Schwab Reports Monthly Activity Highlights

Thursday, June 14, 2018 5:45 am PDT

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 May 2018 include:

  • Core net new assets brought to the company by new and existing clients in May 2018 totaled $19.4 billion. Net new assets excluding mutual fund clearing totaled $18.4 billion.
  • Total client assets were $3.38 trillion as of month-end May, up 13% from May 2017 and up 2% compared to April 2018.
  • Average interest-earning assets on the company’s balance sheet were a record $242.6 billion in May, up 13% from May 2017, and up 1% compared to April 2018.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 345 offices and 11.1 million active brokerage accounts, 1.6 million corporate retirement plan participants, 1.2 million banking accounts, and $3.38 trillion in client assets as of May 31, 2018. 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 May 2018
 
   

2017

                     2018              

Change

   

May

  

Jun

  

Jul

  

Aug

 

Sep

  

Oct

  

Nov

  

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Jan

  

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May

  

Mo.

  

Yr.

Market Indices (at month end)                                           
Dow Jones Industrial Average  21,009  21,350  21,891  21,948 22,405  23,377  24,272  24,719 26,149  25,029  24,103  24,163  24,416  1%  16%
Nasdaq Composite  6,199  6,140  6,348  6,429 6,496  6,728  6,874  6,903 7,411  7,273  7,063  7,066  7,442  5%  20%
Standard & Poor’s 500  2,412  2,423  2,470  2,472 2,519  2,575  2,648  2,674 2,824  2,714  2,641  2,648  2,705  2%  12%
Client Assets (in billions of dollars)                                           
Beginning Client Assets  2,948.8  2,995.8  3,040.6  3,099.9 3,122.3  3,181.2  3,256.5  3,318.8 3,361.8  3,480.5  3,328.8  3,305.4  3,312.1      
Net New Assets (1)  24.0  37.7  15.8  18.0 17.8  35.4  15.7  27.0 11.5  (50.5)  20.2  0.4  19.4  N/M  (19%)
Net Market Gains (Losses)  23.0  7.1  43.5  4.4 41.1  39.9  46.6  16.0 107.2  (101.2)  (43.6)  6.3  46.6      
Total Client Assets (at month end)  2,995.8  3,040.6  3,099.9  3,122.3 3,181.2  3,256.5  3,318.8  3,361.8 3,480.5  3,328.8  3,305.4  3,312.1  3,378.1  2%  13%
Core Net New Assets (2)   21.3  22.1  15.8  18.0 17.8  19.2  15.7  27.0 18.7  21.3  25.6  9.9  19.4  96%  (9%)
Receiving Ongoing Advisory Services (at month end)                                           
Investor Services  239.1  242.2  247.2  249.9 255.0  259.8  265.1  268.7 278.6  273.0  273.2  274.7  279.1  2%  17%
Advisor Services (3)  1,283.4  1,297.6  1,323.8  1,333.1 1,358.6  1,382.6  1,410.8  1,431.1 1,483.7  1,449.5  1,444.4  1,451.6  1,478.0  2%  15%
Client Accounts (at month end, in thousands)                                           
Active Brokerage Accounts (4)  10,439  10,487  10,477  10,525 10,565  10,603  10,671  10,755 10,858  10,936  11,005  11,081  11,145  1%  7%
Banking Accounts  1,138  1,143  1,154  1,167 1,176  1,181  1,192  1,197 1,210  1,218  1,221  1,230  1,240  1%  9%
Corporate Retirement Plan Participants  1,541  1,540  1,540  1,550 1,552  1,556  1,564  1,568 1,580  1,580  1,594  1,599  1,599  -  4%
Client Activity                                           
New Brokerage Accounts (in thousands)  115  117  107  123 106  117  122  147 165  138  140  141  122  (13%)  6%
Inbound Calls (in thousands)  1,727  1,736  1,683  1,823 1,709  1,988  1,804  2,046 2,303  2,005  2,145  2,034  1,852  (9%)  7%
Web Logins (in thousands)  44,024  43,790  42,236  47,290 39,639  51,454  50,583  54,486 64,488  60,830  58,906  55,980  56,234  -  28%
Client Cash as a Percentage of Client Assets (5)  11.8%  11.5%  11.3%  11.4% 11.1%  10.9%  10.8%  10.8% 10.4%  10.9%  11.0%  10.9%  10.6%  

(30) bp

  

(120) bp

Mutual Fund and Exchange-Traded Fund Net Buys (Sells) (6, 7) (in millions of dollars)

                                           
Large Capitalization Stock  134  (63)  (95)  (1,683) (138)  (51)  85  1,023 496  715  (158)  410  953      
Small / Mid Capitalization Stock  (285)  (322)  (139)  (293) 45  378  (144)  274 (125)  (167)  130  359  753      
International  3,610  3,631  2,675  1,705 1,549  1,913  2,627  1,852 4,306  2,685  1,546  809  372      
Specialized  529  647  236  279 465  655  58  424 1,569  187  326  122  (19)      
Hybrid  65  (340)  142  (272) 460  (118)  (263)  307 978  (88)  529  (541)  (241)      
Taxable Bond  3,618  3,499  3,064  3,481 3,809  3,466  2,389  2,561 3,284  155  2,117  1,661  1,002      
Tax-Free Bond  290  507  453  715 494  452  371  341 1,247  211  247  (113)  449      
Net Buy (Sell) Activity (in millions of dollars)                                           
Mutual Funds (6)  3,837  2,980  3,201  1,048 3,002  2,401  882  775 4,843  (417)  1,976  (36)  (88)      
Exchange-Traded Funds (7)  4,124  4,579  3,135  2,884 3,682  4,294  4,241  6,007 6,912  4,115  2,761  2,743  3,357      
Money Market Funds  (1,167)  (1,260)  1,022  2,105 (374)  213  1,166  2,968 (5,730)  (4,292)  (9,100)  (4,156)  (2,245)      
Average Interest-Earning Assets (8)                                           
(in millions of dollars)  215,252  214,709  212,108  214,458 216,472  219,658  223,292  228,540 234,619  239,922  241,049  239,833  242,584  1%  13%
(1)  April, March, February, and January 2018 include outflows of $9.5 billion, $5.4 billion, $71.8 billion, and $7.2 billion, respectively, from certain mutual fund clearing services clients. October and June 2017 include inflows of $16.2 billion and
   $15.6 billion, respectively, from certain mutual fund clearing services clients.
(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)  Periodically, the Company reviews its active account base. In July 2017, active brokerage accounts were reduced by approximately 48,000 as a result of low-balance 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.
N/M Not meaningful.

 

Contact:

MEDIA:
Charles Schwab
Mayura Hooper, 415-667-1525
INVESTORS/ANALYSTS:
Charles Schwab
Rich Fowler, 415-667-1841

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