Schwab Reports Monthly Activity Highlights
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201113005148/en/
-
Core net new assets brought to the company by new and existing clients totaled
$25.6 billion . Core net new assets excluding mutual fund clearing totaled$25.7 billion . -
Total client assets were
$5.88 trillion as of month-end October, up 53% fromOctober 2019 and up 34% compared toSeptember 2020 . -
Average interest-earning assets on the company’s balance sheet were
$442.1 billion in October, up 66% fromOctober 2019 and up 13% compared toSeptember 2020 .
Prior to the closing of the acquisition on
- Daily Average Trades (DATs): 3,932 thousand
-
Net New Assets:
$1.0 billion - New brokerage accounts: 32 thousand
Please note that while these standalone TD Ameritrade metrics are not included within the October Monthly Activity Report table, all metrics have been calculated using Schwab’s methodologies.
About Charles Schwab
The Charles Schwab Corporation Monthly Activity Report For |
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2019 |
2020 |
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 |
27,046 |
|
28,051 |
|
28,538 |
|
28,256 |
|
25,409 |
|
21,917 |
|
24,346 |
|
25,383 |
|
25,813 |
|
26,428 |
|
28,430 |
|
27,782 |
|
26,502 |
|
(5%) |
|
(2%) |
||||||||||||||||
Nasdaq Composite |
8,292 |
|
8,665 |
|
8,973 |
|
9,151 |
|
8,567 |
|
7,700 |
|
8,890 |
|
9,490 |
|
10,059 |
|
10,745 |
|
11,775 |
|
11,168 |
|
10,912 |
|
(2%) |
|
32% |
||||||||||||||||
Standard & Poor’s 500 |
3,038 |
|
3,141 |
|
3,231 |
|
3,226 |
|
2,954 |
|
2,585 |
|
2,912 |
|
3,044 |
|
3,100 |
|
3,271 |
|
3,500 |
|
3,363 |
|
3,270 |
|
(3%) |
|
8% |
||||||||||||||||
Client Assets (in billions of dollars) |
|
|
|
||||||||||||||||||||||||||||||||||||||||||
Beginning Client Assets |
3,768.4 |
|
3,854.6 |
|
3,942.2 |
|
4,038.8 |
|
4,051.6 |
|
3,862.8 |
|
3,496.9 |
|
3,778.3 |
|
4,009.0 |
|
4,110.1 |
|
4,278.0 |
|
4,489.7 |
|
4,395.3 |
|
|
|
|
||||||||||||||||
Net New Assets (1) |
35.2 |
|
12.0 |
|
30.1 |
|
20.9 |
|
24.4 |
|
27.9 |
|
15.3 |
|
97.5 |
|
24.6 |
|
11.2 |
|
20.0 |
|
20.0 |
|
1,596.9 |
|
N/M |
|
N/M |
||||||||||||||||
|
51.0 |
|
75.6 |
|
66.5 |
|
(8.1 |
) |
(213.2 |
) |
(393.8 |
) |
266.1 |
|
133.2 |
|
76.5 |
|
156.7 |
|
191.7 |
|
(114.4 |
) |
(113.7 |
) |
|
|
|
||||||||||||||||
Total Client Assets (at month end) |
3,854.6 |
|
3,942.2 |
|
4,038.8 |
|
4,051.6 |
|
3,862.8 |
|
3,496.9 |
|
3,778.3 |
|
4,009.0 |
|
4,110.1 |
|
4,278.0 |
|
4,489.7 |
|
4,395.3 |
|
5,878.5 |
|
34% |
|
53% |
||||||||||||||||
Core Net New Assets (2) |
24.1 |
|
12.0 |
|
30.1 |
|
20.9 |
|
24.4 |
|
27.9 |
|
15.3 |
|
17.6 |
|
13.7 |
|
2.7 |
|
20.0 |
|
20.0 |
|
25.6 |
|
28% |
|
6% |
||||||||||||||||
Receiving Ongoing Advisory Services (at month end) |
|
|
|
||||||||||||||||||||||||||||||||||||||||||
Investor Services |
324.6 |
|
330.8 |
|
337.1 |
|
336.8 |
|
323.2 |
|
291.5 |
|
309.9 |
|
339.8 |
|
345.2 |
|
355.6 |
|
366.8 |
|
361.2 |
|
378.8 |
|
5% |
|
17% |
||||||||||||||||
Advisor Services (3) |
1,691.6 |
|
1,728.2 |
|
1,769.7 |
|
1,773.2 |
|
1,694.0 |
|
1,531.3 |
|
1,647.9 |
|
1,711.7 |
|
1,747.5 |
|
1,818.5 |
|
1,900.5 |
|
1,870.1 |
|
2,552.0 |
|
36% |
|
51% |
||||||||||||||||
Client Accounts (at month end, in thousands) |
|
|
|
||||||||||||||||||||||||||||||||||||||||||
Active Brokerage Accounts |
12,189 |
|
12,247 |
|
12,333 |
|
12,431 |
|
12,521 |
|
12,736 |
|
12,866 |
|
14,007 |
|
14,107 |
|
14,220 |
|
14,311 |
|
14,393 |
|
29,013 |
|
102% |
|
138% |
||||||||||||||||
Banking Accounts |
1,374 |
|
1,384 |
|
1,390 |
|
1,403 |
|
1,411 |
|
1,426 |
|
1,439 |
|
1,448 |
|
1,463 |
|
1,480 |
|
1,493 |
|
1,486 |
|
1,496 |
|
1% |
|
9% |
||||||||||||||||
Corporate Retirement Plan Participants |
1,735 |
|
1,743 |
|
1,748 |
|
1,732 |
|
1,726 |
|
1,721 |
|
1,696 |
|
1,714 |
|
1,716 |
|
1,712 |
|
1,715 |
|
1,722 |
|
2,072 |
|
20% |
|
19% |
||||||||||||||||
Client Activity |
|
|
|
||||||||||||||||||||||||||||||||||||||||||
New Brokerage Accounts (in thousands) (4) |
142 |
|
127 |
|
164 |
|
167 |
|
159 |
|
283 |
|
201 |
|
1,250 |
|
201 |
|
206 |
|
202 |
|
184 |
|
14,718 |
|
N/M |
|
N/M |
||||||||||||||||
Client Cash as a Percentage of Client Assets (5) |
11.3 |
% |
11.3 |
% |
11.3 |
% |
11.3 |
% |
12.0 |
% |
15.1 |
% |
14.3 |
% |
14.0 |
% |
13.6 |
% |
13.0 |
% |
12.5 |
% |
12.8 |
% |
13.4 |
% |
60 bp |
|
210 bp |
||||||||||||||||
Derivative Trades as a Percentage of Total Trades |
12.0 |
% |
11.7 |
% |
10.7 |
% |
12.0 |
% |
11.5 |
% |
7.0 |
% |
10.2 |
% |
12.2 |
% |
10.6 |
% |
13.1 |
% |
13.8 |
% |
14.5 |
% |
20.5 |
% |
600 bp |
|
850 bp |
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|
|
|
|
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|
|
|
|
||||||||||||||||||||||||||||||||||||||||||
Large Capitalization Stock |
900 |
|
1,406 |
|
991 |
|
845 |
|
(178 |
) |
984 |
|
(693 |
) |
(768 |
) |
(1,254 |
) |
(2,536 |
) |
(1,422 |
) |
(1,360 |
) |
(935 |
) |
|
|
|
||||||||||||||||
Small / Mid Capitalization Stock |
(458 |
) |
73 |
|
201 |
|
(314 |
) |
(531 |
) |
(954 |
) |
151 |
|
(401 |
) |
(1,063 |
) |
(1,476 |
) |
(441 |
) |
(497 |
) |
(753 |
) |
|
|
|
||||||||||||||||
International |
340 |
|
735 |
|
993 |
|
1,360 |
|
132 |
|
(2,116 |
) |
(2,207 |
) |
(1,953 |
) |
(1,580 |
) |
(773 |
) |
230 |
|
370 |
|
168 |
|
|
|
|
||||||||||||||||
Specialized |
618 |
|
484 |
|
455 |
|
762 |
|
397 |
|
333 |
|
2,059 |
|
1,512 |
|
1,020 |
|
1,505 |
|
906 |
|
115 |
|
215 |
|
|
|
|
||||||||||||||||
Hybrid |
(202 |
) |
(290 |
) |
(96 |
) |
615 |
|
(257 |
) |
(4,790 |
) |
(860 |
) |
(518 |
) |
(97 |
) |
(769 |
) |
(124 |
) |
(12 |
) |
(553 |
) |
|
|
|
||||||||||||||||
Taxable Bond |
2,813 |
|
2,274 |
|
4,710 |
|
5,714 |
|
3,830 |
|
(23,142 |
) |
1,642 |
|
5,469 |
|
9,215 |
|
7,314 |
|
7,680 |
|
5,734 |
|
5,904 |
|
|
|
|
||||||||||||||||
Tax-Free Bond |
809 |
|
860 |
|
1,255 |
|
1,481 |
|
1,066 |
|
(5,229 |
) |
(242 |
) |
805 |
|
1,710 |
|
1,297 |
|
1,648 |
|
1,123 |
|
861 |
|
|
|
|
||||||||||||||||
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||
Mutual Funds (6) |
(473 |
) |
(761 |
) |
1,097 |
|
2,684 |
|
(565 |
) |
(34,382 |
) |
(3,863 |
) |
(564 |
) |
1,768 |
|
(147 |
) |
2,568 |
|
757 |
|
(2,260 |
) |
|
|
|
||||||||||||||||
Exchange-Traded Funds (7) |
5,293 |
|
6,303 |
|
7,412 |
|
7,779 |
|
5,024 |
|
(532 |
) |
3,713 |
|
4,710 |
|
6,183 |
|
4,709 |
|
5,909 |
|
4,716 |
|
7,167 |
|
|
|
|
||||||||||||||||
Money Market Funds |
7,059 |
|
4,768 |
|
1,515 |
|
1,911 |
|
1,312 |
|
(1,233 |
) |
8,465 |
|
4,833 |
|
(5,673 |
) |
(9,039 |
) |
(5,614 |
) |
(6,627 |
) |
(4,021 |
) |
|
|
|
||||||||||||||||
Selected Average Assets (in millions of dollars) |
|
|
|
||||||||||||||||||||||||||||||||||||||||||
Average Interest-Earning Assets (8,9) |
266,089 |
|
268,254 |
|
274,911 |
|
279,437 |
|
278,966 |
|
317,850 |
|
353,018 |
|
361,814 |
|
373,986 |
|
379,521 |
|
384,690 |
|
392,784 |
|
442,119 |
|
13% |
|
66% |
||||||||||||||||
Average Bank Deposit Account Assets (9,10) |
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
132,030 |
|
N/M |
|
N/M |
(1) |
|
|
(2) |
Net new assets before significant one-time inflows or outflows, such as acquisitions/divestitures or extraordinary flows (generally greater than |
|
(3) |
Excludes Retirement Business Services. | |
(4) |
|
|
(5) |
|
|
(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. | |
(9) |
|
|
(10) |
Represents average TD Ameritrade clients’ uninvested cash sweep account balances held in deposit accounts at third-party financial institutions. | |
N/M - Not meaningful |
View source version on businesswire.com: https://www.businesswire.com/news/home/20201113005148/en/
MEDIA:
Charles Schwab
Phone: 415-667-1525
INVESTORS/ANALYSTS:
Charles Schwab
Phone: 415-667-1524
Source:
MEDIA:
Mayura Hooper
Charles Schwab
Phone: 415-667-1525
INVESTORS/ANALYSTS:
Jeff Edwards
Charles Schwab
Phone: 415-667-1524