嘉信理财Q3盈利超预期但收入略逊，CEO称正开发税务感知多空策略产品

Charles Schwab ( SCHW ) is working on a proprietary long/short program for tax-aware investing, the company's CEO said Thursday on its Q3 earnings call. The strategy has gained traction as wealthy investors seek to minimize their tax burdens. "I do expect us to have an offering," Chairman and CEO Rick Wurster said. "We already have a great direct indexing capability today that has had wonderful performance in terms of tax alpha and delivering for clients, and I expect us to be able to deliver an extended version of that on long/short." The opportunity is appealing "because we will be able to run that product in a very efficient way from a balance sheet and operational standpoint," he added. That will help the company to " sustain the ability to deliver long-short capabilities to our clients." "It's certainly another way we can deliver monetization," Wurster noted. "And importantly, it's a way we can deliver sustainable long/short strategies to our clients in a way that is operationally and financially manageable over the longer term." The company will provide updates about the offering on future calls, he added. Last month, Bloomberg News reported that Schwab ( SCHW ) is tightening up limits on tax-aware long-short accounts as regulators scrutinize overly aggressive tax-aware products. C lients will have to have a minimum of $10M of assets to fund some long-short separately managed accounts, up from its previous requirement of $1M, the report said. Schwab ( SCHW ) stock fell 1.9% in early afternoon trading. Earlier, Charles Schwab shares dip after Q3 revenue disappoints, earnings top consensus