Schwab (CHARLES) Corp. (The) Stock Price, News & Analysis

The Charles Schwab Corporation's Monthly Activity Report for February 2022 reveals core net new assets totaling $40.6 billion, with total client assets reaching $7.69 trillion, up 11% year-over-year. However, this is a 2% decline from January 2022. Average margin balances increased by 22% year-over-year but decreased 3% from January. CFO Peter Crawford noted that market conditions, influenced by events in Ukraine, have lowered client assets and margin balances by 6% and 5% respectively since December. Revenue per trade has also declined by 5-10%.

Schwab Advisor Services is launching a new event called ENGAGE on April 26, aimed at independent advisors managing up to $300 million in client assets. This virtual event will feature prominent leaders, including Bernie Clark and Liz Ann Sonders, offering insights into best practices and market outlooks. The ENGAGE event is part of Schwab's broader initiative to support smaller firms through tailored resources and education. Other upcoming events include ADVANTAGE in March and IMPACT in November, reflecting Schwab's commitment to advisor growth.

Charles Schwab's SDBA Indicators Report for Q4 2021 reveals an average account balance of $352,764, reflecting a year-over-year increase of 6.4%. The report highlights a shift in investment holdings where equities now account for 37% of participant assets, up from 35% in 2020. Notably, advised accounts show higher average balances of $558,470 compared to non-advised accounts, which had $304,164. The data is based on approximately 178,000 retirement plan participants.

Schwab Asset Management has announced forward share splits for five Schwab ETFs, intended to increase the number of shares outstanding while decreasing their Net Asset Value (NAV) per share. This initiative will take effect for shareholders of record as of March 8, 2022, with the trades reflecting the new share prices starting March 11, 2022. The affected ETFs include the Schwab U.S. Large-Cap Growth ETF (SCHG), Schwab U.S. Large-Cap ETF (SCHX), Schwab U.S. Broad Market ETF (SCHB), Schwab U.S. Small-Cap ETF (SCHA), and Schwab U.S. REIT ETF (SCHH). Overall, total investment value for shareholders remains unchanged.

Charles Schwab has launched the Financial Planning Action Center, a new digital platform aimed at enhancing financial planning accessibility. Available since February 23, 2022, this tool allows clients to track tasks, communicate with consultants, and manage financial goals effectively. Key features include a digital dashboard for task management, client engagement enhancements, ongoing alerts, and improved planning efficiency. The initiative comes after a significant increase in digital engagement, evidenced by 3.6 billion logins and over 60,000 financial plans created in 2021, underlining the demand for modern financial tools.

The Charles Schwab Corporation has reported its Monthly Activity Report for January 2022, showcasing significant client engagement. Core net new assets amounted to $33.6 billion, with total client assets reaching $7.80 trillion, marking a 15% year-over-year increase but down 4% month-over-month. Additionally, net new assets, excluding mutual fund clearing, totaled $33.9 billion. Client cash as a percentage of assets was 11.3%, down from 12.2% a year earlier and marginally up from 10.9% in December 2021.