AI Tax Tool Triggers Wealth Management Stock Selloff
Wealth management stocks plunge 6–11% as Altruist’s AI tax strategy tool sparks fears of automation disrupting traditional financial advisory services and driving fee compression.
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Schwab Acquires Forge Global for $660M to Democratize Private Markets
Charles Schwab is acquiring Forge Global for $660 million to make investing in private companies easier and more accessible. This deal aims to bring private market opportunities to more eligible investors.
Charles Schwab Crushes Q3 Earnings on Retail Investment Boom
Charles Schwab reports record Q3 earnings beating expectations with $134.4B in new assets and 30% trading growth driven by surging retail investor activity.