Schwab Reports Monthly Activity Highlights
The Charles Schwab Corporation reported strong metrics in its Monthly Activity Report for October 2021. The company attracted $36.8 billion in core net new assets from clients, with net new assets totaling $35.9 billion when excluding mutual fund clearing. Total client assets reached $7.98 trillion, marking a 36% increase year-over-year and a 5% rise from September 2021. Average margin balances were noted at $83.8 billion, up 74% compared to October 2020 and 3% higher than the previous month.
- Core net new assets increased by $36.8 billion.
- Total client assets rose to $7.98 trillion, a 36% year-over-year increase.
- Average margin balances reached $83.8 billion, a 74% increase compared to October 2020.
- None.
-
Core net new assets brought to the company by new and existing clients totaled
. Net new assets excluding mutual fund clearing totaled$36.8 billion .$35.9 billion -
Total client assets were
as of month-end October, up$7.98 trillion 36% fromOctober 2020 and up5% compared toSeptember 2021 . -
Average margin balances were
in October, up$83.8 billion 74% fromOctober 2020 and up3% compared toSeptember 2021 .(1)
(1) |
|
Year-over-year comparisons are affected by the close of the TD Ameritrade acquisition on |
About Charles Schwab
The Charles Schwab Corporation Monthly Activity Report For |
|||||||||||||||||||||||||||||||||||||||||||||
2020 |
2021 |
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 | 26,502 |
|
29,639 |
|
30,606 |
|
29,983 |
|
30,932 |
|
32,982 |
|
33,875 |
|
34,529 |
|
34,503 |
|
34,935 |
|
35,361 |
|
33,844 |
|
35,820 |
|
|
|
|
||||||||||||||||
Nasdaq Composite | 10,912 |
|
12,199 |
|
12,888 |
|
13,071 |
|
13,192 |
|
13,247 |
|
13,963 |
|
13,749 |
|
14,504 |
|
14,673 |
|
15,259 |
|
14,449 |
|
15,498 |
|
|
|
|
||||||||||||||||
Standard & Poor’s® 500 | 3,270 |
|
3,622 |
|
3,756 |
|
3,714 |
|
3,811 |
|
3,973 |
|
4,181 |
|
4,204 |
|
4,298 |
|
4,395 |
|
4,523 |
|
4,308 |
|
4,605 |
|
|
|
|
||||||||||||||||
Client Assets (in billions of dollars) |
|
|
|
||||||||||||||||||||||||||||||||||||||||||
Beginning Client Assets | 4,395.3 |
|
5,878.5 |
|
6,421.0 |
|
6,691.7 |
|
6,759.6 |
|
6,900.5 |
|
7,069.1 |
|
7,336.1 |
|
7,395.7 |
|
7,574.8 |
|
7,642.7 |
|
7,838.2 |
|
7,614.0 |
|
|
|
|
||||||||||||||||
Net New Assets (1) | 1,596.9 |
|
32.1 |
|
61.7 |
|
34.2 |
|
37.0 |
|
62.6 |
|
37.2 |
|
28.1 |
|
43.5 |
|
44.3 |
|
51.8 |
|
42.9 |
|
22.9 |
|
( |
|
( |
||||||||||||||||
(113.7 |
) |
510.4 |
|
209.0 |
|
33.7 |
|
103.9 |
|
106.0 |
|
229.8 |
|
31.5 |
|
135.6 |
|
23.6 |
|
143.7 |
|
(267.1 |
) |
345.4 |
|
|
|
|
|||||||||||||||||
Total Client Assets (at month end) | 5,878.5 |
|
6,421.0 |
|
6,691.7 |
|
6,759.6 |
|
6,900.5 |
|
7,069.1 |
|
7,336.1 |
|
7,395.7 |
|
7,574.8 |
|
7,642.7 |
|
7,838.2 |
|
7,614.0 |
|
7,982.3 |
|
|
|
|
||||||||||||||||
Core Net New Assets (2) | 25.6 |
|
32.1 |
|
61.7 |
|
34.2 |
|
51.4 |
|
62.6 |
|
37.2 |
|
28.1 |
|
43.5 |
|
44.3 |
|
51.8 |
|
42.9 |
|
36.8 |
|
( |
|
|
||||||||||||||||
Receiving Ongoing Advisory Services (at month end) (3) |
|
|
|
||||||||||||||||||||||||||||||||||||||||||
Investor Services | 425.3 |
|
457.1 |
|
471.8 |
|
472.4 |
|
481.3 |
|
495.2 |
|
511.1 |
|
517.8 |
|
525.1 |
|
531.9 |
|
542.5 |
|
530.1 |
|
548.3 |
|
|
|
|
||||||||||||||||
Advisor Services (4) | 2,505.5 |
|
2,715.7 |
|
2,828.3 |
|
2,840.6 |
|
2,913.3 |
|
2,997.9 |
|
3,112.5 |
|
3,150.4 |
|
3,209.3 |
|
3,256.5 |
|
3,333.4 |
|
3,253.2 |
|
3,399.8 |
|
|
|
|
||||||||||||||||
Client Accounts (at month end, in thousands) |
|
|
|
||||||||||||||||||||||||||||||||||||||||||
Active Brokerage Accounts | 29,013 |
|
29,202 |
|
29,629 |
|
30,534 |
|
31,523 |
|
31,902 |
|
31,877 |
|
32,110 |
|
32,265 |
|
32,386 |
|
32,513 |
|
32,675 |
|
32,796 |
|
- |
|
|
||||||||||||||||
Banking Accounts | 1,496 |
|
1,504 |
|
1,499 |
|
1,518 |
|
1,542 |
|
1,608 |
|
1,562 |
|
1,584 |
|
1,574 |
|
1,578 |
|
1,594 |
|
1,580 |
|
1,593 |
|
|
|
|
||||||||||||||||
Corporate Retirement Plan Participants | 2,072 |
|
2,045 |
|
2,054 |
|
2,069 |
|
2,093 |
|
2,105 |
|
2,116 |
|
2,130 |
|
2,149 |
|
2,159 |
|
2,188 |
|
2,207 |
|
2,213 |
|
- |
|
|
||||||||||||||||
Client Activity |
|
|
|
||||||||||||||||||||||||||||||||||||||||||
New Brokerage Accounts (in thousands) (5) | 14,718 |
|
430 |
|
626 |
|
1,095 |
|
1,211 |
|
847 |
|
609 |
|
549 |
|
499 |
|
402 |
|
402 |
|
374 |
|
397 |
|
|
|
( |
||||||||||||||||
Client Cash as a Percentage of Client Assets (6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
(40) bp |
|
(300) bp |
|||||||||||||||||||||||||||||
Derivative Trades as a Percentage of Total Trades |
|
|
|
|
|
|
|
|
|
|
|
|
|
(60) bp |
|
200 bp |
|||||||||||||||||||||||||||||
Selected Average Balances (in millions of dollars) |
|
|
|
||||||||||||||||||||||||||||||||||||||||||
Average Interest-Earning Assets (7,8) | 442,119 |
|
466,677 |
|
482,394 |
|
517,306 |
|
514,885 |
|
520,074 |
|
527,194 |
|
528,642 |
|
536,146 |
|
546,579 |
|
552,372 |
|
565,379 |
|
574,181 |
|
|
|
|
||||||||||||||||
Average Margin Balances (8) | 48,095 |
|
53,916 |
|
59,142 |
|
62,999 |
|
69,064 |
|
71,266 |
|
72,863 |
|
75,921 |
|
78,410 |
|
79,910 |
|
81,021 |
|
81,705 |
|
83,835 |
|
|
|
|
||||||||||||||||
Average Bank Deposit Account Balances (8,9) | 132,030 |
|
162,315 |
|
163,463 |
|
167,980 |
|
167,433 |
|
164,866 |
|
162,392 |
|
160,459 |
|
161,377 |
|
151,275 |
|
150,896 |
|
152,330 |
|
154,040 |
|
|
|
|
||||||||||||||||
Equities | (1,305 |
) |
10,980 |
|
13,875 |
|
8,234 |
|
14,246 |
|
16,301 |
|
13,422 |
|
9,854 |
|
10,873 |
|
7,418 |
|
8,808 |
|
7,596 |
|
8,840 |
|
|||||||||||||||||||
Hybrid | (553 |
) |
(402 |
) |
359 |
|
407 |
|
832 |
|
1,133 |
|
877 |
|
1 |
|
390 |
|
666 |
|
569 |
|
335 |
|
81 |
|
|||||||||||||||||||
Bonds | 6,765 |
|
5,956 |
|
12,169 |
|
13,601 |
|
9,334 |
|
8,237 |
|
8,940 |
|
5,906 |
|
10,101 |
|
6,917 |
|
8,044 |
|
6,232 |
|
4,425 |
|
|||||||||||||||||||
Mutual Funds (10) | (2,260 |
) |
2,832 |
|
6,336 |
|
5,713 |
|
6,273 |
|
6,190 |
|
5,754 |
|
2,022 |
|
5,872 |
|
2,644 |
|
3,876 |
|
(308 |
) |
302 |
|
|||||||||||||||||||
Exchange-Traded Funds (11) | 7,167 |
|
13,702 |
|
20,067 |
|
16,529 |
|
18,139 |
|
19,481 |
|
17,485 |
|
13,739 |
|
15,492 |
|
12,357 |
|
13,545 |
|
14,471 |
|
13,044 |
|
|||||||||||||||||||
Money Market Funds | (4,021 |
) |
(5,908 |
) |
(7,332 |
) |
(5,248 |
) |
(4,405 |
) |
(4,528 |
) |
(5,153 |
) |
(3,988 |
) |
(3,806 |
) |
(2,501 |
) |
(1,372 |
) |
(1,512 |
) |
(451 |
) |
Note: Certain supplemental details related to the information above can be found at: https://www.aboutschwab.com/financial-reports. | ||||||||||||||||||||||||||||||
(1) |
||||||||||||||||||||||||||||||
(2) |
Net new assets before significant one-time inflows or outflows, such as acquisitions/divestitures or extraordinary flows (generally greater than |
|||||||||||||||||||||||||||||
(3) |
Beginning in |
|||||||||||||||||||||||||||||
(4) |
Excludes Retirement Business Services. | |||||||||||||||||||||||||||||
(5) |
||||||||||||||||||||||||||||||
(6) |
||||||||||||||||||||||||||||||
(7) |
Represents average total interest-earning assets on the company's balance sheet. | |||||||||||||||||||||||||||||
(8) |
||||||||||||||||||||||||||||||
(9) |
Represents average TD Ameritrade clients’ uninvested cash sweep account balances held in deposit accounts at third-party financial institutions. | |||||||||||||||||||||||||||||
(10) |
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. | |||||||||||||||||||||||||||||
(11) |
Represents the principal value of client ETF transactions handled by Schwab, including transactions in proprietary ETFs. |
View source version on businesswire.com: https://www.businesswire.com/news/home/20211112005359/en/
MEDIA:
Charles Schwab
Phone: 415-667-1525
INVESTORS/ANALYSTS:
Charles Schwab
Phone: 415-667-1524
Source:
FAQ
What were Schwab's core net new assets in October 2021?
How much did Schwab's total client assets grow in October 2021?
What was the average margin balance for Schwab in October 2021?