Schwab Reports Monthly Activity Highlights
-
Core net new assets brought to the company by new and existing clients totaled
$2.7 billion -
Total client assets equaled
$9.89 trillion 12% from April 2024 and essentially flat compared to March 2025. -
New brokerage accounts opened during the month totaled 439,000, up
22% versus April 2024 and up13% from March 2025. -
Investor engagement remained strong, with April daily average trades increasing
14% month-over-month to 8.36 million. -
Transactional sweep cash declined by
$4.5 billion $403.3 billion
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 37.3 million active brokerage accounts, 5.5 million workplace plan participant accounts, 2.1 million banking accounts, and
| The Charles Schwab Corporation Monthly Activity Report For April 2025 | |||||||||||||||||||||||||||||||||||||||||||||
2024 |
2025 |
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® | 37,816 |
|
38,686 |
|
39,119 |
|
40,843 |
|
41,563 |
|
42,330 |
|
41,763 |
|
44,911 |
|
42,544 |
|
44,545 |
|
43,841 |
|
42,002 |
|
40,669 |
|
(3 |
%) |
8 |
% |
|||||||||||||||
| Nasdaq Composite® | 15,658 |
|
16,735 |
|
17,733 |
|
17,599 |
|
17,714 |
|
18,189 |
|
18,095 |
|
19,218 |
|
19,311 |
|
19,627 |
|
18,847 |
|
17,299 |
|
17,446 |
|
1 |
% |
11 |
% |
|||||||||||||||
| Standard & Poor’s® 500 | 5,036 |
|
5,278 |
|
5,460 |
|
5,522 |
|
5,648 |
|
5,762 |
|
5,705 |
|
6,032 |
|
5,882 |
|
6,041 |
|
5,955 |
|
5,612 |
|
5,569 |
|
(1 |
%) |
11 |
% |
|||||||||||||||
| Client Assets (in billions of dollars) | |||||||||||||||||||||||||||||||||||||||||||||
| Beginning Client Assets | 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 |
|
9,929.7 |
|
|||||||||||||||||||
| Net New Assets (1) | 10.0 |
|
31.0 |
|
33.2 |
|
29.0 |
|
31.5 |
|
30.3 |
|
22.7 |
|
25.5 |
|
60.2 |
|
30.5 |
|
46.6 |
|
55.3 |
|
1.1 |
|
(98 |
%) |
(89 |
%) |
|||||||||||||||
| Net Market (Losses) Gains | (280.9 |
) |
327.8 |
|
168.0 |
|
135.6 |
|
134.1 |
|
152.5 |
|
(91.2 |
) |
427.9 |
|
(264.3 |
) |
201.3 |
|
(99.5 |
) |
(405.8 |
) |
(38.6 |
) |
|||||||||||||||||||
| Total Client Assets (at month end) | 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 |
|
9,929.7 |
|
9,892.2 |
|
- |
|
12 |
% |
|||||||||||||||
| Core Net New Assets (1,2) | 1.0 |
|
31.1 |
|
29.1 |
|
29.0 |
|
32.8 |
|
33.5 |
|
24.6 |
|
28.8 |
|
61.4 |
|
30.6 |
|
48.0 |
|
59.1 |
|
2.7 |
|
(95 |
%) |
170 |
% |
|||||||||||||||
| Receiving Ongoing Advisory Services (at month end) | |||||||||||||||||||||||||||||||||||||||||||||
| Investor Services | 602.2 |
|
624.0 |
|
632.9 |
|
649.1 |
|
663.7 |
|
675.1 |
|
665.6 |
|
688.9 |
|
682.0 |
|
698.7 |
|
703.5 |
|
688.8 |
|
688.2 |
|
- |
|
14 |
% |
|||||||||||||||
| Advisor Services | 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 |
|
4,372.3 |
|
4,353.0 |
|
- |
|
12 |
% |
|||||||||||||||
| Client Accounts (at month end, in thousands) | |||||||||||||||||||||||||||||||||||||||||||||
| Active Brokerage Accounts | 35,426 |
|
35,524 |
|
35,612 |
|
35,743 |
|
35,859 |
|
35,982 |
|
36,073 |
|
36,222 |
|
36,456 |
|
36,709 |
|
36,861 |
|
37,011 |
|
37,254 |
|
1 |
% |
5 |
% |
|||||||||||||||
| Banking Accounts | 1,901 |
|
1,916 |
|
1,931 |
|
1,937 |
|
1,940 |
|
1,954 |
|
1,967 |
|
1,980 |
|
1,998 |
|
2,019 |
|
2,033 |
|
2,050 |
|
2,066 |
|
1 |
% |
9 |
% |
|||||||||||||||
| Workplace Plan Participant Accounts (3) | 5,282 |
|
5,345 |
|
5,363 |
|
5,382 |
|
5,373 |
|
5,388 |
|
5,407 |
|
5,393 |
|
5,399 |
|
5,450 |
|
5,464 |
|
5,495 |
|
5,518 |
|
- |
|
4 |
% |
|||||||||||||||
| Client Activity | |||||||||||||||||||||||||||||||||||||||||||||
| New Brokerage Accounts (in thousands) | 361 |
|
314 |
|
310 |
|
327 |
|
324 |
|
321 |
|
331 |
|
357 |
|
431 |
|
433 |
|
362 |
|
388 |
|
439 |
|
13 |
% |
22 |
% |
|||||||||||||||
| Client Cash as a Percentage of Client Assets (4) | 10.2 |
% |
9.9 |
% |
9.7 |
% |
9.6 |
% |
9.5 |
% |
9.5 |
% |
9.8 |
% |
9.5 |
% |
10.1 |
% |
9.8 |
% |
10.0 |
% |
10.6 |
% |
10.5 |
% |
(10) bp | 30 bp | |||||||||||||||||
| Derivative Trades as a Percentage of Total Trades | 22.1 |
% |
21.9 |
% |
21.3 |
% |
21.2 |
% |
20.8 |
% |
21.5 |
% |
21.4 |
% |
19.7 |
% |
18.6 |
% |
19.3 |
% |
19.9 |
% |
19.5 |
% |
18.4 |
% |
(110) bp | (370) bp | |||||||||||||||||
| Selected Average Balances (in millions of dollars) | |||||||||||||||||||||||||||||||||||||||||||||
| Average Interest-Earning Assets (5) | 423,532 |
|
415,950 |
|
417,150 |
|
417,379 |
|
420,191 |
|
420,203 |
|
422,327 |
|
425,789 |
|
431,177 |
|
431,523 |
|
424,805 |
|
425,228 |
|
430,884 |
|
1 |
% |
2 |
% |
|||||||||||||||
| Average Margin Balances | 68,827 |
|
67,614 |
|
69,730 |
|
73,206 |
|
73,326 |
|
72,755 |
|
74,105 |
|
76,932 |
|
81,507 |
|
82,551 |
|
84,233 |
|
82,725 |
|
77,478 |
|
(6 |
%) |
13 |
% |
|||||||||||||||
| Average Bank Deposit Account Balances (6) | 88,819 |
|
86,844 |
|
85,195 |
|
83,979 |
|
82,806 |
|
82,336 |
|
83,261 |
|
84,385 |
|
85,384 |
|
84,790 |
|
83,089 |
|
84,302 |
|
84,060 |
|
- |
|
(5 |
%) |
|||||||||||||||
| Mutual Funds and Exchange-Traded Funds | |||||||||||||||||||||||||||||||||||||||||||||
| Net Buys (Sells) (7,8) (in millions of dollars) | |||||||||||||||||||||||||||||||||||||||||||||
| Equities | 3,472 |
|
5,734 |
|
3,379 |
|
10,908 |
|
5,609 |
|
5,217 |
|
7,176 |
|
13,226 |
|
14,805 |
|
10,050 |
|
4,987 |
|
(1,221 |
) |
7,950 |
|
|||||||||||||||||||
| Hybrid | (703 |
) |
(558 |
) |
(843 |
) |
(1,155 |
) |
(1,377 |
) |
(432 |
) |
(1,397 |
) |
(329 |
) |
124 |
|
(1,324 |
) |
(464 |
) |
(603 |
) |
(1,663 |
) |
|||||||||||||||||||
| Bonds | 5,949 |
|
5,854 |
|
6,346 |
|
8,651 |
|
10,919 |
|
11,015 |
|
10,442 |
|
7,473 |
|
10,969 |
|
8,747 |
|
12,162 |
|
11,438 |
|
(1,490 |
) |
|||||||||||||||||||
| Net Buy (Sell) Activity (in millions of dollars) | |||||||||||||||||||||||||||||||||||||||||||||
| Mutual Funds (7) | (4,818 |
) |
(5,544 |
) |
(4,254 |
) |
(4,679 |
) |
(4,003 |
) |
(1,261 |
) |
(4,905 |
) |
(4,492 |
) |
(4,331 |
) |
(6,785 |
) |
(3,971 |
) |
(8,537 |
) |
(13,955 |
) |
|||||||||||||||||||
| Exchange-Traded Funds (8) | 13,536 |
|
16,574 |
|
13,136 |
|
23,083 |
|
19,154 |
|
17,061 |
|
21,126 |
|
24,862 |
|
30,229 |
|
24,258 |
|
20,656 |
|
18,151 |
|
18,752 |
|
|||||||||||||||||||
| Money Market Funds | (2,357 |
) |
9,790 |
|
3,858 |
|
9,110 |
|
8,048 |
|
9,672 |
|
11,032 |
|
9,172 |
|
8,956 |
|
11,584 |
|
12,306 |
|
14,586 |
|
(6,158 |
) |
|||||||||||||||||||
|
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 |
(2) |
Net new assets before significant one-time inflows or outflows, such as acquisitions/divestitures or extraordinary flows (generally greater than |
(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. |
View source version on businesswire.com: https://www.businesswire.com/news/home/20250514736209/en/
MEDIA:
Mayura Hooper
Charles Schwab
Phone: 415-667-1525
INVESTORS/ANALYSTS:
Jeff Edwards
Charles Schwab
Phone: 817-854-6177
Source: The Charles Schwab Corporation
