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Charles SchwabIn development

Meta's Muse reignites AI disruption fears. Traders are targeting this brokerage stock as next casualty

What happened

Charles Schwab's advisor services platform is collaborating with Anthropic to develop a new AI tool named 'Claude for Financial Advisors'.

Source

Article excerpt

In this article Meta's latest consumer AI product is sending such big shockwaves through the market that it's even inflaming a long-time rivalry in the brokerage business between 55-year old investing giant Charles Schwab, and Robinhood, an icon of the post-Covid trading boom among young investors. Shares of Schwab fell 6% Tuesday, touching the lowest since early July and the stock is now down more than 8% since Meta announced Muse. Meanwhile, Robinhood's stock was higher, notching anotheryear-to-date high. In May, the company launched AI agents that can now trade and manage portfolios on behalf of users. Shares of sprawling wealth management business LPL Financial Holdings dropped 7% Tuesday, financial services firm Raymond James Financial shed 3.5 percent, and Interactive Brokers slipped 1% as the State Street Financial Select Sector SPDR ETF (XLF) lost 2% and is now down 6 percent from highs made earlier this month. Higher interest rates may not be helping. It's not the first time an AI product has jostled the group – in February, the same group of stocks dropped when tech platform Altruist said its platform `Hazel' can create tax-planning strategies for individuals and advisors. Schwab stock recovered some in the months after – LPL has not. "Schwab's an interesting animal," said Jimmy Lee, founder and CEO of The Wealth Consulting Group, a Las Vegas-based advisor that...

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Extracted from this sentence

Last week, Schwab Advisor Services, the company's platform for registered investment advisors, announced it is working with Anthropic to create Claude for Financial Advisors.

Extracted by Autobound

From the Signal API record
Event
In development

What this signalsWork in development often leads to new buying for tools, data and services.

Product
Claude for Financial Advisors

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The full record

From the Signal API record

Topics and mentions

Product tags

  • online technology
  • general technology
  • future tech
  • data

Extraction

Confidence
90%
Detected
Sep 23, 2026
signal_type
news
signal_subtype
is_developing

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The API returns more than this page shows

This page shows a preview. The full news record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/122671e7-4496-172c-19fa-9c97b2e7fa60 returns this record as JSON. POST /v1/companies/enrich returns every signal for schwab.com.

{
  "signal_id": "122671e7-4496-172c-19fa-9c97b2e7fa60",
  "signal_type": "news",
  "signal_subtype": "is_developing",
  "detected_at": "2026-09-23T11:51:23+00:00",
  "company": {
    "name": "Charles Schwab",
    "domain": "schwab.com"
  },
  "data": {
    "url": "https://www.cnbc.com/2026/09/23/metas-muse-ai-causes-schwab-selloff.html",
    "title": "Meta's Muse reignites AI disruption fears. Traders are targeting this brokerage stock as next casualty",
    "excerpt": "In this article Meta's latest consumer AI product is sending such big shockwaves through the market that it's even inflaming a long-time rivalry in the brokerage business between 55-year old investing giant Charles Schwab , and Robinhood , an icon of the post-Covid trading boom among young investors. Shares of Schwab fell 6% Tuesday, touching the lowest since early July and the stock is now down more than 8% since Meta announced Muse. Meanwhile, Robinhood's stock was higher, notching anotheryear-to-date high. In May, the company launched AI agents that can now trade and manage portfolios on behalf of users. Shares of sprawling wealth management business LPL Financial Holdings dropped 7% Tuesday, financial services firm Raymond James Financial shed 3.5 percent, and Interactive Brokers slipped 1% as the State Street Financial Select Sector SPDR ETF (XLF) lost 2% and is now down 6 percent from highs made earlier this month. Higher interest rates may not be helping. It's not the first time an AI product has jostled the group – in February, the same group of stocks dropped when tech platform Altruist said its platform `Hazel' can create tax-planning strategies for individuals and advisors. Schwab stock recovered some in the months after – LPL has not. \"Schwab's an interesting animal,\" said Jimmy Lee, founder and CEO of The Wealth Consulting Group, a Las Vegas-based advisor that...",
    "product": "Claude for Financial Advisors",
    "summary": "Charles Schwab's advisor services platform is collaborating with Anthropic to develop a new AI tool named 'Claude for Financial Advisors'.",
    "planning": false,
    "image_url": "https://image.cnbcfm.com/api/v1/image/108338168-1784667654662-gettyimages-2287095397-_75a1669_bsgcs6jm.jpeg?v=1789594575&w=1920&h=1080",
    "confidence": 0.9,
    "product_data": {
      "name": "Claude for Financial Advisors",
      "full_text": "Claude for Financial Advisors",
      "fuzzy_match": false
    },
    "product_tags": [
      "online_technology",
      "general_technology",
      "future_tech",
      "data"
    ],
    "published_at": "2026-09-23T11:51:23Z",
    "article_sentence": "Last week, Schwab Advisor Services, the company's platform for registered investment advisors, announced it is working with Anthropic to create Claude for Financial Advisors.",
    "related_company_name": "Anthropic",
    "related_company_domain": "anthropic.com"
  }
}

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