Introduction to Charles Schwab
Expansion and Job Creation
Dallas-based financial services giant Charles Schwab is growing its national branch network and adding hundreds of new jobs to bolster its physical presence and provide more in-person financial services.
Schwab, which relocated its headquarters from San Francisco to the Dallas suburb of Westlake in 2021, announced earlier this week it was planning 16 new branches and 25 expansions or relocations across the U.S.
Related
The firm’s services include brokerage, banking, wealth management, financial advisory, custody and asset management.
Business Briefing
Expansion Plans
New Branches and Jobs
Alongside the expansion, Schwab is also adding 400 branch-related roles, including financial consultants and wealth advisors, with a focus on serving high- and ultra-high-net-worth households.
The expansion will concentrate on fast-growing regions. In Texas, two new branches are planned for the greater Austin area, including a new office in Bee Cave and a relocated branch in downtown Austin.
Florida is set to gain five new branches and one relocation, and California is adding three new locations in Monarch Beach, Manhattan Beach and San Francisco’s Mission Bay, along with six branch expansions or relocations.
Charles Schwab’s recently opened branch in downtown Austin.
Courtesy of Charles Schwab
Recruitment and Client Base
Employee Addition and Client Assets
The bank added 2,300 new employees in the first half of 2025, and is still actively recruiting client service, wealth management, digital innovation and AI development positions concentrated in Texas, California, Colorado, Florida and Nebraska.
“[O]ur branch network is without a doubt a competitive differentiator for Schwab and a critical part of how we help clients build trusted relationships and achieve their financial goals,” said Jeannie Bidner, head of branch network at Schwab in a news release. “We’re excited to expand into new communities — as well as build out our presence in many communities where we are already located — to work with an even larger number of clients.”
Bidner noted that “thousands of clients” visit Schwab branches every day.
As of August 2025, Schwab has approximately 37 million active brokerage accounts, 2.1 million banking accounts and $9.93 trillion in client assets.
Conclusion
The expansion of Charles Schwab’s branch network and the addition of new jobs are significant steps towards providing more in-person financial services to clients. With a focus on serving high- and ultra-high-net-worth households, the company is poised to strengthen its position in the financial services industry. The recruitment of new employees and the growth of its client base are also indicative of the company’s commitment to delivering exceptional service and achieving its financial goals.
FAQs
Frequently Asked Questions
Q: What is Charles Schwab expanding?
A: Charles Schwab is expanding its national branch network by adding 16 new branches and 25 expansions or relocations across the U.S.
Q: How many new jobs is Charles Schwab adding?
A: Charles Schwab is adding 400 branch-related roles, including financial consultants and wealth advisors.
Q: What regions is the expansion focusing on?
A: The expansion is concentrating on fast-growing regions, including Texas, Florida, and California.
Q: How many clients does Charles Schwab have?
A: As of August 2025, Charles Schwab has approximately 37 million active brokerage accounts, 2.1 million banking accounts, and $9.93 trillion in client assets.
Q: Why is Charles Schwab expanding its branch network?
A: The expansion is aimed at providing more in-person financial services to clients and strengthening the company’s position in the financial services industry.
