Market Overview

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 October 2017 include:

This press release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20171114005627/en/

  • Net new assets brought to the company by new and existing clients in
    October 2017 totaled $35.4 billion.
  • Total client assets were a record $3.26 trillion as of month-end
    October, up 21% from October 2016 and up 2% compared to September 2017.
  • Client assets receiving ongoing advisory services were also a record
    $1.64 trillion as of month-end October, up 21% from October 2016 and
    up 2% compared to September 2017.

About Charles Schwab

The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of
financial services, with more than 345 offices and 10.6 million active
brokerage accounts, 1.6 million corporate retirement plan participants,
1.2 million banking accounts, and $3.26 trillion in client assets as of
October 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
October 2017
 
2016 2017  

Change

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Mo.

Yr.

Market Indices
(at month end)
Dow Jones Industrial Average 18,142 19,124 19,763 19,864 20,812 20,663 20,941 21,009 21,350 21,891 21,948 22,405 23,377 4 % 29 %
Nasdaq Composite 5,189 5,324 5,383 5,615 5,825 5,912 6,048 6,199 6,140 6,348 6,429 6,496 6,728 4 % 30 %
Standard & Poor's 500 2,126 2,199 2,239 2,279 2,364 2,363 2,384 2,412 2,423 2,470 2,472 2,519 2,575 2 % 21 %
Client Assets
(in billions of dollars)
Beginning Client Assets 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 3,181.2
Net New Assets (1) 6.1 11.9 18.9 11.1 6.6 21.2 2.8 24.0 37.7 15.8 18.0 17.8 35.4 99 % N/M
Net Market (Losses) Gains (44.7 )   36.0     26.0     40.7     57.3     6.1     23.5     23.0     7.1     43.5     4.4     41.1   39.9  
Total Client Assets (at month end) 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     3,181.2   3,256.5   2 % 21 %
Receiving Ongoing Advisory Services
(at month end)
Investor Services 211.3 213.2 217.1 220.8 227.9 230.9 234.4 239.1 242.2 247.2 249.9 255.0 259.8 2 % 23 %
Advisor Services (2) 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 1,358.6 1,382.6 2 % 21 %
Client Accounts
(at month end, in thousands)
Active Brokerage Accounts (3) 10,068 10,102 10,155 10,198 10,254 10,320 10,386 10,439 10,487 10,477 10,525 10,565 10,603 - 5 %
Banking Accounts 1,092 1,099 1,106 1,109 1,117 1,120 1,128 1,138 1,143 1,154 1,167 1,176 1,181 - 8 %
Corporate Retirement Plan Participants 1,547 1,550 1,543 1,543 1,534 1,545 1,543 1,541 1,540 1,540 1,550 1,552 1,556 - 1 %
Client Activity
New Brokerage Accounts (in thousands) 84 93 116 111 113 138 125 115 117 107 123 106 117 10 % 39 %
Inbound Calls (in thousands) 1,565 1,642 1,931 1,817 1,787 2,111 1,788 1,727 1,736 1,683 1,823 1,709 1,988 16 % 27 %
Web Logins (in thousands) 35,429 37,687 40,720 40,047 40,717 45,441 39,750 44,024 43,790 42,236 47,290 39,639 51,454 30 % 45 %
Client Cash as a Percentage of Client Assets (4) 12.8 % 12.8 % 13.0 % 12.7 % 12.4 % 12.4 % 12.1 % 11.8 % 11.5 % 11.3 % 11.4 % 11.1 % 10.9 % (20) bp (190) bp

Mutual Fund and Exchange-Traded Fund Net Buys (Sells)
(5, 6)

(in millions of dollars)
Large Capitalization Stock (652 ) 200 565 265 580 (125 ) 346 134 (63 ) (95 ) (1,683 ) (138 ) (51 )
Small / Mid Capitalization Stock (190 ) 877 1,103 1,364 673 (409 ) (797 ) (285 ) (322 ) (139 ) (293 ) 45 378
International (1 ) 348 (683 ) 1,296 1,633 1,703 2,410 3,610 3,631 2,675 1,705 1,549 1,913
Specialized (159 ) (1,019 ) 20 411 1,007 273 570 529 647 236 279 465 655
Hybrid (432 ) (687 ) (456 ) (53 ) 258 563 92 65 (340 ) 142 (272 ) 460 (118 )
Taxable Bond 1,475 (1,110 ) 1,045 3,144 3,535 3,876 2,060 3,618 3,499 3,064 3,481 3,809 3,466
Tax-Free Bond 20 (1,090 ) (1,692 ) 864 472 300 155 290 507 453 715 494 452
Net Buy (Sell) Activity
(in millions of dollars)
Mutual Funds (5) (1,979 ) (5,864 ) (5,825 ) 2,522 4,005 2,368 1,116 3,837 2,980 3,201 1,048 3,002 2,401
Exchange-Traded Funds (6) 2,040 3,383 5,727 4,769 4,153 3,813 3,720 4,124 4,579 3,135 2,884 3,682 4,294
Money Market Funds 211 1,851 1,141 (1,761 ) (181 ) 1,218 (4,434 ) (1,167 ) (1,260 ) 1,022 2,105 (374 ) 213
Average Interest-Earning Assets (7)
(in millions of dollars) 201,894 206,970 212,052 216,001 216,112 218,554 217,407 215,252 214,709 212,108 214,458 216,472 219,658   1 % 9 %
(1)  

October 2017 includes an inflow of $16.2 billion from a mutual
fund clearing services client. 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.
N/M Not meaningful.

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