Schwab Reports Monthly Activity Highlights

Friday, December 12, 2014 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 November 2014 include:

  • Net new assets brought to the company by new and existing clients in November 2014 totaled $10.9 billion.
  • Total client assets were a record $2.48 trillion as of month-end November, up 12% from November 2013 and up 2% compared to October 2014.
  • Client assets receiving ongoing advisory services were also a record $1.23 trillion as of month-end November, up 14% from November 2013 and up 2% compared to October 2014.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 325 offices and 9.3 million active brokerage accounts, 1.4 million corporate retirement plan participants, 979,000 banking accounts, and $2.48 trillion in client assets as of November 30, 2014. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, 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 November 2014
       

2013

2014  

Change

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Mo.

Yr.

Market Indices
(at month end)
Dow Jones Industrial Average 16,086 16,577 15,699 16,322 16,458 16,581 16,717 16,827 16,563 17,098 17,043 17,391 17,828 3% 11%
Nasdaq Composite 4,060 4,177 4,104 4,308 4,199 4,115 4,243 4,408 4,370 4,580 4,493 4,631 4,792 3% 18%
Standard & Poor’s 500 1,806 1,848 1,783 1,859 1,872 1,884 1,924 1,960 1,931 2,003 1,972 2,018 2,068 2% 15%
Client Assets
(in billions of dollars)
Beginning Client Assets 2,177.2 2,217.1 2,249.4 2,217.4 2,294.3 2,308.0 2,312.9 2,354.2 2,401.9 2,382.7 2,448.3 2,403.7 2,440.6
Net New Assets (1) 11.7 9.9 11.9 10.9 11.4 0.3 10.9 11.5 15.9 8.5 10.3 7.9 10.9 38% (7%)
Net Market Gains (Losses) 28.2   22.4   (43.9)   66.0   2.3   4.6   30.4   36.2   (35.1)   57.1   (54.9)   29.0   27.3
Total Client Assets (at month end) 2,217.1   2,249.4   2,217.4   2,294.3   2,308.0   2,312.9   2,354.2   2,401.9   2,382.7   2,448.3   2,403.7   2,440.6   2,478.8 2% 12%
 
Receiving Ongoing Advisory Services
(at month end)
Investor Services 152.1 155.1 153.0 158.3 159.2 160.6 163.7 176.5 175.1 180.0 177.3 180.2 183.3 2% 21%
Advisor Services (2) 932.2 946.3 934.1 966.4 973.5 977.4 995.3 1,014.9 1,007.2 1,035.3 1,015.3 1,032.4 1,049.0 2% 13%
Client Accounts
(at month end, in thousands)
Active Brokerage Accounts 9,055 9,093 9,119 9,146 9,178 9,217 9,228 9,252 9,269 9,288 9,309 9,326 9,346 - 3%
Banking Accounts 922 916 923 928 933 938 944 950 956 964 970 974 979 1% 6%
Corporate Retirement Plan Participants 1,301 1,305 1,325 1,327 1,338 1,344 1,346 1,344 1,381 1,383 1,405 1,416 1,416 - 9%
Client Activity
New Brokerage Accounts (in thousands) 76 93 90 78 90 95 71 76 78 75 76 76 70 (8%) (8%)
Inbound Calls (in thousands) 1,803 1,961 2,048 1,846 1,961 1,938 1,691 1,806 1,873 1,768 1,755 1,928 1,656 (14%) (8%)
Web Logins (in thousands) 30,832 31,751 35,348 33,394 34,200 34,254 32,165 32,768 33,426 32,491 31,098 32,409 31,528 (3%) 2%
Cash as a Percentage of Client Assets (3) 13.0% 13.1% 13.2% 12.7% 12.7% 12.4% 12.2% 11.9% 12.1% 11.9% 12.2% 12.1% 11.9% (20) bp (110) bp
Mutual Fund and Exchange-Traded Fund
Net Buys (Sells) (4, 5, 6)
(in millions of dollars)
Large Capitalization Stock 929 942 226 (33) 676 95 129 311 773 620 228 1,881 1,538
Small / Mid Capitalization Stock 227 400 373 (381) 680 (430) (564) 220 (355) (639) (127) (307) 91
International 1,535 1,403 1,782 891 1,028 1,665 1,240 2,137 817 524 166 (20) 794
Specialized 386 (278) 1,213 1,183 912 609 377 1,690 1,082 373 (24) 781 503
Hybrid 82 301 447 599 107 230 406 201 532 165 - (531) (363)
Taxable Bond 563 (963) 1,256 3,208 1,344 449 1,346 606 92 683 (3,475) 797 577
Tax-Free Bond (144) (354) 464 429 474 246 584 516 277 400 463 584 479
Net Buy (Sell) Activity
(in millions of dollars)
Mutual Funds (5) 1,407 (480) 4,838 3,658 3,611 1,312 2,236 3,313 1,804 612 (4,022) 358 254
Exchange-Traded Funds (6) 2,171 1,930 923 2,237 1,612 1,553 1,284 2,368 1,414 1,514 1,253 2,827 3,365
Money Market Funds 616 3,429 (986) (318) (135) (4,141) (561) (1,664) 1,493 1,248 2,224 477 (1,643)
Average Interest-Earning Assets (7)
(in millions of dollars) 135,090 136,046 137,029 136,947 137,625 137,164 136,588 137,328 137,785 139,027 140,115 141,502 141,884 - 5%
 
(1) September 2014 includes an inflow of $7.8 billion and outflow of $3.4 billion from certain mutual fund clearing services clients. July 2014 and November 2013 include inflows of $2.4 billion and $2.5 billion, respectively, from certain mutual fund clearing services clients.
(2) Excludes Retirement Business Services Trust.
(3) Schwab One®, other cash equivalents, deposits from banking clients and money market fund balances as a percentage of total client assets.
(4) Beginning in March 2014, amounts include both mutual fund and exchange-traded fund (ETF) transactions. Prior period amounts have been recast to reflect this change.
(5) 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.
(6) Represents the principal value of client ETF transactions handled by Schwab, including transactions in proprietary ETFs.
(7) Represents total interest-earning assets on the Company's balance sheet.

Contact:

Charles Schwab
MEDIA:
Greg Gable, 415-667-0473
INVESTORS/ANALYSTS:
Rich Fowler, 415-667-1841

Corporate Public Relations
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888-767-5432

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