Charles Schwab Is Back on Offense

Reprodução do artigo na Barron's.

A few years ago, Charles Schwab weathered a storm over its sweep accounts and came through the other side. Its stock now looks like a buy as the company leans into its traditional strengths and adds new ones.

Both were on full display in early November, when Schwab CEO Rick Wurster hosted thousands of independent financial advisors, who collectively keep trillions of dollars in assets at Schwab, at a multiday conference in Denver. In the middle of the conference, Schwab announced it was acquiring Forge Global Holdings, which links investors and private companies. If independent advisors—and the retail investors they serve—are cornerstones of Schwab’s business, the Forge Global acquisition is a sign of how Wurster wants to build on that foundation. “We want to democratize private investing just as we did public investing,” he says.

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