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Who Is USAA Owned by? (2024)

Related Topics: USAA, Charles Schwab

USAA is owned by its members, who are primarily current and former members of the U.S. armed forces as well as family members of those who served. USAA is headquartered in San Antonio and has been a privately-owned financial institution since its founding in 1922.

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That said, USAA did sell its investment management business to Charles Schwab & Co.