Charles Schwab & CO.
Unclaimed Property

Charles Schwab & Co. currently holds $51.1 million in unclaimed property across 126,866 separate records in California. This unclaimed money typically comes from dormant brokerage accounts, forgotten investment accounts, uncashed dividend checks, closed trading accounts, or situations where customers moved without updating their address with Schwab.

Charles Schwab & Co. is one of America's largest investment services companies, offering brokerage accounts, investment advisory services, retirement accounts, and banking products. Unclaimed property from Schwab typically includes dormant brokerage accounts, forgotten IRA or 401(k) rollovers, uncashed dividend or interest payments, proceeds from sold securities that were never claimed, and inactive trading accounts.

Common scenarios where Schwab customers lose track of their money include moving without updating their address, forgetting about small investment accounts opened years ago, not claiming proceeds from automatic dividend reinvestment plans, or beneficiaries being unaware of inherited investment accounts. The highest concentrations of unclaimed Schwab property in California are found in Los Angeles, San Francisco, and San Diego, which aligns with the state's major population centers and areas with high concentrations of investment activity.

Schwab, founded in 1971 and headquartered in San Francisco, has grown through several acquisitions including TD Ameritrade in 2020, meaning some unclaimed property may be listed under different subsidiary names that customers might not immediately recognize.

The average claim from Charles Schwab & CO. is $512.