Name: Why Charles Schwab Wants to Create Safe Access to Private Markets
Uploaded: 2025-12-19T18:05:00Z
Duration: 2 min 26 s
Description: Rick Wurster, Charles Schwab CEO, discusses how the upcoming Forge acquisition will help democratize alternative investments.

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Rick Wurster, Charles Schwab CEO, discusses how the upcoming Forge acquisition will help democratize alternative investments.

https://m.wsj.net/video/20251219/8faef895-18c1-4777-89db-754b17a2aa84/1/hls/manifest-hd-wifi.m3u8

Why Charles Schwab Wants to Create Safe Access to Private Markets

Mentioned alts and you guys just bought Forge. Explain to us what Forge does and why you bought that company.

Well, we're trying to democratize access to private investing. Private investing, we think in someone's asset allocation, is something that can add diversification, potentially enhance returns, but it's not something that the retail investor has had a lot of access to unless you're among the most wealthy in our country. And what we've done through the launch of our retail alts platform and with the acquisition of Forge is we're gonna be able to bring alts to everyone in our country so that they can access the diversification and the enhanced returns of alt. So we're thrilled about the acquisition and can't wait for them to become a part of our company when the deal closes.

And how do you ensure that retail investors are doing it and not gonna get burned because there are concerns about that, right?

Great question. We put a lot of thought and energy into making sure that retail clients participate in alternatives in the right way. And so we've stood up a team of alternative investment consultants that are experts in alternatives that our clients have to meet with before they make the decision to invest in alternatives. We're also trying to create multiple ways to access alternatives at different fee points and different ways of going about it just like exists on the public side. So in privates, after the Forge acquisition, if you want to get into alternatives and you wanna work with a professional manager, you'll have access on our platform to some of the biggest private equity, venture capital, private credit funds and firms. So someone can manage it for you. If you want to take a passive approach like you might to public markets, we will be able to offer a vehicle that will allow you to passively invest in private, the biggest private securities out there, Anthropic, Open AI, SpaceX. And then finally, if you want to buy or participate in the individual companies, cuz you have a particular passion about SpaceX or Anthropic or one of these big companies, you can do it via this platform that we're launching. So we're trying to democratize access to alternatives, provide the expertise and the different ways of investing so that the retail investor can get invested and do it in the way that is suitable for their investment needs.