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SCHW Unveils Teen Investing Account: A Path to Future Cross-Sell Plan
ZACKS· 2026-03-27 15:01
Key Takeaways Charles Schwab launched a joint brokerage account for teens ages 13 to 17 and a parent or guardian.SCHW said one-third of new-to-firm clients last year were Gen Z, and average client age fell by 10 years.The account may support future cross-sell, but its adoption and near-term earnings impact remain unclear.Charles Schwab (SCHW) has introduced the Schwab Teen Investor account, a new joint brokerage account for teens aged 13 to 17 and a parent or guardian. This move aims to attract clients earl ...