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Schwab Reports Monthly Activity Highlights

The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of October 2019 include:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191114005208/en/

  • Core net new assets brought to the company by new and existing clients totaled $24.1 billion. Net new assets excluding mutual fund clearing totaled $22.6 billion.
  • Total client assets were a record $3.85 trillion as of month-end October, up 14% from October 2018 and up 2% compared to September 2019.
  • New brokerage accounts were 142,000 in October, up 7% from October 2018 and up 31% compared to September 2019.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 365 offices and 12.2 million active brokerage accounts, 1.7 million corporate retirement plan participants, 1.4 million banking accounts, and $3.85 trillion in client assets as of October 31, 2019. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, https://www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent, fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at https://www.schwab.com and https://www.aboutschwab.com.

     
The Charles Schwab Corporation Monthly Activity Report For October 2019
     
 

2018

2019

Change
 OctNovDecJanFebMarAprMayJunJulAugSepOctMo. Yr.
Market Indices (at month end)    
Dow Jones Industrial Average 

25,116

25,538

23,327

25,000

25,916

25,929

26,593

24,815

26,600

26,864

26,403

26,917

27,046

-

 

8

%

Nasdaq Composite 

7,306

7,331

6,635

7,282

7,533

7,729

8,095

7,453

8,006

8,175

7,963

7,999

8,292

4

%

 

13

%

Standard & Poor’s 500 

2,712

2,760

2,507

2,704

2,784

2,834

2,946

2,752

2,942

2,980

2,926

2,977

3,038

2

%

 

12

%

Client Assets (in billions of dollars)    
Beginning Client Assets 

3,563.7

3,388.1

3,431.9

3,252.2

3,447.7

3,533.0

3,585.4

3,668.5

3,530.6

3,702.4

3,746.7

3,716.5

3,768.4

   
Net New Assets (1) 

14.9

15.6

24.8

15.1

18.3

18.3

(0.3

)

17.3

20.2

19.3

19.9

17.4

35.2

102

%

 

136

%

Net Market (Losses) Gains 

(190.5

)

28.2

(204.5

)

180.4

67.0

34.1

83.4

(155.2

)

151.6

25.0

(50.1

)

34.5

51.0

   
Total Client Assets (at month end) 

3,388.1

3,431.9

3,252.2

3,447.7

3,533.0

3,585.4

3,668.5

3,530.6

3,702.4

3,746.7

3,716.5

3,768.4

3,854.6

2

%

 

14

%

Core Net New Assets (2) 

14.9

15.6

24.8

15.1

18.3

18.3

(0.3

)

17.3

20.2

19.3

19.9

17.4

24.1

39

%

 

62

%

Receiving Ongoing Advisory Services (at month end)    
Investor Services 

280.3

284.7

272.4

286.9

294.2

298.4

305.7

298.5

311.6

314.8

314.2

318.5

324.6

2

%

 

16

%

Advisor Services (3) 

1,485.8

1,510.1

1,436.1

1,514.2

1,551.6

1,572.8

1,608.0

1,554.6

1,626.6

1,646.1

1,635.7

1,659.4

1,691.6

2

%

 

14

%

Client Accounts (at month end, in thousands)    
Active Brokerage Accounts 

11,479

11,529

11,593

11,653

11,712

11,787

11,870

11,929

11,967

12,026

12,085

12,118

12,189

1

%

 

6

%

Banking Accounts (4) 

1,289

1,297

1,302

1,312

1,313

1,300

1,310

1,323

1,336

1,352

1,361

1,361

1,374

1

%

 

7

%

Corporate Retirement Plan Participants 

1,634

1,639

1,655

1,679

1,685

1,684

1,690

1,699

1,698

1,701

1,711

1,718

1,735

1

%

 

6

%

Client Activity    
New Brokerage Accounts (in thousands) 

133

115

132

131

115

140

147

123

116

129

126

108

142

31

%

 

7

%

Inbound Calls (in thousands) 

1,976

1,681

1,839

1,924

1,742

1,882

1,966

1,671

1,595

1,773

1,759

1,570

1,771

13

%

 

(10

%)

Web Logins (in thousands) 

59,261

54,654

53,920

64,563

60,121

63,692

65,669

61,522

60,824

65,809

63,928

63,530

72,547

14

%

 

22

%

Client Cash as a Percentage of Client Assets (5) 

11.1

%

11.2

%

12.8

%

11.7

%

11.5

%

11.3

%

10.9

%

11.3

%

10.9

%

11.0

%

11.3

%

11.4

%

11.3

%

(10)

bp 

 

20

bp 

Mutual Fund and Exchange-Traded Fund    
Net Buys (Sells) (6, 7) (in millions of dollars)    
Large Capitalization Stock 

308

331

717

1,343

1,109

1,045

980

1,114

206

717

328

23

900

   
Small / Mid Capitalization Stock 

(1,344

)

(456

)

(1,414

)

1,329

638

302

136

(190

)

18

10

(374

)

(212

)

(458

)

   
International 

(109

)

(418

)

(2,163

)

2,212

1,086

1,274

863

(100

)

225

744

(1,390

)

(355

)

340

   
Specialized 

(914

)

(397

)

(2,105

)

124

609

750

(109

)

(440

)

341

418

353

583

618

   
Hybrid 

(1,313

)

(1,248

)

(2,985

)

(321

)

(309

)

(357

)

(228

)

(316

)

(181

)

(366

)

(569

)

(372

)

(202

)

   
Taxable Bond 

(351

)

(836

)

(4,342

)

3,956

2,871

1,923

3,029

1,821

2,378

3,806

2,725

2,935

2,813

   
Tax-Free Bond 

(591

)

(407

)

(409

)

1,184

1,111

1,133

760

1,057

682

960

760

593

809

   
Net Buy (Sell) Activity (in millions of dollars)    
Mutual Funds (6) 

(5,734

)

(7,955

)

(21,372

)

6,740

2,312

1,850

1,860

86

7

2,151

(1,281

)

(573

)

(473

)

   
Exchange-Traded Funds (7) 

1,420

4,524

8,671

3,087

4,803

4,220

3,571

2,860

3,662

4,138

3,114

3,768

5,293

   
Money Market Funds 

2,546

8,515

13,548

4,944

(1,577

)

1,785

(2,097

)

5,067

4,570

6,143

6,068

5,833

7,059

   
Average Interest-Earning Assets (8)    
(in millions of dollars) 

264,156

265,648

274,913

277,068

270,718

272,727

270,308

263,718

262,759

263,993

265,005

266,430

266,089

-

 

1

%

(1)

October 2019 includes an inflow of $11.1 billion from a mutual fund clearing services client. 

(2)

Net new assets before significant one-time inflows or outflows, such as acquisitions/divestitures or extraordinary flows (generally greater than $10 billion) relating to a specific client. These flows may span multiple reporting periods.

(3)

Excludes Retirement Business Services.

(4)

In March 2019, banking accounts were reduced by approximately 23,000 as a result of inactive account closures.

(5)

Schwab One®, certain cash equivalents, bank deposits and money market fund balances as a percentage of total client assets. 

(6)

Represents the principal value of client mutual fund transactions handled by Schwab, including transactions in proprietary funds. Includes institutional funds available only to Investment Managers. Excludes money market fund transactions.

(7)

Represents the principal value of client ETF transactions handled by Schwab, including transactions in proprietary ETFs.   

(8)

Represents average total interest-earning assets on the company's balance sheet.

Contacts:

MEDIA:
Mayura Hooper
Charles Schwab
Phone: 415-667-1525

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