Schwab Reports Monthly Activity Highlights

Monday, November 14, 2016 5:45 am PST

Dateline:

SAN FRANCISCO

Public Company Information:

NYSE:
SCHW

SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of October 2016 include:

  • Net new assets brought to the company by new and existing clients in October 2016 totaled $6.1 billion.
  • Total client assets were $2.69 trillion as of month-end October, up 6% from October 2015 and down 1% compared to September 2016.
  • Average interest-earning assets on the company’s balance sheet were a record $201.9 billion in October, up 22% from October 2015 and up 1% compared to September 2016.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 330 offices and 10.1 million active brokerage accounts, 1.6 million corporate retirement plan participants, 1.1 million banking accounts, and $2.69 trillion in client assets as of October 31, 2016. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, money management, custody, and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, http://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 www.schwab.com and www.aboutschwab.com.

The Charles Schwab Corporation Monthly Activity Report For October 2016

                             
2015 2016  

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 17,664 17,720 17,425 16,466 16,517 17,685 17,774 17,787 17,930 18,432 18,401 18,308 18,142 (1 %) 3 %
Nasdaq Composite 5,054 5,109 5,007 4,614 4,558 4,870 4,775 4,948 4,843 5,162 5,213 5,312 5,189 (2 %) 3 %
Standard & Poor’s 500 2,079 2,080 2,044 1,940 1,932 2,060 2,065 2,097 2,099 2,174 2,171 2,168 2,126 (2 %) 2 %
Client Assets
(in billions of dollars)
Beginning Client Assets 2,415.9 2,539.9 2,553.3 2,513.8 2,428.3 2,433.6 2,556.7 2,576.2 2,607.2 2,622.0 2,698.2 2,710.4 2,725.3
Net New Assets (1) 10.5 17.2 15.2 8.1 10.9 13.0 1.3 16.0 9.3 9.0 10.4 10.6 6.1 (42 %) (42 %)
Net Market Gains (Losses) 113.5     (3.8 )   (54.7 )   (93.6 )   (5.6 )   110.1     18.2     15.0     5.5     67.2     1.8     4.3   (44.7 )
Total Client Assets (at month end) 2,539.9     2,553.3     2,513.8     2,428.3     2,433.6     2,556.7     2,576.2     2,607.2     2,622.0     2,698.2     2,710.4     2,725.3   2,686.7   (1 %) 6 %
 
Receiving Ongoing Advisory Services
(at month end)
Investor Services 193.3 194.5 192.6 187.3 187.9 197.9 200.3 202.7 205.0 210.2 211.7 213.4 211.3 (1 %) 9 %
Advisor Services (2) 1,072.4 1,075.6 1,061.1 1,029.9 1,032.3 1,084.0 1,093.2 1,103.7 1,110.5 1,142.3 1,149.4 1,155.4 1,140.5 (1 %) 6 %
Client Accounts
(at month end, in thousands)
Active Brokerage Accounts 9,712 9,731 9,769 9,792 9,826 9,869 9,916 9,948 9,977 9,989 10,021 10,046 10,068 - 4 %
Banking Accounts 1,029 1,033 1,033 1,039 1,045 1,047 1,053 1,060 1,065 1,074 1,083 1,088 1,092 - 6 %
Corporate Retirement Plan Participants 1,502 1,514 1,519 1,518 1,523 1,532 1,532 1,555 1,553 1,559 1,565 1,561 1,547 (1 %) 3 %
Client Activity
New Brokerage Accounts (in thousands) 88 76 98 83 84 98 103 81 87 84 96 84 84 - (5 %)
Inbound Calls (in thousands) 1,716 1,554 1,844 1,736 1,737 1,902 1,867 1,554 1,665 1,605 1,755 1,633 1,565 (4 %) (9 %)
Web Logins (in thousands) 33,574 30,488 32,156 33,268 33,283 38,078 37,854 38,000 43,220 46,217 42,627 38,237 35,429 (7 %) 6 %
Client Cash as a Percentage of Client Assets (3) 12.3 % 12.3 % 13.0 % 13.7 % 13.7 % 13.1 % 12.8 % 12.7 % 12.6 % 12.5 % 12.5 % 12.5 % 12.8 % 30 bp 50 bp
Mutual Fund and Exchange-Traded Fund
Net Buys (Sells) (4, 5)
(in millions of dollars)
Large Capitalization Stock (214 ) 637 451 (162 ) (212 ) (462 ) (857 ) (799 ) 185 (1,173 ) (755 ) (1,209 ) (652 )
Small / Mid Capitalization Stock 17 (2 ) (572 ) (952 ) 58 685 (86 ) (272 ) (113 ) (320 ) (214 ) 460 (190 )
International 72 427 (918 ) 469 (28 ) 833 324 (207 ) (1,208 ) (347 ) 386 (26 ) (1 )
Specialized 667 744 (495 ) (668 ) 260 191 815 265 470 357 189 (274 ) (159 )
Hybrid (110 ) (410 ) (1,361 ) (377 ) 38 281 14 1,133 (403 ) (463 ) (219 ) 58 (432 )
Taxable Bond 628 (1,250 ) (4,020 ) 99 546 1,628 1,098 1,526 1,421 1,420 1,888 1,585 1,475
Tax-Free Bond 494 260 731 379 641 949 479 940 700 766 920 539 20
Net Buy (Sell) Activity
(in millions of dollars)
Mutual Funds (4) (910 ) (3,602 ) (10,988 ) (1,215 ) 197 1,769 (207 ) 620 (2,049 ) (1,683 ) (297 ) (656 ) (1,979 )
Exchange-Traded Funds (5) 2,464 4,008 4,804 3 1,106 2,336 1,994 1,966 3,101 1,923 2,492 1,789 2,040
Money Market Funds (451 ) 251 4,538 1,994 1,359 (2,101 ) (3,959 ) (738 ) (1,799 ) 701 (768 ) (658 ) 211
Average Interest-Earning Assets (6)
(in millions of dollars) 165,351 167,388 172,334 177,332 178,610 181,529 183,341 184,432 187,933 191,850 194,268 199,107 201,894   1 % 22 %
(1)   May 2016 includes an inflow of $2.7 billion from a mutual fund clearing services client. November 2015 includes an inflow of $10.2 billion from a mutual fund clearing services client.
(2) Excludes Retirement Business Services Trust and Corporate Brokerage Retirement Services.
(3) Schwab One®, certain cash equivalents, bank deposits and money market fund balances as a percentage of total client assets.
(4) 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.
(5) Represents the principal value of client ETF transactions handled by Schwab, including transactions in proprietary ETFs.
(6) Represents average total interest-earning assets on the Company's balance sheet.

Contact:

MEDIA:
Charles Schwab
Greg Gable, 415-667-0473
or
INVESTORS/ANALYSTS:
Charles Schwab
Jennifer Como, 415-667-0026

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