The Charles Schwab Corporation released its Monthly Activity
Report today. Company highlights for the month of July 2017
include:
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- Net new assets brought to the company
by new and existing clients in July 2017 totaled
$15.8 billion.
- Total client assets were a record $3.10
trillion as of month-end July, up 15% from July 2016 and up 2%
compared to June 2017.
- New brokerage accounts totaled 107,000
in July, up 27% from July 2016, representing a record-tying eighth
consecutive month of new accounts in excess of 100,000.
About Charles Schwab
The Charles Schwab Corporation (NYSE:SCHW) is a leading provider
of financial services, with more than 340 offices and 10.5
million active brokerage accounts, 1.5 million corporate retirement
plan participants, 1.2 million banking accounts, and
$3.10 trillion in client assets as of July 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.
The Charles Schwab Corporation Monthly Activity Report
For July 2017 2016
2017
Change
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Mo.
Yr.
Market Indices (at month end) Dow Jones Industrial Average
18,432 18,401 18,308 18,142 19,124 19,763 19,864 20,812 20,663
20,941 21,009 21,350 21,891 3 % 19 % Nasdaq Composite 5,162 5,213
5,312 5,189 5,324 5,383 5,615 5,825 5,912 6,048 6,199 6,140 6,348 3
% 23 % Standard & Poor’s 500 2,174 2,171 2,168 2,126 2,199
2,239 2,279 2,364 2,363 2,384 2,412 2,423 2,470 2 % 14 %
Client
Assets (in billions of dollars) Beginning Client Assets 2,622.0
2,698.2 2,710.4 2,725.3 2,686.7 2,734.6 2,779.5 2,831.3 2,895.2
2,922.5 2,948.8 2,995.8 3,040.6 Net New Assets (1) 9.0 10.4 10.6
6.1 11.9 18.9 11.1 6.6 21.2 2.8 24.0 37.7 15.8 (58 %) 76 % Net
Market Gains (Losses) 67.2 1.8 4.3
(44.7 ) 36.0 26.0
40.7 57.3 6.1 23.5
23.0 7.1 43.5 Total
Client Assets (at month end) 2,698.2 2,710.4
2,725.3 2,686.7 2,734.6
2,779.5 2,831.3 2,895.2
2,922.5 2,948.8 2,995.8
3,040.6 3,099.9 2 % 15 % Receiving
Ongoing Advisory Services (at month end) Investor Services 210.2
211.7 213.4 211.3 213.2 217.1 220.8 227.9 230.9 234.4 239.1 242.2
247.2 2 % 18 % Advisor Services (2) 1,142.3 1,149.4 1,155.4 1,140.5
1,161.8 1,184.3 1,208.4 1,239.0 1,250.9 1,262.7 1,283.4 1,297.6
1,323.8 2 % 16 %
Client Accounts (at month end, in
thousands) Active Brokerage Accounts (3) 9,989 10,021 10,046 10,068
10,102 10,155 10,198 10,254 10,320 10,386 10,439 10,487 10,477 - 5
% Banking Accounts 1,074 1,083 1,088 1,092 1,099 1,106 1,109 1,117
1,120 1,128 1,138 1,143 1,154 1 % 7 % Corporate Retirement Plan
Participants 1,559 1,565 1,561 1,547 1,550 1,543 1,543 1,534 1,545
1,543 1,541 1,540 1,540 - (1 %)
Client Activity New
Brokerage Accounts (in thousands) 84 96 84 84 93 116 111 113 138
125 115 117 107 (9 %) 27 % Inbound Calls (in thousands) 1,605 1,755
1,633 1,565 1,642 1,931 1,817 1,787 2,111 1,788 1,727 1,736 1,683
(3 %) 5 % Web Logins (in thousands) 46,217 42,627 38,237 35,429
37,687 40,720 40,047 40,717 45,441 39,750 44,024 43,790 42,236 (4
%) (9 %) Client Cash as a Percentage of Client Assets (4) 12.5 %
12.5 % 12.5 % 12.8 % 12.8 % 13.0 % 12.7 % 12.4 % 12.4 % 12.1 % 11.8
% 11.5 % 11.3 % (20) bp (120) bp
Mutual Fund and Exchange-Traded
Fund Net Buys (Sells) (5, 6) (in millions of dollars)
Large Capitalization Stock (1,173 ) (755 ) (1,209 ) (652 ) 200 565
265 580 (125 ) 346 134 (63 ) (95 ) Small / Mid Capitalization Stock
(320 ) (214 ) 460 (190 ) 877 1,103 1,364 673 (409 ) (797 ) (285 )
(322 ) (139 ) International (347 ) 386 (26 ) (1 ) 348 (683 ) 1,296
1,633 1,703 2,410 3,610 3,631 2,675 Specialized 357 189 (274 ) (159
) (1,019 ) 20 411 1,007 273 570 529 647 236 Hybrid (463 ) (219 ) 58
(432 ) (687 ) (456 ) (53 ) 258 563 92 65 (340 ) 142 Taxable Bond
1,420 1,888 1,585 1,475 (1,110 ) 1,045 3,144 3,535 3,876 2,060
3,618 3,499 3,064 Tax-Free Bond 766 920 539 20 (1,090 ) (1,692 )
864 472 300 155 290 507 453
Net Buy (Sell) Activity (in
millions of dollars) Mutual Funds (5) (1,683 ) (297 ) (656 ) (1,979
) (5,864 ) (5,825 ) 2,522 4,005 2,368 1,116 3,837 2,980 3,201
Exchange-Traded Funds (6) 1,923 2,492 1,789 2,040 3,383 5,727 4,769
4,153 3,813 3,720 4,124 4,579 3,135 Money Market Funds 701 (768 )
(658 ) 211 1,851 1,141 (1,761 ) (181 ) 1,218 (4,434 ) (1,167 )
(1,260 ) 1,022
Average Interest-Earning Assets (7) (in
millions of dollars) 191,850 194,268 199,107 201,894 206,970
212,052 216,001 216,112 218,554 217,407 215,252 214,709 212,108
(1 %) 11 % (1) 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170814005193/en/
MEDIA:Charles SchwabAlison Wertheim,
415-667-0475orINVESTORS/ANALYSTS:Charles SchwabJennifer
Como, 415-667-0026
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