Schwab Reports Monthly Activity Highlights
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of April 2016
include:
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160513005124/en/
- Net new assets brought to the company by new and existing clients in April 2016 totaled
$1.3 billion, reflecting client cash disbursements during tax season.
- Total client assets were a record $2.58 trillion as of month-end April, up 1% from April 2015 and up
1% compared to March 2016.
- Client assets receiving ongoing advisory services were also a record $1.29 trillion as of month-end
April, up 2% from April 2015 and up 1% compared to March 2016.
About Charles Schwab
The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with more than 325 offices and 9.9
million active brokerage accounts, 1.5 million corporate retirement plan participants, 1.1 million banking accounts, and
$2.58 trillion in client assets as of April 30, 2016. 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.
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| The Charles Schwab Corporation Monthly Activity Report For April
2016 |
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2015 |
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2016 |
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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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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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17,425 |
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16,466 |
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16,517 |
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17,685 |
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17,774 |
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1 |
% |
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- |
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| Nasdaq Composite |
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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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5,007 |
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4,614 |
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4,558 |
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4,870 |
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4,775 |
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(2 |
%) |
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(3 |
%) |
| Standard & Poor’s 500 |
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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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2,044 |
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1,940 |
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1,932 |
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2,060 |
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2,065 |
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- |
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(1 |
%) |
| Client Assets |
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| (in billions of dollars) |
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| Beginning Client Assets |
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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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2,513.8 |
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2,428.3 |
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2,433.6 |
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2,556.7 |
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| Net New Assets (1) |
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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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15.2 |
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8.1 |
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10.9 |
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13.0 |
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1.3 |
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(90 |
%) |
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(86 |
%) |
| Net Market Gains (Losses) |
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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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(54.7 |
) |
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(93.6 |
) |
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(5.6 |
) |
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110.1 |
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18.2 |
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| Total Client Assets (at month end) |
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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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2,513.8 |
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2,428.3 |
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2,433.6 |
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2,556.7 |
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2,576.2 |
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1 |
% |
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1 |
% |
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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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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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192.6 |
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187.3 |
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187.9 |
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197.9 |
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200.3 |
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1 |
% |
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5 |
% |
| Advisor Services (2) |
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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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1,061.1 |
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1,029.9 |
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1,032.3 |
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1,084.0 |
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1,093.2 |
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1 |
% |
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2 |
% |
| Client Accounts |
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| (at month end, in thousands) |
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| Active Brokerage Accounts |
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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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9,769 |
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9,792 |
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9,826 |
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9,869 |
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9,916 |
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- |
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4 |
% |
| Banking Accounts |
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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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1,033 |
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1,039 |
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1,045 |
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1,047 |
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1,053 |
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1 |
% |
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6 |
% |
| Corporate Retirement Plan Participants |
|
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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|
1,519 |
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1,518 |
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|
1,523 |
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|
1,532 |
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1,532 |
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- |
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4 |
% |
| Client Activity |
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| New Brokerage Accounts (in thousands) |
|
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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|
98 |
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|
83 |
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|
84 |
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|
98 |
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|
103 |
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5 |
% |
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(7 |
%) |
| Inbound Calls (in thousands) |
|
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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|
1,844 |
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|
1,736 |
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1,737 |
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1,902 |
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1,867 |
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(2 |
%) |
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(4 |
%) |
| Web Logins (in thousands) |
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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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32,156 |
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33,268 |
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33,283 |
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38,078 |
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37,854 |
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(1 |
%) |
|
5 |
% |
| Client Cash as a Percentage of Client Assets (3) |
|
11.5 |
% |
|
11.6 |
% |
|
11.7 |
% |
|
11.8 |
% |
|
12.6 |
% |
|
12.9 |
% |
|
12.3 |
% |
|
12.3 |
% |
|
13.0 |
% |
|
13.7 |
% |
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13.7 |
% |
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13.1 |
% |
|
12.8 |
% |
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(30) bp |
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130 bp |
| Mutual Fund and Exchange-Traded Fund |
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| Net Buys (Sells) (4, 5) |
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| (in millions of dollars) |
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| Large Capitalization Stock |
|
(1,496 |
) |
|
(1,410 |
) |
|
(804 |
) |
|
(702 |
) |
|
(664 |
) |
|
(608 |
) |
|
(214 |
) |
|
637 |
|
|
451 |
|
|
(162 |
) |
|
(212 |
) |
|
(462 |
) |
|
(857 |
) |
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| Small / Mid Capitalization Stock |
|
423 |
|
|
(108 |
) |
|
78 |
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|
149 |
|
|
(540 |
) |
|
(108 |
) |
|
17 |
|
|
(2 |
) |
|
(572 |
) |
|
(952 |
) |
|
58 |
|
|
685 |
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|
(86 |
) |
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| International |
|
3,613 |
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|
2,718 |
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|
2,255 |
|
|
947 |
|
|
(266 |
) |
|
(560 |
) |
|
72 |
|
|
427 |
|
|
(918 |
) |
|
469 |
|
|
(28 |
) |
|
833 |
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|
324 |
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| Specialized |
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(5 |
) |
|
25 |
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|
8 |
|
|
410 |
|
|
(390 |
) |
|
(643 |
) |
|
667 |
|
|
744 |
|
|
(495 |
) |
|
(668 |
) |
|
260 |
|
|
191 |
|
|
815 |
|
|
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| Hybrid |
|
(210 |
) |
|
(238 |
) |
|
(133 |
) |
|
(152 |
) |
|
(1,144 |
) |
|
(726 |
) |
|
(110 |
) |
|
(410 |
) |
|
(1,361 |
) |
|
(377 |
) |
|
38 |
|
|
281 |
|
|
14 |
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| Taxable Bond |
|
1,075 |
|
|
1,757 |
|
|
421 |
|
|
(111 |
) |
|
(634 |
) |
|
(91 |
) |
|
628 |
|
|
(1,250 |
) |
|
(4,020 |
) |
|
99 |
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|
546 |
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|
1,628 |
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|
1,098 |
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| Tax-Free Bond |
|
13 |
|
|
(101 |
) |
|
(132 |
) |
|
156 |
|
|
111 |
|
|
35 |
|
|
494 |
|
|
260 |
|
|
731 |
|
|
379 |
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|
641 |
|
|
949 |
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|
479 |
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| Net Buy (Sell) Activity |
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| (in millions of dollars) |
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| Mutual Funds (4) |
|
420 |
|
|
813 |
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|
(725 |
) |
|
(1,101 |
) |
|
(4,712 |
) |
|
(4,336 |
) |
|
(910 |
) |
|
(3,602 |
) |
|
(10,988 |
) |
|
(1,215 |
) |
|
197 |
|
|
1,769 |
|
|
(207 |
) |
|
|
|
|
| Exchange-Traded Funds (5) |
|
2,993 |
|
|
1,830 |
|
|
2,418 |
|
|
1,798 |
|
|
1,185 |
|
|
1,635 |
|
|
2,464 |
|
|
4,008 |
|
|
4,804 |
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|
3 |
|
|
1,106 |
|
|
2,336 |
|
|
1,994 |
|
|
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|
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| Money Market Funds |
|
(6,970 |
) |
|
421 |
|
|
(358 |
) |
|
2,208 |
|
|
4,730 |
|
|
(717 |
) |
|
(451 |
) |
|
251 |
|
|
4,538 |
|
|
1,994 |
|
|
1,359 |
|
|
(2,101 |
) |
|
(3,959 |
) |
|
|
|
|
| Average Interest-Earning Assets (6) |
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|
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|
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|
| (in millions of dollars) |
|
152,697 |
|
|
153,466 |
|
|
155,369 |
|
|
158,238 |
|
|
160,638 |
|
|
162,639 |
|
|
165,351 |
|
|
167,388 |
|
|
172,334 |
|
|
177,332 |
|
|
178,610 |
|
|
181,529 |
|
|
183,341 |
|
|
1 |
% |
|
20 |
% |
| (1) |
|
November, September and June 2015 include inflows of $10.2 billion, $4.9 billion and $8.1 billion,
respectively, from certain mutual fund clearing services clients. April 2015 includes inflows of $9.3 billion from certain
mutual fund clearing service clients.
|
| (2) |
|
Excludes Retirement Business Services Trust and Corporate Brokerage Retirement
Services. |
| (3) |
|
Schwab One®, certain cash equivalents, bank deposits and money market fund
balances as a percentage of total client assets. |
| (4) |
|
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. |
| (5) |
|
Represents the principal value of client ETF transactions handled by Schwab,
including transactions in proprietary ETFs. |
| (6) |
|
Represents total interest-earning assets on the Company's balance sheet. |
MEDIA:
Charles Schwab
Greg Gable, 415-667-0473
or
INVESTORS/ANALYSTS:
Charles Schwab
Rich Fowler, 415-667-1841
View source version on businesswire.com: http://www.businesswire.com/news/home/20160513005124/en/