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Schwab Reports Monthly Activity Highlights

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June 12, 2015 8:45 AM EDT

SAN FRANCISCO--(BUSINESS WIRE)-- The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of May 2015 include:

  • Net new assets brought to the company by new and existing clients in May 2015 totaled $10.1 billion.
  • Total client assets were a record $2.57 trillion as of month-end May, up 9% from May 2014 and up 1% compared to April 2015.
  • Client assets receiving ongoing advisory services were also a record $1.27 trillion as of month-end May, up 10% from May 2014 and up 1% compared to April 2015.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 325 offices and 9.6 million active brokerage accounts, 1.5 million corporate retirement plan participants, 1.0 million banking accounts, and $2.57 trillion in client assets as of May 31, 2015. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, money management 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 May 2015
               
2014 2015   Change

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Mo.

Yr.

Market Indices
(at month end)
Dow Jones Industrial Average 16,717 16,827 16,563 17,098 17,043 17,391 17,828 17,823 17,165 18,133 17,776 17,841 18,011 1 % 8 %
Nasdaq Composite 4,243 4,408 4,370 4,580 4,493 4,631 4,792 4,736 4,635 4,964 4,901 4,941 5,070 3 % 19 %
Standard & Poor’s 500 1,924 1,960 1,931 2,003 1,972 2,018 2,068 2,059 1,995 2,105 2,068 2,086 2,107 1 % 10 %
Client Assets
(in billions of dollars)
Beginning Client Assets 2,312.9 2,354.2 2,401.9 2,382.7 2,448.3 2,403.7 2,440.6 2,478.8 2,463.6 2,445.0 2,531.1 2,524.4 2,549.3
Net New Assets (1, 2) 10.9 11.5 15.9 8.5 10.3 7.9 10.9 14.4 9.3 6.8 12.6 9.1 10.1 11 % (7 %)
Net Market Gains (Losses) 30.4     36.2     (35.1 )   57.1     (54.9 )   29.0     27.3     (29.6 )   (27.9 )   79.3     (19.3 )   15.8   9.4  
Total Client Assets (at month end) 2,354.2     2,401.9     2,382.7     2,448.3     2,403.7     2,440.6     2,478.8     2,463.6     2,445.0     2,531.1     2,524.4     2,549.3   2,568.8   1 % 9 %
 
Receiving Ongoing Advisory Services
(at month end)
Investor Services 163.7 176.5 175.1 180.0 177.3 180.2 183.3 182.5 181.5 187.8 188.4 191.0 192.8 1 % 18 %
Advisor Services (3) 995.3 1,014.9 1,007.2 1,035.3 1,015.3 1,032.4 1,049.0 1,045.6 1,038.4 1,065.8 1,063.4 1,071.9 1,079.3 1 % 8 %
Client Accounts
(at month end, in thousands)
Active Brokerage Accounts 9,228 9,252 9,269 9,288 9,309 9,326 9,346 9,386 9,407 9,435 9,493 9,553 9,572 - 4 %
Banking Accounts 944 950 956 964 970 974 979 985 978 983 986 992 1,000 1 % 6 %
Corporate Retirement Plan Participants (2) 1,346 1,344 1,381 1,383 1,405 1,416 1,416 1,428 1,441 1,475 1,474 1,469 1,469 - 9 %
Client Activity
New Brokerage Accounts (in thousands) 71 76 78 75 76 76 70 97 84 80 110 111 80 (28 %) 13 %
Inbound Calls (in thousands) 1,691 1,806 1,873 1,768 1,755 1,928 1,656 1,980 1,872 1,827 1,930 1,954 1,621 (17 %) (4 %)
Web Logins (in thousands) 32,165 32,768 33,426 32,491 31,098 32,409 31,528 34,580 34,294 35,379 36,278 35,966 32,112 (11 %) -
Cash as a Percentage of Client Assets (4) 12.2 % 11.9 % 12.1 % 11.9 % 12.2 % 12.1 % 11.9 % 12.3 % 12.3 % 11.9 % 12.0 % 11.5 % 11.6 % 10 bp (60) bp
Mutual Fund and Exchange-Traded Fund
Net Buys (Sells) (5, 6)
(in millions of dollars)
Large Capitalization Stock 129 311 773 620 228 1,881 1,538 1,347 1,084 (1,154 ) (586 ) (1,496 ) (1,410 )
Small / Mid Capitalization Stock (564 ) 220 (355 ) (639 ) (127 ) (307 ) 91 (346 ) 488 (12 ) 290 423 (108 )
International 1,240 2,137 817 524 166 (20 ) 794 177 1,630 3,463 4,650 3,613 2,718
Specialized 377 1,690 1,082 373 (24 ) 781 503 566 1,452 748 (47 ) (5 ) 25
Hybrid 406 201 532 165 - (531 ) (363 ) (687 ) 180 138 (284 ) (210 ) (238 )
Taxable Bond 1,346 606 92 683 (3,475 ) 797 577 (1,914 ) 1,298 2,722 924 1,075 1,757
Tax-Free Bond 584 516 277 400 463 584 479 603 598 471 613 13 (101 )
Net Buy (Sell) Activity
(in millions of dollars)
Mutual Funds (5) 2,236 3,313 1,804 612 (4,022 ) 358 254 (4,381 ) 3,174 3,086 1,765 420 813
Exchange-Traded Funds (6) 1,284 2,368 1,414 1,514 1,253 2,827 3,365 4,127 3,556 3,290 3,795 2,993 1,830
Money Market Funds (561 ) (1,664 ) 1,493 1,248 2,224 477 (1,643 ) 4,294 (2,080 ) (2,158 ) (1,362 ) (6,970 ) 421
Average Interest-Earning Assets (7)
(in millions of dollars) 136,588 137,328 137,785 139,027 140,115 141,502 141,884 144,695 147,495 148,911 152,247 152,697 153,466   1 % 12 %
(1)  

April 2015 includes inflows of $9.3 billion from certain mutual fund clearing services clients. February 2015 includes an outflow of $11.6 billion relating to the Company's planned resignation from an Advisor Services cash management relationship. September 2014 includes an inflow of $7.8 billion and outflow of $3.4 billion from certain mutual fund clearing services clients. July 2014 includes an inflow of $2.4 billion from a mutual fund clearing services client.

(2)

In February 2015, the Company increased its reported totals for overall client assets and retirement plan participants by $6.1 billion and 35,000, respectively, to reflect the final impact of the consolidation of its retirement plan recordkeeping platforms as previously announced in September 2013.

(3) Excludes Retirement Business Services Trust.
(4) Schwab One®, other cash equivalents, deposits from banking clients 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 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

Source: The Charles Schwab Corporation


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