Schwab Reports Monthly Activity Highlights - Charles Schwab (NYSE:SCHW)

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 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
	Jul		Aug		Sep		Oct		Nov		Dec		Jan		Feb		Mar		Apr		May		June		July		Mo.		Yr.
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.

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

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