Chuck Schwab on Wealth Management

Chuck Schwab on Wealth Management


When I started the company 40 years ago, I
was providing transactional services on a discounted basis to the most sophisticated
people at that time. Today, we’re providing a very sophisticated
solution to a much bigger set of people. In any aspect of your life, it feels good
to be informed. You feel on top of things. You feel confident. But you begin by starting
and asking questions. To me, managing wealth is one of the most
crucial things you can do in your life. We here at Schwab like to believe, and we
think we are the kind of firm that people can trust. And we try to stand by that standard of being
as completely as transparent as possible, and if we don’t have the information
we will get it for you. And that’s a standard we try to meet every day. When I think about cost, cost really does
matter. Simply put, the more you pay in fees, the
less you’ll have to invest, the less you will have in return. And so if you’re interested
in long-term results, you’ve got to think about costs. When I think of accountability, I go back
in my early times in my life and it’s about responsibility. We are responsible for our service to you. We have financial consultants all over the
country in branches, and in various offices that are there to help our
clients face-to-face. So, today, I think we are well positioned
to help people with their wealth management.

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