Charles Schwab (SCHW) Tot. Client Assets Rose 10% in August 2016

September 15, 2016 8:46 AM EDT

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The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of August 2016 include:

  • Net new assets brought to the company by new and existing clients in August 2016 totaled $10.4 billion.
  • Total client assets were a record $2.71 trillion as of month-end August, up 10% from August 2015 and up from $2.70 trillion in July 2016.
  • New brokerage accounts totaled 96,000 in August, up 10% from August 2015 and up 14% compared to July 2016.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 330 offices and 10.0 million active brokerage accounts, 1.6 million corporate retirement plan participants, 1.1 million banking accounts, and $2.71 trillion in client assets as of August 31, 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.

The Charles Schwab Corporation Monthly Activity Report For August 2016
2015 2016

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 16,528 16,285 17,664 17,720 17,425 16,466 16,517 17,685 17,774 17,787 17,930 18,432 18,401 - 11%
Nasdaq Composite 4,777 4,620 5,054 5,109 5,007 4,614 4,558 4,870 4,775 4,948 4,843 5,162 5,213 1% 9%
Standard & Poor’s 500 1,972 1,920 2,079 2,080 2,044 1,940 1,932 2,060 2,065 2,097 2,099 2,174 2,171 - 10%
Client Assets
(in billions of dollars)
Beginning Client Assets 2,562.5 2,462.4 2,415.9 2,539.9 2,553.3 2,513.8 2,428.3 2,433.6 2,556.7 2,576.2 2,607.2 2,622.0 2,698.2
Net New Assets (1) 9.2 11.8 10.5 17.2 15.2 8.1 10.9 13.0 1.3 16.0 9.3 9.0 10.4 16% 13%
Net Market (Losses) Gains (109.3) (58.3) 113.5 (3.8) (54.7) (93.6) (5.6) 110.1 18.2 15.0 5.5 67.2 1.8
Total Client Assets (at month end) 2,462.4 2,415.9 2,539.9 2,553.3 2,513.8 2,428.3 2,433.6 2,556.7 2,576.2 2,607.2 2,622.0 2,698.2 2,710.4 - 10%
Receiving Ongoing Advisory Services
(at month end)
Investor Services 187.2 184.9 193.3 194.5 192.6 187.3 187.9 197.9 200.3 202.7 205.0 210.2 211.7 1% 13%
Advisor Services (2) 1,039.5 1,019.9 1,072.4 1,075.6 1,061.1 1,029.9 1,032.3 1,084.0 1,093.2 1,103.7 1,110.5 1,142.3 1,149.4 1% 11%
Client Accounts
(at month end, in thousands)
Active Brokerage Accounts 9,671 9,691 9,712 9,731 9,769 9,792 9,826 9,869 9,916 9,948 9,977 9,989 10,021 - 4%
Banking Accounts 1,021 1,027 1,029 1,033 1,033 1,039 1,045 1,047 1,053 1,060 1,065 1,074 1,083 1% 6%
Corporate Retirement Plan Participants 1,488 1,492 1,502 1,514 1,519 1,518 1,523 1,532 1,532 1,555 1,553 1,559 1,565 - 5%
Client Activity
New Brokerage Accounts (in thousands) 87 80 88 76 98 83 84 98 103 81 87 84 96 14% 10%
Inbound Calls (in thousands) 1,807 1,631 1,716 1,554 1,844 1,736 1,737 1,902 1,867 1,554 1,665 1,605 1,755 9% (3%)
Web Logins (in thousands) 34,167 29,550 33,574 30,488 32,156 33,268 33,283 38,078 37,854 38,000 43,220 46,217 42,627 (8%) 25%
Client Cash as a Percentage of Client Assets (3) 12.6% 12.9% 12.3% 12.3% 13.0% 13.7% 13.7% 13.1% 12.8% 12.7% 12.6% 12.5% 12.5% - (10) bp
Mutual Fund and Exchange-Traded Fund

Net Buys (Sells) (4, 5)

(in millions of dollars)
Large Capitalization Stock (664) (608) (214) 637 451 (162) (212) (462) (857) (799) 185 (1,173) (755)
Small / Mid Capitalization Stock (540) (108) 17 (2) (572) (952) 58 685 (86) (272) (113) (320) (214)
International (266) (560) 72 427 (918) 469 (28) 833 324 (207) (1,208) (347) 386
Specialized (390) (643) 667 744 (495) (668) 260 191 815 265 470 357 189
Hybrid (1,144) (726) (110) (410) (1,361) (377) 38 281 14 1,133 (403) (463) (219)
Taxable Bond (634) (91) 628 (1,250) (4,020) 99 546 1,628 1,098 1,526 1,421 1,420 1,888
Tax-Free Bond 111 35 494 260 731 379 641 949 479 940 700 766 920
Net Buy (Sell) Activity
(in millions of dollars)
Mutual Funds (4) (4,712) (4,336) (910) (3,602) (10,988) (1,215) 197 1,769 (207) 620 (2,049) (1,683) (297)
Exchange-Traded Funds (5) 1,185 1,635 2,464 4,008 4,804 3 1,106 2,336 1,994 1,966 3,101 1,923 2,492
Money Market Funds 4,730 (717) (451) 251 4,538 1,994 1,359 (2,101) (3,959) (738) (1,799) 701 (768)
Average Interest-Earning Assets (6)
(in millions of dollars) 160,638 162,639 165,351 167,388 172,334 177,332 178,610 181,529 183,341 184,432 187,933 191,850 194,268 1% 21%
(1) May 2016 includes an inflow of $2.7 billion from a mutual fund clearing services client. November and September 2015 include inflows of $10.2 billion and $4.9 billion, respectively, from certain mutual fund clearing services 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.


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