Schwab Reports Monthly Activity Highlights
09/15/2021 - 08:45 AM
WESTLAKE, Texas --(BUSINESS WIRE)--
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of August 2021 include:
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Core net new assets brought to the company by new and existing clients totaled $51.8 billion . Net new assets excluding mutual fund clearing totaled $50.5 billion .
Total client assets were $7.84 trillion as of month-end August, up 75% from August 2020 and up 3% compared to July 2021 .(1)
Derivative trades as a percentage of total trades were 23.1% in August 2021 , compared with 13.8% in August 2020 and 22.2% in July 2021 .(1)
(1)
Year over year comparisons are affected by the close of the TD Ameritrade acquisition on October 6, 2020
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 32.5 million active brokerage accounts, 2.2 million corporate retirement plan participants, 1.6 million banking accounts, and $7.8 trillion in client assets as of August 31, 2021 . Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiaries, Charles Schwab & Co., Inc. , TD Ameritrade, Inc. , and TD Ameritrade Clearing, Inc. , (members SIPC , https://www.sipc.org ), and their 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 primary banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at https://www.aboutschwab.com .
TD Ameritrade, Inc. and TD Ameritrade Clearing, Inc. are separate but affiliated companies and subsidiaries of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation . TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank.
The Charles Schwab Corporation Monthly Activity Report For August 2021
2020
2021
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
28,430
27,782
26,502
29,639
30,606
29,983
30,932
32,982
33,875
34,529
34,503
34,935
35,361
1%
24%
Nasdaq Composite
11,775
11,168
10,912
12,199
12,888
13,071
13,192
13,247
13,963
13,749
14,504
14,673
15,259
4%
30%
Standard & Poor’s® 500
3,500
3,363
3,270
3,622
3,756
3,714
3,811
3,973
4,181
4,204
4,298
4,395
4,523
3%
29%
Client Assets (in billions of dollars)
Beginning Client Assets
4,278.0
4,489.7
4,395.3
5,878.5
6,421.0
6,691.7
6,759.6
6,900.5
7,069.1
7,336.1
7,395.7
7,574.8
7,642.7
Net New Assets (1)
20.0
20.0
1,596.9
32.1
61.7
34.2
37.0
62.6
37.2
28.1
43.5
44.3
51.8
17%
159%
Net Market Gains (Losses)
191.7
(114.4
)
(113.7
)
510.4
209.0
33.7
103.9
106.0
229.8
31.5
135.6
23.6
143.7
Total Client Assets (at month end)
4,489.7
4,395.3
5,878.5
6,421.0
6,691.7
6,759.6
6,900.5
7,069.1
7,336.1
7,395.7
7,574.8
7,642.7
7,838.2
3%
75%
Core Net New Assets (2)
20.0
20.0
25.6
32.1
61.7
34.2
51.4
62.6
37.2
28.1
43.5
44.3
51.8
17%
159%
Receiving Ongoing Advisory Services (at month end) (3)
Investor Services
366.8
361.2
425.3
457.1
471.8
472.4
481.3
495.2
511.1
517.8
525.1
531.9
542.5
2%
48%
Advisor Services (4)
1,900.5
1,870.1
2,505.5
2,715.7
2,828.3
2,840.6
2,913.3
2,997.9
3,112.5
3,150.4
3,209.3
3,256.5
3,333.4
2%
75%
Client Accounts (at month end, in thousands)
Active Brokerage Accounts
14,311
14,393
29,013
29,202
29,629
30,534
31,523
31,902
31,877
32,110
32,265
32,386
32,513
-
127%
Banking Accounts
1,493
1,486
1,496
1,504
1,499
1,518
1,542
1,608
1,562
1,584
1,574
1,578
1,594
1%
7%
Corporate Retirement Plan Participants
1,715
1,722
2,072
2,045
2,054
2,069
2,093
2,105
2,116
2,130
2,149
2,159
2,188
1%
28%
Client Activity
New Brokerage Accounts (in thousands) (5)
202
184
14,718
430
626
1,095
1,211
847
609
549
499
402
402
-
99%
Client Cash as a Percentage of Client Assets (6)
12.5%
12.8%
13.4%
12.4%
12.3%
12.2%
11.8%
11.5%
10.9%
10.8%
10.5%
10.4%
10.3%
(10) bp
(220) bp
Derivative Trades as a Percentage of Total Trades
13.8%
14.5%
20.5%
19.4%
18.9%
17.4%
16.6%
18.5%
20.4%
20.9%
20.6%
22.2%
23.1%
90 bp
930 bp
Selected Average Balances (in millions of dollars)
Average Interest-Earning Assets (7,8)
384,690
392,784
442,119
466,677
482,394
517,306
514,885
520,074
527,194
528,642
536,146
546,579
552,372
1%
44%
Average Margin Balances (8)
21,190
22,780
48,095
53,916
59,142
62,999
69,064
71,266
72,863
75,921
78,410
79,910
79,838
-
N/M
Average Bank Deposit Account Balances (8,9)
-
-
132,030
162,315
163,463
167,980
167,433
164,866
162,392
160,459
161,377
151,275
150,896
-
N/M
Mutual Fund and Exchange-Traded Fund
Net Buys (Sells) (10,11) (in millions of dollars)
Equities
(727
)
(1,372
)
(1,305
)
10,980
13,875
8,234
14,246
16,301
13,422
9,854
10,873
7,418
8,808
Hybrid
(124
)
(12
)
(553
)
(402
)
359
407
832
1,133
877
1
390
666
569
Bonds
9,328
6,857
6,765
5,956
12,169
13,601
9,334
8,237
8,940
5,906
10,101
6,917
8,044
Net Buy (Sell) Activity (in millions of dollars)
Mutual Funds (10)
2,568
757
(2,260
)
2,832
6,336
5,713
6,273
6,190
5,754
2,022
5,872
2,644
3,876
Exchange-Traded Funds (11)
5,909
4,716
7,167
13,702
20,067
16,529
18,139
19,481
17,485
13,739
15,492
12,357
13,545
Money Market Funds
(5,614
)
(6,627
)
(4,021
)
(5,908
)
(7,332
)
(5,248
)
(4,405
)
(4,528
)
(5,153
)
(3,988
)
(3,806
)
(2,501
)
(1,372
)
Note: Certain supplemental details related to the information above can be found at: https://www.aboutschwab.com/financial-reports.
(1)
February 2021 includes an outflow of $14.4 billion from a mutual fund clearing services client. October 2020 includes an inflow of $1.6 trillion related to the acquisition of TD Ameritrade.
(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)
Beginning in December 2020 , AdvisorDirect® assets are presented as Investor Services. In December 2020 , $46.5 billion and $50.4 billion for October and November, respectively, were reclassed from Advisor Services to Investor Services.
(4)
Excludes Retirement Business Services.
(5)
October 2020 includes 14.5 million new brokerage accounts related to the acquisition of TD Ameritrade.
(6)
Schwab One ® , certain cash equivalents, bank deposits, third-party bank deposit accounts, and money market fund balances as a percentage of total client assets.
(7)
Represents average total interest-earning assets on the company's balance sheet.
(8)
October 2020 averages reflect a full month of Schwab balances and 26 days of TD Ameritrade balances following the acquisition closing on October 6, 2020 . Calculating the consolidated daily average from the closing date onwards would result in Average Interest-Earning Assets, Average Margin Balances, and Average Bank Deposit Account Balances of $450,004 million , $52,744 million , and $157,414 million , respectively.
(9)
Represents average TD Ameritrade clients’ uninvested cash sweep account balances held in deposit accounts at third-party financial institutions.
(10)
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.
(11)
Represents the principal value of client ETF transactions handled by Schwab, including transactions in proprietary ETFs.
N/M - Not meaningful. Percentage changes greater than 200% are presented as not meaningful.
View source version on businesswire.com : https://www.businesswire.com/news/home/20210915005285/en/
MEDIA:
Mayura Hooper
Charles Schwab
Phone: 415-667-1525
INVESTORS/ANALYSTS:
Jeff Edwards
Charles Schwab
Phone: 415-667-1524
Source: The Charles Schwab Corporation
SCHW Rankings
#4193 Ranked by Stock Gains
SCHW Stock Data
Industry
Investment Banking and Securities Dealing
Sector
Finance and Insurance
Tags
Finance, Investment Banks/Brokers, Finance and Insurance, Investment Banking and Securities Dealing
About SCHW
The Charles Schwab Corporation is an American multinational financial services company. It offers banking, commercial banking, investing and related services including consulting, and wealth management advisory services to both retail and institutional clients.