Wealth management remains the last bastion of success for Charles Schwab. Long-term cash, mutual fund, and retirement accounts create an enormous balance sheet, which accures value and reduces fees across the board. I'm hard pressed to see however how 
HOOD will not inherit that class of customers as baby boomers pass on their generational wealth to the millenial generation. Do we begin to see a transition of assets from megacaps like 
SCHW in the next 24 - 36 months? I'd say most likely.
HOOD will not inherit that class of customers as baby boomers pass on their generational wealth to the millenial generation. Do we begin to see a transition of assets from megacaps like SCHW in the next 24 - 36 months? I'd say most likely. 
Pierce Crosby
GM, Americas @ TradingView
GM, Americas @ TradingView
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Pierce Crosby
GM, Americas @ TradingView
GM, Americas @ TradingView
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.