- Client assets top $10tn
- Fees increase by 22 per cent
Results for venerable US brokerage Charles Schwab (US:SCHW) went a long way to illustrating the truism in the film The Wolf of Wall Street, memorably articulated by Matthew McConaughey, that at the end of the day it is the broker who takes home the cold, hard cash. A strong end to the year saw record inflows for the company as US investors rode a rising market. The shares were up strongly on results day as investors noted the outperformance.