Schwab reports February 2026 net new assets of $32.5 billion

The Charles Schwab Corporation (NYSE: SCHW) reported core net new assets of $32.5 billion for February 2026, according to its monthly activity report. This figure includes a $17.5 billion outflow from a planned mutual fund clearing client deconversion. Excluding this one-time item, core net new assets totaled $50.0 billion.

Total client assets reached $12.22 trillion at the end of February, representing a 19% increase from February 2025 and a 1% rise from January 2026. The company opened 395,000 new brokerage accounts during the month, marking a 9% increase compared to February 2025.

Trading activity reached record levels in February, with daily average trades hitting 9.9 million. Client margin loan balances also set a record at $120.6 billion, up 7% from year-end 2025. The increase in trading activity was accompanied by transactional sweep cash growing by $2.8 billion to $436.1 billion, representing a 1% monthly increase.

The company reported that its diversified financial model continues to perform well, with first quarter revenue growth accelerating to approximately 16% versus the first quarter of 2025. This growth was driven by strong client engagement across trading, wealth, and lending solutions during the quarter.

Assets receiving ongoing advisory services totaled $6.26 trillion at month-end, with $866.8 billion in Investor Services and $5.39 trillion in Advisor Services. Active brokerage accounts reached 38.9 million, while banking accounts totaled 2.3 million and workplace plan participant accounts numbered 5.8 million.

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