Reported about 9 hours ago
Charles Schwab has announced its acquisition of Forge Global for $660 million, aimed at broadening private market access for everyday investors. CEO Rick Wurster emphasized the deal's potential to democratize investment opportunities in private markets, which have historically been reserved for high-net-worth individuals. The integration will allow Schwab's 46 million clients to utilize Forge’s research capabilities and gain access to alternative investments, enhancing diversity in their portfolios.
Source: YAHOO