Schwab Reports Monthly Activity Highlights
-
Core net new assets brought to the company by new and existing clients totaled
. Net new assets excluding mutual fund clearing totaled$40.6 billion .$41.6 billion -
Total client assets were
as of month-end February, up$7.69 trillion 11% fromFebruary 2021 and down2% compared toJanuary 2022 . -
Average margin balances were
in February, up$84.4 billion 22% fromFebruary 2021 and down3% compared toJanuary 2022 .
CFO
About Charles Schwab
The Charles Schwab Corporation Monthly Activity Report For |
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2021 |
2022 |
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 | 30,932 |
|
32,982 |
|
33,875 |
|
34,529 |
|
34,503 |
|
34,935 |
|
35,361 |
|
33,844 |
|
35,820 |
|
34,484 |
|
36,338 |
|
35,132 |
|
33,893 |
|
(4 |
%) |
10 |
% |
|||||||||||||||
Nasdaq Composite | 13,192 |
|
13,247 |
|
13,963 |
|
13,749 |
|
14,504 |
|
14,673 |
|
15,259 |
|
14,449 |
|
15,498 |
|
15,538 |
|
15,645 |
|
14,240 |
|
13,751 |
|
(3 |
%) |
4 |
% |
|||||||||||||||
Standard & Poor’s® 500 | 3,811 |
|
3,973 |
|
4,181 |
|
4,204 |
|
4,298 |
|
4,395 |
|
4,523 |
|
4,308 |
|
4,605 |
|
4,567 |
|
4,766 |
|
4,516 |
|
4,374 |
|
(3 |
%) |
15 |
% |
|||||||||||||||
Client Assets (in billions of dollars) | |||||||||||||||||||||||||||||||||||||||||||||
Beginning Client Assets | 6,759.6 |
|
6,900.5 |
|
7,069.1 |
|
7,336.1 |
|
7,395.7 |
|
7,574.8 |
|
7,642.7 |
|
7,838.2 |
|
7,614.0 |
|
7,982.3 |
|
7,918.3 |
|
8,138.0 |
|
7,803.8 |
|
|||||||||||||||||||
Net New Assets (1) | 37.0 |
|
62.6 |
|
37.2 |
|
28.1 |
|
43.5 |
|
44.3 |
|
51.8 |
|
42.9 |
|
22.9 |
|
31.4 |
|
80.3 |
|
33.6 |
|
40.6 |
|
21 |
% |
10 |
% |
|||||||||||||||
103.9 |
|
106.0 |
|
229.8 |
|
31.5 |
|
135.6 |
|
23.6 |
|
143.7 |
|
(267.1 |
) |
345.4 |
|
(95.4 |
) |
139.4 |
|
(367.8 |
) |
(157.8 |
) |
||||||||||||||||||||
Total Client Assets (at month end) | 6,900.5 |
|
7,069.1 |
|
7,336.1 |
|
7,395.7 |
|
7,574.8 |
|
7,642.7 |
|
7,838.2 |
|
7,614.0 |
|
7,982.3 |
|
7,918.3 |
|
8,138.0 |
|
7,803.8 |
|
7,686.6 |
|
(2 |
%) |
11 |
% |
|||||||||||||||
Core Net New Assets (2) | 51.4 |
|
62.6 |
|
37.2 |
|
28.1 |
|
43.5 |
|
44.3 |
|
51.8 |
|
42.9 |
|
36.8 |
|
45.1 |
|
80.3 |
|
33.6 |
|
40.6 |
|
21 |
% |
(21 |
%) |
|||||||||||||||
Receiving Ongoing Advisory Services (at month end) | |||||||||||||||||||||||||||||||||||||||||||||
Investor Services | 481.3 |
|
495.2 |
|
511.1 |
|
517.8 |
|
525.1 |
|
531.9 |
|
542.5 |
|
530.1 |
|
548.3 |
|
543.1 |
|
559.2 |
|
541.9 |
|
533.7 |
|
(2 |
%) |
11 |
% |
|||||||||||||||
Advisor Services (3) | 2,913.3 |
|
2,997.9 |
|
3,112.5 |
|
3,150.4 |
|
3,209.3 |
|
3,256.5 |
|
3,333.4 |
|
3,253.2 |
|
3,399.8 |
|
3,374.3 |
|
3,505.2 |
|
3,382.4 |
|
3,342.5 |
|
(1 |
%) |
15 |
% |
|||||||||||||||
Client Accounts (at month end, in thousands) | |||||||||||||||||||||||||||||||||||||||||||||
Active Brokerage Accounts | 31,523 |
|
31,902 |
|
31,877 |
|
32,110 |
|
32,265 |
|
32,386 |
|
32,513 |
|
32,675 |
|
32,796 |
|
32,942 |
|
33,165 |
|
33,308 |
|
33,421 |
|
- |
|
6 |
% |
|||||||||||||||
Banking Accounts | 1,542 |
|
1,608 |
|
1,562 |
|
1,584 |
|
1,574 |
|
1,578 |
|
1,594 |
|
1,580 |
|
1,593 |
|
1,608 |
|
1,614 |
|
1,628 |
|
1,641 |
|
1 |
% |
6 |
% |
|||||||||||||||
Corporate Retirement Plan Participants | 2,093 |
|
2,105 |
|
2,116 |
|
2,130 |
|
2,149 |
|
2,159 |
|
2,188 |
|
2,207 |
|
2,213 |
|
2,198 |
|
2,200 |
|
2,216 |
|
2,235 |
|
1 |
% |
7 |
% |
|||||||||||||||
Client Activity | |||||||||||||||||||||||||||||||||||||||||||||
New Brokerage Accounts (in thousands) | 1,211 |
|
847 |
|
609 |
|
549 |
|
499 |
|
402 |
|
402 |
|
374 |
|
397 |
|
448 |
|
473 |
|
426 |
|
356 |
|
(16 |
%) |
(71 |
%) |
|||||||||||||||
Client Cash as a Percentage of Client Assets (4) | 11.8 |
% |
11.5 |
% |
10.9 |
% |
10.8 |
% |
10.5 |
% |
10.4 |
% |
10.3 |
% |
10.8 |
% |
10.4 |
% |
10.5 |
% |
10.9 |
% |
11.3 |
% |
11.5 |
% |
20 bp | (30) bp | |||||||||||||||||
Derivative Trades as a Percentage of Total Trades | 16.6 |
% |
18.5 |
% |
20.4 |
% |
20.9 |
% |
20.6 |
% |
22.2 |
% |
23.1 |
% |
23.1 |
% |
22.5 |
% |
23.4 |
% |
23.0 |
% |
22.4 |
% |
24.0 |
% |
160 bp | 740 bp | |||||||||||||||||
Selected Average Balances (in millions of dollars) | |||||||||||||||||||||||||||||||||||||||||||||
Average Interest-Earning Assets (5) | 514,885 |
|
520,074 |
|
527,194 |
|
528,642 |
|
536,146 |
|
546,579 |
|
552,372 |
|
565,379 |
|
574,181 |
|
584,362 |
|
605,709 |
|
622,997 |
|
629,042 |
|
1 |
% |
22 |
% |
|||||||||||||||
Average Margin Balances | 69,064 |
|
71,266 |
|
72,863 |
|
75,921 |
|
78,410 |
|
79,910 |
|
81,021 |
|
81,705 |
|
83,835 |
|
87,311 |
|
88,328 |
|
86,737 |
|
84,354 |
|
(3 |
%) |
22 |
% |
|||||||||||||||
Average Bank Deposit Account Balances (6) | 167,433 |
|
164,866 |
|
162,392 |
|
160,459 |
|
161,377 |
|
151,275 |
|
150,896 |
|
152,330 |
|
154,040 |
|
153,877 |
|
154,918 |
|
157,706 |
|
153,824 |
|
(2 |
%) |
(8 |
%) |
|||||||||||||||
Equities | 14,246 |
|
16,301 |
|
13,422 |
|
9,854 |
|
10,873 |
|
7,418 |
|
8,808 |
|
7,596 |
|
8,840 |
|
13,099 |
|
11,519 |
|
7,384 |
|
9,371 |
|
|||||||||||||||||||
Hybrid | 832 |
|
1,133 |
|
877 |
|
1 |
|
390 |
|
666 |
|
569 |
|
335 |
|
81 |
|
308 |
|
(1,207 |
) |
(367 |
) |
(478 |
) |
|||||||||||||||||||
Bonds | 9,334 |
|
8,237 |
|
8,940 |
|
5,906 |
|
10,101 |
|
6,917 |
|
8,044 |
|
6,232 |
|
4,425 |
|
4,097 |
|
5,600 |
|
1,804 |
|
(1,973 |
) |
|||||||||||||||||||
Mutual Funds (7) | 6,273 |
|
6,190 |
|
5,754 |
|
2,022 |
|
5,872 |
|
2,644 |
|
3,876 |
|
(308 |
) |
302 |
|
189 |
|
(2,859 |
) |
(4,961 |
) |
(6,318 |
) |
|||||||||||||||||||
Exchange-Traded Funds (8) | 18,139 |
|
19,481 |
|
17,485 |
|
13,739 |
|
15,492 |
|
12,357 |
|
13,545 |
|
14,471 |
|
13,044 |
|
17,315 |
|
18,771 |
|
13,782 |
|
13,238 |
|
|||||||||||||||||||
Money Market Funds | (4,405 |
) |
(4,528 |
) |
(5,153 |
) |
(3,988 |
) |
(3,806 |
) |
(2,501 |
) |
(1,372 |
) |
(1,512 |
) |
(451 |
) |
(1,725 |
) |
(144 |
) |
(1,984 |
) |
(1,086 |
) |
Note: Certain supplemental details related to the information above can be found at: https://www.aboutschwab.com/financial-reports. | ||||||||||||||||||||||||||||||
(1) |
||||||||||||||||||||||||||||||
(2) |
Net new assets before significant one-time inflows or outflows, such as acquisitions/divestitures or extraordinary flows (generally greater than |
|||||||||||||||||||||||||||||
(3) |
Excludes Retirement Business Services. | |||||||||||||||||||||||||||||
(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. | |||||||||||||||||||||||||||||
(5) |
Represents average total interest-earning assets on the company's balance sheet. | |||||||||||||||||||||||||||||
(6) |
Represents average TD Ameritrade 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:
Charles Schwab
Phone: 415-667-1525
INVESTORS/ANALYSTS:
Charles Schwab
Phone: 415-667-1524
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