Charles Schwab could lose about $8.98 billion a year that comes from customers leaving cash idle and paying wider margin rates.
Schwab depends on an estimated $8.98 billion a year from customers leaving cash and paying wider margin rates. Citrini says AI agents could find better rates and move that money, which would remove a large profit source for Schwab. The report is an estimate and depends on agent adoption speed, but early Muse downloads strengthen the risk.
Interactive Brokers is positioned to benefit because it offers market-like rates that agents could steer customers toward.
Robinhood may gain customers if agents push money to platforms that pay better rates, since the report flags Robinhood as competitive on rates.
Meta’s Muse agent could speed adoption of money-moving agents, which is the mechanism Citrini says would disrupt legacy brokers.
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