Charles Schwab is one of the most recognizable names in U.S. stock trading. With £10.28 trillion in client assets and 36.9 million brokerage accounts, it also provides wealth management services through more than 15,000 financial advisors.
Fifty years ago, Schwab upended equity markets by cutting brokerage commissions, paving the way for retail investors to become a major force in stocks. On the anniversary of May Day, CEO Rick Wurster will discuss how he has steered the company through market turbulence since taking the helm in January. Reuters U.S. Finance Editor Lananh Nguyen talks with Wurster about the economic outlook, the proliferation of retail trading and Schwab’s growth plans in Texas, exchange-traded funds and cryptocurrencies.
