Schwab Reports Monthly Activity Highlights

Friday, December 14, 2018 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 2018 include:

  • Core net new assets brought to the company by new and existing clients in November 2018 totaled $15.6 billion. Net new assets excluding mutual fund clearing totaled $15.0 billion.
  • Total client assets were $3.43 trillion as of month-end November, up 3% from November 2017 and up 1% compared to October 2018.
  • Average interest-earning assets on the company’s balance sheet were a record $265.6 billion in November, up 19% from November 2017 and up 1% compared to October 2018.
 
The Charles Schwab Corporation Monthly Activity Report For November 2018
 
    2017     2018                        

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 24,272 24,719 26,149 25,029 24,103 24,163 24,416 24,271 25,415 25,965 26,458 25,116 25,538 2% 5%
Nasdaq Composite 6,874 6,903 7,411 7,273 7,063 7,066 7,442 7,510 7,672 8,110 8,046 7,306 7,331 0% 7%
Standard & Poor’s 500 2,648 2,674 2,824 2,714 2,641 2,648 2,705 2,718 2,816 2,902 2,914 2,712 2,760 2% 4%
Client Assets (in billions of dollars)
Beginning Client Assets 3,256.5 3,318.8 3,361.8 3,480.5 3,328.8 3,305.4 3,312.1 3,378.1 3,397.0 3,477.9 3,555.9 3,563.7 3,388.1
Net New Assets (1) 15.7 27.0 11.5 (50.5) 20.2 0.4 19.4 24.1 16.3 20.8 16.4 14.9 15.6 5% (1%)
Net Market Gains (Losses) 46.6   16.0   107.2   (101.2)   (43.6)   6.3   46.6   (5.2)   64.6   57.2   (8.6)   (190.5)   28.2
Total Client Assets (at month end) 3,318.8   3,361.8   3,480.5   3,328.8   3,305.4   3,312.1   3,378.1   3,397.0   3,477.9   3,555.9   3,563.7   3,388.1   3,431.9 1% 3%
Core Net New Assets (2) 15.7 27.0 18.7 21.3 25.6 9.9 19.4 24.1 16.3 20.8 16.4 14.9 15.6 5% (1%)
Receiving Ongoing Advisory Services (at month end)
Investor Services 265.1 268.7 278.6 273.0 273.2 274.7 279.1 280.0 287.0 292.0 292.7 280.3 284.7 2% 7%
Advisor Services (3) 1,410.8 1,431.1 1,483.7 1,449.5 1,444.4 1,451.6 1,478.0 1,488.7 1,525.5 1,555.3 1,559.2 1,485.8 1,510.1 2% 7%
Client Accounts (at month end, in thousands)
Active Brokerage Accounts (4) 10,671 10,755 10,858 10,936 11,005 11,081 11,145 11,202 11,243 11,310 11,423 11,479 11,529 0% 8%
Banking Accounts 1,192 1,197 1,210 1,218 1,221 1,230 1,240 1,250 1,262 1,274 1,283 1,289 1,297 1% 9%
Corporate Retirement Plan Participants 1,564 1,568 1,580 1,580 1,594 1,599 1,599 1,599 1,611 1,621 1,627 1,634 1,639 0% 5%
Client Activity
New Brokerage Accounts (in thousands) 122 147 165 138 140 141 122 121 118 132 119 133 115 (14%) (6%)
Inbound Calls (in thousands) 1,804 2,046 2,303 2,005 2,145 2,034 1,852 1,814 1,849 1,964 1,715 1,976 1,681 (15%) (7%)
Web Logins (in thousands) 50,583 54,486 64,488 60,830 58,906 55,980 56,234 56,491 57,137 62,797 53,923 59,261 54,654 (8%) 8%
Client Cash as a Percentage of Client Assets (5) 10.8% 10.8% 10.4% 10.9% 11.0% 10.9% 10.6% 10.7% 10.5% 10.4% 10.3% 11.1% 11.2% 10 bp 40 bp
Mutual Fund and Exchange-Traded Fund
Net Buys (Sells) (6, 7) (in millions of dollars)
Large Capitalization Stock 85 1,023 496 715 (158) 410 953 981 486 918 311 308 331
Small / Mid Capitalization Stock (144) 274 (125) (167) 130 359 753 1,195 768 (186) 151 (1,344) (456)
International 2,627 1,852 4,306 2,685 1,546 809 372 (498) (529) 186 (88) (109) (418)
Specialized 58 424 1,569 187 326 122 (19) 383 520 (245) 73 (914) (397)
Hybrid (263) 307 978 (88) 529 (541) (241) (288) (548) (678) (324) (1,313) (1,248)
Taxable Bond 2,389 2,561 3,284 155 2,117 1,661 1,002 928 879 965 1,371 (351) (836)
Tax-Free Bond 371 341 1,247 211 247 (113) 449 588 306 559 262 (591) (407)
Net Buy (Sell) Activity (in millions of dollars)
Mutual Funds (6) 882 775 4,843 (417) 1,976 (36) (88) 555 (522) (1,936) (1,538) (5,734) (7,955)
Exchange-Traded Funds (7) 4,241 6,007 6,912 4,115 2,761 2,743 3,357 2,734 2,404 3,455 3,294 1,420 4,524
Money Market Funds 1,166 2,968 (5,730) (4,292) (9,100) (4,156) (2,245) (4,919) (4,801) 704 (1,933) 2,546 8,515
Average Interest-Earning Assets (8)
(in millions of dollars) 223,292 228,540 234,619 239,922 241,049 239,833 242,584 249,432 254,211 259,137 261,741 264,156 265,648 1% 19%
 
(1)   April, March, February, and January 2018 include outflows of $9.5 billion, $5.4 billion, $71.8 billion, and $7.2 billion, respectively, from certain mutual fund clearing services clients.
(2) Net new assets before significant one-time inflows or outflows, such as acquisitions/divestitures or extraordinary flows (generally greater than $10 billion) relating to a specific client. These flows may span multiple reporting periods.
(3) Excludes Retirement Business Services.
(4) In September 2018, the definition of active brokerage accounts was standardized across all account types as accounts with activity within the preceding 270 days. This change increased active accounts by approximately 63,000.
(5) Schwab One®, certain cash equivalents, bank deposits and money market fund balances as a percentage of total client assets.
(6) 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.
(7) Represents the principal value of client ETF transactions handled by Schwab, including transactions in proprietary ETFs.
(8) Represents average total interest-earning assets on the company's balance sheet.
 

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 350 offices and 11.5 million active brokerage accounts, 1.6 million corporate retirement plan participants, 1.3 million banking accounts, and $3.43 trillion in client assets as of November 30, 2018. 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, 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.

Contact:

MEDIA:
Mayura Hooper
Charles Schwab
Phone: 415-667-1525

INVESTORS/ANALYSTS:
Rich Fowler
Charles Schwab
Phone: 415-667-1841

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