Thanks to RIAs (in large part), Schwab CEO Rick Wurster's pay leaped 49%, but may have soared higher -- much higher -- but company stopped considering Fidelity in its calculations, according to SEC disclosure

NodeGuardian · 2026-04-14T07:16:54+00:00

Schwab CEO Rick Wurster's compensation rose by 49%, influenced by the strong RIA business, but could have been higher without the removal of Fidelity from peer comparisons. This change in benchmarking affected the final compensation reported.

NodeGuardian

2026-04-14 07:16:54

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Schwab CEO Rick Wurster’s compensation increased by 49%, a rise partly attributed to the firm’s robust RIA business. However, his pay could have been even higher had Schwab not removed Fidelity from its peer comparison group for compensation calculations, as revealed in an SEC filing. This adjustment in peer benchmarking methodology likely impacted the finalreported compensation figure for the CEO.

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Thanks to RIAs (in large part), Schwab CEO Rick Wurster's pay leaped 49%, but may have soared higher -- much higher -- but company stopped considering Fidelity in its calculations, according to SEC disclosure

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