Reuters Next: Charles Schwab CEO says will eye more M&A deals

Charles Schwab

03/12/2025 17:17

By Saeed Azhar and Lananh Nguyen

NEW YORK, Dec 3 (Reuters) - Charles Schwab SCHW.N CEO Rick Wurster said on Wednesday the firm will look for more acquisitions and is confident it can integrate companies well.

"M&A will be something we're going to keep our eyes out for," he said in an interview at the Reuters NEXT conference in New York.

"If we can add a capability that appeals to our clients, it's going to add enormous value to the company with the size of our asset base and client base."

When asked about acquisitions in crypto companies, Wurster said "if the right opportunity presented itself at the right price, we would certainly consider that."

Schwab last month announced it will buy private shares platform Forge Global for $660 million to capitalize on fast-growing demand from investors for access to pre-IPO companies, it announced last month.

The brokerage aims to offer spot crypto trading in the first half of 2026, Wurster said, adding it will test the products with employees and then a small group of clients before opening it to all investors.

(Reporting by Saeed Azhar and Lananh Nguyen)

((Saeed.Azhar@thomsonreuters.com; +1 347 908-6341; Reuters Messaging: saeed.azhar.reuters.com@reuters.net/))