Franopolis

    Charles Schwab

    Franchise research report · reviewed 2026 disclosure data

    Reviewed sources

    Charles Schwab franchise opportunities center around providing investment advisory and financial planning services under one of the most trusted names in wealth

    Save Territory check Compare Website

    Headline figures

    Charles Schwab quick facts

    Is Charles Schwab a franchise?
    Yes. Charles Schwab offers franchises through a Franchise Disclosure Document. At the end of 2025, it reported 95 franchised and 287 company-owned outlets (2026 FDD, Item 20, PDF p. 96).
    How much does it cost to open a Charles Schwab franchise?
    The Charles Schwab Franchise Disclosure Document reports an estimated initial investment of $103,605 (2026 FDD, Item 7, PDF p. 43). This is the franchisor's disclosed estimate, not a quote. Details
    Does Charles Schwab disclose financial performance (Item 19)?
    Yes. The Charles Schwab FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 95). Figures apply only to the locations and period each one covers. Details
    How many Charles Schwab locations are there?
    The FDD reports 382 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 96). Existing locations do not indicate territory availability. Details
    Is Charles Schwab a good franchise to buy?
    Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 includes financial performance figures; check which locations and period they cover; Item 20 lists outlet openings, closures and transfers; Item 6 lists every recurring fee beyond royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.

    From reviewed FDD figures only. Not a recommendation or projection.

    What the disclosures show

    1. 1Opening costs are estimated at $103,605 in the 2026 FDD (Item 7); several initial fee options apply.
    2. 2Item 19 covers 48 separate groups: other measures for 91 Franchised locations; other measures for 94 Franchised locations; other measures for 73 Franchised locations; other measures for 94 Franchised locations; other measures for 91 Franchised locations; other measures for 39 Franchised locations; other measures for 47 Franchised locations; other measures for 86 Franchised locations; other measures and memberships for locations; other measures for 82 Franchised locations; other measures for 73 Franchised locations; other measures for 91 Franchised locations; other measures for 71 Franchised locations; other measures for 78 Franchised locations; other measures for 80 Franchised locations; other measures for 24 Franchised locations; other measures for 31 Franchised locations; other measures for 33 Franchised locations; other measures for 94 Franchised locations; other measures for 80 Franchised locations; other measures for 71 Franchised locations; other measures for 80 Franchised locations; other measures for 78 Franchised locations; other measures for 90 Franchised locations; other measures for 47 Franchised locations; other measures for 31 Franchised locations; other measures for 24 Franchised locations; other measures for 33 Franchised locations; other measures for 82 Franchised locations; other measures for 80 Franchised locations; other measures for 94 Franchised locations; other measures for 47 Franchised locations; other measures for 43 Franchised locations; other measures for 33 Franchised locations; other measures for 71 Franchised locations; other measures for 73 Franchised locations; other measures for 78 Franchised locations; other measures for 43 Franchised locations; other measures for 31 Franchised locations; other measures for 80 Franchised locations; other measures for 24 Franchised locations; other measures for 90 Franchised locations; other measures for 82 Franchised locations; revenue and other measures for locations; other measures for 95 Franchised locations; other measures for 80 Franchised locations; other measures for 94 Franchised locations; other measures for locations. They are not combined.
    3. 3Outlets grew by 1 in 2025, to 382 (United States, as labeled in the FDD, Item 20).

    From reviewed FDD figures only. Not a recommendation or projection.

    Franchises under $150kOther brands whose disclosed Item 7 low end fits this budget.Compare outlet trendsPut Item 20 counts side by side with up to 3 other brands.

    Charles Schwab head-to-head

    Peers in the same industry, side by side from reviewed FDD figures. Not a ranking or recommendation.

    Charles SchwabVSJackson Hewitt
    Compare head-to-head
    Charles SchwabVSJackson Hewitt Tax Service
    Compare head-to-head
    Charles SchwabVSLiberty Tax Service
    Compare head-to-head
    Charles SchwabVSPACCAR Leasing Company
    Compare head-to-head

    Costs · Items 5–7

    What does it cost to open?

    Estimated opening costs and the fees payable to the franchisor.

    Startup Investment — Item 7

    Total estimated initial investment

    2026 FDD · Item 7 · PDF p. 43

    Ongoing Fees — Item 6

    Selected recurring charges; payment bases and conditions remain attached to each fee.

    87 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.

    Financial Performance — Item 19

    What results are disclosed—and for which locations?

    48 separate populations, shown apart. Revenue is not owner income.

    91 locations

    Other measures · 91 locations

    Who is counted
    Table6c franchised branches; all eligible branches
    Period
    # of Branches Included
    Excluded
    One branch <12months excluded; secondlocations GermantownWI/ClermontFL combined with primary. EOP5a/b excludes Schwab HighYieldChecking/Savings. Source MM notation retained without rescaling.
    Method
    New-to-Firm net new assets only

    These groups are never combined.

    Outlet Changes — Item 20

    How has the outlet count changed?

    United States, as labeled in the FDD · counts as of 2025 of each year.

    2026 FDD · Item 20 · PDF p. 96

    Net +2 outlets, 2023–2025

    0380202338120243822025+1+1

    Year-end counts reported in Item 20. The scale starts at zero, so the line looks nearly flat; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.

    Questions to investigate

    Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.

    For the franchisor

    • Which line items in the 2026 Item 7 estimate ($103,605) vary most by market, and why?

    • Which initial fee option would apply to my situation, and what conditions or discounts affect it?

    • Which locations are included in the Item 19 figures, and which were excluded?

    • Reported units went from 381 to 382 in 2025. How many new units opened, closed or changed hands?

    • Is a territory available in my area, and how is it defined in my agreement?

    For current and former owners

    • How did your actual startup costs and timeline compare with the Item 7 estimate?

    • How many hours a week do you work in the business, and in what role?

    • How do your results compare with the Item 19 figures, and what explains the difference?

    • What support from the franchisor has been most and least useful?

    For your advisors

    • Ask a franchise attorney to review the territory, renewal, transfer and termination terms.

    • Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.

    Sources & vintage history

    Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.

    Citations (2026 FDD)

    1. [1]Estimated initial investment — Item 7 · PDF p. 43
    2. [2]Item 19 — Locations counted not stated in the reviewed record — Table6c franchised branches; all eligible branches · PDF p. 95
    3. [3]Item 19 — Locations counted not stated in the reviewed record — Table4a franchised branches; all eligible branches · PDF p. 90
    4. [4]Item 19 — Locations counted not stated in the reviewed record — Table4c franchised branches; all eligible branches · PDF p. 91
    5. [5]Item 19 — Locations counted not stated in the reviewed record — Table4c franchised branches; all eligible branches · PDF p. 91
    6. [6]Item 19 — Locations counted not stated in the reviewed record — Table4c franchised branches; all eligible branches · PDF p. 91
    7. [7]Item 19 — Locations counted not stated in the reviewed record — Table4b franchised branches; opened since12/31/2019 · PDF p. 90
    8. [8]Item 19 — Locations counted not stated in the reviewed record — Table4b franchised branches; opened since12/31/2019 · PDF p. 90
    9. [9]Item 19 — Locations counted not stated in the reviewed record — Table4a franchised branches; all eligible branches · PDF p. 90
    10. [10]Item 19 — Locations counted not stated in the reviewed record — All Franchise Branches open/operating including Activation Branch · PDF p. 84
    11. [11]Item 19 — Locations counted not stated in the reviewed record — Table4c franchised branches; all eligible branches · PDF p. 91
    12. [12]Item 19 — Locations counted not stated in the reviewed record — Table5c franchised branches; all eligible branches · PDF p. 93
    13. [13]Item 19 — Locations counted not stated in the reviewed record — Table5c franchised branches; all eligible branches · PDF p. 93
    14. [14]Item 19 — Locations counted not stated in the reviewed record — Table4a franchised branches; all eligible branches · PDF p. 90
    15. [15]Item 19 — Locations counted not stated in the reviewed record — Table4a franchised branches; all eligible branches · PDF p. 90
    16. [16]Item 19 — Locations counted not stated in the reviewed record — Table4a franchised branches; all eligible branches · PDF p. 90
    17. [17]Item 19 — Locations counted not stated in the reviewed record — Table4b franchised branches; opened since12/31/2019 · PDF p. 90
    18. [18]Item 19 — Locations counted not stated in the reviewed record — Table4b franchised branches; opened since12/31/2019 · PDF p. 90
    19. [19]Item 19 — Locations counted not stated in the reviewed record — Table4b franchised branches; opened since12/31/2019 · PDF p. 90
    20. [20]Item 19 — Locations counted not stated in the reviewed record — Table5a franchised branches; all eligible branches · PDF p. 92
    21. [21]Item 19 — Locations counted not stated in the reviewed record — Table4c franchised branches; all eligible branches · PDF p. 91
    22. [22]Item 19 — Locations counted not stated in the reviewed record — Table5a franchised branches; all eligible branches · PDF p. 92
    23. [23]Item 19 — Locations counted not stated in the reviewed record — Table5a franchised branches; all eligible branches · PDF p. 92
    24. [24]Item 19 — Locations counted not stated in the reviewed record — Table5a franchised branches; all eligible branches · PDF p. 92
    25. [25]Item 19 — Locations counted not stated in the reviewed record — Table5a franchised branches; all eligible branches · PDF p. 92
    26. [26]Item 19 — Locations counted not stated in the reviewed record — Table5b franchised branches; opened since12/31/2019 · PDF p. 92
    27. [27]Item 19 — Locations counted not stated in the reviewed record — Table5b franchised branches; opened since12/31/2019 · PDF p. 92
    28. [28]Item 19 — Locations counted not stated in the reviewed record — Table5b franchised branches; opened since12/31/2019 · PDF p. 92
    29. [29]Item 19 — Locations counted not stated in the reviewed record — Table5b franchised branches; opened since12/31/2019 · PDF p. 92
    30. [30]Item 19 — Locations counted not stated in the reviewed record — Table5c franchised branches; all eligible branches · PDF p. 93
    31. [31]Item 19 — Locations counted not stated in the reviewed record — Table6a franchised branches; all eligible branches · PDF p. 94
    32. [32]Item 19 — Locations counted not stated in the reviewed record — Table6a franchised branches; all eligible branches · PDF p. 94
    33. [33]Item 19 — Locations counted not stated in the reviewed record — Table6b franchised branches; opened since12/31/2020 · PDF p. 94
    34. [34]Item 19 — Locations counted not stated in the reviewed record — Table5b franchised branches; opened since12/31/2019 · PDF p. 92
    35. [35]Item 19 — Locations counted not stated in the reviewed record — Table6b franchised branches; opened since12/31/2020 · PDF p. 94
    36. [36]Item 19 — Locations counted not stated in the reviewed record — Table6a franchised branches; all eligible branches · PDF p. 94
    37. [37]Item 19 — Locations counted not stated in the reviewed record — Table6c franchised branches; all eligible branches · PDF p. 95
    38. [38]Item 19 — Locations counted not stated in the reviewed record — Table6a franchised branches; all eligible branches · PDF p. 94
    39. [39]Item 19 — Locations counted not stated in the reviewed record — Table6b franchised branches; opened since12/31/2020 · PDF p. 94
    40. [40]Item 19 — Locations counted not stated in the reviewed record — Table6b franchised branches; opened since12/31/2020 · PDF p. 94
    41. [41]Item 19 — Locations counted not stated in the reviewed record — Table6c franchised branches; all eligible branches · PDF p. 95
    42. [42]Item 19 — Locations counted not stated in the reviewed record — Table6b franchised branches; opened since12/31/2020 · PDF p. 94
    43. [43]Item 19 — Locations counted not stated in the reviewed record — Table6a franchised branches; all eligible branches · PDF p. 94
    44. [44]Item 19 — Locations counted not stated in the reviewed record — Table6c franchised branches; all eligible branches · PDF p. 95
    45. [45]Item 19 — Locations counted not stated in the reviewed record — Franchise Branch clients; historical illustrative fee rates · PDF p. 88; PDF p. 86; PDF p. 89; PDF p. 87
    46. [46]Item 19 — Locations counted not stated in the reviewed record — Table6c franchised branches; all eligible branches · PDF p. 95
    47. [47]Item 19 — Locations counted not stated in the reviewed record — Table5c franchised branches; all eligible branches · PDF p. 93
    48. [48]Item 19 — Locations counted not stated in the reviewed record — Table5c franchised branches; all eligible branches · PDF p. 93
    49. [49]Item 19 — Locations counted not stated in the reviewed record — Franchise Branch clients · PDF p. 86; PDF p. 88
    50. [50]Outlet counts — Item 20, Table 1 · PDF p. 96

    "PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD

    Territory & operations

    97 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.

    These are contract disclosures, not confirmation that any territory is currently available.

    Legal & agreement

    Franchisor financial statements

    Fiscal yearMeasureReported value
    2025liabilities and stockholder’s equity payables to brokers, dealers, and clearing organizations$25,683
    2025total stockholder’s equity$33,041
    2025respectively)$42,000
    2025otherMore than one value recorded for this year — open the FDD source before comparing$692
    2025interest expense-$1,123
    2025receivables from brokerage clients, net$104,881
    2025accrued expenses and other liabilitiesMore than one value recorded for this year — open the FDD source before comparing$11,781
    2025bank sweep and other related-party bank fees$481
    2025asset management and administration fees$4,067
    2025taxes on income$1,598
    2025depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$842
    2025total expenses excluding interest$11,036

    These figures describe the franchisor company, not individual franchise locations.

    SBA-backed loans to franchisees

    Loading…

    Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.

    Related research

    Brands in the same broad industry, larger and more-searched systems first. Businesses in one industry are not always directly comparable. This is not a ranking or recommendation.

    Jackson HewittJackson Hewitt Tax ServiceLiberty Tax ServicePACCAR Leasing CompanyAgency OwnerKeystone Insurers Services Group

    Head-to-head comparisons

    Charles Schwab vs Jackson HewittCharles Schwab vs Jackson Hewitt Tax ServiceCharles Schwab vs Liberty Tax ServiceCharles Schwab vs PACCAR Leasing CompanyCharles Schwab vs Agency OwnerCharles Schwab vs Keystone Insurers Services Group
    Compare reviewed facts

    At a glance

    Business history

    Not reviewed

    Owner participation

    Not reviewed

    Territory language

    Litigation disclosure

    Not reviewed

    Bankruptcy disclosure

    Not reviewed

    Agreement term

    Not reviewed

    Reader notes on wording

    Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.

    • Item 19 · PDF p. 95 · 2026 FDD

      Our summary: Table6c 2025 — Median (50th Quartile)

      “Median (50th Quartile) $39.1M $47.9M $45.7M $35.6M $43.8M”

      Note: Table 6c on PDF p.95 assigns this 2025 value to 95 full-year branches, but Item 19 general comments on p.95-96 say one currently operating branch had under 12 months and was excluded. This makes the 2025 population inconsistent.

    • Item 19 · PDF p. 95 · 2026 FDD

      Our summary: Table6c 2025 — # of Branches Above Average

      “# of Branches Above Average 32 32 30 38 38”

      Note: Table 6c on PDF p.95 reports this 2025 value for 95 branches operating the full year, but Item 19 general comments on p.95-96 say one currently operating branch had under 12 months and was excluded from Item 19. The represented 2025 population is internally inconsistent.

    • Item 19 · PDF p. 95 · 2026 FDD

      Our summary: Table6c 2025 — Maximum

      “Maximum $104.2M $320.8M $180.8M $143.7M $189.7M”

      Note: Table 6c on PDF p.95 assigns this 2025 maximum to 95 full-year branches, but Item 19 general comments on p.95-96 say one currently operating branch had under 12 months and was excluded. The represented 2025 population is inconsistent.

    • Item 19 · PDF p. 95 · 2026 FDD

      Our summary: Table6c 2025 — Average

      “Average $40.8M $52.9M $53.1M $38.7M $47.4M”

      Note: Table 6c on PDF p.95 reports a 95-branch full-calendar-year 2025 sample, but Item 19 general comments on p.95-96 say one currently operating branch had under 12 months and was excluded from Item 19. The represented 2025 population is internally inconsistent.

    • Item 19 · PDF p. 95 · 2026 FDD

      Our summary: Table6c 2025 — 75th Quartile

      “75th Quartile $50.1M $60.1M $64.3M $50.0M $56.9M”

      Note: Table 6c on PDF p.95 assigns this 2025 value to 95 full-year branches, but Item 19 general comments on p.95-96 say one currently operating branch had under 12 months and was excluded. This makes the 2025 population inconsistent.

    • Item 19 · PDF p. 95 · 2026 FDD

      Our summary: Table6c 2025 — # of Branches Below Average

      “# of Branches Below Average 41 48 52 53 57”

      Note: Table 6c on PDF p.95 reports this 2025 value for 95 branches operating the full year, but Item 19 general comments on p.95-96 say one currently operating branch had under 12 months and was excluded from Item 19. The represented 2025 population is internally inconsistent.

    • Item 19 · PDF p. 95 · 2026 FDD

      Our summary: Table6c 2025 — # of Branches Included

      “# of Branches Included 73 80 82 91 95”

      Note: Table 6c on PDF p.95 reports a 95-branch full-calendar-year 2025 sample, but Item 19 general comments on p.95-96 say one currently operating branch had under 12 months and was excluded from Item 19. The represented 2025 population is internally inconsistent.

    • Item 19 · PDF p. 95 · 2026 FDD

      Our summary: Table6c 2025 — 25th Quartile

      “25th Quartile $27.0M $34.6M $32.5M $24.3M $33.2M”

      Note: Table 6c on PDF p.95 assigns this 2025 value to 95 full-year branches, but Item 19 general comments on p.95-96 say one currently operating branch had under 12 months and was excluded. This makes the 2025 population inconsistent.

    • Item 21 · PDF p. 281 · 2026 FDD

      Our summary: Amortization of acquired intangible assets — 2023

      “Amortization of acquired intangible assets 511 517 517”

      Note: The statement of income reports 530 for 2023 amortization of acquired intangible assets (PDF p.280), while the cash flow statement reports 517 (PDF p.281); the FDD does not reconcile the difference.

    Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.

    Compare Charles Schwab with…

    VS