The Charles Schwab Corporation released its Monthly Activity
Report today. Company highlights for the month of August 2017
include:
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- Net new assets brought to the company
by new and existing clients in August 2017 totaled
$18.0 billion.
- Total client assets were a record $3.12
trillion as of month-end August, up 15% from August 2016 and up 1%
compared to July 2017.
- Client cash as a percentage of assets
was 11.4% as of month-end August, compared with 12.5% in August
2016 and 11.3% in July 2017.
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, 1.6 million corporate
retirement plan participants, 1.2 million banking
accounts, and $3.12 trillion in client assets as of August 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 August 2017
2016 2017
Change
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Mo.
Yr.
Market Indices (at month end) Dow Jones Industrial Average
18,401 18,308 18,142 19,124 19,763 19,864 20,812 20,663 20,941
21,009 21,350 21,891 21,948 - 19 % Nasdaq Composite 5,213 5,312
5,189 5,324 5,383 5,615 5,825 5,912 6,048 6,199 6,140 6,348 6,429 1
% 23 % Standard & Poor’s 500 2,171 2,168 2,126 2,199 2,239
2,279 2,364 2,363 2,384 2,412 2,423 2,470 2,472 - 14 %
Client
Assets (in billions of dollars) Beginning Client Assets 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 Net New Assets (1) 10.4 10.6 6.1
11.9 18.9 11.1 6.6 21.2 2.8 24.0 37.7 15.8 18.0 14 % 73 % Net
Market Gains (Losses) 1.8 4.3 (44.7 )
36.0 26.0 40.7
57.3 6.1 23.5 23.0
7.1 43.5 4.4 Total Client Assets
(at month end) 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
3,122.3 1 % 15 % Receiving Ongoing Advisory
Services (at month end) Investor Services 211.7 213.4 211.3 213.2
217.1 220.8 227.9 230.9 234.4 239.1 242.2 247.2 249.9 1 % 18 %
Advisor Services (2) 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 1,333.1 1 %
16 %
Client Accounts (at month end, in thousands) Active
Brokerage Accounts (3) 10,021 10,046 10,068 10,102 10,155 10,198
10,254 10,320 10,386 10,439 10,487 10,477 10,525 - 5 % Banking
Accounts 1,083 1,088 1,092 1,099 1,106 1,109 1,117 1,120 1,128
1,138 1,143 1,154 1,167 1 % 8 % Corporate Retirement Plan
Participants 1,565 1,561 1,547 1,550 1,543 1,543 1,534 1,545 1,543
1,541 1,540 1,540 1,550 1 % (1 %)
Client Activity New
Brokerage Accounts (in thousands) 96 84 84 93 116 111 113 138 125
115 117 107 123 15 % 28 % Inbound Calls (in thousands) 1,755 1,633
1,565 1,642 1,931 1,817 1,787 2,111 1,788 1,727 1,736 1,683 1,823 8
% 4 % Web Logins (in thousands) 42,627 38,237 35,429 37,687 40,720
40,047 40,717 45,441 39,750 44,024 43,790 42,236 47,290 12 % 11 %
Client Cash as a Percentage of Client Assets (4) 12.5 % 12.5 % 12.8
% 12.8 % 13.0 % 12.7 % 12.4 % 12.4 % 12.1 % 11.8 % 11.5 % 11.3 %
11.4 % 10 bp (110) bp
Mutual Fund and Exchange-Traded Fund
Net Buys (Sells) (5, 6) (in millions of dollars) Large
Capitalization Stock (755 ) (1,209 ) (652 ) 200 565 265 580 (125 )
346 134 (63 ) (95 ) (1,683 ) Small / Mid Capitalization Stock (214
) 460 (190 ) 877 1,103 1,364 673 (409 ) (797 ) (285 ) (322 ) (139 )
(293 ) International 386 (26 ) (1 ) 348 (683 ) 1,296 1,633 1,703
2,410 3,610 3,631 2,675 1,705 Specialized 189 (274 ) (159 ) (1,019
) 20 411 1,007 273 570 529 647 236 279 Hybrid (219 ) 58 (432 ) (687
) (456 ) (53 ) 258 563 92 65 (340 ) 142 (272 ) Taxable Bond 1,888
1,585 1,475 (1,110 ) 1,045 3,144 3,535 3,876 2,060 3,618 3,499
3,064 3,481 Tax-Free Bond 920 539 20 (1,090 ) (1,692 ) 864 472 300
155 290 507 453 715
Net Buy (Sell) Activity (in millions of
dollars) Mutual Funds (5) (297 ) (656 ) (1,979 ) (5,864 ) (5,825 )
2,522 4,005 2,368 1,116 3,837 2,980 3,201 1,048 Exchange-Traded
Funds (6) 2,492 1,789 2,040 3,383 5,727 4,769 4,153 3,813 3,720
4,124 4,579 3,135 2,884 Money Market Funds (768 ) (658 ) 211 1,851
1,141 (1,761 ) (181 ) 1,218 (4,434 ) (1,167 ) (1,260 ) 1,022 2,105
Average Interest-Earning Assets (7) (in millions of dollars)
194,268 199,107 201,894 206,970 212,052 216,001 216,112 218,554
217,407 215,252 214,709 212,108 214,458 1 % 10 % (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/20170915005147/en/
MEDIA:Charles SchwabJoe Carberry,
415-667-1677orINVESTORS/ANALYSTS:Charles SchwabRich Fowler,
415-667-1841
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