Schwab Reports Monthly Activity Highlights

Monday, December 14, 2015 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 2015 include:

  • Net new assets brought to the company by new and existing clients in November 2015 totaled $17.2 billion. November 2015 net new assets included a $10.2 billion inflow related to a mutual fund clearing services client.
  • Total client assets were $2.55 trillion as of month-end November, up 3% from November 2014 and up 1% compared to October 2015.
  • Average interest-earning assets on the company’s balance sheet were a record $167.4 billion in November, up 18% from November 2014 and up 1% compared to October 2015.

Commentary from the CFO

Joe Martinetto, Senior Executive Vice President and Chief Financial Officer, provides a review of company comments regarding the potential impact of rising interest rates on Schwab’s financial picture at: http://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 $2.55 trillion in client assets as of November 30, 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 November 2015
                                                               
2014 2015  

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 17,828 17,823 17,165 18,133 17,776 17,841 18,011 17,620 17,690 16,528 16,285 17,664 17,720 - (1%)
Nasdaq Composite 4,792 4,736 4,635 4,964 4,901 4,941 5,070 4,987 5,128 4,777 4,620 5,054 5,109 1% 7%
Standard & Poor’s 500 2,068 2,059 1,995 2,105 2,068 2,086 2,107 2,063 2,104 1,972 1,920 2,079 2,080 - 1%
 
Client Assets
(in billions of dollars)
Beginning Client Assets 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 2,415.9 2,539.9
Net New Assets (1, 2) 10.9 14.4 9.3 6.8 12.6 9.1 10.1 17.8 9.8 9.2 11.8 10.5 17.2 64% 58%
Net Market Gains (Losses) 27.3     (29.6)     (27.9)     79.3     (19.3)     15.8     9.4     (43.3)     9.4     (109.3)     (58.3)     113.5   (3.8)
Total Client Assets (at month end) 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     2,415.9     2,539.9   2,553.3 1% 3%
Receiving Ongoing Advisory Services
(at month end)
Investor Services 183.3 182.5 181.5 187.8 188.4 191.0 192.8 191.4 193.3 187.2 184.9 193.3 194.5 1% 6%
Advisor Services (3) 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 1,019.9 1,072.4 1,075.6 - 3%
 
Client Accounts
(at month end, in thousands)
Active Brokerage Accounts 9,346 9,386 9,407 9,435 9,493 9,553 9,572 9,605 9,631 9,671 9,691 9,712 9,731 - 4%
Banking Accounts 979 985 978 983 986 992 1,000 1,004 1,011 1,021 1,027 1,029 1,033 - 6%
Corporate Retirement Plan Participants (2) 1,416 1,428 1,441 1,475 1,474 1,469 1,469 1,474 1,483 1,488 1,492 1,502 1,514 1% 7%
 
Client Activity
New Brokerage Accounts (in thousands) 70 97 84 80 110 111 80 89 87 87 80 88 76 (14%) 9%
Inbound Calls (in thousands) 1,656 1,980 1,872 1,827 1,930 1,954 1,621 1,763 1,788 1,807 1,631 1,716 1,554 (9%) (6%)
Web Logins (in thousands) 31,528 34,580 34,294 35,379 36,278 35,966 32,112 31,644 33,498 34,167 29,550 33,574 30,488 (9%) (3%)
Client Cash as a Percentage of Client Assets (4) 11.9% 12.3% 12.3% 11.9% 12.0% 11.5% 11.6% 11.7% 11.8% 12.6% 12.9% 12.3% 12.3%

-

40 bp

 
Mutual Fund and Exchange-Traded Fund
Net Buys (Sells) (5, 6)
(in millions of dollars)
Large Capitalization Stock 1,538 1,347 1,084 (1,154) (586) (1,496) (1,410) (804) (702) (664) (608) (214) 637
Small / Mid Capitalization Stock 91 (346) 488 (12) 290 423 (108) 78 149 (540) (108) 17 (2)
International 794 177 1,630 3,463 4,650 3,613 2,718 2,255 947 (266) (560) 72 427
Specialized 503 566 1,452 748 (47) (5) 25 8 410 (390) (643) 667 744
Hybrid (363) (687) 180 138 (284) (210) (238) (133) (152) (1,144) (726) (110) (410)
Taxable Bond 577 (1,914) 1,298 2,722 924 1,075 1,757 421 (111) (634) (91) 628 (1,250)
Tax-Free Bond 479 603 598 471 613 13 (101) (132) 156 111 35 494 260
 
Net Buy (Sell) Activity
(in millions of dollars)
Mutual Funds (5) 254 (4,381) 3,174 3,086 1,765 420 813 (725) (1,101) (4,712) (4,336) (910) (3,602)
Exchange-Traded Funds (6) 3,365 4,127 3,556 3,290 3,795 2,993 1,830 2,418 1,798 1,185 1,635 2,464 4,008
Money Market Funds (1,643) 4,294 (2,080) (2,158) (1,362) (6,970) 421 (358) 2,208 4,730 (717) (451) 251
 
Average Interest-Earning Assets (7)
(in millions of dollars) 141,884 144,695 147,495 148,911 152,247 152,697 153,466 155,369 158,238 160,638 162,639 165,351 167,388 1% 18%
(1)  

November 2015 includes an inflow of $10.2 billion from a mutual fund clearing services client. September 2015 includes an inflow of $4.9 billion from a mutual fund clearing services client. 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.

(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
Rich Fowler, 415-667-1841

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