Charles Schwab (SCHW) Is Opening Private Markets To Retail Investors

Charles Schwab (NYSE:SCHW) agreed to acquire private markets platform Forge Global to expand access to pre-IPO and private company shares. The brokerage plans to route Forge Global's private equity and venture-backed offerings into Schwab accounts for both retail and institutional clients. Schwab is rolling out Anthropic's Claude for Financial Advisors, becoming the first RIA custodian to integrate this AI assistant into advisor workflows. The Forge Global acquisition and Claude rollout are...