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Schwab Reports Monthly Activity Highlights

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The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of April 2021 include:

  • Core net new assets brought to the company by new and existing clients totaled $37.2 billion. Net new assets excluding mutual fund clearing totaled $35.6 billion.
  • Total client assets were $7.34 trillion as of month-end April, up 94% from April 2020 and up 4% compared to March 2021.(1)
  • Average margin balances, which are being included for the first time as part of the company’s Monthly Activity Report, were $72.9 billion in April, up over 200% from April 2020 and up 2% compared to March 2021.(1)

(1)

Year-over-year comparisons are affected by the close of the TD Ameritrade acquisition on October 6, 2020

Commentary from the CFO

Peter Crawford, Executive Vice President and Chief Financial Officer, provides perspectives on recent account activity at: https://www.aboutschwab.com/cfo-commentary.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 31.9 million active brokerage accounts, 2.1 million corporate retirement plan participants, 1.6 million banking accounts, and $7.3 trillion in client assets as of April 30, 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 April 2021
 

2020

2021

Change
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr Mo. Yr.
Market Indices (at month end)
Dow Jones Industrial Average

24,346

 

25,383

 

25,813

 

26,428

 

28,430

 

27,782

 

26,502

 

29,639

 

30,606

 

29,983

 

30,932

 

32,982

 

33,875

 

3

%

39

%

Nasdaq Composite

8,890

 

9,490

 

10,059

 

10,745

 

11,775

 

11,168

 

10,912

 

12,199

 

12,888

 

13,071

 

13,192

 

13,247

 

13,963

 

5

%

57

%

Standard & Poor’s® 500

2,912

 

3,044

 

3,100

 

3,271

 

3,500

 

3,363

 

3,270

 

3,622

 

3,756

 

3,714

 

3,811

 

3,973

 

4,181

 

5

%

44

%

Client Assets (in billions of dollars)
Beginning Client Assets

3,496.9

 

3,778.3

 

4,009.0

 

4,110.1

 

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

 

Net New Assets (1)

15.3

 

97.5

 

24.6

 

11.2

 

20.0

 

20.0

 

1,596.9

 

32.1

 

61.7

 

34.2

 

37.0

 

62.6

 

37.2

 

(41

%)

143

%

Net Market Gains (Losses)

266.1

 

133.2

 

76.5

 

156.7

 

191.7

 

(114.4

)

(113.7

)

510.4

 

209.0

 

33.7

 

103.9

 

106.0

 

229.8

 

Total Client Assets (at month end)

3,778.3

 

4,009.0

 

4,110.1

 

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

 

4

%

94

%

Core Net New Assets (2)

15.3

 

17.6

 

13.7

 

2.7

 

20.0

 

20.0

 

25.6

 

32.1

 

61.7

 

34.2

 

51.4

 

62.6

 

37.2

 

(41

%)

143

%

Receiving Ongoing Advisory Services (at month end) (3)
Investor Services

309.9

 

339.8

 

345.2

 

355.6

 

366.8

 

361.2

 

425.3

 

457.1

 

471.8

 

472.4

 

481.3

 

495.2

 

511.1

 

3

%

65

%

Advisor Services (4)

1,647.9

 

1,711.7

 

1,747.5

 

1,818.5

 

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

 

4

%

89

%

Client Accounts (at month end, in thousands)
Active Brokerage Accounts

12,866

 

14,007

 

14,107

 

14,220

 

14,311

 

14,393

 

29,013

 

29,202

 

29,629

 

30,534

 

31,523

 

31,902

 

31,877

 

-

 

148

%

Banking Accounts

1,439

 

1,448

 

1,463

 

1,480

 

1,493

 

1,486

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