Leadership Update: Walt Bettinger retired as CEO of Charles Schwab effective December 31, 2024. Rick Wurster became President & CEO on January 1, 2025. Bettinger now serves as Executive Co-Chairman of the Board alongside founder Charles R. Schwab.
During his 16-year tenure, Bettinger grew client assets from $1.14 trillion to over $10 trillion and led the landmark $26 billion acquisition of TD Ameritrade.
The Charles Schwab Corporation, one of America’s largest financial services companies, was founded in 1971 by Charles R. Schwab in San Francisco, California. Today, Charles Schwab CEO Rick Wurster leads the firm’s $10+ trillion client asset business and a workforce of approximately 32,700 employees. Appointed President & CEO effective January 1, 2025, Wurster brought over two decades of asset management and financial services expertise from McKinsey & Company, Wellington Management, and a nine-year tenure within Schwab itself. Under his leadership, Schwab reported record net revenues of $23.9 billion for fiscal 2025, a 22% year-over-year increase, and adjusted earnings per share growth of 50%.
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Rick Wurster – Quick Facts
Charles Schwab Competitors
The Charles Schwab Corporation operates in the highly competitive financial services and brokerage industry. The key competitors of Charles Schwab include:
- Fidelity Investments – largest U.S. brokerage by client accounts
- Vanguard Group – index fund pioneer and leading asset manager
- Morgan Stanley (E*TRADE) – full-service wealth management and online trading
- Interactive Brokers – advanced platform for active traders
- Goldman Sachs (Marcus) – investment banking and consumer finance
- JPMorgan Chase (J.P. Morgan Self-Directed) – retail and institutional brokerage
- Bank of America (Merrill Edge) – integrated banking and investing
- Robinhood Markets – commission-free trading for younger investors
Rick Wurster Net Worth 2026 – Charles Schwab CEO Salary
As of 2026, Rick Wurster net worth is estimated at approximately $15–22 million USD, based on his disclosed Charles Schwab stock holdings and SEC insider trading filings. Wurster directly owns approximately 161,523 shares of Charles Schwab Corp (SCHW), with additional unvested equity awards. The range in estimates reflects fluctuations in SCHW stock price over time.
Charles Schwab CEO Compensation Breakdown (FY2024)
Charles Schwab Net Worth 2026 – Is Charles Schwab Profitable?
Yes, The Charles Schwab Corporation is a highly profitable company. Under its new CEO Rick Wurster, Schwab has continued to deliver strong financial performance, with record revenues and expanding margins.
Charles Schwab Financial Summary (FY2024)
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Charles Schwab CEO Email Address | Rick Wurster Contact
Below are the official contact details and social media profiles for Charles Schwab CEO Rick Wurster:
Career & Education – Company, University, & College
Rick Wurster’s career spans over two decades in asset management, consulting, and financial services. He holds the Chartered Financial Analyst (CFA) and Chartered Market Technician (CMT) designations, reflecting deep expertise in both fundamental and technical analysis. Below is his complete career timeline:
Rick Wurster Career Timeline
Before becoming Charles Schwab CEO, Rick Wurster built a distinguished career in the asset management and consulting industries. He began his career at McKinsey & Company, where he rose to Associate Principal and became a leader of the firm’s asset management practice. He then joined Wellington Management, one of the world’s largest independent investment management firms, where he expanded the firm’s asset-allocation team and built and managed investment strategies and products.
Wurster joined Charles Schwab in early 2016 to lead two money managers the firm had acquired: ThomasPartners and Windhaven Investment Management. He subsequently became CEO of Charles Schwab Investment Advisory and Head of Schwab Asset Management Solutions. In October 2021, he was elevated to President of the Corporation, overseeing Schwab’s client enterprises, wealth and asset management, banking and trust, technology, and operations.
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In September 2024, the board announced Wurster would succeed Walt Bettinger as CEO effective January 1, 2025. He simultaneously joined the company’s Board of Directors.
Education
Rick Wurster Wiki – Age, Family, & More
Charles Schwab CEO Rick Wurster (age 53 as of 2026) grew up in Acton, Massachusetts. He is married to Jill Wurster, whom he met while pursuing his MBA at the Tuck School of Business at Dartmouth College. The couple has two daughters. Rick and Jill maintain a relatively private family life, with Wurster focusing his public presence on professional channels such as LinkedIn and Schwab’s official platforms.
Notable Achievements & Recognitions
- CFA & CMT Designations – One of few Fortune 500 CEOs to hold both the Chartered Financial Analyst and Chartered Market Technician designations
- TD Ameritrade Integration – As President, oversaw the successful integration of the $26 billion TD Ameritrade acquisition, the largest brokerage merger in history
- Record Client Assets – Led the growth of Schwab’s total client assets to a record $10.10 trillion by end of 2024
- Charles Schwab Foundation – Serves as President and Chair of the Charles Schwab Foundation, directing the firm’s philanthropic activities
- First Tee Board of Governors – Board member of First Tee, a youth development organization that uses golf as a platform for character education
- CNBC Featured CEO – Regularly featured on CNBC and other major financial media as a leading voice in the brokerage and wealth management industry
Wurster is an avid golfer who captained the Villanova University golf team during his undergraduate years. His love of the sport also helped him build a relationship with founder Charles R. Schwab, himself a passionate golfer.
About Charles Schwab
The Charles Schwab Corporation is an American multinational financial services company headquartered in Westlake, Texas. Founded in 1971 by Charles R. Schwab in San Francisco, California, the company pioneered the discount brokerage model in the 1970s and has grown into one of the world’s largest investment services firms.
Charles Schwab offers a broad range of financial services including brokerage accounts, wealth management, banking, asset management, retirement plan services, and trading platforms. The company completed its landmark acquisition of TD Ameritrade in 2020 and fully integrated its client accounts in 2023-2024, making Schwab the largest publicly traded U.S. brokerage firm.
Frequently Asked Questions (FAQ)
Who is the current CEO of Charles Schwab?
The current CEO of Charles Schwab is Rick Wurster (Richard A. Wurster), who was appointed President and Chief Executive Officer effective January 1, 2025. He succeeded Walt Bettinger, who retired after 16 years as CEO. Before becoming CEO, Wurster served as President of Charles Schwab since 2021.
What is Rick Wurster’s net worth in 2026?
As of 2026, Rick Wurster’s net worth is estimated at $15–22 million USD, based on his SEC-disclosed insider stock holdings of approximately 161,523 shares of Charles Schwab Corp (SCHW) and other assets. Estimates vary depending on the SCHW stock price at the time of valuation.
What is Charles Schwab CEO’s salary?
Rick Wurster’s total compensation for fiscal year 2024 (as President) was approximately $12.5 million, including a $1 million base salary, $3.5 million cash incentive, $4.8 million in stock awards, and $3.2 million in stock options. For 2025 as CEO, his base salary was raised to $1,250,000 with a target bonus of 325% of base.
What is Charles Schwab CEO’s email address?
Charles Schwab CEO Rick Wurster’s email address is [email protected]. He can also be reached via LinkedIn. For investor relations inquiries, visit aboutschwab.com/investor-relations.
What did Rick Wurster do before becoming CEO?
Before becoming Charles Schwab CEO, Rick Wurster served as President of Charles Schwab from 2021 to 2024, overseeing client services, wealth management, banking, technology, and operations. Earlier, he held leadership roles at Wellington Management and McKinsey & Company, where he was an Associate Principal in the asset management practice.
Is Charles Schwab a profitable company?
Yes, Charles Schwab is highly profitable. In fiscal year 2024, the company reported net income of $5.48 billion on net revenues of $19.6 billion, with a profit margin of 28%. Total client assets reached a record $10.10 trillion. Schwab’s FY2025 results were even stronger, with record net revenues of $23.9 billion.
Article last updated:March 2026March 2, 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.