The Charles Schwab Corporation released its Monthly Activity Report
today. Company highlights for the month of October 2017 include:
-
Net new assets brought to the company by new and existing clients in
October 2017 totaled $35.4 billion.
-
Total client assets were a record $3.26 trillion as of month-end
October, up 21% from October 2016 and up 2% compared to September 2017.
-
Client assets receiving ongoing advisory services were also a record
$1.64 trillion as of month-end October, up 21% from October 2016 and
up 2% compared to September 2017.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of
financial services, with more than 345 offices and 10.6 million active
brokerage accounts, 1.6 million corporate retirement plan participants,
1.2 million banking accounts, and $3.26 trillion in client assets as of
October 31, 2017. 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.
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The Charles Schwab Corporation Monthly Activity Report For
October 2017
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2016
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2017
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Change
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Oct
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Nov
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Dec
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Jan
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Feb
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Mar
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Apr
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May
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Jun
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Jul
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Aug
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Sep
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Oct
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Mo.
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Yr.
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Market Indices
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(at month end)
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Dow Jones Industrial Average
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18,142
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19,124
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19,763
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19,864
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20,812
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20,663
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20,941
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21,009
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21,350
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21,891
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21,948
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22,405
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23,377
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4
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%
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29
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%
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Nasdaq Composite
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5,189
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5,324
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5,383
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5,615
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5,825
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5,912
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6,048
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6,199
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6,140
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6,348
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6,429
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6,496
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6,728
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4
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%
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30
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%
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Standard & Poor’s 500
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2,126
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2,199
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2,239
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2,279
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2,364
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2,363
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2,384
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2,412
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2,423
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2,470
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2,472
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2,519
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2,575
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2
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%
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21
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%
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Client Assets
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(in billions of dollars)
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Beginning Client Assets
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2,725.3
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2,686.7
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2,734.6
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2,779.5
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2,831.3
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2,895.2
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2,922.5
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2,948.8
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2,995.8
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3,040.6
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3,099.9
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3,122.3
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3,181.2
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Net New Assets (1)
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6.1
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11.9
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18.9
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11.1
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6.6
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21.2
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2.8
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24.0
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37.7
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15.8
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18.0
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17.8
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35.4
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99
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%
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N/M
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Net Market (Losses) Gains
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(44.7
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)
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36.0
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26.0
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40.7
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57.3
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6.1
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23.5
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23.0
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7.1
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43.5
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4.4
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41.1
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39.9
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Total Client Assets (at month end)
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2,686.7
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2,734.6
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2,779.5
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2,831.3
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2,895.2
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2,922.5
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2,948.8
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2,995.8
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3,040.6
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3,099.9
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3,122.3
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3,181.2
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3,256.5
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2
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%
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21
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%
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Receiving Ongoing Advisory Services
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(at month end)
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Investor Services
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211.3
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213.2
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217.1
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220.8
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227.9
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230.9
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234.4
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239.1
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242.2
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247.2
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249.9
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255.0
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259.8
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2
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%
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23
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%
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Advisor Services (2)
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1,140.5
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1,161.8
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1,184.3
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1,208.4
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1,239.0
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1,250.9
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1,262.7
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1,283.4
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1,297.6
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1,323.8
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1,333.1
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1,358.6
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1,382.6
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2
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%
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21
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%
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Client Accounts
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(at month end, in thousands)
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Active Brokerage Accounts (3)
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10,068
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10,102
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10,155
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10,198
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10,254
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10,320
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10,386
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10,439
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|
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10,487
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|
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10,477
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|
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10,525
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10,565
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10,603
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|
-
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5
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%
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Banking Accounts
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1,092
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|
|
1,099
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|
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1,106
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|
|
1,109
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|
|
1,117
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|
|
1,120
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|
|
1,128
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|
|
1,138
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|
|
1,143
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|
|
1,154
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|
|
1,167
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|
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1,176
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1,181
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-
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8
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%
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Corporate Retirement Plan Participants
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1,547
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|
|
1,550
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|
1,543
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|
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1,543
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|
|
1,534
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|
|
1,545
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|
|
1,543
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|
|
1,541
|
|
|
1,540
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|
|
1,540
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|
|
1,550
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|
|
1,552
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|
|
1,556
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|
-
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|
1
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%
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|
Client Activity
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New Brokerage Accounts (in thousands)
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84
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|
93
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|
|
116
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|
|
111
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|
|
113
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|
|
138
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|
125
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|
115
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|
117
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|
107
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|
123
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|
|
106
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|
|
117
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10
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%
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|
39
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%
|
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Inbound Calls (in thousands)
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1,565
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|
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1,642
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1,931
|
|
|
1,817
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|
|
1,787
|
|
|
2,111
|
|
|
1,788
|
|
|
1,727
|
|
|
1,736
|
|
|
1,683
|
|
|
1,823
|
|
|
1,709
|
|
|
1,988
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|
|
16
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%
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|
27
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%
|
|
Web Logins (in thousands)
|
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35,429
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|
|
37,687
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|
|
40,720
|
|
|
40,047
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|
|
40,717
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|
|
45,441
|
|
|
39,750
|
|
|
44,024
|
|
|
43,790
|
|
|
42,236
|
|
|
47,290
|
|
|
39,639
|
|
|
51,454
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|
|
30
|
%
|
|
45
|
%
|
|
Client Cash as a Percentage of Client Assets (4)
|
|
12.8
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%
|
|
12.8
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%
|
|
13.0
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%
|
|
12.7
|
%
|
|
12.4
|
%
|
|
12.4
|
%
|
|
12.1
|
%
|
|
11.8
|
%
|
|
11.5
|
%
|
|
11.3
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%
|
|
11.4
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%
|
|
11.1
|
%
|
|
10.9
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%
|
|
(20) bp
|
|
(190) bp
|
|
Mutual Fund and Exchange-Traded Fund Net Buys (Sells)
(5, 6)
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|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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(in millions of dollars)
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|
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|
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Large Capitalization Stock
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(652
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)
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|
200
|
|
|
565
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|
|
265
|
|
|
580
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|
|
(125
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)
|
|
346
|
|
|
134
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|
|
(63
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)
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|
(95
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)
|
|
(1,683
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)
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|
(138
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)
|
|
(51
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)
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|
|
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Small / Mid Capitalization Stock
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(190
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)
|
|
877
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|
|
1,103
|
|
|
1,364
|
|
|
673
|
|
|
(409
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)
|
|
(797
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)
|
|
(285
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)
|
|
(322
|
)
|
|
(139
|
)
|
|
(293
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)
|
|
45
|
|
|
378
|
|
|
|
|
|
|
International
|
|
(1
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)
|
|
348
|
|
|
(683
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)
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|
1,296
|
|
|
1,633
|
|
|
1,703
|
|
|
2,410
|
|
|
3,610
|
|
|
3,631
|
|
|
2,675
|
|
|
1,705
|
|
|
1,549
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|
|
1,913
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|
|
|
|
|
|
Specialized
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|
(159
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)
|
|
(1,019
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)
|
|
20
|
|
|
411
|
|
|
1,007
|
|
|
273
|
|
|
570
|
|
|
529
|
|
|
647
|
|
|
236
|
|
|
279
|
|
|
465
|
|
|
655
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|
|
|
|
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Hybrid
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|
(432
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)
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|
(687
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)
|
|
(456
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)
|
|
(53
|
)
|
|
258
|
|
|
563
|
|
|
92
|
|
|
65
|
|
|
(340
|
)
|
|
142
|
|
|
(272
|
)
|
|
460
|
|
|
(118
|
)
|
|
|
|
|
|
Taxable Bond
|
|
1,475
|
|
|
(1,110
|
)
|
|
1,045
|
|
|
3,144
|
|
|
3,535
|
|
|
3,876
|
|
|
2,060
|
|
|
3,618
|
|
|
3,499
|
|
|
3,064
|
|
|
3,481
|
|
|
3,809
|
|
|
3,466
|
|
|
|
|
|
|
Tax-Free Bond
|
|
20
|
|
|
(1,090
|
)
|
|
(1,692
|
)
|
|
864
|
|
|
472
|
|
|
300
|
|
|
155
|
|
|
290
|
|
|
507
|
|
|
453
|
|
|
715
|
|
|
494
|
|
|
452
|
|
|
|
|
|
|
Net Buy (Sell) Activity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in millions of dollars)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mutual Funds (5)
|
|
(1,979
|
)
|
|
(5,864
|
)
|
|
(5,825
|
)
|
|
2,522
|
|
|
4,005
|
|
|
2,368
|
|
|
1,116
|
|
|
3,837
|
|
|
2,980
|
|
|
3,201
|
|
|
1,048
|
|
|
3,002
|
|
|
2,401
|
|
|
|
|
|
|
Exchange-Traded Funds (6)
|
|
2,040
|
|
|
3,383
|
|
|
5,727
|
|
|
4,769
|
|
|
4,153
|
|
|
3,813
|
|
|
3,720
|
|
|
4,124
|
|
|
4,579
|
|
|
3,135
|
|
|
2,884
|
|
|
3,682
|
|
|
4,294
|
|
|
|
|
|
|
Money Market Funds
|
|
211
|
|
|
1,851
|
|
|
1,141
|
|
|
(1,761
|
)
|
|
(181
|
)
|
|
1,218
|
|
|
(4,434
|
)
|
|
(1,167
|
)
|
|
(1,260
|
)
|
|
1,022
|
|
|
2,105
|
|
|
(374
|
)
|
|
213
|
|
|
|
|
|
|
Average Interest-Earning Assets
(7)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in millions of dollars)
|
|
201,894
|
|
|
206,970
|
|
|
212,052
|
|
|
216,001
|
|
|
216,112
|
|
|
218,554
|
|
|
217,407
|
|
|
215,252
|
|
|
214,709
|
|
|
212,108
|
|
|
214,458
|
|
|
216,472
|
|
|
219,658
|
|
|
1
|
%
|
|
9
|
%
|
|
(1)
|
|
October 2017 includes an inflow of $16.2 billion from a mutual
fund clearing services client. June 2017 includes an inflow of
$15.6 billion from a mutual fund clearing services client.
February 2017 includes an outflow of $9.0 billion from a mutual
fund clearing services client.
|
|
(2)
|
|
Excludes Retirement Business Services.
|
|
(3)
|
|
Periodically, the Company reviews its active account base. In July
2017, active brokerage accounts were reduced by approximately 48,000
as a result of low-balance closures.
|
|
(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 average total interest-earning assets on the Company's
balance sheet.
|
|
N/M
|
|
Not meaningful.
|
