The Charles Schwab Corporation released its Monthly Activity
Report today. Company highlights for the month of October 2018
include:
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- Core net new assets brought to the
company by new and existing clients in October 2018 totaled
$14.9 billion. Net new assets excluding mutual fund clearing
totaled $14.4 billion.
- Total client assets were $3.39 trillion
as of month-end October, up 4% from October 2017 and down 5%
compared to September 2018.
- New brokerage accounts were 133,000 in
October, up 14% from October 2017 and up 12% compared to September
2018.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading
provider of financial services, with more than 350 offices and
11.5 million active brokerage accounts, 1.6 million corporate
retirement plan participants, 1.3 million banking
accounts, and $3.39 trillion in client assets as of October 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 October 2018 2017
2018
Change
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Mo.
Yr.
Market Indices (at month end) Dow Jones Industrial Average
23,377 24,272 24,719 26,149 25,029 24,103 24,163 24,416 24,271
25,415 25,965 26,458 25,116 (5 %) 7 % Nasdaq Composite 6,728 6,874
6,903 7,411 7,273 7,063 7,066 7,442 7,510 7,672 8,110 8,046 7,306
(9 %) 9 % Standard & Poor’s 500 2,575 2,648 2,674 2,824 2,714
2,641 2,648 2,705 2,718 2,816 2,902 2,914 2,712 (7 %) 5 %
Client
Assets (in billions of dollars) Beginning Client Assets 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 3,555.9 3,563.7 Net New Assets (1) 35.4 15.7 27.0
11.5 (50.5 ) 20.2 0.4 19.4 24.1 16.3 20.8 16.4 14.9 (9 %) (58 %)
Net Market Gains (Losses) 39.9 46.6
16.0 107.2 (101.2 ) (43.6 )
6.3 46.6 (5.2 ) 64.6
57.2 (8.6 ) (190.5 ) Total
Client Assets (at month end) 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 3,555.9
3,563.7 3,388.1 (5 %) 4 % Core Net New
Assets (2) 19.2 15.7 27.0 18.7 21.3 25.6 9.9 19.4 24.1 16.3 20.8
16.4 14.9 (9 %) (22 %) Receiving Ongoing Advisory Services (at
month end) Investor Services 259.8 265.1 268.7 278.6 273.0 273.2
274.7 279.1 280.0 287.0 292.0 292.7 280.3 (4 %) 8 % Advisor
Services (3) 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 1,555.3 1,559.2 1,485.8 (5 %) 7 %
Client Accounts (at month end, in thousands) Active
Brokerage Accounts (4) 10,603 10,671 10,755 10,858 10,936 11,005
11,081 11,145 11,202 11,243 11,310 11,423 11,479 0 % 8 % Banking
Accounts 1,181 1,192 1,197 1,210 1,218 1,221 1,230 1,240 1,250
1,262 1,274 1,283 1,289 0 % 9 % Corporate Retirement Plan
Participants 1,556 1,564 1,568 1,580 1,580 1,594 1,599 1,599 1,599
1,611 1,621 1,627 1,634 0 % 5 %
Client Activity New
Brokerage Accounts (in thousands) 117 122 147 165 138 140 141 122
121 118 132 119 133 12 % 14 % Inbound Calls (in thousands) 1,988
1,804 2,046 2,303 2,005 2,145 2,034 1,852 1,814 1,849 1,964 1,715
1,976 15 % (1 %) Web Logins (in thousands) 51,454 50,583 54,486
64,488 60,830 58,906 55,980 56,234 56,491 57,137 62,797 53,923
59,261 10 % 15 % Client Cash as a Percentage of Client Assets (5)
10.9 % 10.8 % 10.8 % 10.4 % 10.9 % 11.0 % 10.9 % 10.6 % 10.7 % 10.5
% 10.4 % 10.3 % 11.1 % 80 bp 20 bp
Mutual Fund and
Exchange-Traded Fund Net Buys (Sells) (6, 7) (in
millions of dollars) Large Capitalization Stock (51 ) 85 1,023 496
715 (158 ) 410 953 981 486 918 311 308 Small / Mid Capitalization
Stock 378 (144 ) 274 (125 ) (167 ) 130 359 753 1,195 768 (186 ) 151
(1,344 ) International 1,913 2,627 1,852 4,306 2,685 1,546 809 372
(498 ) (529 ) 186 (88 ) (109 ) Specialized 655 58 424 1,569 187 326
122 (19 ) 383 520 (245 ) 73 (914 ) Hybrid (118 ) (263 ) 307 978 (88
) 529 (541 ) (241 ) (288 ) (548 ) (678 ) (324 ) (1,313 ) Taxable
Bond 3,466 2,389 2,561 3,284 155 2,117 1,661 1,002 928 879 965
1,371 (351 ) Tax-Free Bond 452 371 341 1,247 211 247 (113 ) 449 588
306 559 262 (591 )
Net Buy (Sell) Activity (in millions of
dollars) Mutual Funds (6) 2,401 882 775 4,843 (417 ) 1,976 (36 )
(88 ) 555 (522 ) (1,936 ) (1,538 ) (5,734 ) Exchange-Traded Funds
(7) 4,294 4,241 6,007 6,912 4,115 2,761 2,743 3,357 2,734 2,404
3,455 3,294 1,420 Money Market Funds 213 1,166 2,968 (5,730 )
(4,292 ) (9,100 ) (4,156 ) (2,245 ) (4,919 ) (4,801 ) 704 (1,933 )
2,546
Average Interest-Earning Assets (8) (in millions of
dollars) 219,658 223,292 228,540 234,619 239,922 241,049 239,833
242,584 249,432 254,211 259,137 261,741 264,156 1 % 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) 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. (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/20181114005230/en/
MEDIA:Charles SchwabMayura Hooper,
415-667-1525orINVESTORS/ANALYSTS:Charles SchwabJennifer
Como, 415-667-0026
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