Schwab CEO on Why They Keep Fees Low

Charles Schwab President and CEO Rick Wurster stated that the company maintains a client-first philosophy focused on value and scale. In an interview recorded May 1 in New York and aired on Bloomberg Wealth, Wurster discussed what he identified as the biggest challenge facing the company and referenced founder Chuck Schwab's approach to business. According to Wurster, this philosophy prioritizes long-term growth over short-term profits.

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