Rick Wurster insists Schwab won’t charge RIAs custody fees or roll out AI cash optimizers, but Compass Point analysts say a ‘Costco’-style fee for agentic cash-sorting could replace lost sweep margins and unlock a $135 stock price – RIABiz

Schwab CEO Rick Wurster has stated the company will not implement custody fees for registered investment advisors or launch AI-powered cash optimization tools. However, Compass Point analysts suggest that Schwab could introduce a subscription-style fee model for automated cash-sorting services to offset declining sweep margins, potentially driving the stock price to $135.

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