Schwab Reports Monthly Activity Highlights
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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% fromOctober 2018 and up 2% compared toSeptember 2019 . -
New brokerage accounts were 142,000 in October, up 7% from
October 2018 and up 31% compared toSeptember 2019 .
About
The
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. |
View source version on businesswire.com: https://www.businesswire.com/news/home/20191114005208/en/
Source:
MEDIA:
Mayura Hooper
Charles Schwab
Phone: 415-667-1525
INVESTORS/ANALYSTS:
Jeff Edwards
Charles Schwab
Phone: 415-667-1524