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Charles Schwab

Founder & Co-Chairman, Charles Schwab Corporation

Search every verified Charles Schwab interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Charles Schwab, founder and co-chairman of the Charles Schwab Corporation, discussed his approach to the financial services industry in a pair of podcast appearances. He stated that he has long believed traditional firms prioritized their own profits from products, whereas he sought to determine what would be best for customers first. Schwab also said that his firm reduced trading prices over the last two decades until it made trading free, citing growing efficiency in trade execution as a reason. Schwab expressed views on market fluctuations and investment products. He said that people should not expect investing to always have positive days, as markets naturally fluctuate, and he suggested that investors should view market downturns as opportunities to buy into retirement accounts at lower prices. Schwab stated that he believes the age of the managed mutual fund is ending, as index funds have grown in prominence and are difficult to compete with due to their lower costs. He also described annuities as expensive and potentially locking in customers, and he noted that his firm does work in financial literacy, arguing that schools do not provide enough education about financial decision-making.

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