Schwab Reports Monthly Activity Highlights

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

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• 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
				Oct			Nov			Dec			Jan			Feb			Mar			Apr			May			Jun			Jul			Aug			Sep			Oct			Mo.			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.

 

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