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In addition, customers have access to lots of commission-free investments online through a self-directed brokerage account with Charles Schwab, which charges no fee for balances of $3,000 or more ...
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.
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