Charles Schwab Completes Acquisition of Forge Global

The deal combines leaders in public and private marketplace transactions.

Published on Mar. 2, 2026

Got story updates? Submit your updates here. ›

The Charles Schwab Corporation has completed its acquisition of Forge Global Holdings, Inc., a provider of access to shares of pre-IPO companies. The transaction brings together Schwab's expertise in public markets with Forge's capabilities in private marketplace transactions, positioning Schwab to offer a comprehensive experience across both markets for individual investors and Registered Investment Advisors.

Why it matters

The acquisition allows Schwab to expand its alternative investments offerings and provide more investors and advisors with access to private company shares, which can be an attractive opportunity for wealth creation and diversification.

The details

Under the terms of the agreement, Forge's shareholders received $45 cash per outstanding common share. The transaction was unanimously approved by the Boards of Directors of Schwab and Forge. Integration work is underway, and Forge will continue to operate its business and maintain relationships with issuers. Schwab plans to introduce Forge's products and capabilities to more individual investors and RIAs over time.

  • The acquisition was completed on March 2, 2026.

The players

The Charles Schwab Corporation

A leading provider of financial services, with 38.0 million active brokerage accounts, 5.6 million workplace plan participant accounts, 2.2 million banking accounts, and $11.59 trillion in client assets.

Forge Global Holdings, Inc.

A company that provides eligible investors with direct and indirect access to shares of pre-IPO companies through direct private share purchases, single company funds, and multicompany funds.

Rick Wurster

The president and chief executive officer of Charles Schwab.

Got photos? Submit your photos here. ›

What they’re saying

“We believe helping more people participate directly in the growth of private companies is a meaningful opportunity for wealth creation and diversification, attractive to individual investors and the advisors who serve them.”

— Rick Wurster, President and Chief Executive Officer, Charles Schwab (BusinessWire)

What’s next

Schwab plans to introduce Forge's products and capabilities to more individual investors and RIAs over time and will share more details on the integration and combined offer in the months ahead.

The takeaway

The acquisition of Forge Global by Charles Schwab combines expertise in public and private markets, allowing Schwab to offer a comprehensive investment experience and expanded access to private company shares for individual investors and advisors.