06:41 AM EDT, 09/17/2025 (MT Newswires) -- Charles Schwab ( SCHW ) said Wednesday it is opening 16 new branches and expanding or relocating 25 others as part of a strategy to increase capacity and optimize its real estate.

The firm plans to add more than 400 branch-related roles, including financial consultants and wealth consultants serving high-net-worth and ultra-high-net-worth clients. Schwab said it has already hired 2,300 employees in H1 across its US corporate locations.

New branches include five in Florida, with one of the branches in the state to be relocated. In California, the firm will open three new branches and expand or relocate six existing locations. In Texas, Schwab will open two new locations in the greater Austin area and relocate one in downtown Austin.