- Schwab CEO Rick Wurster said on the earnings call that the firm will launch a proprietary version of the tax-aware long/short strategy.
- Schwab reported margin loan balances up 14% quarter over quarter to $187.9 billion, including $60.7 billion tied to tax-aware long/short strategies.
- Tax Alpha Insider estimated total assets in tax-aware long/short strategies rose from $2 billion in 2022 to more than $170 billion this year.
Quotes
“I do expect us to have an offering”
“We are thrilled about that, working on it”