Rick Wurster is the President & CEO of The Charles Schwab Corporation, America’s largest publicly traded brokerage firm. Wurster assumed the dual role of President and CEO on January 1, 2025, succeeding Walt Bettinger who retired after 16 years of transformative leadership. A former McKinsey consultant and Wellington Management executive, Wurster joined Schwab in 2016 and rose to President in 2021. Under his first year as CEO, Schwab reported record revenue of $23.9 billion and record net income of $8.9 billion, with client assets reaching an all-time high of $11.90 trillion.
Read on to discover Charles Schwab CEO email address, Rick Wurster net worth in 2026, salary and compensation, career history, wife & family, and more.
Rick Wurster – Quick Facts
| Rick Wurster — Key Information | |
|---|---|
| Full Name | Richard “Rick” A. Wurster |
| Age | 52 years old (born ~1973) |
| Position | President & CEO, The Charles Schwab Corporation |
| Tenure | January 1, 2025 – present |
| Education | B.S. Economics (magna cum laude), Villanova; MBA, Tuck School at Dartmouth; CFA & CMT |
| Estimated Net Worth | ~$16 Million (2026 est.) |
| Annual Compensation | ~$17.0M (2025 target) |
| [email protected] | |
| Headquarters | Westlake, TX 76262 |
| Predecessor | Walt Bettinger (CEO 2008–2024) |
Career Highlights
- Led Schwab to record results in first year as CEO – Full year 2025 revenue of $23.9 billion (+22% YoY) and net income of $8.9 billion
- Client assets reached $11.90 trillion – A new record, with $519 billion in core net new assets gathered in 2025
- Named President in 2021 – Oversaw investor services, advisor services, digital platforms, banking, and technology for 32,600+ employees
- Former McKinsey consultant – Leader of the asset management practice, reaching Associate Principal
- Wellington Management executive – Over a decade of investment management experience
- Dual CFA & CMT designations – A rare combination reflecting deep technical expertise in both financial analysis and market technicals
Rick Wurster Career Timeline
| Period | Role | Company |
|---|---|---|
| Education | B.S. Economics (magna cum laude) | Villanova University |
| Education | MBA | Tuck School of Business, Dartmouth |
| Early Career | Associate Principal, Asset Management Practice Leader | McKinsey & Company |
| ~2005–2016 | Executive / Investment Management | Wellington Management Company |
| 2016 | Various executive roles | Charles Schwab |
| Oct 2021 | President | Charles Schwab |
| Jan 2025 – Present | President & CEO, Board Member | The Charles Schwab Corporation |
Rick Wurster Net Worth 2026 – Charles Schwab CEO Salary
As of 2026, Rick Wurster’s estimated net worth is approximately $16 million, primarily derived from his Charles Schwab stock holdings. According to SEC filings, Wurster holds approximately 161,523 shares of SCHW stock. His predecessor Walt Bettinger earned approximately $17–20 million annually in total compensation during his final years as CEO.
In connection with his appointment as CEO effective January 1, 2025, Wurster’s compensation was set as follows: a base salary of $1,250,000, a target annual cash incentive of 325% of base salary ($4,062,500), and a target long-term incentive award of $12,687,500. His 2024 compensation as President totaled approximately $11.2 million.
Charles Schwab CEO Compensation Breakdown (2025 Target)
| Component | Amount (USD) | Share |
|---|---|---|
| Base Salary | $1,250,000 | 7.4% |
| Target Annual Bonus (325% of base) | $4,062,500 | 23.9% |
| Target Long-Term Incentives (Equity) | $12,687,500 | 68.7% |
| Total Target Compensation | $18,000,000 | 100% |
Key Insight: Over 92.6% of Rick Wurster’s CEO compensation is performance-based (bonus + equity), with only 7.4% from base salary — aligning his pay with shareholder interests and company performance.
Charles Schwab Financial Summary
Under Rick Wurster’s first year as CEO, Charles Schwab delivered record financial results across all major metrics. The company is America’s largest publicly traded brokerage firm and a leader in wealth management.
| Metric | FY2025 | FY2024 | YoY Change |
|---|---|---|---|
| Total Net Revenue | $23.9B | $19.6B | ▲ +22.0% |
| Net Income | $8.9B | $5.8B | ▲ +53.4% |
| Q4 EPS | $1.33 | $0.96 | ▲ +38.5% |
| Client Assets | $11.90T | $9.74T | ▲ +22.2% |
| Core Net New Assets | $519.4B | $366B | ▲ +42.0% |
| Total Client Accounts | 46.5M | 43.2M | ▲ +7.6% |
| Margin Loan Balances | $112.3B | $83.8B | ▲ +34.0% |
Record Year: Charles Schwab achieved record revenue, record earnings, and record client assets in 2025. New brokerage account openings exceeded 1 million for five consecutive quarters, and total client assets reached an all-time high of $11.90 trillion.
Rick Wurster Education & Early Life
Rick Wurster was born circa 1973 in Acton, Massachusetts. He earned his Bachelor of Science in Economics magna cum laude from Villanova University, where he also served as captain of the golf team. His competitive golf career at Villanova instilled the disciplined, strategic mindset that has characterized his professional life — and it was through golf that he later bonded with Charles Schwab founder Chuck Schwab.
Wurster then earned his MBA from the Tuck School of Business at Dartmouth College, where he met his future wife, Jill. He holds both the CFA (Chartered Financial Analyst) and CMT (Chartered Market Technician) designations — a rare dual certification that reflects deep expertise in both fundamental analysis and market technicals.
Rick Wurster Personal Life – Wife & Family
Rick Wurster is married to Jill Wurster, whom he met while pursuing his MBA at Tuck School of Business at Dartmouth College. He has described meeting Jill as “the best part of business school.” The couple has at least two children — a daughter who attended Villanova University and completed an internship with PwC, and a son who attended the University of Maryland.
The family moved to the San Francisco Bay Area to access specialized care for their second daughter, who was born with disabilities. This move also led Wurster to his career at Charles Schwab. Despite his high-profile role, the Wurster family maintains a relatively private life.
Wurster is an avid golfer, a passion that dates back to his college days as captain of the Villanova golf team. His love for the sport helped him build a personal connection with company founder Chuck Schwab, who is also a dedicated golfer.
How to Contact Rick Wurster – Charles Schwab CEO Email
Below are the official contact details for Charles Schwab CEO Rick Wurster:
| Contact Information | |
|---|---|
| Email Address | [email protected] |
| Rick Wurster – President & CEO at Charles Schwab | |
| Corporate HQ | 3000 Schwab Way, Westlake, TX 76262 |
| Phone | 817-859-5000 (corporate) / 800-435-4000 (client services) |
| Investor Relations | aboutschwab.com/investors |
About Charles Schwab
The Charles Schwab Corporation is an American multinational financial services company headquartered in Westlake, Texas. Founded in 1971 by Charles R. “Chuck” Schwab, the company pioneered discount brokerage and transformed the investing landscape. Schwab’s move to $0 commissions in 2019 and the $26 billion TD Ameritrade acquisition in 2020 reshaped the entire brokerage industry.
Today, Charles Schwab serves 46.5 million client accounts with $11.90 trillion in assets. The company trades on the New York Stock Exchange under the ticker symbol SCHW and is a component of the S&P 500 index.
Charles Schwab Key Competitors
- Fidelity Investments – Largest U.S. brokerage by client assets (private)
- Vanguard Group – Leading low-cost investment management
- Morgan Stanley (E*Trade) – Full-service wealth management
- Interactive Brokers – Active trader-focused brokerage
- Goldman Sachs – Premium wealth management
- JPMorgan Chase – Banking and brokerage services
Frequently Asked Questions (FAQ)
Who is the CEO of Charles Schwab?
Rick Wurster became President and CEO of The Charles Schwab Corporation on January 1, 2025, succeeding Walt Bettinger who retired after 16 years leading the company.
What is Rick Wurster’s net worth in 2026?
Rick Wurster’s net worth is estimated at approximately $16 million, primarily based on his disclosed holdings of approximately 161,523 shares of Charles Schwab (SCHW) stock.
What is the Charles Schwab CEO’s salary?
Rick Wurster’s 2025 target total compensation is approximately $18 million, consisting of a $1.25 million base salary, $4.06 million target annual bonus (325% of base), and $12.69 million in target long-term equity incentives.
What is the Charles Schwab CEO’s email address?
Rick Wurster’s email address is [email protected]. Client services can be reached at 800-435-4000, and the corporate headquarters phone is 817-859-5000.
What is Rick Wurster’s background?
Wurster holds a B.S. in Economics from Villanova and an MBA from Tuck/Dartmouth, plus CFA and CMT designations. He previously worked at McKinsey & Company and Wellington Management before joining Schwab in 2016.
How much money does Schwab manage?
As of the end of 2025, Charles Schwab manages a record $11.90 trillion in client assets across 46.5 million total client accounts.
Article last updated: March 5, 2026
Disclaimer: All information presented in this article has been compiled from publicly available sources, including SEC filings, official company press releases, and reputable news outlets. This content is provided for informational purposes only and does not constitute financial or investment advice.