When Walt Bettinger’s 3 a.m. alarm sounds, among the first things the Charles Schwab Corp. chief executive does is check how much net new money his company has pulled in over the past 24 hours. Last year, that was an average of $624 million a day—more than its three biggest Wall Street rivals combined.
Schwab was known mostly as a discount broker for amateurs when he took the helm in 2008 from founder Charles R. “Chuck” Schwab. Now it resembles something more like a personal-finance supermarket, offering services for the...
If it ain't another J.P Morgan. I don't think 'cheaper' have anything to do w/ this. Must be the services & products.
$624 million dollars a day! This is a staggering amount.
RT : Schwab last year pulled in an average of $624 million in net new money a ...
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