In 2018 on average, Schwab gathered $624 million of new customer assets per day—more than its three biggest Wall Street rivals combined according to @wsj. Half of Schwab’s customer assets are managed by independent advisory firms that use Schwab as custodian. $SCHW $MS $BAC $UBS pic.twitter.com/Y3RAIbhnQ9
— Parker Evans, CFA, CFP (@HParkerEvans) July 22, 2019
Schwab Dominates Wall Street in Customer Accounts and Assets
About the Author: Parker Evans, CFA, CFP, CMT
Parker Evans, CFA, CFP, CMT is President of Successful Portfolios LLC, an SEC Registered Investment Advisor Firm based in Clearwater, FL. Parker helps individuals, families, and organizations plan and manage custom investment portfolios at leading brokerages including Charles Schwab, TD Ameritrade, and Interactive Brokers.