Charles Schwab Expands Offerings as Founder's Trust Sells $6.58 Million in SCHW Shares
A trust linked to Charles Schwab co-chairman Charles R. Schwab sold 70,750 shares for $6.58 million. Meanwhile, the brokerage has made wealth advice a central growth priority and broadened its cryptocurrency trading platform.
A trust tied to Charles R. Schwab, co-chairman of The Charles Schwab Corporation, offloaded 70,750 common shares on Monday, November 9, 2026, according to a regulatory filing. The shares were sold in open-market transactions at prices ranging from 92.835 US dollars to 93.135 US dollars, producing a weighted-average price of 93.0074 US dollars and gross proceeds of 6.58 million US dollars. The filing also disclosed a separate bona fide gift transfer of 31,850 shares on Tuesday, November 10. Following both entries, the trust retained 53,232,016 common shares.
The transaction surfaces as the company sharpens its operational focus on paid guidance. According to a report by WealthManagement.com, Schwab has designated wealth advice as a primary area for spending and expansion. The strategic pivot aims to convert self-directed investors into deeper fee-generating relationships, complementing the trading commissions and interest income generated from client cash.
In addition to expanding wealth advice, the financial services firm announced on Monday, November 9, that Schwab Crypto clients can now buy and sell Solana, Avalanche, and Chainlink against the dollar. The additions expand its digital asset lineup alongside bitcoin and ether to five tokens. The service is available through Schwab.com, the mobile application, and thinkorswim, charging 75 basis points per trade for eligible retail users across most U.S. states.
Client participation metrics have shown upward momentum. Schwab's Trading Activity Index rose to 61.94 in October from 58.92 in September, indicating climbing retail engagement. Earlier, the brokerage reported quarterly earnings per share of $1.69 on revenue of $7.17 billion, reflecting a 16.9% revenue increase year over year. The company will also pay an annualized dividend of $1.28 per share, with an ex-dividend date set for Friday, November 13th.
Wall Street sentiment remains largely constructive. According to MarketBeat, the stock holds a consensus Moderate Buy rating from 24 firms, supported by 18 buy, five hold, and one sell recommendations, with an average 12-month target price of $119.91.