AI Prospecting for Charles Schwab

Charles Schwab reported a record first quarter in 2025, with net revenues up 18% year-over-year to $5.6 billion and net income of $1.9 billion. The company attracted $137.7 billion in core net new assets, a 44% year-over-year increase, and reduced Bank Supplemental Funding by 46% to $38.1 billion. Schwab also increased its common dividend by 8% and repurchased $1.5 billion worth of common stock. Additionally, the company made a strategic minority investment in Wealth.com to enhance its estate planning capabilities[1][3][4].

Charles Schwab announced a strategic minority investment in Wealth.com to enhance its estate planning capabilities, supporting financial advisors and clients with modern, AI-powered trust and estate services. This investment aims to integrate estate planning tools into Schwab's offerings, benefiting both retail and advisor clients[2].

Charles Schwab reported a strong first quarter in 2025, with $137.7 billion in core net new assets, a 44% year-over-year increase. The company saw an 18% year-over-year revenue growth to $5.6 billion and a 41% increase in adjusted earnings per share to $1.04. Schwab also reduced Bank Supplemental Funding by 46% to $38.1 billion and returned capital through an 8% common dividend increase and $1.5 billion in stock repurchases[1][3].