Charles Schwab (SCHW) April Total Client Assets Increase 1% MoM

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May 12, 2017 8:48 AM EDT

The Charles Schwab Corporation (NYSE: SCHW) released its Monthly Activity Report today. Company highlights for the month of April 2017 include:

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170512005104/en/

  • Net new assets brought to the company by new and existing clients in April 2017 totaled $2.8 billion, reflecting client cash disbursements during tax season.
  • Total client assets were a record $2.95 trillion as of month-end April, up 14% from April 2016 and up 1% compared to March 2017.
  • New brokerage accounts totaled 125,000 in April, up 21% from April 2016 and the fifth consecutive month in excess of 100,000 accounts.
The Charles Schwab Corporation Monthly Activity Report For April 2017
2016 2017

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 17,774 17,787 17,930 18,432 18,401 18,308 18,142 19,124 19,763 19,864 20,812 20,663 20,941 1% 18%
Nasdaq Composite 4,775 4,948 4,843 5,162 5,213 5,312 5,189 5,324 5,383 5,615 5,825 5,912 6,048 2% 27%
Standard & Poor’s 500 2,065 2,097 2,099 2,174 2,171 2,168 2,126 2,199 2,239 2,279 2,364 2,363 2,384 1% 15%
Client Assets
(in billions of dollars)
Beginning Client Assets 2,556.7 2,576.2 2,607.2 2,622.0 2,698.2 2,710.4 2,725.3 2,686.7 2,734.6 2,779.5 2,831.3 2,895.2 2,922.5
Net New Assets (1) 1.3 16.0 9.3 9.0 10.4 10.6 6.1 11.9 18.9 11.1 6.6 21.2 2.8 (87)% 115%
Net Market Gains (Losses) 18.2 15.0 5.5 67.2 1.8 4.3 (44.7) 36.0 26.0 40.7 57.3 6.1 23.5
Total Client Assets (at month end) 2,576.2 2,607.2 2,622.0 2,698.2 2,710.4 2,725.3 2,686.7 2,734.6 2,779.5 2,831.3 2,895.2 2,922.5 2,948.8 1% 14%
Receiving Ongoing Advisory Services
(at month end)
Investor Services 200.3 202.7 205.0 210.2 211.7 213.4 211.3 213.2 217.1 220.8 227.9 230.9 234.4 2% 17%
Advisor Services (2) 1,093.2 1,103.7 1,110.5 1,142.3 1,149.4 1,155.4 1,140.5 1,161.8 1,184.3 1,208.4 1,239.0 1,250.9 1,262.7 1% 16%
Client Accounts
(at month end, in thousands)
Active Brokerage Accounts 9,916 9,948 9,977 9,989 10,021 10,046 10,068 10,102 10,155 10,198 10,254 10,320 10,386 1% 5%
Banking Accounts 1,053 1,060 1,065 1,074 1,083 1,088 1,092 1,099 1,106 1,109 1,117 1,120 1,128 1% 7%
Corporate Retirement Plan Participants 1,532 1,555 1,553 1,559 1,565 1,561 1,547 1,550 1,543 1,543 1,534 1,545 1,543 - 1%
Client Activity
New Brokerage Accounts (in thousands) 103 81 87 84 96 84 84 93 116 111 113 138 125 (9)% 21%
Inbound Calls (in thousands) 1,867 1,554 1,665 1,605 1,755 1,633 1,565 1,642 1,931 1,817 1,787 2,111 1,788 (15)% (4)%
Web Logins (in thousands) 37,854 38,000 43,220 46,217 42,627 38,237 35,429 37,687 40,720 40,047 40,717 45,441 39,750 (13)% 5%
Client Cash as a Percentage of Client Assets (3) 12.8% 12.7% 12.6% 12.5% 12.5% 12.5% 12.8% 12.8% 13.0% 12.7% 12.4% 12.4% 12.1% (30) bp (70) bp
Mutual Fund and Exchange-Traded Fund
Net Buys (Sells) (4, 5)
(in millions of dollars)
Large Capitalization Stock (857) (799) 185 (1,173) (755) (1,209) (652) 200 565 265 580 (125) 346
Small / Mid Capitalization Stock (86) (272) (113) (320) (214) 460 (190) 877 1,103 1,364 673 (409) (797)
International 324 (207) (1,208) (347) 386 (26) (1) 348 (683) 1,296 1,633 1,703 2,410
Specialized 815 265 470 357 189 (274) (159) (1,019) 20 411 1,007 273 570
Hybrid 14 1,133 (403) (463) (219) 58 (432) (687) (456) (53) 258 563 92
Taxable Bond 1,098 1,526 1,421 1,420 1,888 1,585 1,475 (1,110) 1,045 3,144 3,535 3,876 2,060
Tax-Free Bond 479 940 700 766 920 539 20 (1,090) (1,692) 864 472 300 155
Net Buy (Sell) Activity
(in millions of dollars)
Mutual Funds (4) (207) 620 (2,049) (1,683) (297) (656) (1,979) (5,864) (5,825) 2,522 4,005 2,368 1,116
Exchange-Traded Funds (5) 1,994 1,966 3,101 1,923 2,492 1,789 2,040 3,383 5,727 4,769 4,153 3,813 3,720
Money Market Funds (3,959) (738) (1,799) 701 (768) (658) 211 1,851 1,141 (1,761) (181) 1,218 (4,434)
Average Interest-Earning Assets (6)
(in millions of dollars) 183,341 184,432 187,933 191,850 194,268 199,107 201,894 206,970 212,052 216,001 216,112 218,554 217,407 (1)% 19%
(1) February 2017 includes an outflow of $9.0 billion from a mutual fund clearing services client. May 2016 includes an inflow of $2.7 billion from a mutual fund clearing services client.
(2) Excludes Retirement Business Services Trust and Corporate Brokerage Retirement Services.
(3) Schwab One®, certain cash equivalents, bank deposits and money market fund balances as a percentage of total client assets.
(4) 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.
(5) Represents the principal value of client ETF transactions handled by Schwab, including transactions in proprietary ETFs.
(6) Represents average total interest-earning assets on the Company's balance sheet.


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