“We also believe we can accelerate the growth of our wealth business, both at Schwab and by introducing it to Ameritrade clients.”

In context

“solutions and experiences for RIAs of all sizes. In the first quarter, we acquired Family Wealth Alliance, a membership organization that provides resources to the family wealth community serving ultra-high net worth clients. The acquisition continues a relationship that has existed between the 2 companies for years. And together, we'll be able to expand the services we offer for multifamily offices and single-family offices. We are thriving and our growth initiatives are paying off. I shared in the winter business update some of the statistics you see on the left side of this page. They show we have lots of opportunity in front of us. We remain confident we can close the share of wallet opportunity I described by introducing clients to the collective capabilities of our integrated firm. We also believe we can accelerate the growth of our wealth business, both at Schwab and by introducing it to Ameritrade clients. We saw very positive signs this quarter as it was our strongest quarter of flows ever into full-service wealth solutions. And 95% of eligible Ameritrade FCs enrolled a client into a wealth solution, a very promising sign for the future. We continue to invest in our lending platform to increasingly be there for clients in the future. And finally, the combination with Ameritrade allows us to enhance our trading capabilities for a highly engaged and important client segment. Investing in a thinkorswim platform and bringing the powerful platform tools and education to our trader clients will be an important differentiator for Schwab as we look to the future. I'd like to wrap up where I started. We are in a position of strength. Our business thrived in the first quarter and our growth accelera”