Executive Summary
Charles Schwab delivered a transformational 2025 with record earnings of $4.87 per share, up 50% year-over-year, driven by a strategic pivot toward wealth management and lending that is fundamentally reshaping the company's revenue profile. The firm attracted $519 billion in core net new assets, a 42% increase, while managed investing net flows surged 36% to nearly $70 billion. This wealth management acceleration represents a structural shift: only 5% of retail households currently use managed i...
Key Investment Opportunity
Wealth Management Penetration Acceleration
Schwab's managed investing solutions represent a structural growth opportunity with 6x penetration upside, supported by highest Client Promoter Scores and 2x return on client assets versus retail
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