Is Schwab buying USAA?

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The Charles Schwab & Co. is buying USAA’s Investment Management Company for $1.8 billion — a price inflated by a key kicker USAA added to the transaction: Schwab gets a marketing key to the henhouse of 13 million members. Aug 8, 2020

Is USAA only for military?

USAA Insurance is one of the most popular and highly rated insurance companies in the United States, but USAA eligibility is only available to military members and their families. Sep 9, 2021

Do grandchildren qualify for USAA?

Grandchildren are eligible for USAA membership, but only if their parents (the son/daughter of the grandparent who served in the military/met the eligibility requirements from above) established a membership with USAA.