Charles R. Schwab is an American investor and financial executive, best known as the founder of the brokerage firm Charles Schwab Corporation. He established the company in 1971, aiming to provide affordable investment services to individual investors. Schwab's innovative approach helped democratize investing by offering low-cost trading options. Under his leadership, Charles Schwab Corporation grew into one of the largest brokerage firms in the United States. Schwab has also been a prominent advocate for financial literacy, emphasizing the importance of educating individuals about investing and personal finance. His contributions have significantly impacted the financial services industry.