Schwab Reports Monthly Activity Highlights
August 14 2019 - 8:45AM
Business Wire
The Charles Schwab Corporation released its Monthly Activity
Report today. Company highlights for the month of July 2019
include:
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the full release here:
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- Core net new assets brought to the company by new and existing
clients totaled $19.3 billion for the month, a July record. Net new
assets excluding mutual fund clearing totaled $18.2 billion.
- Total client assets were a record $3.75 trillion as of
month-end July, up 8% from July 2018 and up 1% compared to June
2019.
- Client assets receiving ongoing advisory services were a record
$1.96 trillion as of month-end July, up 8% from July 2018 and up 1%
compared to June 2019.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading
provider of financial services, with more than 365 offices and
12.0 million active brokerage accounts, 1.7 million corporate
retirement plan participants, 1.4 million banking
accounts, and $3.75 trillion in client assets as of July 31, 2019.
Through its operating subsidiaries, the company provides a full
range of wealth management, securities brokerage, banking, asset
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
2019
2018
2019
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
25,415
25,965
26,458
25,116
25,538
23,327
25,000
25,916
25,929
26,593
24,815
26,600
26,864
1%
6%
Nasdaq Composite
7,672
8,110
8,046
7,306
7,331
6,635
7,282
7,533
7,729
8,095
7,453
8,006
8,175
2%
7%
Standard & Poor’s 500
2,816
2,902
2,914
2,712
2,760
2,507
2,704
2,784
2,834
2,946
2,752
2,942
2,980
1%
6%
Client Assets (in billions of dollars)
Beginning Client Assets
3,397.0
3,477.9
3,555.9
3,563.7
3,388.1
3,431.9
3,252.2
3,447.7
3,533.0
3,585.4
3,668.5
3,530.6
3,702.4
Net New Assets
16.3
20.8
16.4
14.9
15.6
24.8
15.1
18.3
18.3
(0.3
)
17.3
20.2
19.3
(4%)
18%
Net Market Gains (Losses)
64.6
57.2
(8.6
)
(190.5
)
28.2
(204.5
)
180.4
67.0
34.1
83.4
(155.2
)
151.6
25.0
Total Client Assets (at month end)
3,477.9
3,555.9
3,563.7
3,388.1
3,431.9
3,252.2
3,447.7
3,533.0
3,585.4
3,668.5
3,530.6
3,702.4
3,746.7
1%
8%
Core Net New Assets (1)
16.3
20.8
16.4
14.9
15.6
24.8
15.1
18.3
18.3
(0.3
)
17.3
20.2
19.3
(4%)
18%
Receiving Ongoing Advisory Services (at month end)
Investor Services
287.0
292.0
292.7
280.3
284.7
272.4
286.9
294.2
298.4
305.7
298.5
311.6
314.8
1%
10%
Advisor Services (2)
1,525.5
1,555.3
1,559.2
1,485.8
1,510.1
1,436.1
1,514.2
1,551.6
1,572.8
1,608.0
1,554.6
1,626.6
1,646.1
1%
8%
Client Accounts (at month end, in thousands)
Active Brokerage Accounts (3)
11,243
11,310
11,423
11,479
11,529
11,593
11,653
11,712
11,787
11,870
11,929
11,967
12,026
-
7%
Banking Accounts (4)
1,262
1,274
1,283
1,289
1,297
1,302
1,312
1,313
1,300
1,310
1,323
1,336
1,352
1%
7%
Corporate Retirement Plan Participants
1,611
1,621
1,627
1,634
1,639
1,655
1,679
1,685
1,684
1,690
1,699
1,698
1,701
-
6%
Client Activity
New Brokerage Accounts (in thousands)
118
132
119
133
115
132
131
115
140
147
123
116
129
11%
9%
Inbound Calls (in thousands)
1,849
1,964
1,715
1,976
1,681
1,839
1,924
1,742
1,882
1,966
1,671
1,595
1,773
11%
(4%)
Web Logins (in thousands)
57,137
62,797
53,923
59,261
54,654
53,920
64,563
60,121
63,692
65,669
61,522
60,824
65,809
8%
15%
Client Cash as a Percentage of Client Assets (5)
10.5%
10.4%
10.3%
11.1%
11.2%
12.8%
11.7%
11.5%
11.3%
10.9%
11.3%
10.9%
11.0%
10 bp
50 bp
Mutual Fund and Exchange-Traded Fund
Net Buys (Sells) (6, 7) (in millions of dollars)
Large Capitalization Stock
486
918
311
308
331
717
1,343
1,109
1,045
980
1,114
206
717
Small / Mid Capitalization Stock
768
(186
)
151
(1,344
)
(456
)
(1,414
)
1,329
638
302
136
(190
)
18
10
International
(529
)
186
(88
)
(109
)
(418
)
(2,163
)
2,212
1,086
1,274
863
(100
)
225
744
Specialized
520
(245
)
73
(914
)
(397
)
(2,105
)
124
609
750
(109
)
(440
)
341
418
Hybrid
(548
)
(678
)
(324
)
(1,313
)
(1,248
)
(2,985
)
(321
)
(309
)
(357
)
(228
)
(316
)
(181
)
(366
)
Taxable Bond
879
965
1,371
(351
)
(836
)
(4,342
)
3,956
2,871
1,923
3,029
1,821
2,378
3,806
Tax-Free Bond
306
559
262
(591
)
(407
)
(409
)
1,184
1,111
1,133
760
1,057
682
960
Net Buy (Sell) Activity (in millions of dollars)
Mutual Funds (6)
(522
)
(1,936
)
(1,538
)
(5,734
)
(7,955
)
(21,372
)
6,740
2,312
1,850
1,860
86
7
2,151
Exchange-Traded Funds (7)
2,404
3,455
3,294
1,420
4,524
8,671
3,087
4,803
4,220
3,571
2,860
3,662
4,138
Money Market Funds
(4,801
)
704
(1,933
)
2,546
8,515
13,548
4,944
(1,577
)
1,785
(2,097
)
5,067
4,570
6,143
Average Interest-Earning Assets (8)
(in millions of dollars)
254,211
259,137
261,741
264,156
265,648
274,913
277,068
270,718
272,727
270,308
263,718
262,759
263,993
-
4%
(1)
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.
(2)
Excludes Retirement Business Services.
(3)
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.
(4)
In March 2019, banking accounts were reduced by approximately
23,000 as a result of inactive account closures.
(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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190814005205/en/
MEDIA: Mayura Hooper Charles Schwab Phone:
415-667-1525
INVESTORS/ANALYSTS: Rich Fowler Charles Schwab Phone:
415-667-1841
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