Charles Schwab opened multiple accounts for Jeffrey Epstein’s entities in April 2019 and wired $27.7 million toward a Moroccan palace, including a $14.95 million transfer from an underfunded account. The firm filed its suspicious activity report seven days after Epstein’s July 2019 arrest, raising questions about its AML monitoring and regulatory oversight.

Chief investment strategist Liz Ann Sonders cautioned against relying solely on mega-cap stocks, emphasizing a selective approach across a broader investment universe. She highlighted the abundance of alternative opportunities beyond the so-called Magnificent Seven, urging investors to diversify sectors and styles for risk management.

Zacks has designated Charles Schwab a top-ranked value stock based on style scores that assess earnings estimates, growth, momentum and valuation metrics. The ranking reflects the firm’s attractive price-to-book ratio and forecasted earnings revisions compared with industry peers.