The Charles Schwab Corporation has been named as one of Fortune magazine’s top 50 World's Most Admired Companies for the third consecutive year, finishing in the 37th spot. In the annual survey, which ranks some of the world’s largest companies based on a number of attributes related to corporate reputation and financial performance, Schwab also earned the top spot in the innovation, use of corporate assets and quality of management categories in the Securities and Asset Management section of the list, where it finished No. 2 overall. See more details on Schwab’s Fortune ranking here.
"We are honored to be named once again to Fortune's listing of the Most Admired Companies in the world," said Schwab President and CEO Walt Bettinger. "Our inclusion is a direct reflection of our employees' unwavering focus on operating Schwab 'Through Clients’ Eyes' and the trust our clients place in us every day as a result of that strategy. Since our founding, we have demonstrated that the surest way to earn the trust and admiration of those we serve is to focus relentlessly on eliminating trade-offs through a combination of low costs, great service and technology, breaking down the barriers to success for investors and the advisors who serve them."
Schwab’s focus on creating a diverse, respectful workforce and a culture of service has also consistently resulted in the company’s recognition as a top place to work in major markets that Schwab serves. The company also has been named a "Best for Vets Employer" and has a received a 100 percent rating on the Human Rights Campaign Corporate Equality Index since 2004.
Learn more about Schwab’s recognition as an employer of choice here.
Fortune collaborated with their partner Korn Ferry on this survey of corporate reputation. They began with a universe of about 1,500 candidates: the 1,000 largest U.S. companies by revenue, along with non-U.S. companies in Fortune’s Global 500 database that have revenues of $10 billion or more. They winnowed the assortment to the highest-revenue companies in each industry, a total of 680 in 30 countries. The top-rated companies were picked from that pool; the executives who voted work at the companies in that group.
To determine the best-regarded companies in 52 industries, Korn Ferry asked executives, directors, and analysts to rate enterprises in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent. (For the complete rankings, visit Fortune.com.)
Results were not published in the following categories owing to insufficient response rates: cable and satellite providers, petroleum refining, pipelines, and U.S. energy.
To select the 50 All-Stars, Korn Ferry asked 3,770 executives, directors, and securities analysts who had responded to the industry surveys to select the 10 companies they admired most. They chose from a list made up of companies that ranked in the top 25% in last year’s surveys, plus those that finished in the top 20% of their industry. Anyone could vote for any company in any industry.
The difference in the voting rolls explains why some results can seem at odds with each other. For example, UnitedHealth Group fell off the All-Stars list this year but ranked No. 1 within the insurance and managed care category when votes from only those in that industry were counted.
About Charles Schwab
At Charles Schwab we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients’ goals with passion and integrity.
About The Charles Schwab Corporation
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 360 offices and 12.3 million active brokerage accounts, 1.7 million corporate retirement plan participants, 1.4 million banking accounts, and $4.04 trillion in client assets as of December 31, 2019. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, https://www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent, fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at https://www.schwab.com and https://www.aboutschwab.com.
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