F-Prime Capital - State of Fintech 2023
Wharton FinTech Podcast
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Charles Schwab's Net Revenue Income Increase in the Third Quarter of 2022
You said, wealth management and asset management is actually being benefited by rising rates. Can you tell me a bit more about why? Yeah, so I guess it's similar to the Robinhood example where you're holding customer cash balances in between trading,. You're sitting on that float for a while, then you're able to earn interest on that balance. So that's one way, especially in a rising rate environment that, you know, Robinhood and others have been able to generate additional revenue.
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