Schwab Reports Monthly Activity Highlights

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

This press release features multimedia. View the full release here: LINK 

  • Core net new assets brought to the company by new and existing clients totaled $19.3 billion for the month, a July record. Net new assets excluding mutual fund clearing totaled $18.2 billion.
  • Total client assets were a record $3.75 trillion as of month-end July, up 8% from July 2018 and up 1% compared to June 2019.
  • Client assets receiving ongoing advisory services were a record $1.96 trillion as of month-end July, up 8% from July 2018 and up 1% compared to June 2019.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 365 offices and 12.0 million active brokerage accounts, 1.7 million corporate retirement plan participants, 1.4 million banking accounts, and $3.75 trillion in client assets as of July 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, LINK  ), 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 LINK  and LINK  .

The Charles Schwab Corporation Monthly Activity Report For July 2019
 

2018

 

 

 

 

 

 

 

 

 

 

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

Change

Jul

 

Aug

 

Sep

 

Oct

 

Nov

 

Dec

 

Jan

 

Feb

 

Mar

 

Apr

 

May

 

Jun

 

Jul

 

Mo.

 

Yr.

Market Indices (at month end)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dow Jones Industrial Average

25,415

 

 

25,965

 

 

26,458

 

 

25,116

 

 

25,538

 

 

23,327

 

 

25,000

 

 

25,916

 

 

25,929

 

 

26,593

 

 

24,815

 

 

26,600

 

 

26,864

 

 

1%

 

6%

Nasdaq Composite

7,672

 

 

8,110

 

 

8,046

 

 

7,306

 

 

7,331

 

 

6,635

 

 

7,282

 

 

7,533

 

 

7,729

 

 

8,095

 

 

7,453

 

 

8,006

 

 

8,175

 

 

2%

 

7%

Standard & Poor’s 500

2,816

 

 

2,902

 

 

2,914

 

 

2,712

 

 

2,760

 

 

2,507

 

 

2,704

 

 

2,784

 

 

2,834

 

 

2,946

 

 

2,752

 

 

2,942

 

 

2,980

 

 

1%

 

6%

Client Assets (in billions of dollars)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning Client Assets

3,397.0

 

 

3,477.9

 

 

3,555.9

 

 

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

 

 

 

 

 

Net New Assets

16.3

 

 

20.8

 

 

16.4

 

 

14.9

 

 

15.6

 

 

24.8

 

 

15.1

 

 

18.3

 

 

18.3

 

 

(0.3

)

 

17.3

 

 

20.2

 

 

19.3

 

 

(4%)

 

18%

Net Market Gains (Losses)

64.6

 

 

57.2

 

 

(8.6

)

 

(190.5

)

 

28.2

 

 

(204.5

)

 

180.4

 

 

67.0

 

 

34.1

 

 

83.4

 

 

(155.2

)

 

151.6

 

 

25.0

 

 

 

 

 

Total Client Assets (at month end)

3,477.9

 

 

3,555.9

 

 

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

 

 

1%

 

8%

Core Net New Assets (1)

16.3

 

 

20.8

 

 

16.4

 

 

14.9

 

 

15.6

 

 

24.8

 

 

15.1

 

 

18.3

 

 

18.3

 

 

(0.3

)

 

17.3

 

 

20.2

 

 

19.3

 

 

(4%)

 

18%

Receiving Ongoing Advisory Services (at month end)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investor Services

287.0

 

 

292.0

 

 

292.7

 

 

280.3

 

 

284.7

 

 

272.4

 

 

286.9

 

 

294.2

 

 

298.4

 

 

305.7

 

 

298.5

 

 

311.6

 

 

314.8

 

 

1%

 

10%

Advisor Services (2)

1,525.5

 

 

1,555.3

 

 

1,559.2

 

 

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%

 

8%

Client Accounts (at month end, in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Active Brokerage Accounts (3)

11,243

 

 

11,310

 

 

11,423

 

 

11,479

 

 

11,529

 

 

11,593

 

 

11,653

 

 

11,712

 

 

11,787

 

 

11,870

 

 

11,929

 

 

11,967

 

 

12,026

 

 

-

 

7%

Banking Accounts (4)

1,262

 

 

1,274

 

 

1,283

 

 

1,289

 

 

1,297

 

 

1,302

 

 

1,312

 

 

1,313

 

 

1,300

 

 

1,310

 

 

1,323

 

 

1,336

 

 

1,352

 

 

1%

 

7%

Corporate Retirement Plan Participants

1,611

 

 

1,621

 

 

1,627

 

 

1,634

 

 

1,639

 

 

1,655

 

 

1,679

 

 

1,685

 

 

1,684

 

 

1,690

 

 

1,699

 

 

1,698

 

 

1,701

 

 

-

 

6%

Client Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

New Brokerage Accounts (in thousands)

118

 

 

132

 

 

119

 

 

133

 

 

115

 

 

132

 

 

131

 

 

115

 

 

140

 

 

147

 

 

123

 

 

116

 

 

129

 

 

11%

 

9%

Inbound Calls (in thousands)

1,849

 

 

1,964

 

 

1,715

 

 

1,976

 

 

1,681

 

 

1,839

 

 

1,924

 

 

1,742

 

 

1,882

 

 

1,966

 

 

1,671

 

 

1,595

 

 

1,773

 

 

11%

 

(4%)

Web Logins (in thousands)

57,137

 

 

62,797

 

 

53,923

 

 

59,261

 

 

54,654

 

 

53,920

 

 

64,563

 

 

60,121

 

 

63,692

 

 

65,669

 

 

61,522

 

 

60,824

 

 

65,809

 

 

8%

 

15%

Client Cash as a Percentage of Client Assets (5)

10.5%

 

10.4%

 

10.3%

 

11.1%

 

11.2%

 

12.8%

 

11.7%

 

11.5%

 

11.3%

 

10.9%

 

11.3%

 

10.9%

 

11.0%

 

10 bp

 

50 bp

Mutual Fund and Exchange-Traded Fund

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Buys (Sells) (6, 7) (in millions of dollars)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Large Capitalization Stock

486

 

 

918

 

 

311

 

 

308

 

 

331

 

 

717

 

 

1,343

 

 

1,109

 

 

1,045

 

 

980

 

 

1,114

 

 

206

 

 

717

 

 

 

 

 

Small / Mid Capitalization Stock

768

 

 

(186

)

 

151

 

 

(1,344

)

 

(456

)

 

(1,414

)

 

1,329

 

 

638

 

 

302

 

 

136

 

 

(190

)

 

18

 

 

10

 

 

 

 

 

International

(529

)

 

186

 

 

(88

)

 

(109

)

 

(418

)

 

(2,163

)

 

2,212

 

 

1,086

 

 

1,274

 

 

863

 

 

(100

)

 

225

 

 

744

 

 

 

 

 

Specialized

520

 

 

(245

)

 

73

 

 

(914

)

 

(397

)

 

(2,105

)

 

124

 

 

609

 

 

750

 

 

(109

)

 

(440

)

 

341

 

 

418

 

 

 

 

 

Hybrid

(548

)

 

(678

)

 

(324

)

 

(1,313

)

 

(1,248

)

 

(2,985

)

 

(321

)

 

(309

)

 

(357

)

 

(228

)

 

(316

)

 

(181

)

 

(366

)

 

 

 

 

Taxable Bond

879

 

 

965

 

 

1,371

 

 

(351

)

 

(836

)

 

(4,342

)

 

3,956

 

 

2,871

 

 

1,923

 

 

3,029

 

 

1,821

 

 

2,378

 

 

3,806

 

 

 

 

 

Tax-Free Bond

306

 

 

559

 

 

262

 

 

(591

)

 

(407

)

 

(409

)

 

1,184

 

 

1,111

 

 

1,133

 

 

760

 

 

1,057

 

 

682

 

 

960

 

 

 

 

 

Net Buy (Sell) Activity (in millions of dollars)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mutual Funds (6)

(522

)

 

(1,936

)

 

(1,538

)

 

(5,734

)

 

(7,955

)

 

(21,372

)

 

6,740

 

 

2,312

 

 

1,850

 

 

1,860

 

 

86

 

 

7

 

 

2,151

 

 

 

 

 

Exchange-Traded Funds (7)

2,404

 

 

3,455

 

 

3,294

 

 

1,420

 

 

4,524

 

 

8,671

 

 

3,087

 

 

4,803

 

 

4,220

 

 

3,571

 

 

2,860

 

 

3,662

 

 

4,138

 

 

 

 

 

Money Market Funds

(4,801

)

 

704

 

 

(1,933

)

 

2,546

 

 

8,515

 

 

13,548

 

 

4,944

 

 

(1,577

)

 

1,785

 

 

(2,097

)

 

5,067

 

 

4,570

 

 

6,143

 

 

 

 

 

Average Interest-Earning Assets (8)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in millions of dollars)

254,211

 

 

259,137

 

 

261,741

 

 

264,156

 

265,648

 

 

274,913

 

 

277,068

 

 

270,718

 

 

272,727

 

 

270,308

 

 

263,718

 

 

262,759

 

 

263,993

 

 

-

 

4%

(1)

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.

(2)

Excludes Retirement Business Services.

(3)

In September 2018, the definition of active brokerage accounts was standardized across all account types as accounts with activity within the preceding 270 days. This change increased active accounts by approximately 63,000.

(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.

More news and information about The Charles Schwab Corporation

Published By:

Business Wire: 13:45 GMT Wednesday 14th August 2019

Published: .

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