Schwab Reports Monthly Activity Highlights

WESTLAKE, Texas--(BUSINESS WIRE)-- The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of February 2025 include:

• Core net new assets brought to the company by new and existing clients totaled $48.0 billion – a year-over-year increase of approximately 44%.
• Total client assets equaled $10.28 trillion as of month-end February, up 16% from February 2024 and down 1% compared to January 2025.
• New brokerage accounts opened during the month totaled 362,000, representing the 15^th consecutive month of at least 300,000 new account opens.
• February daily average trades rose 1% month-over-month to 7.45 million, driven by a continued interest in equity securities.
• Transactional sweep cash increased by $4.7 billion to end February at $404.3 billion.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 36.9 million active brokerage accounts, 5.5 million workplace plan participant accounts, 2.0 million banking accounts, and $10.28 trillion in client assets as of February 28, 2025. 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 subsidiary, Charles Schwab & Co., Inc. (member SIPC, https://www.sipc.org), and its 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.

The Charles Schwab Corporation Monthly Activity Report For February 2025
		2024																																	2025						Change
		Feb			Mar			Apr			May			Jun			Jul			Aug			Sep			Oct			Nov			Dec			Jan			Feb			Mo.			Yr.
Market Indices (at month end)
Dow Jones Industrial Average®		38,996			39,807			37,816			38,686			39,119			40,843			41,563			42,330			41,763			44,911			42,544			44,545			43,841			(2	%)		12	%
Nasdaq Composite®		16,092			16,379			15,658			16,735			17,733			17,599			17,714			18,189			18,095			19,218			19,311			19,627			18,847			(4	%)		17	%
Standard & Poor’s® 500		5,096			5,254			5,036			5,278			5,460			5,522			5,648			5,762			5,705			6,032			5,882			6,041			5,955			(1	%)		17	%
Client Assets (in billions of dollars)
Beginning Client Assets		8,558.1			8,879.5			9,118.4			8,847.5			9,206.3			9,407.5			9,572.1			9,737.7			9,920.5			9,852.0			10,305.4			10,101.3			10,333.1
Net New Assets (1)		31.7			41.7			10.0			31.0			33.2			29.0			31.5			30.3			22.7			25.5			60.2			30.5			46.6			53	%		47	%
Net Market Gains (Losses)		289.7			197.2			(280.9	)		327.8			168.0			135.6			134.1			152.5			(91.2	)		427.9			(264.3	)		201.3			(99.5	)
Total Client Assets (at month end)		8,879.5			9,118.4			8,847.5			9,206.3			9,407.5			9,572.1			9,737.7			9,920.5			9,852.0			10,305.4			10,101.3			10,333.1			10,280.2			(1	%)		16	%
Core Net New Assets (1,2)		33.4			45.0			1.0			31.1			29.1			29.0			32.8			33.5			24.6			28.8			61.4			30.6			48.0			57	%		44	%
Receiving Ongoing Advisory Services (at month end)
Investor Services		601.8			618.5			602.2			624.0			632.9			649.1			663.7			675.1			665.6			688.9			682.0			698.7			703.5			1	%		17	%
Advisor Services		3,902.5			4,009.5			3,893.9			4,027.3			4,090.0			4,185.4			4,268.1			4,343.8			4,303.3			4,489.2			4,379.7			4,496.6			4,493.2			-			15	%
Client Accounts (at month end, in thousands)
Active Brokerage Accounts		35,127			35,301			35,426			35,524			35,612			35,743			35,859			35,982			36,073			36,222			36,456			36,709			36,861			-			5	%
Banking Accounts		1,871			1,885			1,901			1,916			1,931			1,937			1,940			1,954			1,967			1,980			1,998			2,019			2,033			1	%		9	%
Workplace Plan Participant Accounts (3)		5,268			5,277			5,282			5,345			5,363			5,382			5,373			5,388			5,407			5,393			5,399			5,450			5,464			-			4	%
Client Activity
New Brokerage Accounts (in thousands)		345			383			361			314			310			327			324			321			331			357			431			433			362			(16	%)		5	%
Client Cash as a Percentage of Client Assets (4)		10.2	%		10.0	%		10.2	%		9.9	%		9.7	%		9.6	%		9.5	%		9.5	%		9.8	%		9.5	%		10.1	%		9.8	%		10.0	%		20 bp			(20) bp
Derivative Trades as a Percentage of Total Trades		22.2	%		21.9	%		22.1	%		21.9	%		21.3	%		21.2	%		20.8	%		21.5	%		21.4	%		19.7	%		18.6	%		19.3	%		19.9	%		60 bp			(230) bp
Selected Average Balances (in millions of dollars)
Average Interest-Earning Assets (5)		434,822			431,456			423,532			415,950			417,150			417,379			420,191			420,203			422,327			425,789			431,177			431,523			424,805			(2	%)		(2	%)
Average Margin Balances		63,600			66,425			68,827			67,614			69,730			73,206			73,326			72,755			74,105			76,932			81,507			82,551			84,233			2	%		32	%
Average Bank Deposit Account Balances (6)		92,075			90,774			88,819			86,844			85,195			83,979			82,806			82,336			83,261			84,385			85,384			84,790			83,089			(2	%)		(10	%)
Mutual Fund and Exchange-Traded Fund
Net Buys (Sells) (7,8) (in millions of dollars)
Equities		7,624			10,379			3,472			5,734			3,379			10,908			5,609			5,217			7,176			13,226			14,805			10,050			4,987
Hybrid		(1,330	)		(439	)		(703	)		(558	)		(843	)		(1,155	)		(1,377	)		(432	)		(1,397	)		(329	)		124			(1,324	)		(464	)
Bonds		9,883			7,561			5,949			5,854			6,346			8,651			10,919			11,015			10,442			7,473			10,969			8,747			12,162
Net Buy (Sell) Activity (in millions of dollars)
Mutual Funds (7)		(1,348	)		(1,607	)		(4,818	)		(5,544	)		(4,254	)		(4,679	)		(4,003	)		(1,261	)		(4,905	)		(4,492	)		(4,331	)		(6,785	)		(3,971	)
Exchange-Traded Funds (8)		17,525			19,108			13,536			16,574			13,136			23,083			19,154			17,061			21,126			24,862			30,229			24,258			20,656
Money Market Funds		10,129			9,085			(2,357	)		9,790			3,858			9,110			8,048			9,672			11,032			9,172			8,956			11,584			12,306

		Note: Certain supplemental details related to the information above can be found at: https://www.aboutschwab.com/financial-reports.
(1)		Unless otherwise noted, differences between net new assets and core net new assets are net flows from off-platform Schwab Bank Retail CDs. 2024 also includes an inflow of $10.3 billion from a mutual fund clearing services client in April and outflows from a large international relationship of $0.1 billion in August, $0.3 billion in October, and $0.6 billion in November.
(2)		Net new assets before significant one-time inflows or outflows, such as acquisitions/divestitures or extraordinary flows (generally greater than $25 billion beginning in 2025; $10 billion in prior periods) relating to a specific client, and activity from off-platform Schwab Bank Retail CDs. These flows may span multiple reporting periods.
(3)		Includes accounts in Retirement Plan Services, Stock Plan Services, Designated Brokerage Services, and Retirement Business Services; Participants may be enrolled in services in more than one Workplace business.
(4)		Schwab One®, certain cash equivalents, bank deposits, third-party bank deposit accounts, and money market fund balances as a percentage of total client assets; client cash excludes brokered CDs issued by Charles Schwab Bank.
(5)		Represents average total interest-earning assets on the Company's balance sheet.
(6)		Represents average clients’ uninvested cash sweep account balances held in deposit accounts at third-party financial institutions.
(7)		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.
(8)		Represents the principal value of client ETF transactions handled by Schwab, including transactions in proprietary ETFs.

 

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MEDIA:

Mayura Hooper

Charles Schwab

Phone: 415-667-1525



INVESTORS/ANALYSTS:

Jeff Edwards

Charles Schwab

Phone: 817-854-6177

Source: The Charles Schwab Corporation