The Charles Schwab Corporation released its Monthly Activity Report
today. Company highlights for the month of November 2015 include:
This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20151214005265/en/
-
Net new assets brought to the company by new and existing clients in
November 2015 totaled $17.2 billion. November 2015 net new assets
included a $10.2 billion inflow related to a mutual fund clearing
services client.
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Total client assets were $2.55 trillion as of month-end November, up
3% from November 2014 and up 1% compared to October 2015.
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Average interest-earning assets on the company’s balance sheet were a
record $167.4 billion in November, up 18% from November 2014 and up 1%
compared to October 2015.
Commentary from the CFO
Joe Martinetto, Senior Executive Vice President and Chief Financial
Officer, provides a review of company comments regarding the potential
impact of rising interest rates on Schwab’s financial picture 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 325 offices and 9.7 million active
brokerage accounts, 1.5 million corporate retirement plan participants,
1.0 million banking accounts, and $2.55 trillion in client assets as of
November 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
November 2015
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2014
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2015
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Change
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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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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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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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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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18,011
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17,620
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17,690
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16,528
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16,285
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17,664
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17,720
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-
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(1%)
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Nasdaq Composite
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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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5,070
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4,987
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5,128
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4,777
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4,620
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5,054
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5,109
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1%
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7%
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Standard & Poor’s 500
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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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2,107
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2,063
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2,104
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1,972
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1,920
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2,079
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2,080
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-
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1%
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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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2,440.6
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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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2,568.8
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2,543.3
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2,562.5
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2,462.4
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2,415.9
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2,539.9
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Net New Assets (1, 2)
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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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10.1
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17.8
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9.8
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9.2
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11.8
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10.5
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17.2
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64%
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58%
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Net Market Gains (Losses)
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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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9.4
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(43.3)
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9.4
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(109.3)
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(58.3)
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113.5
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(3.8)
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Total Client Assets (at month end)
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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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2,568.8
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2,543.3
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2,562.5
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2,462.4
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2,415.9
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2,539.9
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2,553.3
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1%
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3%
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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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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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192.8
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191.4
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193.3
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187.2
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184.9
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193.3
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194.5
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1%
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6%
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Advisor Services (3)
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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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1,079.3
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1,066.7
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1,079.0
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1,039.5
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1,019.9
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1,072.4
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1,075.6
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-
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3%
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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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9,346
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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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9,572
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9,605
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9,631
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9,671
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9,691
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9,712
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9,731
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-
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4%
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Banking Accounts
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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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1,000
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1,004
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1,011
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1,021
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1,027
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1,029
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1,033
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-
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6%
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Corporate Retirement Plan Participants (2)
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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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1,469
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1,474
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1,483
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1,488
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1,492
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1,502
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1,514
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1%
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7%
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Client Activity
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New Brokerage Accounts (in thousands)
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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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80
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89
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87
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87
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80
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88
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76
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(14%)
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9%
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Inbound Calls (in thousands)
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1,656
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1,980
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1,872
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1,827
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1,930
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1,954
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1,621
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1,763
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1,788
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1,807
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1,631
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1,716
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1,554
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(9%)
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(6%)
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Web Logins (in thousands)
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31,528
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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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35,966
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32,112
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31,644
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33,498
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34,167
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29,550
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33,574
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30,488
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(9%)
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(3%)
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Client Cash as a Percentage of Client Assets (4)
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11.9%
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12.3%
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12.3%
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11.9%
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12.0%
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11.5%
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11.6%
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11.7%
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11.8%
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12.6%
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12.9%
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12.3%
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12.3%
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-
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40 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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1,538
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1,347
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1,084
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(1,154)
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(586)
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(1,496)
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(1,410)
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(804)
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(702)
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(664)
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(608)
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|
(214)
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|
637
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Small / Mid Capitalization Stock
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91
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|
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(346)
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|
488
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(12)
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|
|
290
|
|
|
423
|
|
|
(108)
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|
|
78
|
|
|
149
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|
|
(540)
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|
(108)
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|
17
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(2)
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International
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|
794
|
|
|
177
|
|
|
1,630
|
|
|
3,463
|
|
|
4,650
|
|
|
3,613
|
|
|
2,718
|
|
|
2,255
|
|
|
947
|
|
|
(266)
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|
|
(560)
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|
|
72
|
|
|
427
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|
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Specialized
|
|
|
503
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|
|
566
|
|
|
1,452
|
|
|
748
|
|
|
(47)
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|
|
(5)
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|
|
25
|
|
|
8
|
|
|
410
|
|
|
(390)
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|
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(643)
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|
|
667
|
|
|
744
|
|
|
|
|
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Hybrid
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|
|
(363)
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|
|
(687)
|
|
|
180
|
|
|
138
|
|
|
(284)
|
|
|
(210)
|
|
|
(238)
|
|
|
(133)
|
|
|
(152)
|
|
|
(1,144)
|
|
|
(726)
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|
|
(110)
|
|
|
(410)
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|
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|
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Taxable Bond
|
|
|
577
|
|
|
(1,914)
|
|
|
1,298
|
|
|
2,722
|
|
|
924
|
|
|
1,075
|
|
|
1,757
|
|
|
421
|
|
|
(111)
|
|
|
(634)
|
|
|
(91)
|
|
|
628
|
|
|
(1,250)
|
|
|
|
|
|
|
|
Tax-Free Bond
|
|
|
479
|
|
|
603
|
|
|
598
|
|
|
471
|
|
|
613
|
|
|
13
|
|
|
(101)
|
|
|
(132)
|
|
|
156
|
|
|
111
|
|
|
35
|
|
|
494
|
|
|
260
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Buy (Sell) Activity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in millions of dollars)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mutual Funds (5)
|
|
|
254
|
|
|
(4,381)
|
|
|
3,174
|
|
|
3,086
|
|
|
1,765
|
|
|
420
|
|
|
813
|
|
|
(725)
|
|
|
(1,101)
|
|
|
(4,712)
|
|
|
(4,336)
|
|
|
(910)
|
|
|
(3,602)
|
|
|
|
|
|
|
|
Exchange-Traded Funds (6)
|
|
|
3,365
|
|
|
4,127
|
|
|
3,556
|
|
|
3,290
|
|
|
3,795
|
|
|
2,993
|
|
|
1,830
|
|
|
2,418
|
|
|
1,798
|
|
|
1,185
|
|
|
1,635
|
|
|
2,464
|
|
|
4,008
|
|
|
|
|
|
|
|
Money Market Funds
|
|
|
(1,643)
|
|
|
4,294
|
|
|
(2,080)
|
|
|
(2,158)
|
|
|
(1,362)
|
|
|
(6,970)
|
|
|
421
|
|
|
(358)
|
|
|
2,208
|
|
|
4,730
|
|
|
(717)
|
|
|
(451)
|
|
|
251
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Interest-Earning Assets (7)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in millions of dollars)
|
|
|
141,884
|
|
|
144,695
|
|
|
147,495
|
|
|
148,911
|
|
|
152,247
|
|
|
152,697
|
|
|
153,466
|
|
|
155,369
|
|
|
158,238
|
|
|
160,638
|
|
|
162,639
|
|
|
165,351
|
|
|
167,388
|
|
|
1%
|
|
|
18%
|
|
(1)
|
|
November 2015 includes an inflow of $10.2 billion from a mutual
fund clearing services client. September 2015 includes an inflow
of $4.9 billion from a mutual fund clearing services client. June
2015 includes an inflow of $8.1 billion from a mutual fund
clearing services client. April 2015 includes inflows of $9.3
billion from certain mutual fund clearing service clients.
February 2015 includes an outflow of $11.6 billion relating to the
Company's planned resignation from an Advisor Services cash
management relationship.
|
|
(2)
|
|
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.
|
|
(3)
|
|
Excludes Retirement Business Services Trust.
|
|
(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 total interest-earning assets on the Company's balance
sheet.
|
|
|
|
|
View source version on businesswire.com: http://www.businesswire.com/news/home/20151214005265/en/
Copyright Business Wire 2015