The Charles Schwab Corporation released its Monthly Activity
Report today. Company highlights for the month of July 2018
include:
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- Core net new assets brought to the
company by new and existing clients in July 2018 totaled
$16.3 billion. Net new assets excluding mutual fund clearing
totaled $15.8 billion.
- Total client assets were $3.48 trillion
as of month-end July, up 12% from July 2017 and up 2% compared to
June 2018.
- Client assets receiving ongoing
advisory services were a record $1.81 trillion as of month-end
July, up 15% from July 2017 and up 2% compared to June 2018.
Commentary from the CFO
Peter Crawford, Executive Vice President and Chief Financial
Officer, provides perspective on crossing the $250 billion
consolidated asset threshold for heightened regulatory requirements
at: http://aboutschwab.com/investor-relations/cfo-commentary.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading
provider of financial services, with more than 345 offices and
11.2 million active brokerage accounts, 1.6 million corporate
retirement plan participants, 1.3 million banking
accounts, and $3.48 trillion in client assets as of July 31, 2018.
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 2018
2017 2018
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
21,891 21,948 22,405 23,377 24,272 24,719 26,149 25,029 24,103
24,163 24,416 24,271 25,415 5% 16% Nasdaq Composite 6,348 6,429
6,496 6,728 6,874 6,903 7,411 7,273 7,063 7,066 7,442 7,510 7,672
2% 21% Standard & Poor’s 500 2,470 2,472 2,519 2,575 2,648
2,674 2,824 2,714 2,641 2,648 2,705 2,718 2,816 4% 14%
Client
Assets (in billions of dollars) Beginning Client Assets 3,040.6
3,099.9 3,122.3 3,181.2 3,256.5 3,318.8 3,361.8 3,480.5 3,328.8
3,305.4 3,312.1 3,378.1 3,397.0 Net New Assets (1) 15.8 18.0 17.8
35.4 15.7 27.0 11.5 (50.5 ) 20.2 0.4 19.4 24.1 16.3 (32%) 3% Net
Market Gains (Losses) 43.5 4.4 41.1
39.9 46.6 16.0
107.2 (101.2 ) (43.6 ) 6.3
46.6 (5.2 ) 64.6 Total
Client Assets (at month end) 3,099.9 3,122.3
3,181.2 3,256.5 3,318.8
3,361.8 3,480.5 3,328.8
3,305.4 3,312.1 3,378.1
3,397.0 3,477.9 2% 12% Core Net New
Assets (2) 15.8 18.0 17.8 19.2 15.7 27.0 18.7 21.3 25.6 9.9 19.4
24.1 16.3 (32%) 3% Receiving Ongoing Advisory Services (at month
end) Investor Services 247.2 249.9 255.0 259.8 265.1 268.7 278.6
273.0 273.2 274.7 279.1 280.0 287.0 3% 16% Advisor Services (3)
1,323.8 1,333.1 1,358.6 1,382.6 1,410.8 1,431.1 1,483.7 1,449.5
1,444.4 1,451.6 1,478.0 1,488.7 1,525.5 2% 15%
Client
Accounts (at month end, in thousands) Active Brokerage Accounts
(4) 10,477 10,525 10,565 10,603 10,671 10,755 10,858 10,936 11,005
11,081 11,145 11,202 11,243 - 7% Banking Accounts 1,154 1,167 1,176
1,181 1,192 1,197 1,210 1,218 1,221 1,230 1,240 1,250 1,262 1% 9%
Corporate Retirement Plan Participants 1,540 1,550 1,552 1,556
1,564 1,568 1,580 1,580 1,594 1,599 1,599 1,599 1,611 1% 5%
Client Activity New Brokerage Accounts (in thousands) 107
123 106 117 122 147 165 138 140 141 122 121 118 (2%) 10% Inbound
Calls (in thousands) 1,683 1,823 1,709 1,988 1,804 2,046 2,303
2,005 2,145 2,034 1,852 1,814 1,849 2% 10% Web Logins (in
thousands) 42,236 47,290 39,639 51,454 50,583 54,486 64,488 60,830
58,906 55,980 56,234 56,491 57,137 1% 35%
Client Cash as a Percentage of Client
Assets (5)
11.3 % 11.4 % 11.1 % 10.9 % 10.8 % 10.8 % 10.4 % 10.9 % 11.0 % 10.9
% 10.6 % 10.7 % 10.5 % (20) bp (80) bp
Mutual Fund and Exchange-Traded
Fund
Net Buys (Sells) (6, 7) (in
millions of dollars)
Large Capitalization Stock (95 ) (1,683 ) (138 ) (51 ) 85 1,023 496
715 (158 ) 410 953 981 486 Small / Mid Capitalization Stock (139 )
(293 ) 45 378 (144 ) 274 (125 ) (167 ) 130 359 753 1,195 768
International 2,675 1,705 1,549 1,913 2,627 1,852 4,306 2,685 1,546
809 372 (498 ) (529 ) Specialized 236 279 465 655 58 424 1,569 187
326 122 (19 ) 383 520 Hybrid 142 (272 ) 460 (118 ) (263 ) 307 978
(88 ) 529 (541 ) (241 ) (288 ) (548 ) Taxable Bond 3,064 3,481
3,809 3,466 2,389 2,561 3,284 155 2,117 1,661 1,002 928 879
Tax-Free Bond 453 715 494 452 371 341 1,247 211 247 (113 ) 449 588
306
Net Buy (Sell) Activity (in
millions of dollars)
Mutual Funds (6) 3,201 1,048 3,002 2,401 882 775 4,843 (417 ) 1,976
(36 ) (88 ) 555 (522 ) Exchange-Traded Funds (7) 3,135 2,884 3,682
4,294 4,241 6,007 6,912 4,115 2,761 2,743 3,357 2,734 2,404 Money
Market Funds 1,022 2,105 (374 ) 213 1,166 2,968 (5,730 ) (4,292 )
(9,100 ) (4,156 ) (2,245 ) (4,919 ) (4,801 )
Average
Interest-Earning Assets (8) (in millions of dollars) 212,108
214,458 216,472 219,658 223,292 228,540 234,619 239,922 241,049
239,833 242,584 249,432 254,211 2% 20% (1)
April, March, February, and January 2018
include outflows of $9.5 billion, $5.4 billion, $71.8 billion, and
$7.2 billion, respectively, from certain mutual fund clearing
services clients. October 2017 includes an inflow of $16.2 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) 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. (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.
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version on businesswire.com: https://www.businesswire.com/news/home/20180814005190/en/
MEDIA:Charles SchwabMayura Hooper,
415-667-1525orINVESTORS/ANALYSTS:Charles SchwabRich Fowler,
415-667-1841
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