Charles Schwab announced on September 17, 2025, a significant expansion of its branch network, including the addition of 16 new branches and the expansion or relocation of 25 existing locations, totaling over 40 new sites across the country. This underscores the firm’s commitment to in-person client guidance and service.
To support this expansion, Schwab plans to hire more than 400 new branch-related roles, including financial consultants and wealth consultants. This investment in client-facing personnel aims to meet increasing client needs and fuel further growth.
The expansion comes amidst record client growth, with 2.3 million new brokerage accounts and $218 billion in new assets gathered in the first half of 2025 alone. This strategic move reinforces the importance of Schwab's omnichannel approach in serving its rapidly growing retail client base.
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