When it comes to encouraging customers to invest for the long haul or live in the fast lane, Rick Wurster says he knows where his brokerage stands. And it is not on the side of the guy dressed as a race-car driver.
Wurster, appointed Charles Schwab’s CEO in January, has delivered higher profit this year thanks to individual investors’ mounting confidence in trading everything from stocks and bonds to options and exchange-traded funds.
An extended rally has led some ordinary Americans into riskier, more-volatile markets. Nowadays, investors can make leveraged trades on cryptocurrencies, buy zero-day-to-expiry options, and bet on whether the Kansas City Chiefs will win a football game.
