US President Donald Trump’s latest financial disclosure has revealed that investment accounts worth at least $858 million are being managed by some of the biggest financial institutions on Wall Street.
According to a CNBC analysis, Charles Schwab, JPMorgan Chase, UBS and Stephens Inc. oversee four of Trump’s eight investment accounts. The report said the value of his disclosed investment portfolio has grown sharply from $237 million in 2024 to at least $858 million in 2025.
Charles Schwab reportedly manages the largest share of the portfolio, valued at around $465 million, and also provides a credit line of more than $50 million to Trump’s trust. The accounts recorded over 21,000 transactions during the year.
Trump has maintained that he does not personally manage his investments. He said professional fund managers make all investment decisions on his behalf through fully discretionary accounts.
While CNBC found no evidence that these financial relationships influenced government decisions or individual trades, experts said such arrangements could raise ethical, compliance and reputational concerns because they involve the personal wealth of a sitting US President.
The financial disclosure also reported significant earnings from Trump’s family business ventures, including cryptocurrency investments.