf) Recognition for Our Progress While there is more work to do toward our goal of creating an ever more inclusive workplace at Schwab, we are proud of our progress and the recognition we have received: Corporate recognition highlights DEI 2020 Award Schwab scored 90 on the 2020 Disability Equality Index. 2020 Best of the Best Recognition Schwab has been recognized since 2012 by U.S. Veterans Magazine. 1020-0UR5 Brokerage Products: Not FDIC Insured • No Bank Guarantee • May Lose Value Schwab is committed to building a diverse and inclusive workplace where everyone feels valued. As an equal employment opportunity employer, our policy is to provide equal employment opportunities to all employees and applicants without regard to any status that is protected by law (Equal Employment Opportunity policy). Schwab is also an affirmative action employer, focused on advancing women, racial and ethnic minorities, veterans, and individuals with disabilities in the workplace. We believe diversity and inclusion are part of our success as a company and our purpose of serving every client with passion and integrity. The Charles Schwab Corporation provides a full range of brokerage, banking and financial advisory services through its operating subsidiaries. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (Member SIPC), offers investment services and products, including Schwab brokerage accounts. Its banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides deposit and lending services and products. Access to Electronic Services may be limited or unavailable during periods of peak demand, market volatility, systems upgrade, maintenance, or for other reasons. 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