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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 August 2017 include:

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  • Net new assets brought to the company by new and existing clients in
    August 2017 totaled $18.0 billion.
  • Total client assets were a record $3.12 trillion as of month-end
    August, up 15% from August 2016 and up 1% compared to July 2017.
  • Client cash as a percentage of assets was 11.4% as of month-end
    August, compared with 12.5% in August 2016 and 11.3% in July 2017.

About Charles Schwab

The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of
financial services, with more than 340 offices and 10.5 million active
brokerage accounts, 1.6 million corporate retirement plan participants,
1.2 million banking accounts, and $3.12 trillion in client assets as of
August 31, 2017. Through its operating subsidiaries, the company
provides a full range of wealth management, securities brokerage,
banking, money management, custody, 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 August
2017
                             
2016 2017  

Change

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Mo.

Yr.

Market Indices
(at month end)
Dow Jones Industrial Average 18,401 18,308 18,142 19,124 19,763 19,864 20,812 20,663 20,941 21,009 21,350 21,891 21,948 - 19 %
Nasdaq Composite 5,213 5,312 5,189 5,324 5,383 5,615 5,825 5,912 6,048 6,199 6,140 6,348 6,429 1 % 23 %
Standard & Poor's 500 2,171 2,168 2,126 2,199 2,239 2,279 2,364 2,363 2,384 2,412 2,423 2,470 2,472 - 14 %
Client Assets
(in billions of dollars)
Beginning Client Assets 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 2,995.8 3,040.6 3,099.9
Net New Assets (1) 10.4 10.6 6.1 11.9 18.9 11.1 6.6 21.2 2.8 24.0 37.7 15.8 18.0 14 % 73 %
Net Market Gains (Losses) 1.8     4.3     (44.7 )   36.0     26.0     40.7     57.3     6.1     23.5     23.0     7.1     43.5   4.4  
Total Client Assets (at month end) 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     2,995.8     3,040.6     3,099.9   3,122.3   1 % 15 %
 
Receiving Ongoing Advisory Services
(at month end)
Investor Services 211.7 213.4 211.3 213.2 217.1 220.8 227.9 230.9 234.4 239.1 242.2 247.2 249.9 1 % 18 %
Advisor Services (2) 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 1,283.4 1,297.6 1,323.8 1,333.1 1 % 16 %
Client Accounts
(at month end, in thousands)
Active Brokerage Accounts (3) 10,021 10,046 10,068 10,102 10,155 10,198 10,254 10,320 10,386 10,439 10,487 10,477 10,525 - 5 %
Banking Accounts 1,083 1,088 1,092 1,099 1,106 1,109 1,117 1,120 1,128 1,138 1,143 1,154 1,167 1 % 8 %
Corporate Retirement Plan Participants 1,565 1,561 1,547 1,550 1,543 1,543 1,534 1,545 1,543 1,541 1,540 1,540 1,550 1 % (1 %)
Client Activity
New Brokerage Accounts (in thousands) 96 84 84 93 116 111 113 138 125 115 117 107 123 15 % 28 %
Inbound Calls (in thousands) 1,755 1,633 1,565 1,642 1,931 1,817 1,787 2,111 1,788 1,727 1,736 1,683 1,823 8 % 4 %
Web Logins (in thousands) 42,627 38,237 35,429 37,687 40,720 40,047 40,717 45,441 39,750 44,024 43,790 42,236 47,290 12 % 11 %
Client Cash as a Percentage of Client Assets (4) 12.5 % 12.5 % 12.8 % 12.8 % 13.0 % 12.7 % 12.4 % 12.4 % 12.1 % 11.8 % 11.5 % 11.3 % 11.4 % 10 bp (110) bp
Mutual Fund and Exchange-Traded Fund
Net Buys (Sells) (5, 6)
(in millions of dollars)
Large Capitalization Stock (755 ) (1,209 ) (652 ) 200 565 265 580 (125 ) 346 134 (63 ) (95 ) (1,683 )
Small / Mid Capitalization Stock (214 ) 460 (190 ) 877 1,103 1,364 673 (409 ) (797 ) (285 ) (322 ) (139 ) (293 )
International 386 (26 ) (1 ) 348 (683 ) 1,296 1,633 1,703 2,410 3,610 3,631 2,675 1,705
Specialized 189 (274 ) (159 ) (1,019 ) 20 411 1,007 273 570 529 647 236 279
Hybrid (219 ) 58 (432 ) (687 ) (456 ) (53 ) 258 563 92 65 (340 ) 142 (272 )
Taxable Bond 1,888 1,585 1,475 (1,110 ) 1,045 3,144 3,535 3,876 2,060 3,618 3,499 3,064 3,481
Tax-Free Bond 920 539 20 (1,090 ) (1,692 ) 864 472 300 155 290 507 453 715
Net Buy (Sell) Activity
(in millions of dollars)
Mutual Funds (5) (297 ) (656 ) (1,979 ) (5,864 ) (5,825 ) 2,522 4,005 2,368 1,116 3,837 2,980 3,201 1,048
Exchange-Traded Funds (6) 2,492 1,789 2,040 3,383 5,727 4,769 4,153 3,813 3,720 4,124 4,579 3,135 2,884
Money Market Funds (768 ) (658 ) 211 1,851 1,141 (1,761 ) (181 ) 1,218 (4,434 ) (1,167 ) (1,260 ) 1,022 2,105
Average Interest-Earning Assets (7)
(in millions of dollars) 194,268 199,107 201,894 206,970 212,052 216,001 216,112 218,554 217,407 215,252 214,709 212,108 214,458   1 % 10 %
(1)   June 2017 includes an inflow of $15.6 billion from a mutual fund
clearing services client. February 2017 includes an outflow of $9.0
billion from a mutual fund clearing services client.
(2) Excludes Retirement Business Services.
(3) Periodically, the Company reviews its active account base. In July
2017, active brokerage accounts were reduced by approximately 48,000
as a result of low-balance closures.
(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 average total interest-earning assets on the Company's
balance sheet.

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