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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 May 2018 include:

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180614005214/en/

  • Core net new assets brought to the company by new and existing clients
    in May 2018 totaled $19.4 billion. Net new assets excluding mutual
    fund clearing totaled $18.4 billion.
  • Total client assets were $3.38 trillion as of month-end May, up 13%
    from May 2017 and up 2% compared to April 2018.
  • Average interest-earning assets on the company's balance sheet were a
    record $242.6 billion in May, up 13% from May 2017, and up 1% compared
    to April 2018.

About Charles Schwab

The Charles Schwab Corporation (NYSE:SCHW) is a leading provider
of financial services, with more than 345 offices and 11.1 million
active brokerage accounts, 1.6 million corporate retirement plan
participants, 1.2 million banking accounts, and $3.38 trillion in client
assets as of May 31, 2018. 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 May
2018
 
   

2017

                            2018                      

Change

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Mo.

   

Yr.

Market Indices (at month end)
Dow Jones Industrial Average 21,009 21,350 21,891 21,948 22,405 23,377 24,272 24,719 26,149 25,029 24,103 24,163 24,416 1% 16%
Nasdaq Composite 6,199 6,140 6,348 6,429 6,496 6,728 6,874 6,903 7,411 7,273 7,063 7,066 7,442 5% 20%
Standard & Poor's 500 2,412 2,423 2,470 2,472 2,519 2,575 2,648 2,674 2,824 2,714 2,641 2,648 2,705 2% 12%
Client Assets (in billions of dollars)
Beginning Client Assets 2,948.8 2,995.8 3,040.6 3,099.9 3,122.3 3,181.2 3,256.5 3,318.8 3,361.8 3,480.5 3,328.8 3,305.4 3,312.1
Net New Assets (1) 24.0 37.7 15.8 18.0 17.8 35.4 15.7 27.0 11.5 (50.5) 20.2 0.4 19.4 N/M (19%)
Net Market Gains (Losses) 23.0     7.1     43.5     4.4   41.1     39.9     46.6     16.0   107.2     (101.2)     (43.6)     6.3     46.6
Total Client Assets (at month end) 2,995.8     3,040.6     3,099.9     3,122.3   3,181.2     3,256.5     3,318.8     3,361.8   3,480.5     3,328.8     3,305.4     3,312.1     3,378.1 2% 13%
Core Net New Assets (2) 21.3 22.1 15.8 18.0 17.8 19.2 15.7 27.0 18.7 21.3 25.6 9.9 19.4 96% (9%)
Receiving Ongoing Advisory Services (at month end)
Investor Services 239.1 242.2 247.2 249.9 255.0 259.8 265.1 268.7 278.6 273.0 273.2 274.7 279.1 2% 17%
Advisor Services (3) 1,283.4 1,297.6 1,323.8 1,333.1 1,358.6 1,382.6 1,410.8 1,431.1 1,483.7 1,449.5 1,444.4 1,451.6 1,478.0 2% 15%
Client Accounts (at month end, in thousands)
Active Brokerage Accounts (4) 10,439 10,487 10,477 10,525 10,565 10,603 10,671 10,755 10,858 10,936 11,005 11,081 11,145 1% 7%
Banking Accounts 1,138 1,143 1,154 1,167 1,176 1,181 1,192 1,197 1,210 1,218 1,221 1,230 1,240 1% 9%
Corporate Retirement Plan Participants 1,541 1,540 1,540 1,550 1,552 1,556 1,564 1,568 1,580 1,580 1,594 1,599 1,599 - 4%
Client Activity
New Brokerage Accounts (in thousands) 115 117 107 123 106 117 122 147 165 138 140 141 122 (13%) 6%
Inbound Calls (in thousands) 1,727 1,736 1,683 1,823 1,709 1,988 1,804 2,046 2,303 2,005 2,145 2,034 1,852 (9%) 7%
Web Logins (in thousands) 44,024 43,790 42,236 47,290 39,639 51,454 50,583 54,486 64,488 60,830 58,906 55,980 56,234 - 28%
Client Cash as a Percentage of Client Assets (5) 11.8% 11.5% 11.3% 11.4% 11.1% 10.9% 10.8% 10.8% 10.4% 10.9% 11.0% 10.9% 10.6%

(30) bp

(120) bp

Mutual Fund and Exchange-Traded Fund Net Buys (Sells) (6,
7)
(in millions of dollars)

Large Capitalization Stock 134 (63) (95) (1,683) (138) (51) 85 1,023 496 715 (158) 410 953
Small / Mid Capitalization Stock (285) (322) (139) (293) 45 378 (144) 274 (125) (167) 130 359 753
International 3,610 3,631 2,675 1,705 1,549 1,913 2,627 1,852 4,306 2,685 1,546 809 372
Specialized 529 647 236 279 465 655 58 424 1,569 187 326 122 (19)
Hybrid 65 (340) 142 (272) 460 (118) (263) 307 978 (88) 529 (541) (241)
Taxable Bond 3,618 3,499 3,064 3,481 3,809 3,466 2,389 2,561 3,284 155 2,117 1,661 1,002
Tax-Free Bond 290 507 453 715 494 452 371 341 1,247 211 247 (113) 449
Net Buy (Sell) Activity (in millions of dollars)
Mutual Funds (6) 3,837 2,980 3,201 1,048 3,002 2,401 882 775 4,843 (417) 1,976 (36) (88)
Exchange-Traded Funds (7) 4,124 4,579 3,135 2,884 3,682 4,294 4,241 6,007 6,912 4,115 2,761 2,743 3,357
Money Market Funds (1,167) (1,260) 1,022 2,105 (374) 213 1,166 2,968 (5,730) (4,292) (9,100) (4,156) (2,245)
Average Interest-Earning Assets (8)
(in millions of dollars) 215,252 214,709 212,108 214,458 216,472 219,658 223,292 228,540 234,619 239,922 241,049 239,833 242,584 1% 13%
(1)   April, March, February, and January 2018 include outflows of $9.5
billion, $5.4 billion, $71.8 billion, and $7.2 billion,
respectively, from certain mutual fund clearing services clients.
October and June 2017 include inflows of $16.2 billion and
$15.6 billion, respectively, from certain mutual fund clearing
services clients.
(2) Net new assets before significant one-time inflows or outflows, such
as acquisitions/divestitures or extraordinary flows (generally
greater than $10 billion) relating to a specific client. These flows
may span multiple reporting periods.
(3) Excludes Retirement Business Services.
(4) 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.
(5) Schwab One®, certain cash equivalents, bank deposits and
money market fund balances as a percentage of total client assets.
(6) 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.
(7) Represents the principal value of client ETF transactions handled by
Schwab, including transactions in proprietary ETFs.
(8) Represents average total interest-earning assets on the Company's
balance sheet.
N/M Not meaningful.

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