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Schwab hits $1.2 trillion in managed funds and projects $2 trillion in about five years by 'distributing' Schwab funds to Schwab investors -- but will it squeeze out third-party asset managers?

The $9.2 trillion, Westlake, Texas, giant told Bloomberg that it'll grow its $1.2 trillion base as much as 20% over the next five to seven years -- countering the wirehouse trend of establishing distance between distribution and investment management channels.

Author Brooke Southall June 14, 2024 at 11:32 PM
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Omar Aguilar [Schwab photo]: 'We have the luxury to have amazing distribution capabilities within our main company.'
Keith Girard contributed to the editing of this article.

The Charles Schwab Corp.


Omar Aguilar

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