Rick Wurster, the incoming CEO of Charles Schwab, plans to support clients interested in cryptocurrency despite not yet investing in it himself. In an interview, he expressed feeling silly for not having bought crypto, acknowledging its popularity and profitability among investors. Schwab anticipates launching spot crypto trading once regulations in the U.S. improve, revealing that clients are already participating in the crypto market through ETFs and futures. Wurster aims to position Schwab favorably against competitors like Fidelity and newer trading platforms. He also highlighted the significant role of artificial intelligence in transforming wealth management, boasting improvements in client service through rapid information retrieval. Wurster will officially take over the CEO role on January 1, succeeding Walt Bettinger, who has led the company since 2008.

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