Schwab Reports Monthly Activity Highlights

Tuesday, September 15, 2015 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 August 2015 include:

  • Net new assets brought to the company by new and existing clients in August 2015 totaled $9.2 billion.
  • Total client assets were $2.46 trillion as of month-end August, up 1% from August 2014 and down 4% compared to July 2015.
  • Average interest-earning assets on the company’s balance sheet were a record $160.6 billion in August, up 16% from August 2014 and up 2% compared to July 2015.

Commentary from the CFO

Joe Martinetto, Senior Executive Vice President and Chief Financial Officer, provides insight and commentary regarding Schwab’s financial picture at: www.aboutschwab.com/investor-relations/cfo-commentary.

About Charles Schwab

The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with more than 325 offices and 9.7 million active brokerage accounts, 1.5 million corporate retirement plan participants, 1.0 million banking accounts, and $2.46 trillion in client assets as of August 31, 2015. Through its operating subsidiaries, the company provides a full range of wealth management, 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, 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 August 2015
                               
  2014         2015               Change
  

Aug

 

Sep

 

Oct

 

Nov

 

Dec

 

Jan

 

Feb

 

Mar

 

Apr

 

May

 

Jun

 

Jul

 

Aug

 

Mo.

 

Yr.

Market Indices                              
(at month end)                              
Dow Jones Industrial Average 17,098  17,043  17,391  17,828  17,823  17,165  18,133  17,776  17,841  18,011  17,620  17,690  16,528  (7%) (3%)
Nasdaq Composite 4,580  4,493  4,631  4,792  4,736  4,635  4,964  4,901  4,941  5,070  4,987  5,128  4,777  (7%) 4%
Standard & Poor’s 500 2,003  1,972  2,018  2,068  2,059  1,995  2,105  2,068  2,086  2,107  2,063  2,104  1,972  (6%) (2%)
Client Assets                              
(in billions of dollars)                              
Beginning Client Assets 2,382.7  2,448.3  2,403.7  2,440.6  2,478.8  2,463.6  2,445.0  2,531.1  2,524.4  2,549.3  2,568.8  2,543.3  2,562.5     
Net New Assets (1, 2) 8.5  10.3  7.9  10.9  14.4  9.3  6.8  12.6  9.1  10.1  17.8  9.8  9.2  (6%) 8%
Net Market Gains (Losses) 57.1  (54.9) 29.0  27.3  (29.6) (27.9) 79.3  (19.3) 15.8  9.4  (43.3) 9.4  (109.3)    
Total Client Assets (at month end) 2,448.3  2,403.7  2,440.6  2,478.8  2,463.6  2,445.0  2,531.1  2,524.4  2,549.3  2,568.8  2,543.3  2,562.5  2,462.4  (4%) 1%
                               
Receiving Ongoing Advisory Services                              
(at month end)                              
Investor Services 180.0  177.3  180.2  183.3  182.5  181.5  187.8  188.4  191.0  192.8  191.4  193.3  187.2  (3%) 4%
Advisor Services (3) 1,035.3  1,015.3  1,032.4  1,049.0  1,045.6  1,038.4  1,065.8  1,063.4  1,071.9  1,079.3  1,066.7  1,079.0  1,039.5  (4%) - 
Client Accounts                              
(at month end, in thousands)                              
Active Brokerage Accounts 9,288  9,309  9,326  9,346  9,386  9,407  9,435  9,493  9,553  9,572  9,605  9,631  9,671  -  4%
Banking Accounts 964  970  974  979  985  978  983  986  992  1,000  1,004  1,011  1,021  1% 6%
Corporate Retirement Plan Participants (2) 1,383  1,405  1,416  1,416  1,428  1,441  1,475  1,474  1,469  1,469  1,474  1,483  1,488  -  8%
Client Activity                              
New Brokerage Accounts (in thousands) 75  76  76  70  97  84  80  110  111  80  89  87  87  -  16%
Inbound Calls (in thousands) 1,768  1,755  1,928  1,656  1,980  1,872  1,827  1,930  1,954  1,621  1,763  1,788  1,807  1% 2%
Web Logins (in thousands) 32,491  31,098  32,409  31,528  34,580  34,294  35,379  36,278  35,966  32,112  31,644  33,498  34,167  2% 5%
Client Cash as a Percentage of Client Assets (4) 11.9% 12.2% 12.1% 11.9% 12.3% 12.3% 11.9% 12.0% 11.5% 11.6% 11.7% 11.8% 12.6% 80 bp 70 bp
Mutual Fund and Exchange-Traded Fund                              
Net Buys (Sells) (5, 6)                              
(in millions of dollars)                              
Large Capitalization Stock 620  228  1,881  1,538  1,347  1,084  (1,154) (586) (1,496) (1,410) (804) (702) (664)    
Small / Mid Capitalization Stock (639) (127) (307) 91  (346) 488  (12) 290  423  (108) 78  149  (540)    
International 524  166  (20) 794  177  1,630  3,463  4,650  3,613  2,718  2,255  947  (266)    
Specialized 373  (24) 781  503  566  1,452  748  (47) (5) 25  8  410  (390)    
Hybrid 165  -  (531) (363) (687) 180  138  (284) (210) (238) (133) (152) (1,144)    
Taxable Bond 683  (3,475) 797  577  (1,914) 1,298  2,722  924  1,075  1,757  421  (111) (634)    
Tax-Free Bond 400  463  584  479  603  598  471  613  13  (101) (132) 156  111     
Net Buy (Sell) Activity                              
(in millions of dollars)                              
Mutual Funds (5) 612  (4,022) 358  254  (4,381) 3,174  3,086  1,765  420  813  (725) (1,101) (4,712)    
Exchange-Traded Funds (6) 1,514  1,253  2,827  3,365  4,127  3,556  3,290  3,795  2,993  1,830  2,418  1,798  1,185     
Money Market Funds 1,248  2,224  477  (1,643) 4,294  (2,080) (2,158) (1,362) (6,970) 421  (358) 2,208  4,730     
Average Interest-Earning Assets (7)                              
(in millions of dollars) 139,027  140,115  141,502  141,884  144,695  147,495  148,911  152,247  152,697  153,466  155,369  158,238  160,638  2% 16%

(1)

 

June 2015 includes an inflow of $8.1 billion from a mutual fund clearing services client. April 2015 includes inflows of $9.3 billion from certain mutual fund clearing service clients. February 2015 includes an outflow of $11.6 billion relating to the Company's planned resignation from an Advisor Services cash management relationship. September 2014 includes an inflow of $7.8 billion and outflow of $3.4 billion from certain mutual fund clearing service clients.

(2)

 

In February 2015, the Company increased its reported totals for overall client assets and retirement plan participants by $6.1 billion and 35,000, respectively, to reflect the final impact of the consolidation of its retirement plan recordkeeping platforms as previously announced in September 2013.

(3)

 Excludes Retirement Business Services Trust.

(4)

 Schwab One®, certain cash equivalents, bank deposits and money market fund balances as a percentage of total client assets.

(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:

MEDIA:
Charles Schwab
Greg Gable, 415-667-0473
or
INVESTORS/ANALYSTS:
Charles Schwab
Chelsea de St. Paer, 415-667-1064

Corporate Public Relations
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888-767-5432

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