Schwab Reports Monthly Activity Highlights
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of February 2017
include:
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170314005491/en/
- Net new assets brought to the company by new and existing clients in February 2017 totaled
$6.6 billion, including a $9.0 billion outflow related to a mutual fund clearing services client.
- Total client assets were a record $2.90 trillion as of month-end February, up 19% from February 2016
and up 2% compared to January 2017.
- New brokerage accounts totaled 113,000 in February, up 35% from February 2016 and the third
consecutive month in excess of 100,000 accounts.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 335 offices and
10.3 million active brokerage accounts, 1.5 million corporate retirement plan participants, 1.1 million banking accounts,
and $2.90 trillion in client assets as of February 28, 2017. 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 February
2017 |
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2016 |
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2017 |
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Change
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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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Dec
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Jan
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Feb
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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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16,517 |
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17,685 |
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17,774 |
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17,787 |
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17,930 |
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18,432 |
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18,401 |
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18,308 |
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18,142 |
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19,124 |
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19,763 |
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19,864 |
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20,812 |
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5 |
% |
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26 |
% |
| Nasdaq Composite |
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4,558 |
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|
4,870 |
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4,775 |
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4,948 |
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4,843 |
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5,162 |
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5,213 |
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5,312 |
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5,189 |
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5,324 |
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5,383 |
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5,615 |
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5,825 |
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4 |
% |
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28 |
% |
| Standard & Poor’s 500 |
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1,932 |
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2,060 |
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2,065 |
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2,097 |
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2,099 |
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2,174 |
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2,171 |
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2,168 |
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2,126 |
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2,199 |
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2,239 |
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2,279 |
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2,364 |
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4 |
% |
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22 |
% |
| Client Assets |
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| (in billions of dollars) |
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| Beginning Client Assets |
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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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2,607.2 |
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2,622.0 |
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2,698.2 |
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2,710.4 |
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2,725.3 |
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2,686.7 |
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2,734.6 |
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2,779.5 |
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2,831.3 |
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| Net New Assets (1) |
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10.9 |
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13.0 |
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1.3 |
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16.0 |
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9.3 |
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9.0 |
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10.4 |
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10.6 |
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6.1 |
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11.9 |
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18.9 |
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11.1 |
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6.6 |
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(41 |
%) |
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(39 |
%) |
| Net Market (Losses) Gains |
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(5.6 |
) |
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110.1 |
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18.2 |
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15.0 |
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5.5 |
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67.2 |
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1.8 |
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4.3 |
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(44.7 |
) |
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36.0 |
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26.0 |
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40.7 |
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57.3 |
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| Total Client Assets (at month end) |
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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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2,607.2 |
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2,622.0 |
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2,698.2 |
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2,710.4 |
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2,725.3 |
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2,686.7 |
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2,734.6 |
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2,779.5 |
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2,831.3 |
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2,895.2 |
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2 |
% |
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19 |
% |
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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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187.9 |
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197.9 |
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200.3 |
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202.7 |
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205.0 |
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210.2 |
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211.7 |
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213.4 |
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211.3 |
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213.2 |
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217.1 |
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220.8 |
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227.9 |
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3 |
% |
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21 |
% |
| Advisor Services (2) |
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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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1,103.7 |
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1,110.5 |
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1,142.3 |
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1,149.4 |
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1,155.4 |
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1,140.5 |
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1,161.8 |
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1,184.3 |
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1,208.4 |
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1,239.0 |
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3 |
% |
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20 |
% |
| Client Accounts |
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| (at month end, in thousands) |
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| Active Brokerage Accounts |
|
9,826 |
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9,869 |
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9,916 |
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9,948 |
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9,977 |
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9,989 |
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10,021 |
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|
10,046 |
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10,068 |
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|
10,102 |
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10,155 |
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10,198 |
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10,254 |
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1 |
% |
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4 |
% |
| Banking Accounts |
|
1,045 |
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1,047 |
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1,053 |
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1,060 |
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1,065 |
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|
1,074 |
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|
1,083 |
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|
1,088 |
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|
1,092 |
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|
1,099 |
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|
1,106 |
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1,109 |
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|
1,117 |
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1 |
% |
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7 |
% |
| Corporate Retirement Plan Participants |
|
1,523 |
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|
1,532 |
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1,532 |
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|
1,555 |
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|
1,553 |
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|
1,559 |
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|
1,565 |
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|
1,561 |
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|
1,547 |
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|
1,550 |
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|
1,543 |
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|
1,543 |
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|
1,534 |
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(1 |
%) |
|
1 |
% |
| Client Activity |
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| New Brokerage Accounts (in thousands) |
|
84 |
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|
98 |
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|
103 |
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|
81 |
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|
87 |
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|
84 |
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|
96 |
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|
84 |
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|
84 |
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|
93 |
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|
116 |
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|
111 |
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|
113 |
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2 |
% |
|
35 |
% |
| Inbound Calls (in thousands) |
|
1,737 |
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|
1,902 |
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|
1,867 |
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|
1,554 |
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|
1,665 |
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|
1,605 |
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|
1,755 |
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|
1,633 |
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|
1,565 |
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|
1,642 |
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|
1,931 |
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1,817 |
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|
1,787 |
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(2 |
%) |
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3 |
% |
| Web Logins (in thousands) |
|
33,283 |
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|
38,078 |
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37,854 |
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|
38,000 |
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|
43,220 |
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|
46,217 |
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|
42,627 |
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|
38,237 |
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35,429 |
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37,687 |
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|
40,720 |
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|
40,047 |
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|
40,717 |
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2 |
% |
|
22 |
% |
| Client Cash as a Percentage of Client Assets (3) |
|
13.7 |
% |
|
13.1 |
% |
|
12.8 |
% |
|
12.7 |
% |
|
12.6 |
% |
|
12.5 |
% |
|
12.5 |
% |
|
12.5 |
% |
|
12.8 |
% |
|
12.8 |
% |
|
13.0 |
% |
|
12.7 |
% |
|
12.4 |
% |
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(30) bp |
|
(130) bp |
|
Mutual Fund and Exchange-Traded Fund Net Buys (Sells) (4, 5)
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| (in millions of dollars) |
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| Large Capitalization Stock |
|
(212 |
) |
|
(462 |
) |
|
(857 |
) |
|
(799 |
) |
|
185 |
|
|
(1,173 |
) |
|
(755 |
) |
|
(1,209 |
) |
|
(652 |
) |
|
200 |
|
|
565 |
|
|
265 |
|
|
580 |
|
|
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| Small / Mid Capitalization Stock |
|
58 |
|
|
685 |
|
|
(86 |
) |
|
(272 |
) |
|
(113 |
) |
|
(320 |
) |
|
(214 |
) |
|
460 |
|
|
(190 |
) |
|
877 |
|
|
1,103 |
|
|
1,364 |
|
|
673 |
|
|
|
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| International |
|
(28 |
) |
|
833 |
|
|
324 |
|
|
(207 |
) |
|
(1,208 |
) |
|
(347 |
) |
|
386 |
|
|
(26 |
) |
|
(1 |
) |
|
348 |
|
|
(683 |
) |
|
1,296 |
|
|
1,633 |
|
|
|
|
|
| Specialized |
|
260 |
|
|
191 |
|
|
815 |
|
|
265 |
|
|
470 |
|
|
357 |
|
|
189 |
|
|
(274 |
) |
|
(159 |
) |
|
(1,019 |
) |
|
20 |
|
|
411 |
|
|
1,007 |
|
|
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| Hybrid |
|
38 |
|
|
281 |
|
|
14 |
|
|
1,133 |
|
|
(403 |
) |
|
(463 |
) |
|
(219 |
) |
|
58 |
|
|
(432 |
) |
|
(687 |
) |
|
(456 |
) |
|
(53 |
) |
|
258 |
|
|
|
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|
| Taxable Bond |
|
546 |
|
|
1,628 |
|
|
1,098 |
|
|
1,526 |
|
|
1,421 |
|
|
1,420 |
|
|
1,888 |
|
|
1,585 |
|
|
1,475 |
|
|
(1,110 |
) |
|
1,045 |
|
|
3,144 |
|
|
3,535 |
|
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| Tax-Free Bond |
|
641 |
|
|
949 |
|
|
479 |
|
|
940 |
|
|
700 |
|
|
766 |
|
|
920 |
|
|
539 |
|
|
20 |
|
|
(1,090 |
) |
|
(1,692 |
) |
|
864 |
|
|
472 |
|
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| Net Buy (Sell) Activity |
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| (in millions of dollars) |
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| Mutual Funds (4) |
|
197 |
|
|
1,769 |
|
|
(207 |
) |
|
620 |
|
|
(2,049 |
) |
|
(1,683 |
) |
|
(297 |
) |
|
(656 |
) |
|
(1,979 |
) |
|
(5,864 |
) |
|
(5,825 |
) |
|
2,522 |
|
|
4,005 |
|
|
|
|
|
| Exchange-Traded Funds (5) |
|
1,106 |
|
|
2,336 |
|
|
1,994 |
|
|
1,966 |
|
|
3,101 |
|
|
1,923 |
|
|
2,492 |
|
|
1,789 |
|
|
2,040 |
|
|
3,383 |
|
|
5,727 |
|
|
4,769 |
|
|
4,153 |
|
|
|
|
|
| Money Market Funds |
|
1,359 |
|
|
(2,101 |
) |
|
(3,959 |
) |
|
(738 |
) |
|
(1,799 |
) |
|
701 |
|
|
(768 |
) |
|
(658 |
) |
|
211 |
|
|
1,851 |
|
|
1,141 |
|
|
(1,761 |
) |
|
(181 |
) |
|
|
|
|
| Average Interest-Earning Assets (6) |
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|
|
|
|
|
|
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|
|
|
|
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|
| (in millions of dollars) |
|
178,610 |
|
|
181,529 |
|
|
183,341 |
|
|
184,432 |
|
|
187,933 |
|
|
191,850 |
|
|
194,268 |
|
|
199,107 |
|
|
201,894 |
|
|
206,970 |
|
|
212,052 |
|
|
216,001 |
|
|
216,112 |
|
|
- |
|
|
21 |
% |
| (1) |
|
February 2017 includes an outflow of $9.0 billion from a mutual fund clearing
services client. May 2016 includes an inflow of $2.7 billion from a mutual fund clearing services client. |
| (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 average total interest-earning assets on the Company's balance sheet. |
MEDIA:
Charles Schwab
Joe Carberry, 415-667-1677
or
INVESTORS/ANALYSTS:
Charles Schwab
Rich Fowler, 415-667-1841
View source version on businesswire.com: http://www.businesswire.com/news/home/20170314005491/en/