Schwab Reports Monthly Activity Highlights

Monday, March 14, 2016 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 February 2016 include:

  • Net new assets brought to the company by new and existing clients in February 2016 totaled $10.9 billion.
  • Total client assets were $2.43 trillion as of month-end February, down 4% from February 2015 and flat compared to January 2016.
  • New brokerage accounts totaled 84,000 in February, up 5% from February 2015 and up 1% compared to January 2016.

About Charles Schwab

The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with more than 325 offices and 9.8 million active brokerage accounts, 1.5 million corporate retirement plan participants, 1.0 million banking accounts, and $2.43 trillion in client assets as of February 29, 2016. 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 February 2016
                             
2015 2016  

Change

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mo.

Yr.

Market Indices
(at month end)
Dow Jones Industrial Average 18,133 17,776 17,841 18,011 17,620 17,690 16,528 16,285 17,664 17,720 17,425 16,466 16,517 - (9 %)
Nasdaq Composite 4,964 4,901 4,941 5,070 4,987 5,128 4,777 4,620 5,054 5,109 5,007 4,614 4,558 (1 %) (8 %)
Standard & Poor’s 500 2,105 2,068 2,086 2,107 2,063 2,104 1,972 1,920 2,079 2,080 2,044 1,940 1,932 - (8 %)
Client Assets
(in billions of dollars)
Beginning Client Assets 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 2,513.8 2,428.3
Net New Assets (1, 2) 6.8 12.6 9.1 10.1 17.8 9.8 9.2 11.8 10.5 17.2 15.2 8.1 10.9 35 % 60 %
Net Market Gains (Losses) 79.3     (19.3 )   15.8     9.4     (43.3 )   9.4     (109.3 )   (58.3 )   113.5     (3.8 )   (54.7 )   (93.6 ) (5.6 )
Total Client Assets (at month end) 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     2,513.8     2,428.3   2,433.6   - (4 %)
 
Receiving Ongoing Advisory Services
(at month end)
Investor Services 187.8 188.4 191.0 192.8 191.4 193.3 187.2 184.9 193.3 194.5 192.6 187.3 187.9 - -
Advisor Services (3) 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 1,061.1 1,029.9 1,032.3 - (3 %)
Client Accounts
(at month end, in thousands)
Active Brokerage Accounts 9,435 9,493 9,553 9,572 9,605 9,631 9,671 9,691 9,712 9,731 9,769 9,792 9,826 - 4 %
Banking Accounts 983 986 992 1,000 1,004 1,011 1,021 1,027 1,029 1,033 1,033 1,039 1,045 1 % 6 %
Corporate Retirement Plan Participants (2) 1,475 1,474 1,469 1,469 1,474 1,483 1,488 1,492 1,502 1,514 1,519 1,518 1,523 - 3 %
Client Activity
New Brokerage Accounts (in thousands) 80 110 111 80 89 87 87 80 88 76 98 83 84 1 % 5 %
Inbound Calls (in thousands) 1,827 1,930 1,954 1,621 1,763 1,788 1,807 1,631 1,716 1,554 1,844 1,736 1,737 - (5 %)
Web Logins (in thousands) 35,379 36,278 35,966 32,112 31,644 33,498 34,167 29,550 33,574 30,488 32,156 33,268 33,283 - (6 %)
Client Cash as a Percentage of Client Assets (4) 11.9 % 12.0 % 11.5 % 11.6 % 11.7 % 11.8 % 12.6 % 12.9 % 12.3 % 12.3 % 13.0 % 13.7 % 13.7 % - 180 bp
Mutual Fund and Exchange-Traded Fund
Net Buys (Sells) (5, 6)
(in millions of dollars)
Large Capitalization Stock (1,154 ) (586 ) (1,496 ) (1,410 ) (804 ) (702 ) (664 ) (608 ) (214 ) 637 451 (162 ) (212 )
Small / Mid Capitalization Stock (12 ) 290 423 (108 ) 78 149 (540 ) (108 ) 17 (2 ) (572 ) (952 ) 58
International 3,463 4,650 3,613 2,718 2,255 947 (266 ) (560 ) 72 427 (918 ) 469 (28 )
Specialized 748 (47 ) (5 ) 25 8 410 (390 ) (643 ) 667 744 (495 ) (668 ) 260
Hybrid 138 (284 ) (210 ) (238 ) (133 ) (152 ) (1,144 ) (726 ) (110 ) (410 ) (1,361 ) (377 ) 38
Taxable Bond 2,722 924 1,075 1,757 421 (111 ) (634 ) (91 ) 628 (1,250 ) (4,020 ) 99 546
Tax-Free Bond 471 613 13 (101 ) (132 ) 156 111 35 494 260 731 379 641
Net Buy (Sell) Activity
(in millions of dollars)
Mutual Funds (5) 3,086 1,765 420 813 (725 ) (1,101 ) (4,712 ) (4,336 ) (910 ) (3,602 ) (10,988 ) (1,215 ) 197
Exchange-Traded Funds (6) 3,290 3,795 2,993 1,830 2,418 1,798 1,185 1,635 2,464 4,008 4,804 3 1,106
Money Market Funds (2,158 ) (1,362 ) (6,970 ) 421 (358 ) 2,208 4,730 (717 ) (451 ) 251 4,538 1,994 1,359
Average Interest-Earning Assets (7)
(in millions of dollars) 148,911 152,247 152,697 153,466 155,369 158,238 160,638 162,639 165,351 167,388 172,334 177,332 178,610   1 % 20 %
 
(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 and Corporate Brokerage Retirement Services.
(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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