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via finance.yahoo.comCapital Markets

Charles Schwab sells Forge Trust to Alto to expand private markets retirement services

FROM THE WIRE · FINANCE.YAHOO.COM

Charles Schwab (NYSE:SCHW) agreed to sell Forge Trust Co. and its parent to Alto, a private markets retirement platform provider. The deal will combine Forge Trust's alternative asset custody capabilities with Alto's technology and infrastructure for self-directed retirement…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralSchwab asset sale to private markets platform; strategic move but not market-moving for mega-cap.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Charles Schwab agrees to sell Forge Trust Co. and its parent to Alto.
  2. 02Alto is a private markets retirement platform provider.
  3. 03Deal combines Forge Trust's alternative asset custody with Alto's technology and infrastructure.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
The Charles Schwab CorporationSCHWStock95.58 USDMarket closedtoday -1.26%Neutral The Charles Schwab CorporationSCHW-PDStock21.40 USDMarket closedtoday +0.47%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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