Schwab Reports Monthly Activity Highlights

Tuesday, June 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 May 2016 include:

  • Net new assets brought to the company by new and existing clients in May 2016 totaled $16.0 billion.
  • Total client assets were a record $2.61 trillion as of month-end May, up 1% from May 2015 and up 1% compared to April 2016.
  • Client assets receiving ongoing advisory services were also a record $1.31 trillion as of month-end May, up 3% from May 2015 and up 1% compared to April 2016.

About Charles Schwab

The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with more than 325 offices and 9.9 million active brokerage accounts, 1.6 million corporate retirement plan participants, 1.1 million banking accounts, and $2.61 trillion in client assets as of May 31, 2016. 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 2016
             
2015 2016  

Change

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Mo.

Yr.

Market Indices
(at month end)
Dow Jones Industrial Average 18,011 17,620 17,690 16,528 16,285 17,664 17,720 17,425 16,466 16,517 17,685 17,774 17,787 - (1 %)
Nasdaq Composite 5,070 4,987 5,128 4,777 4,620 5,054 5,109 5,007 4,614 4,558 4,870 4,775 4,948 4 % (2 %)
Standard & Poor’s 500 2,107 2,063 2,104 1,972 1,920 2,079 2,080 2,044 1,940 1,932 2,060 2,065 2,097 2 % -
Client Assets
(in billions of dollars)
Beginning Client Assets 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 2,556.7 2,576.2
Net New Assets (1) 10.1 17.8 9.8 9.2 11.8 10.5 17.2 15.2 8.1 10.9 13.0 1.3 16.0 N/M 58 %
Net Market Gains (Losses) 9.4     (43.3 )   9.4     (109.3 )   (58.3 )   113.5     (3.8 )   (54.7 )   (93.6 )   (5.6 )   110.1     18.2   15.0  
Total Client Assets (at month end) 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     2,556.7     2,576.2   2,607.2   1 % 1 %
 
Receiving Ongoing Advisory Services
(at month end)
Investor Services 192.8 191.4 193.3 187.2 184.9 193.3 194.5 192.6 187.3 187.9 197.9 200.3 202.7 1 % 5 %
Advisor Services (2) 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 1,084.0 1,093.2 1,103.7 1 % 2 %
Client Accounts
(at month end, in thousands)
Active Brokerage Accounts 9,572 9,605 9,631 9,671 9,691 9,712 9,731 9,769 9,792 9,826 9,869 9,916 9,948 - 4 %
Banking Accounts 1,000 1,004 1,011 1,021 1,027 1,029 1,033 1,033 1,039 1,045 1,047 1,053 1,060 1 % 6 %
Corporate Retirement Plan Participants 1,469 1,474 1,483 1,488 1,492 1,502 1,514 1,519 1,518 1,523 1,532 1,532 1,555 2 % 6 %
Client Activity
New Brokerage Accounts (in thousands) 80 89 87 87 80 88 76 98 83 84 98 103 81 (21 %) 1 %
Inbound Calls (in thousands) 1,621 1,763 1,788 1,807 1,631 1,716 1,554 1,844 1,736 1,737 1,902 1,867 1,554 (17 %) (4 %)
Web Logins (in thousands) 32,112 31,644 33,498 34,167 29,550 33,574 30,488 32,156 33,268 33,283 38,078 37,854 38,000 - 18 %
Client Cash as a Percentage of Client Assets (3) 11.6 % 11.7 % 11.8 % 12.6 % 12.9 % 12.3 % 12.3 % 13.0 % 13.7 % 13.7 % 13.1 % 12.8 % 12.7 % (10) bp 110 bp
Mutual Fund and Exchange-Traded Fund
Net Buys (Sells) (4, 5)
(in millions of dollars)
Large Capitalization Stock (1,410 ) (804 ) (702 ) (664 ) (608 ) (214 ) 637 451 (162 ) (212 ) (462 ) (857 ) (799 )
Small / Mid Capitalization Stock (108 ) 78 149 (540 ) (108 ) 17 (2 ) (572 ) (952 ) 58 685 (86 ) (272 )
International 2,718 2,255 947 (266 ) (560 ) 72 427 (918 ) 469 (28 ) 833 324 (207 )
Specialized 25 8 410 (390 ) (643 ) 667 744 (495 ) (668 ) 260 191 815 265
Hybrid (238 ) (133 ) (152 ) (1,144 ) (726 ) (110 ) (410 ) (1,361 ) (377 ) 38 281 14 1,133
Taxable Bond 1,757 421 (111 ) (634 ) (91 ) 628 (1,250 ) (4,020 ) 99 546 1,628 1,098 1,526
Tax-Free Bond (101 ) (132 ) 156 111 35 494 260 731 379 641 949 479 940
Net Buy (Sell) Activity
(in millions of dollars)
Mutual Funds (4) 813 (725 ) (1,101 ) (4,712 ) (4,336 ) (910 ) (3,602 ) (10,988 ) (1,215 ) 197 1,769 (207 ) 620
Exchange-Traded Funds (5) 1,830 2,418 1,798 1,185 1,635 2,464 4,008 4,804 3 1,106 2,336 1,994 1,966
Money Market Funds 421 (358 ) 2,208 4,730 (717 ) (451 ) 251 4,538 1,994 1,359 (2,101 ) (3,959 ) (738 )
Average Interest-Earning Assets (6)
(in millions of dollars) 153,466 155,369 158,238 160,638 162,639 165,351 167,388 172,334 177,332 178,610 181,529 183,341 184,432   1 % 20 %
(1)  

May 2016 includes an inflow of $2.7 billion from a mutual fund clearing services client. November, September and June 2015 include inflows of $10.2 billion, $4.9 billion and $8.1 billion, respectively, from certain mutual fund clearing services clients.

(2) Excludes Retirement Business Services Trust and Corporate Brokerage Retirement Services.
(3) Schwab One®, certain cash equivalents, bank deposits and money market fund balances as a percentage of total client assets.
(4) 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.
(5) Represents the principal value of client ETF transactions handled by Schwab, including transactions in proprietary ETFs.
(6) Represents total interest-earning assets on the Company's balance sheet.
N/M Not meaningful.

Contact:

MEDIA:
Charles Schwab
Sarah Bulgatz, 415-667-0328
or
INVESTORS/ANALYSTS:
Charles Schwab
Rich Fowler, 415-667-1841

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