Schwab Reports Monthly Activity Highlights
May 14 2020 - 8:45AM
Business Wire
The Charles Schwab Corporation released its Monthly Activity
Report today. Company highlights for the month of April 2020
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 $15.3 billion. Net new assets excluding mutual fund
clearing totaled $14.4 billion. These flows reflect the extension
of the federal income tax filing due date from April 15 to July
15.
- Total client assets were $3.78 trillion as of month-end April,
up 3% from April 2019 and up 8% compared to March 2020.
- Average interest-earning assets on the company’s balance sheet
were $353.0 billion in April, up 31% from April 2019 and up 11%
compared to March 2020.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading
provider of financial services, with more than 360 offices and 12.9
million active brokerage accounts, 1.7 million corporate retirement
plan participants, 1.4 million banking accounts, and $3.8 trillion
in client assets as of April 30, 2020. 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, https://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 https://www.schwab.com and
https://www.aboutschwab.com.
The Charles Schwab Corporation Monthly Activity Report For April
2020
2019
2020
Change Apr May
Jun Jul Aug
Sep Oct Nov
Dec Jan Feb
Mar Apr Mo.
Yr. Market Indices (at month
end) Dow Jones Industrial Average
26,593
24,815
26,600
26,864
26,403
26,917
27,046
28,051
28,538
28,256
25,409
21,917
24,346
11%
(8%)
Nasdaq Composite
8,095
7,453
8,006
8,175
7,963
7,999
8,292
8,665
8,973
9,151
8,567
7,700
8,890
15%
10%
Standard & Poor’s 500
2,946
2,752
2,942
2,980
2,926
2,977
3,038
3,141
3,231
3,226
2,954
2,585
2,912
13%
(1%)
Client Assets (in billions of dollars)
Beginning Client Assets
3,585.4
3,668.5
3,530.6
3,702.4
3,746.7
3,716.5
3,768.4
3,854.6
3,942.2
4,038.8
4,051.6
3,862.8
3,496.9
Net New Assets (1)
(0.3
)
17.3
20.2
19.3
19.9
17.4
35.2
12.0
30.1
20.9
24.4
27.9
15.3
(45%)
N/M
Net Market Gains (Losses)
83.4
(155.2
)
151.6
25.0
(50.1
)
34.5
51.0
75.6
66.5
(8.1
)
(213.2
)
(393.8
)
266.1
Total Client Assets (at month end)
3,668.5
3,530.6
3,702.4
3,746.7
3,716.5
3,768.4
3,854.6
3,942.2
4,038.8
4,051.6
3,862.8
3,496.9
3,778.3
8%
3%
Core Net New Assets (2)
(0.3
)
17.3
20.2
19.3
19.9
17.4
24.1
12.0
30.1
20.9
24.4
27.9
15.3
(45%)
N/M
Receiving Ongoing Advisory Services (at month end)
Investor Services
305.7
298.5
311.6
314.8
314.2
318.5
324.6
330.8
337.1
336.8
323.2
291.5
309.9
6%
1%
Advisor Services (3)
1,608.0
1,554.6
1,626.6
1,646.1
1,635.7
1,659.4
1,691.6
1,728.2
1,769.7
1,773.2
1,694.0
1,531.3
1,647.9
8%
2%
Client Accounts (at month end, in thousands)
Active Brokerage Accounts
11,870
11,929
11,967
12,026
12,085
12,118
12,189
12,247
12,333
12,431
12,521
12,736
12,866
1%
8%
Banking Accounts
1,310
1,323
1,336
1,352
1,361
1,361
1,374
1,384
1,390
1,403
1,411
1,426
1,439
1%
10%
Corporate Retirement Plan Participants
1,690
1,699
1,698
1,701
1,711
1,718
1,735
1,743
1,748
1,732
1,726
1,721
1,696
(1%)
-
Client Activity
New Brokerage Accounts (in thousands)
147
123
116
129
126
108
142
127
164
167
159
283
201
(29%)
37%
Inbound Calls (in thousands)
1,966
1,671
1,595
1,773
1,759
1,570
1,771
1,605
1,884
1,947
1,831
2,366
1,824
(23%)
(7%)
Web Logins (in thousands)
65,669
61,522
60,824
65,809
63,928
63,530
72,547
66,394
69,733
77,716
76,941
97,523
92,491
(5%)
41%
Client Cash as a Percentage of Client Assets (4)
10.9
%
11.3
%
10.9
%
11.0
%
11.3
%
11.4
%
11.3
%
11.3
%
11.3
%
11.3
%
12.0
%
15.1
%
14.3
%
(80) bp
340 bp
Mutual Fund and Exchange-Traded Fund
Net Buys (Sells) (5, 6) (in millions of dollars)
Large Capitalization Stock
980
1,114
206
717
328
23
900
1,406
991
845
(178
)
984
(693
)
Small / Mid Capitalization Stock
136
(190
)
18
10
(374
)
(212
)
(458
)
73
201
(314
)
(531
)
(954
)
151
International
863
(100
)
225
744
(1,390
)
(355
)
340
735
993
1,360
132
(2,116
)
(2,207
)
Specialized
(109
)
(440
)
341
418
353
583
618
484
455
762
397
333
2,059
Hybrid
(228
)
(316
)
(181
)
(366
)
(569
)
(372
)
(202
)
(290
)
(96
)
615
(257
)
(4,790
)
(860
)
Taxable Bond
3,029
1,821
2,378
3,806
2,725
2,935
2,813
2,274
4,710
5,714
3,830
(23,142
)
1,642
Tax-Free Bond
760
1,057
682
960
760
593
809
860
1,255
1,481
1,066
(5,229
)
(242
)
Net Buy (Sell) Activity (in millions of dollars)
Mutual Funds (5)
1,860
86
7
2,151
(1,281
)
(573
)
(473
)
(761
)
1,097
2,684
(565
)
(34,382
)
(3,863
)
Exchange-Traded Funds (6)
3,571
2,860
3,662
4,138
3,114
3,768
5,293
6,303
7,412
7,779
5,024
(532
)
3,713
Money Market Funds
(2,097
)
5,067
4,570
6,143
6,068
5,833
7,059
4,768
1,515
1,911
1,312
(1,233
)
8,465
Average Interest-Earning Assets (7)
(in millions of dollars)
270,308
263,718
262,759
263,993
265,005
266,430
266,089
268,254
274,911
279,437
278,966
317,850
353,018
11%
31%
(1)
October 2019 includes an inflow of $11.1 billion from a mutual fund
clearing services client.
(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)
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
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200514005225/en/
MEDIA: Mayura Hooper Charles Schwab Phone:
415-667-1525
INVESTORS/ANALYSTS: Rich Fowler Charles
Schwab Phone: 415-667-1841
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