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Schwab Reports Monthly Activity Highlights

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SAN FRANCISCO--(BUSINESS WIRE)--

The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of July 2015 include:

  • Net new assets brought to the company by new and existing clients in July 2015 totaled $9.8 billion.
  • Total client assets were $2.56 trillion as of month-end July, up 8% from July 2014 and up 1% compared to June 2015.
  • Average interest-earning assets on the company's balance sheet were a record $158.2 billion in July, up 15% from July 2014 and up 2% compared to June 2015.

Commentary from the CFO

Joe Martinetto, Senior Executive Vice President and Chief Financial Officer, provides insight and commentary regarding Schwab's financial picture at: http://aboutschwab.com/investor-relations/cfo-commentary.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 325 offices and 9.6 million active brokerage accounts, 1.5 million corporate retirement plan participants, 1.0 million banking accounts, and $2.56 trillion in client assets as of July 31, 2015. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, http://www.sipc.org), and 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 banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at www.schwab.com and www.aboutschwab.com.

                               
The Charles Schwab Corporation Monthly Activity Report For July 2015
                               
2014 2015  

Change

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Market Indices
(at month end)
Dow Jones Industrial Average 16,563 17,098 17,043 17,391 17,828 17,823 17,165 18,133 17,776 17,841 18,011 17,620 17,690 - 7 %
Nasdaq Composite 4,370 4,580 4,493 4,631 4,792 4,736 4,635 4,964 4,901 4,941 5,070 4,987 5,128 3 % 17 %
Standard & Poor's 500 1,931 2,003 1,972 2,018 2,068 2,059 1,995 2,105 2,068 2,086 2,107 2,063 2,104 2 % 9 %
Client Assets
(in billions of dollars)
Beginning Client Assets 2,401.9 2,382.7 2,448.3 2,403.7 2,440.6 2,478.8 2,463.6 2,445.0 2,531.1 2,524.4 2,549.3 2,568.8 2,543.3
Net New Assets (1, 2) 15.9 8.5 10.3 7.9 10.9 14.4 9.3 6.8 12.6 9.1 10.1 17.8 9.8 (45 %) (38 %)
Net Market (Losses) Gains (35.1 )     57.1       (54.9 )     29.0       27.3       (29.6 )     (27.9 )     79.3       (19.3 )     15.8       9.4       (43.3 )     9.4  
Total Client Assets (at month end) 2,382.7       2,448.3       2,403.7       2,440.6       2,478.8       2,463.6       2,445.0       2,531.1       2,524.4       2,549.3       2,568.8       2,543.3       2,562.5   1 % 8 %
 
Receiving Ongoing Advisory Services
(at month end)
Investor Services 175.1 180.0 177.3 180.2 183.3 182.5 181.5 187.8 188.4 191.0 192.8 191.4 193.3 1 % 10 %
Advisor Services (3) 1,007.2 1,035.3 1,015.3 1,032.4 1,049.0 1,045.6 1,038.4 1,065.8 1,063.4 1,071.9 1,079.3 1,066.7 1,079.0 1 % 7 %
Client Accounts

(at month end, in thousands)

Active Brokerage Accounts 9,269 9,288 9,309 9,326 9,346 9,386 9,407 9,435 9,493 9,553 9,572 9,605 9,631 - 4 %
Banking Accounts 956 964 970 974 979 985 978 983 986 992 1,000 1,004 1,011 1 % 6 %
Corporate Retirement Plan Participants (2) 1,381 1,383 1,405 1,416 1,416 1,428 1,441 1,475 1,474 1,469 1,469 1,474 1,483 1 % 7 %
Client Activity
New Brokerage Accounts (in thousands) 78 75 76 76 70 97 84 80 110 111 80 89 87 (2 %) 12 %
Inbound Calls (in thousands) 1,873 1,768 1,755 1,928 1,656 1,980 1,872 1,827 1,930 1,954 1,621 1,763 1,788 1 % (5 %)
Web Logins (in thousands) 33,426 32,491 31,098 32,409 31,528 34,580 34,294 35,379 36,278 35,966 32,112 31,644 33,498 6 % -
Client Cash as a Percentage of Client Assets (4) 12.1 % 11.9 % 12.2 % 12.1 % 11.9 % 12.3 % 12.3 % 11.9 % 12.0 % 11.5 % 11.6 % 11.7 % 11.8 % 10 bp (30) bp
Mutual Fund and Exchange-Traded Fund
Net Buys (Sells) (5, 6)
(in millions of dollars)
Large Capitalization Stock 773 620 228 1,881 1,538 1,347 1,084 (1,154 ) (586 ) (1,496 ) (1,410 ) (804 ) (702 )
Small / Mid Capitalization Stock (355 ) (639 ) (127 ) (307 ) 91 (346 ) 488 (12 ) 290 423 (108 ) 78 149
International 817 524 166 (20 ) 794 177 1,630 3,463 4,650 3,613 2,718 2,255 947
Specialized 1,082 373 (24 ) 781 503 566 1,452 748 (47 ) (5 ) 25 8 410
Hybrid 532 165 - (531 ) (363 ) (687 ) 180 138 (284 ) (210 ) (238 ) (133 ) (152 )
Taxable Bond 92 683 (3,475 ) 797 577 (1,914 ) 1,298 2,722 924 1,075 1,757 421 (111 )
Tax-Free Bond 277 400 463 584 479 603 598 471 613 13 (101 ) (132 ) 156
Net Buy (Sell) Activity
(in millions of dollars)
Mutual Funds (5) 1,804 612 (4,022 ) 358 254 (4,381 ) 3,174 3,086 1,765 420 813 (725 ) (1,101 )
Exchange-Traded Funds (6) 1,414 1,514 1,253 2,827 3,365 4,127 3,556 3,290 3,795 2,993 1,830 2,418 1,798
Money Market Funds 1,493 1,248 2,224 477 (1,643 ) 4,294 (2,080 ) (2,158 ) (1,362 ) (6,970 ) 421 (358 ) 2,208
Average Interest-Earning Assets (7)
(in millions of dollars) 137,785 139,027 140,115 141,502 141,884 144,695 147,495 148,911 152,247 152,697 153,466 155,369 158,238   2 % 15 %
 
(1)  

June 2015 includes an inflow of $8.1 billion from a mutual fund clearing services client. April 2015 includes inflows of $9.3 billion from certain mutual fund clearing service clients. February 2015 includes an outflow of $11.6 billion relating to the Company's planned resignation from an Advisor Services cash management relationship. September 2014 includes an inflow of $7.8 billion and outflow of $3.4 billion from certain mutual fund clearing service clients. July 2014 includes an inflow of $2.4 billion from a mutual fund clearing services client.

(2)

In February 2015, the Company increased its reported totals for overall client assets and retirement plan participants by $6.1 billion and 35,000, respectively, to reflect the final impact of the consolidation of its retirement plan recordkeeping platforms as previously announced in September 2013.

(3) Excludes Retirement Business Services Trust.
(4) Schwab One®, certain cash equivalents, bank deposits and money market fund balances as a percentage of total client assets.
(5) 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.
(6) Represents the principal value of client ETF transactions handled by Schwab, including transactions in proprietary ETFs.
(7) Represents total interest-earning assets on the Company's balance sheet.

MEDIA:
Charles Schwab
Greg Gable, 415-667-0473
or
INVESTORS/ANALYSTS:
Charles Schwab
Rich Fowler, 415-667-1841





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