Schwab Seeks to Win Retail Investors by Expanding Branch Network
Key Takeaways Charles Schwab will open 16 branches and relocate or expand 25 existing ones.The firm added 2.3M new accounts and $218B in net assets in the first half of the year.Schwab is hiring more than 400 consultants to serve high-net-worth and ultra-high-net-worth clients.Charles Schwab (SCHW) is doubling down on its physical presence at a time when the majority of the wealth management industry is focusing more on digital-first solutions. The Westlake, TX-based brokerage giant has announced plans to o ...