The Charles Schwab Corporation released its Monthly Activity
Report today. Company highlights for the month of August 2018
include:
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- Core net new assets brought to the
company by new and existing clients in August 2018 totaled
$20.8 billion. Net new assets excluding mutual fund clearing
totaled $18.6 billion.
- Total client assets were a record $3.56
trillion as of month-end August, up 14% from August 2017 and up 2%
compared to July 2018.
- New brokerage accounts totaled 132,000
in August, up 7% from August 2017 and up 12% compared to July
2018.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading
provider of financial services, with more than 345 offices and
11.3 million active brokerage accounts, 1.6 million corporate
retirement plan participants, 1.3 million banking
accounts, and $3.56 trillion in client assets as of August 31,
2018. 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 August 2018
2017 2018
Change
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Mo.
Yr.
Market Indices (at month end) Dow Jones Industrial Average
21,948 22,405 23,377 24,272 24,719 26,149 25,029 24,103 24,163
24,416 24,271 25,415 25,965 2 % 18 % Nasdaq Composite 6,429 6,496
6,728 6,874 6,903 7,411 7,273 7,063 7,066 7,442 7,510 7,672 8,110 6
% 26 % Standard & Poor’s 500 2,472 2,519 2,575 2,648 2,674
2,824 2,714 2,641 2,648 2,705 2,718 2,816 2,902 3 % 17 %
Client
Assets (in billions of dollars) Beginning Client Assets 3,099.9
3,122.3 3,181.2 3,256.5 3,318.8 3,361.8 3,480.5 3,328.8 3,305.4
3,312.1 3,378.1 3,397.0 3,477.9 Net New Assets (1) 18.0 17.8 35.4
15.7 27.0 11.5 (50.5 ) 20.2 0.4 19.4 24.1 16.3 20.8 28 % 16 % Net
Market Gains (Losses) 4.4 41.1 39.9
46.6 16.0 107.2
(101.2 ) (43.6 ) 6.3 46.6
(5.2 ) 64.6 57.2 Total Client
Assets (at month end) 3,122.3 3,181.2
3,256.5 3,318.8 3,361.8
3,480.5 3,328.8 3,305.4
3,312.1 3,378.1 3,397.0
3,477.9 3,555.9 2 % 14 % Core Net New Assets
(2) 18.0 17.8 19.2 15.7 27.0 18.7 21.3 25.6 9.9 19.4 24.1 16.3 20.8
28 % 16 % Receiving Ongoing Advisory Services (at month end)
Investor Services 249.9 255.0 259.8 265.1 268.7 278.6 273.0 273.2
274.7 279.1 280.0 287.0 292.0 2 % 17 % Advisor Services (3) 1,333.1
1,358.6 1,382.6 1,410.8 1,431.1 1,483.7 1,449.5 1,444.4 1,451.6
1,478.0 1,488.7 1,525.5 1,555.3 2 % 17 %
Client Accounts (at
month end, in thousands) Active Brokerage Accounts 10,525 10,565
10,603 10,671 10,755 10,858 10,936 11,005 11,081 11,145 11,202
11,243 11,310 1 % 7 % Banking Accounts 1,167 1,176 1,181 1,192
1,197 1,210 1,218 1,221 1,230 1,240 1,250 1,262 1,274 1 % 9 %
Corporate Retirement Plan Participants
1,550 1,552 1,556 1,564 1,568 1,580 1,580 1,594 1,599 1,599 1,599
1,611 1,621 1 % 5 %
Client Activity New Brokerage Accounts
(in thousands) 123 106 117 122 147 165 138 140 141 122 121 118 132
12 % 7 % Inbound Calls (in thousands) 1,823 1,709 1,988 1,804 2,046
2,303 2,005 2,145 2,034 1,852 1,814 1,849 1,964 6 % 8 % Web Logins
(in thousands) 47,290 39,639 51,454 50,583 54,486 64,488 60,830
58,906 55,980 56,234 56,491 57,137 62,797 10
%
33 % Client Cash as a Percentage of Client Assets (4) 11.4 % 11.1 %
10.9 % 10.8 % 10.8 % 10.4 % 10.9 % 11.0 % 10.9 % 10.6 % 10.7 % 10.5
% 10.4 % (10) bp (100) bp
Mutual Fund and Exchange-Traded
Fund
Net Buys (Sells) (5, 6) (in
millions of dollars)
Large Capitalization Stock (1,683 ) (138 ) (51 ) 85 1,023 496 715
(158 ) 410 953 981 486 918 Small / Mid Capitalization Stock (293 )
45 378 (144 ) 274 (125 ) (167 ) 130 359 753 1,195 768 (186 )
International 1,705 1,549 1,913 2,627 1,852 4,306 2,685 1,546 809
372 (498 ) (529 ) 186 Specialized 279 465 655 58 424 1,569 187 326
122 (19 ) 383 520 (245 ) Hybrid (272 ) 460 (118 ) (263 ) 307 978
(88 ) 529 (541 ) (241 ) (288 ) (548 ) (678 ) Taxable Bond 3,481
3,809 3,466 2,389 2,561 3,284 155 2,117 1,661 1,002 928 879 965
Tax-Free Bond 715 494 452 371 341 1,247 211 247 (113 ) 449 588 306
559
Net Buy (Sell) Activity (in millions of dollars) Mutual
Funds (5) 1,048 3,002 2,401 882 775 4,843 (417 ) 1,976 (36 ) (88 )
555 (522 ) (1,936 ) Exchange-Traded Funds (6) 2,884 3,682 4,294
4,241 6,007 6,912 4,115 2,761 2,743 3,357 2,734 2,404 3,455 Money
Market Funds 2,105 (374 ) 213 1,166 2,968 (5,730 ) (4,292 ) (9,100
) (4,156 ) (2,245 ) (4,919 ) (4,801 ) 704
Average
Interest-Earning Assets (7) (in millions of dollars) 214,458
216,472 219,658 223,292 228,540 234,619 239,922 241,049 239,833
242,584 249,432 254,211 259,137 2 % 21 %
(1) April, March, February, and January 2018 include
outflows of $9.5 billion, $5.4 billion, $71.8 billion, and $7.2
billion, respectively, from certain mutual fund clearing services
clients. October 2017 includes an inflow of $16.2 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20180917005149/en/
MEDIA:Charles SchwabMayura Hooper,
415-667-1525orINVESTORS/ANALYSTS:Charles SchwabRich Fowler,
415-667-1841
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