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Schwab Plans New Tax-Aware Investment Strategy | Markets & Money News
Charles Schwab has reported a significant increase in margin loan balances, reaching $60.7 billion, driven by rising interest in "tax-aware" long/short strategies among wealthy investors. These strategies, which facilitate tax-loss harvesting, have grown explosively, from $2 billion in 2022 to over $170 billion this year. In response to client demand, Schwab plans to launch its own proprietary tax-aware solution, although concerns remain about accessibility and tax risks. The evolving wealth
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