Charles Schwab CEO Rick Wurster on the state of investing: We're winning with the young investors

• Charles Schwab has seen significant growth in new accounts and stock performance since Rick Wurster became CEO, outperforming the S&P 500.
• The firm is successfully attracting younger investors (Gen Z) by offering research, education, coaching, and a robust platform, leveraging social media for engagement.
• Wurster criticizes platforms that conflate investing with gambling, emphasizing Schwab's mission to help clients build wealth responsibly over the long term, not engage in speculative betting.
• He praises the SEC's recent actions against market manipulation and pump-and-dump schemes, indicating a positive shift in regulatory enforcement.

Charles Schwab CEO Rick Wurster discusses the firm's strong growth, particularly among young investors, attributing it to comprehensive services and financial education. He differentiates Schwab's approach from platforms that conflate investing with gambling, advocating for responsible long-term wealth building and praising the SEC's recent regulatory actions.