The Charles Schwab Corporation released its Monthly Activity Report
today. Company highlights for the month of April 2015 include:
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Net new assets brought to the company by new and existing clients in
April 2015 totaled $9.1 billion, including $9.3 billion of inflows
from certain mutual fund clearing services clients. Aside from these
inflows, net new assets reflected client cash disbursements during tax
season.
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Total client assets were a record $2.55 trillion as of month-end
April, up 10% from April 2014 and up 1% compared to March 2015.
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Client assets receiving ongoing advisory services were also a record
$1.26 trillion as of month-end April, up 11% from April 2014 and up 1%
compared to March 2015.
About Charles Schwab
The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of
financial services, with more than 325 offices and 9.6 million active
brokerage accounts, 1.5 million corporate retirement plan participants,
992,000 banking accounts, and $2.55 trillion in client assets as of
April 30, 2015. Through its operating subsidiaries, the company provides
a full range of wealth management, securities brokerage, banking, money
management 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.
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The Charles Schwab Corporation Monthly Activity Report For April
2015
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2014
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2015
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Change
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Apr
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May
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Jun
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Jul
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Aug
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Sep
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Oct
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Nov
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Dec
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Jan
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Feb
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Mar
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Apr
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Mo.
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Yr.
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Market Indices
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(at month end)
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Dow Jones Industrial Average
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16,581
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16,717
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16,827
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16,563
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17,098
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17,043
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17,391
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17,828
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17,823
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17,165
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18,133
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17,776
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17,841
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-
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8
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%
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Nasdaq Composite
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4,115
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4,243
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4,408
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4,370
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4,580
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4,493
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4,631
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4,792
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4,736
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4,635
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4,964
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4,901
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4,941
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1
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%
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20
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%
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Standard & Poor’s 500
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1,884
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1,924
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1,960
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1,931
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2,003
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1,972
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2,018
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2,068
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2,059
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1,995
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2,105
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2,068
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2,086
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1
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%
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11
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%
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Client Assets
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(in billions of dollars)
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Beginning Client Assets
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2,308.0
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2,312.9
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2,354.2
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2,401.9
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2,382.7
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2,448.3
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2,403.7
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2,440.6
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2,478.8
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2,463.6
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2,445.0
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2,531.1
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2,524.4
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Net New Assets (1, 2)
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0.3
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10.9
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11.5
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15.9
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8.5
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10.3
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7.9
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10.9
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14.4
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9.3
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6.8
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12.6
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9.1
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(28
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%)
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N/M
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Net Market Gains (Losses)
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4.6
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30.4
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36.2
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(35.1
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57.1
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(54.9
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29.0
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27.3
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(29.6
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(27.9
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79.3
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(19.3
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15.8
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Total Client Assets (at month end)
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2,312.9
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2,354.2
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2,401.9
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2,382.7
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2,448.3
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2,403.7
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2,440.6
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2,478.8
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2,463.6
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2,445.0
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2,531.1
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2,524.4
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2,549.3
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1
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%
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10
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%
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Receiving Ongoing Advisory Services
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(at month end)
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Investor Services
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160.6
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163.7
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176.5
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175.1
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180.0
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177.3
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180.2
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183.3
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182.5
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181.5
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187.8
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188.4
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191.0
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1
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%
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19
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%
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Advisor Services (3)
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977.4
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995.3
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1,014.9
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1,007.2
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1,035.3
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1,015.3
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1,032.4
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1,049.0
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1,045.6
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1,038.4
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1,065.8
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1,063.4
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1,071.9
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1
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%
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10
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%
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Client Accounts
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(at month end, in thousands)
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Active Brokerage Accounts
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9,217
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9,228
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9,252
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9,269
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9,288
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9,309
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9,326
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9,346
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9,386
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9,407
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9,435
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9,493
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9,553
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1
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%
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4
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%
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Banking Accounts
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938
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944
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950
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956
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964
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970
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974
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979
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985
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978
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983
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986
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992
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1
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%
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6
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%
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Corporate Retirement Plan Participants (2)
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1,344
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1,346
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1,344
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1,381
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1,383
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|
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1,405
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1,416
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1,416
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1,428
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1,441
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1,475
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1,474
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1,469
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-
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9
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%
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Client Activity
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New Brokerage Accounts (in thousands)
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95
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71
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76
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78
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75
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76
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76
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70
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97
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84
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80
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110
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111
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1
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%
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17
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%
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Inbound Calls (in thousands)
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1,938
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1,691
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1,806
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1,873
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|
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1,768
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|
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1,755
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1,928
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|
|
1,656
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1,980
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1,872
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|
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1,827
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1,930
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1,954
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|
1
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%
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1
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%
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Web Logins (in thousands)
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34,254
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32,165
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|
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32,768
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|
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33,426
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|
|
32,491
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|
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31,098
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|
|
32,409
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|
|
31,528
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|
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34,580
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|
|
34,294
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|
|
35,379
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|
|
36,278
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|
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35,966
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(1
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%)
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5
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%
|
|
Cash as a Percentage of Client Assets (4)
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|
12.4
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%
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12.2
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%
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11.9
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%
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12.1
|
%
|
|
11.9
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%
|
|
12.2
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%
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|
12.1
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%
|
|
11.9
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%
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|
12.3
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%
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|
12.3
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%
|
|
11.9
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%
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12.0
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%
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11.5
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%
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|
(50) bp
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(90) bp
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Mutual Fund and Exchange-Traded Fund
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Net Buys (Sells) (5, 6)
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(in millions of dollars)
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Large Capitalization Stock
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95
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|
129
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|
311
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|
773
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|
620
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|
|
228
|
|
|
1,881
|
|
|
1,538
|
|
|
1,347
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|
|
1,084
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(1,154
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)
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(586
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)
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(1,496
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)
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Small / Mid Capitalization Stock
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(430
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)
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(564
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)
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220
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|
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(355
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)
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(639
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)
|
|
(127
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)
|
|
(307
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)
|
|
91
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|
|
(346
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)
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|
488
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|
|
(12
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)
|
|
290
|
|
|
423
|
|
|
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International
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1,665
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|
|
1,240
|
|
|
2,137
|
|
|
817
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|
|
524
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|
|
166
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|
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(20
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)
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|
794
|
|
|
177
|
|
|
1,630
|
|
|
3,463
|
|
|
4,650
|
|
|
3,613
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|
|
|
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Specialized
|
|
609
|
|
|
377
|
|
|
1,690
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|
|
1,082
|
|
|
373
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|
|
(24
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)
|
|
781
|
|
|
503
|
|
|
566
|
|
|
1,452
|
|
|
748
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|
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(47
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)
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|
(5
|
)
|
|
|
|
|
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Hybrid
|
|
230
|
|
|
406
|
|
|
201
|
|
|
532
|
|
|
165
|
|
|
-
|
|
|
(531
|
)
|
|
(363
|
)
|
|
(687
|
)
|
|
180
|
|
|
138
|
|
|
(284
|
)
|
|
(210
|
)
|
|
|
|
|
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Taxable Bond
|
|
449
|
|
|
1,346
|
|
|
606
|
|
|
92
|
|
|
683
|
|
|
(3,475
|
)
|
|
797
|
|
|
577
|
|
|
(1,914
|
)
|
|
1,298
|
|
|
2,722
|
|
|
924
|
|
|
1,075
|
|
|
|
|
|
|
Tax-Free Bond
|
|
246
|
|
|
584
|
|
|
516
|
|
|
277
|
|
|
400
|
|
|
463
|
|
|
584
|
|
|
479
|
|
|
603
|
|
|
598
|
|
|
471
|
|
|
613
|
|
|
13
|
|
|
|
|
|
|
Net Buy (Sell) Activity
|
|
|
|
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|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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(in millions of dollars)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mutual Funds (5)
|
|
1,312
|
|
|
2,236
|
|
|
3,313
|
|
|
1,804
|
|
|
612
|
|
|
(4,022
|
)
|
|
358
|
|
|
254
|
|
|
(4,381
|
)
|
|
3,174
|
|
|
3,086
|
|
|
1,765
|
|
|
420
|
|
|
|
|
|
|
Exchange-Traded Funds (6)
|
|
1,553
|
|
|
1,284
|
|
|
2,368
|
|
|
1,414
|
|
|
1,514
|
|
|
1,253
|
|
|
2,827
|
|
|
3,365
|
|
|
4,127
|
|
|
3,556
|
|
|
3,290
|
|
|
3,795
|
|
|
2,993
|
|
|
|
|
|
|
Money Market Funds
|
|
(4,141
|
)
|
|
(561
|
)
|
|
(1,664
|
)
|
|
1,493
|
|
|
1,248
|
|
|
2,224
|
|
|
477
|
|
|
(1,643
|
)
|
|
4,294
|
|
|
(2,080
|
)
|
|
(2,158
|
)
|
|
(1,362
|
)
|
|
(6,970
|
)
|
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Average Interest-Earning Assets (7)
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(in millions of dollars)
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137,164
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136,588
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137,328
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137,785
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139,027
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140,115
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141,502
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141,884
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144,695
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147,495
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148,911
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152,247
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152,697
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-
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11
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%
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(1)
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April 2015 includes inflows of $9.3 billion from certain mutual
fund clearing services clients. February 2015 includes an outflow
of $11.6 billion relating to the Company's planned resignation
from an Advisor Services cash management relationship. September
2014 includes an inflow of $7.8 billion and outflow of $3.4
billion from certain mutual fund clearing services clients. July
2014 includes an inflow of $2.4 billion from a mutual fund
clearing services client.
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(2)
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In February 2015, the Company increased its reported totals for
overall client assets and retirement plan participants by $6.1
billion and 35,000, respectively, to reflect the final impact of
the consolidation of its retirement plan recordkeeping platforms
as previously announced in September 2013.
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(3)
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Excludes Retirement Business Services Trust.
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(4)
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Schwab One®, other cash equivalents, deposits from banking clients
and money market fund balances as a percentage of total client
assets.
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(5)
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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.
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(6)
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Represents the principal value of client ETF transactions handled by
Schwab, including transactions in proprietary ETFs.
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(7)
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Represents total interest-earning assets on the Company's balance
sheet.
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N/M
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Not Meaningful
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Copyright Business Wire 2015