Charles Schwab Review: The Post-Merger Powerhouse
The TD Ameritrade acquisition is done. The thinkorswim migration is complete. And Charles Schwab is now, without much debate, the largest publicly traded brokerage in the United States with over $10 trillion in client assets. But does biggest mean best? I've spent considerable time testing the merged platform, and here's my honest take: Schwab has pulled off something that most Wall Street mergers fail to deliver — genuine improvement. The combination of Schwab's institutional reliability with Ameritrade's superior trading tools has created a brokerage that's genuinely hard to beat for the vast majority of investors. With SCHW stock trading at $93.46 and the company posting accelerating quarterly revenue through 2025 (culminating in $7.17 billion in Q4 alone), the market clearly agrees that this merger worked. Let's break down what matters.