Donor-advised funds (DAFs) linked to Charles Schwab are experiencing a boom in donations of private-company shares, driven by soaring valuations of private tech firms like Anthropic and OpenAI. These funds allow donors to gift shares, claim immediate tax deductions, and decide later which charities receive the assets. The rise in IPOs and private company valuations is creating new wealth opportunities for tech workers, who benefit from tax advantages by donating shares to DAFs. This trend is expected to grow with potential IPOs from major private companies, enabling donors to liquidate assets efficiently and support charities over time.
Compass Point initiated a "Buy" rating on Charles Schwab following its strong Q2 2026 financial results, which included a 20.9% revenue increase and a 42% rise in adjusted EPS. The firm also saw a 49% surge in core net new assets and total client ass...
The Texas Stock Exchange (TXSE) officially launched its trading operations, becoming the first major new U.S. stock exchange in decades. Based in Dallas, TXSE aims to compete with the New York Stock Exchange and Nasdaq by focusing on companies in the...
