03:25 PM EDT, 09/24/2025 (MT Newswires) -- Charles Schwab ( SCHW ) plans to offer greater access for retail investors to access stakes in private companies, Bloomberg News reported Wednesday, citing an interview with the company's Chief Executive Officer Rick Wurster.

Wurster reportedly noted the increase in private firms and the decrease in public ones, emphasizing the need to offer retail investors opportunities in these companies.

The CEO pointed to firms such as Stripe and OpenAI as examples of billion-dollar companies retail investors should be able to invest in, Bloomberg reported.

He reportedly added that employees of such companies also desire liquidity for their stock holdings.

Shares of the company were down about 2% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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