Schwab Dominates Wall Street in Customer Accounts and Assets

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