Schwab's Shift: The End of Gamble and Get Rich Quick in Finance? Charles Schwab is redefining its role in a rapidly changing industry under new CEO Rick Wurster.
The investment giant is pivoting away from the transaction based business model that has dominated fintech, instead focusing on what it claims to be good at: helping people build wealth.
This shift is not just a response to market trends, but also a recognition of the industry's obsession with transactions and "engagement.