Charles Schwab Corp. is planning to roll out an alternative investments platform in phases for individual investors this year.
The platform will offer investors access to private equity, venture capital, private credit and long-short exchange funds to start, with one or two offerings in each of those categories, executives said at the Westlake, Texas-based firm’s institutional investor day.
The Wall Street Journal reported the announcement earlier.
The new platform would be available for qualified, self-directed investors with more than $5 million in assets, the executives said.
Just recently, the company completed the integration of former rival TD Ameritrade Holding Corp., with all traders now operating on Schwab’s platform as of this month. Shares of the firm are up 9.4% for the year at the close of trading in New York.
Schwab made public earlier this month that Chief Financial Officer Peter Crawford will be retiring, with former Citigroup Inc. treasurer Mike Verdeschi taking the role, among a number of other management shifts.
Markets digest latest words on trade war, Fed chair’s position.
More advisors are using subscription models for financial planning services.
From Powell to China, president eases back rhetoric.
And profit guidance is set to weaken further in coming quarters.
Gold trades above $3,330 amid mixed tariff signals.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
