Charles Schwab Franchise Disclosure Documents (FDD)
The Charles Schwab Franchise Disclosure Document is the most comprehensive record of how the company operates — financial statements, fee schedules, litigation history, and system-wide unit counts, disclosed under federal mandate. 11 filings covering 2016–2026 are available here as complete PDFs.
A Franchise Disclosure Document (FDD) is the disclosure the Federal Trade Commission's Franchise Rule requires Charles Schwab to provide to any prospective franchisee before a sale. Its 23 numbered Items set out the company's history and leadership, initial fees and estimated investment, ongoing obligations, territory terms, any financial performance representation, outlet counts, and audited financial statements, and the document is refiled each year.
Available Documents
Charles Schwab 2026 Franchise Disclosure Document (FDD)
Issued April 2026 · 358-page PDF
- Initial investment (Item 7):
- $103,605 – $221,705 (p. 43)
Charles Schwab 2025 Franchise Disclosure Document (FDD)
Issued April 2025 · 360-page PDF
- Initial investment (Item 7):
- $78,500 – $222,225 (p. 42)
Charles Schwab 2024 Franchise Disclosure Document (FDD)
Issued March 2024 · 363-page PDF
- Initial investment (Item 7):
- $65,520 – $191,430 (p. 48)
Charles Schwab 2023 Franchise Disclosure Document (FDD)
Issued March 2023 · 363-page PDF
- Initial investment (Item 7):
- $64,510 – $177,000 (p. 48)
Charles Schwab 2022 Franchise Disclosure Document (FDD)
Issued March 2022 · 360-page PDF
- Initial investment (Item 7):
- $73,510 – $179,700 (p. 45)
Charles Schwab 2021 Franchise Disclosure Document (FDD)
Issued March 2021 · 330-page PDF
Charles Schwab 2020 Franchise Disclosure Document (FDD)
Issued March 2020 · 322-page PDF
Charles Schwab 2019 Franchise Disclosure Document (FDD)
Issued March 2019 · 325-page PDF
Charles Schwab 2018 Franchise Disclosure Document (FDD)
Issued March 2018 · 325-page PDF
Additional Editions
Charles Schwab
2017 Franchise Disclosure Document (FDD)
Issued March 2017 · Downloadable PDF
Charles Schwab
2016 Franchise Disclosure Document (FDD)
Issued March 2016 · Downloadable PDF
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