SCHW
💰 Charles Schwab is seen as a protection against rising interest rates due to its business model.
📈 The company focuses on providing value to consumers through low commissions and adjacent services.
🏦 With 10 million accounts averaging $300,000, Charles Schwab still has room to grow in the U.S. investment market.
@emeritoquintana:
“Charles Schwab is new to the portfolio. Charles Schwab was a broker that is now everything. Now it is a broker, it is management, it is an asset manager, it is a bank, it is everything, and it has a history of several decades doing exactly this, focusing on the consumer, giving more and more value, giving adjacent services, all the economies of scale giving them back in the form of lower prices, generating self-destruction in itself, and increasing its business model, but not from their point of view, but from the point of view of the client. The client wants to have low commissions to operate, and the client wants asset management and wants funds, and the client now also wants indexed management, and the client wants banking services, and with this idea they have been growing. Right now, in the asset management part, they have 10 million accounts with $300,000 on average in each one. Americans are richer than us without a doubt, and that is 35 trillion dollars, which seems like a lot, but it is 10% of the investment pie of investable assets in the US, so it still has room to grow.”
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