# Charles Schwab spent a good chunk of its six-hour-long investor day on May 14 explaining to analysts and shareholders how the company is using artificial intelligence to boost its business.

*fintech · news · 2026-05-24 · Livemint*

## Key points

- Charles Schwab addressed its AI strategy in detail during a six-hour investor day on May 14.
- Investors are concerned AI may enable clients to move sweep cash to higher-yield accounts automatically.
- Brokerages like Schwab rely heavily on profits from client cash held in low-interest sweep accounts.
- Fears about AI-driven loss of sweep cash profits have affected stock prices of several brokerage firms in 2024.

**Companies:** Charles Schwab, LPL Financial, Raymond James Financial, Ameriprise Financial
**Countries:** United States

[Read the full story on Livemint](https://www.livemint.com/ai/artificial-intelligence/charles-schwab-ai-ai-in-fintech-11779599429420.html)

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