Walt Bettinger became CEO in 2008, growing client assets from $1.14 trillion to $9.74 trillion.
After serving 16 years as CEO, he will step down but remain as Co-Chair of the Board.
Charles Schwab announced today (Tuesday) that CEO Walt
Bettinger will retire at the end of December 2024. Bettinger, who has led the
company since 2008, will step down from his role but will remain as co-chair of
the board.
Bettinger Steps Down, Wurster Leads
Charles Schwab’s President, Rick Wurster, will take over as
CEO on January 1, 2025. Bettinger cited his upcoming 65th birthday as a reason
for stepping aside. In a statement, he expressed confidence in Wurster’s
leadership and mentioned their long-term collaboration over the past eight
years.
“The Schwab Board’s thoughtful and disciplined approach to
succession planning helps make this transition smooth. Rick Wurster and I have
worked together on a daily basis for more than eight years.
I have complete
confidence in his leadership, and I am thrilled that the Schwab Board of
Directors has selected him as my successor,” the statement said.
Client Assets Soar under Leadership
Bettinger became CEO during the 2008 financial crisis. Under
his leadership, Charles Schwab’s client assets grew from $1.14 trillion to
$9.74 trillion.
The number of client brokerage accounts also increased from
fewer than 10 million to more than 43 million. A significant part of this
expansion came from Schwab’s acquisition of TD Ameritrade in 2020.
Bettinger’s tenure at Schwab spans nearly 30 years. He began
as a director on the company’s board in 2008, later taking on roles such as
co-chair of the board and CEO. Before joining Schwab, Bettinger was the founder
and CEO of Hampton Pension Services, Inc., where he worked for 12 years.
Schwab Integrates Forex Trading
Meanwhile, Charles
Schwab has integrated futures and forex trading into its thinkorswim
platform, marking the introduction of forex trading within its ecosystem, as
reported by Finance Magnates.
This expansion aims to enhance derivatives trading by offering a variety of
investment opportunities and risk management tools.
Futures trading, previously available only through
StreetSmart platforms, allows traders to speculate on price movements of
commodities or indices. With over 65 tradable currency pairs on thinkorswim,
traders can now hedge against currency risks and capitalize on market
opportunities around the clock.
Charles Schwab announced today (Tuesday) that CEO Walt
Bettinger will retire at the end of December 2024. Bettinger, who has led the
company since 2008, will step down from his role but will remain as co-chair of
the board.
Bettinger Steps Down, Wurster Leads
Charles Schwab’s President, Rick Wurster, will take over as
CEO on January 1, 2025. Bettinger cited his upcoming 65th birthday as a reason
for stepping aside. In a statement, he expressed confidence in Wurster’s
leadership and mentioned their long-term collaboration over the past eight
years.
“The Schwab Board’s thoughtful and disciplined approach to
succession planning helps make this transition smooth. Rick Wurster and I have
worked together on a daily basis for more than eight years.
I have complete
confidence in his leadership, and I am thrilled that the Schwab Board of
Directors has selected him as my successor,” the statement said.
Client Assets Soar under Leadership
Bettinger became CEO during the 2008 financial crisis. Under
his leadership, Charles Schwab’s client assets grew from $1.14 trillion to
$9.74 trillion.
The number of client brokerage accounts also increased from
fewer than 10 million to more than 43 million. A significant part of this
expansion came from Schwab’s acquisition of TD Ameritrade in 2020.
Bettinger’s tenure at Schwab spans nearly 30 years. He began
as a director on the company’s board in 2008, later taking on roles such as
co-chair of the board and CEO. Before joining Schwab, Bettinger was the founder
and CEO of Hampton Pension Services, Inc., where he worked for 12 years.
Schwab Integrates Forex Trading
Meanwhile, Charles
Schwab has integrated futures and forex trading into its thinkorswim
platform, marking the introduction of forex trading within its ecosystem, as
reported by Finance Magnates.
This expansion aims to enhance derivatives trading by offering a variety of
investment opportunities and risk management tools.
Futures trading, previously available only through
StreetSmart platforms, allows traders to speculate on price movements of
commodities or indices. With over 65 tradable currency pairs on thinkorswim,
traders can now hedge against currency risks and capitalize on market
opportunities around the clock.
Tickmill and Trading Pit's Former CMO Themis Christou Co-Founds Marketing Agency
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Relive the best moments from the Finance Magnates Pacific Summit 2024 with our highlights video! ✨
From action-packed moments, insightful speaker sessions, the exclusive Opening Blitz, and immersive workshops, this video captures the energy and excitement of FMPS:24. Whether you attended or missed out, here’s your chance to experience the top moments that made FMPS:24 unforgettable.
🎬 Watch, share, and join the conversation!
Don’t forget to use the hashtags #fmps #fmps24 #FMevents when sharing.
Stay tuned for more events. See you next time!
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Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
Relive the best moments from the Finance Magnates Pacific Summit 2024 with our highlights video! ✨
From action-packed moments, insightful speaker sessions, the exclusive Opening Blitz, and immersive workshops, this video captures the energy and excitement of FMPS:24. Whether you attended or missed out, here’s your chance to experience the top moments that made FMPS:24 unforgettable.
🎬 Watch, share, and join the conversation!
Don’t forget to use the hashtags #fmps #fmps24 #FMevents when sharing.
Stay tuned for more events. See you next time!
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
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