Charles Schwab Corp. named Rick Wurster president, conferring the title on one of Chief Executive Walt Bettinger’s top deputies.
Wurster will take on the role starting Oct. 15, the company said in a statement Tuesday. Bettinger currently holds the title.
A nearly six-year veteran of the company, Wurster runs Schwab Asset Management, the arm of the business that oversees Schwab funds and exchange-traded funds.
Wurster previously worked at Wellington Management for a decade, where he was a portfolio manager, and at McKinsey & Co., where he led the asset management practice.
“Rick is an exceptional executive and leader and I am thrilled to continue working with him in his expanded role,” Bettinger said in the statement.
Schwab oversaw about $7.8 trillion in overall client assets as of Aug. 31.
A father-son pair has joined the firm's independent arm in Utah, while a quartet of planning advisors strengthen its employee channel in Louisiana.
New report shows dimmed outlook for benefits to retirees and disabled Americans, creating further pressure for federal tax hikes or more borrowing.
Open letter to SEC Chair Paul Atkins questions whether the Ivy League university withheld material information prior to its $750 million taxable bond offering.
The Las Vegas-based hybrid RIA overseeing $8.8 billion in assets has named Andy Kalbaugh president to help scale its advisor platform.
The wealth tech giant – in collaboration with Fidelity, BlackRock, State Street, and Franklin Templeton – is offering its advisor and wealth firm users more ways to diversify.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
