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Schwab Reports Monthly Activity Highlights

The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of April 2020 include:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200514005225/en/

  • Core net new assets brought to the company by new and existing clients totaled $15.3 billion. Net new assets excluding mutual fund clearing totaled $14.4 billion. These flows reflect the extension of the federal income tax filing due date from April 15 to July 15.
  • Total client assets were $3.78 trillion as of month-end April, up 3% from April 2019 and up 8% compared to March 2020.
  • Average interest-earning assets on the company’s balance sheet were $353.0 billion in April, up 31% from April 2019 and up 11% compared to March 2020.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 360 offices and 12.9 million active brokerage accounts, 1.7 million corporate retirement plan participants, 1.4 million banking accounts, and $3.8 trillion in client assets as of April 30, 2020. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, https://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 https://www.schwab.com and https://www.aboutschwab.com.

The Charles Schwab Corporation Monthly Activity Report For April 2020
   
 

2019

2020

Change
 AprMayJunJulAugSepOctNovDecJanFebMarAprMo. Yr.
Market Indices (at month end)   
Dow Jones Industrial Average 

26,593

24,815

26,600

26,864

26,403

26,917

27,046

28,051

28,538

28,256

25,409

21,917

24,346

11%

 

(8%)

Nasdaq Composite 

8,095

7,453

8,006

8,175

7,963

7,999

8,292

8,665

8,973

9,151

8,567

7,700

8,890

15%

 

10%

Standard & Poor’s 500 

2,946

2,752

2,942

2,980

2,926

2,977

3,038

3,141

3,231

3,226

2,954

2,585

2,912

13%

 

(1%)

Client Assets (in billions of dollars) 

 

Beginning Client Assets 

3,585.4

3,668.5

3,530.6

3,702.4

3,746.7

3,716.5

3,768.4

3,854.6

3,942.2

4,038.8

4,051.6

3,862.8

3,496.9

 

Net New Assets (1) 

(0.3

)

17.3

20.2

19.3

19.9

17.4

35.2

12.0

30.1

20.9

24.4

27.9

15.3

(45%)

 

N/M

Net Market Gains (Losses) 

83.4

(155.2

)

151.6

25.0

(50.1

)

34.5

51.0

75.6

66.5

(8.1

)

(213.2

)

(393.8

)

266.1

 

Total Client Assets (at month end) 

3,668.5

3,530.6

3,702.4

3,746.7

3,716.5

3,768.4

3,854.6

3,942.2

4,038.8

4,051.6

3,862.8

3,496.9

3,778.3

8%

 

3%

Core Net New Assets (2) 

(0.3

)

17.3

20.2

19.3

19.9

17.4

24.1

12.0

30.1

20.9

24.4

27.9

15.3

(45%)

 

N/M

Receiving Ongoing Advisory Services (at month end) 

 

Investor Services 

305.7

298.5

311.6

314.8

314.2

318.5

324.6

330.8

337.1

336.8

323.2

291.5

309.9

6%

 

1%

Advisor Services (3) 

1,608.0

1,554.6

1,626.6

1,646.1

1,635.7

1,659.4

1,691.6

1,728.2

1,769.7

1,773.2

1,694.0

1,531.3

1,647.9

8%

 

2%

Client Accounts (at month end, in thousands) 

 

Active Brokerage Accounts 

11,870

11,929

11,967

12,026

12,085

12,118

12,189

12,247

12,333

12,431

12,521

12,736

12,866

1%

 

8%

Banking Accounts 

1,310

1,323

1,336

1,352

1,361

1,361

1,374

1,384

1,390

1,403

1,411

1,426

1,439

1%

 

10%

Corporate Retirement Plan Participants 

1,690

1,699

1,698

1,701

1,711

1,718

1,735

1,743

1,748

1,732

1,726

1,721

1,696

(1%)

 

-

Client Activity 

 

New Brokerage Accounts (in thousands) 

147

123

116

129

126

108

142

127

164

167

159

283

201

(29%)

 

37%

Inbound Calls (in thousands) 

1,966

1,671

1,595

1,773

1,759

1,570

1,771

1,605

1,884

1,947

1,831

2,366

1,824

(23%)

 

(7%)

Web Logins (in thousands) 

65,669

61,522

60,824

65,809

63,928

63,530

72,547

66,394

69,733

77,716

76,941

97,523

92,491

(5%)

 

41%

Client Cash as a Percentage of Client Assets (4) 

10.9

%

11.3

%

10.9

%

11.0

%

11.3

%

11.4

%

11.3

%

11.3

%

11.3

%

11.3

%

12.0

%

15.1

%

14.3

%

(80) bp

 

340 bp

Mutual Fund and Exchange-Traded Fund 

 

Net Buys (Sells) (5, 6) (in millions of dollars)  

 

Large Capitalization Stock 

980

1,114

206

717

328

23

900

1,406

991

845

(178

)

984

(693

)

 

Small / Mid Capitalization Stock 

136

(190

)

18

10

(374

)

(212

)

(458

)

73

201

(314

)

(531

)

(954

)

151

 

International 

863

(100

)

225

744

(1,390

)

(355

)

340

735

993

1,360

132

(2,116

)

(2,207

)

 

Specialized 

(109

)

(440

)

341

418

353

583

618

484

455

762

397

333

2,059

 

Hybrid 

(228

)

(316

)

(181

)

(366

)

(569

)

(372

)

(202

)

(290

)

(96

)

615

(257

)

(4,790

)

(860

)

 

Taxable Bond 

3,029

1,821

2,378

3,806

2,725

2,935

2,813

2,274

4,710

5,714

3,830

(23,142

)

1,642

 

Tax-Free Bond 

760

1,057

682

960

760

593

809

860

1,255

1,481

1,066

(5,229

)

(242

)

 

Net Buy (Sell) Activity (in millions of dollars) 

 

Mutual Funds (5) 

1,860

86

7

2,151

(1,281

)

(573

)

(473

)

(761

)

1,097

2,684

(565

)

(34,382

)

(3,863

)

 

Exchange-Traded Funds (6) 

3,571

2,860

3,662

4,138

3,114

3,768

5,293

6,303

7,412

7,779

5,024

(532

)

3,713

 

Money Market Funds 

(2,097

)

5,067

4,570

6,143

6,068

5,833

7,059

4,768

1,515

1,911

1,312

(1,233

)

8,465

 

Average Interest-Earning Assets (7) 

 

(in millions of dollars) 

270,308

263,718

262,759

263,993

265,005

266,430

266,089

268,254

274,911

279,437

278,966

317,850

353,018

11%

 

31%

(1)

October 2019 includes an inflow of $11.1 billion from a mutual fund clearing services client.

(2)

Net new assets before significant one-time inflows or outflows, such as acquisitions/divestitures or extraordinary flows (generally greater than $10 billion) relating to a specific client. These flows may span multiple reporting periods.

(3)

Excludes Retirement Business Services.

(4)

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 average total interest-earning assets on the company's balance sheet.
N/M - Not meaningful

Contacts:

MEDIA:
Mayura Hooper
Charles Schwab
Phone: 415-667-1525

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