Charles Schwab is enhancing its private market capabilities as it plans to offer retail investors the opportunity to invest in private companies such as Stripe and OpenAI, according to Bloomberg.
Charles Schwab CEO Rick Wurster cited the surge of private companies among less public companies, and how it is crucial to provide retail investors with this exposure.
This move comes after efforts to increase access to alternative markets, including an alternative investment platform designed for retail clients with more than $5 million in household assets to have access to private equity, hedge funds, private credit and real estate.
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