Schwab Reports Monthly Activity Highlights
The Charles Schwab Corporation announced its Monthly Activity Report for April 2021, highlighting impressive growth metrics.
Core net new assets attracted from clients reached $37.2 billion, with net new assets (excluding mutual fund clearing) totaling $35.6 billion. Total client assets surged to $7.34 trillion, reflecting a 94% year-over-year increase and a 4% rise from March 2021.
Additionally, average margin balances were reported at $72.9 billion, marking over a 200% increase year-over-year and a 2% month-over-month growth.
- Core net new assets of $37.2 billion indicate strong client acquisition.
- Total client assets reached $7.34 trillion, up 94% year-over-year.
- Average margin balances of $72.9 billion reflect over 200% growth from last year.
- None.
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of April 2021 include:
-
Core net new assets brought to the company by new and existing clients totaled
$37.2 billion . Net new assets excluding mutual fund clearing totaled$35.6 billion . -
Total client assets were
$7.34 trillion as of month-end April, up94% from April 2020 and up4% compared to March 2021.(1) -
Average margin balances, which are being included for the first time as part of the company’s Monthly Activity Report, were
$72.9 billion in April, up over200% from April 2020 and up2% compared to March 2021.(1)
(1) |
Year-over-year comparisons are affected by the close of the TD Ameritrade acquisition on October 6, 2020 |
Commentary from the CFO
Peter Crawford, Executive Vice President and Chief Financial Officer, provides perspectives on recent account activity at: https://www.aboutschwab.com/cfo-commentary.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 31.9 million active brokerage accounts, 2.1 million corporate retirement plan participants, 1.6 million banking accounts, and
TD Ameritrade, Inc. and TD Ameritrade Clearing, Inc. are separate but affiliated companies and subsidiaries of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank.
| The Charles Schwab Corporation Monthly Activity Report For April 2021 | |||||||||||||||||||||||||||||||||||||||||||||
2020 |
2021 |
Change | |||||||||||||||||||||||||||||||||||||||||||
| Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | Mo. | Yr. | |||||||||||||||||||||||||||||||
| Market Indices (at month end) | |||||||||||||||||||||||||||||||||||||||||||||
| Dow Jones Industrial Average | 24,346 |
|
25,383 |
|
25,813 |
|
26,428 |
|
28,430 |
|
27,782 |
|
26,502 |
|
29,639 |
|
30,606 |
|
29,983 |
|
30,932 |
|
32,982 |
|
33,875 |
|
3 |
% |
39 |
% |
|||||||||||||||
| Nasdaq Composite | 8,890 |
|
9,490 |
|
10,059 |
|
10,745 |
|
11,775 |
|
11,168 |
|
10,912 |
|
12,199 |
|
12,888 |
|
13,071 |
|
13,192 |
|
13,247 |
|
13,963 |
|
5 |
% |
57 |
% |
|||||||||||||||
| Standard & Poor’s® 500 | 2,912 |
|
3,044 |
|
3,100 |
|
3,271 |
|
3,500 |
|
3,363 |
|
3,270 |
|
3,622 |
|
3,756 |
|
3,714 |
|
3,811 |
|
3,973 |
|
4,181 |
|
5 |
% |
44 |
% |
|||||||||||||||
| Client Assets (in billions of dollars) | |||||||||||||||||||||||||||||||||||||||||||||
| Beginning Client Assets | 3,496.9 |
|
3,778.3 |
|
4,009.0 |
|
4,110.1 |
|
4,278.0 |
|
4,489.7 |
|
4,395.3 |
|
5,878.5 |
|
6,421.0 |
|
6,691.7 |
|
6,759.6 |
|
6,900.5 |
|
7,069.1 |
|
|||||||||||||||||||
| Net New Assets (1) | 15.3 |
|
97.5 |
|
24.6 |
|
11.2 |
|
20.0 |
|
20.0 |
|
1,596.9 |
|
32.1 |
|
61.7 |
|
34.2 |
|
37.0 |
|
62.6 |
|
37.2 |
|
(41 |
%) |
143 |
% |
|||||||||||||||
| Net Market Gains (Losses) | 266.1 |
|
133.2 |
|
76.5 |
|
156.7 |
|
191.7 |
|
(114.4 |
) |
(113.7 |
) |
510.4 |
|
209.0 |
|
33.7 |
|
103.9 |
|
106.0 |
|
229.8 |
|
|||||||||||||||||||
| Total Client Assets (at month end) | 3,778.3 |
|
4,009.0 |
|
4,110.1 |
|
4,278.0 |
|
4,489.7 |
|
4,395.3 |
|
5,878.5 |
|
6,421.0 |
|
6,691.7 |
|
6,759.6 |
|
6,900.5 |
|
7,069.1 |
|
7,336.1 |
|
4 |
% |
94 |
% |
|||||||||||||||
| Core Net New Assets (2) | 15.3 |
|
17.6 |
|
13.7 |
|
2.7 |
|
20.0 |
|
20.0 |
|
25.6 |
|
32.1 |
|
61.7 |
|
34.2 |
|
51.4 |
|
62.6 |
|
37.2 |
|
(41 |
%) |
143 |
% |
|||||||||||||||
| Receiving Ongoing Advisory Services (at month end) (3) | |||||||||||||||||||||||||||||||||||||||||||||
| Investor Services | 309.9 |
|
339.8 |
|
345.2 |
|
355.6 |
|
366.8 |
|
361.2 |
|
425.3 |
|
457.1 |
|
471.8 |
|
472.4 |
|
481.3 |
|
495.2 |
|
511.1 |
|
3 |
% |
65 |
% |
|||||||||||||||
| Advisor Services (4) | 1,647.9 |
|
1,711.7 |
|
1,747.5 |
|
1,818.5 |
|
1,900.5 |
|
1,870.1 |
|
2,505.5 |
|
2,715.7 |
|
2,828.3 |
|
2,840.6 |
|
2,913.3 |
|
2,997.9 |
|
3,112.5 |
|
4 |
% |
89 |
% |
|||||||||||||||
| Client Accounts (at month end, in thousands) | |||||||||||||||||||||||||||||||||||||||||||||
| Active Brokerage Accounts | 12,866 |
|
14,007 |
|
14,107 |
|
14,220 |
|
14,311 |
|
14,393 |
|
29,013 |
|
29,202 |
|
29,629 |
|
30,534 |
|
31,523 |
|
31,902 |
|
31,877 |
|
- |
|
148 |
% |
|||||||||||||||
| Banking Accounts | 1,439 |
|
1,448 |
|
1,463 |
|
1,480 |
|
1,493 |
|
1,486 |
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FAQ
What were Charles Schwab's core net new assets in April 2021?
Core net new assets for Charles Schwab in April 2021 totaled $37.2 billion.
How much did total client assets increase by in April 2021?
Total client assets increased by 94% year-over-year to $7.34 trillion as of April 2021.
What was the average margin balance reported by Charles Schwab in April 2021?
The average margin balance for Charles Schwab in April 2021 was $72.9 billion.
What factors contributed to the year-over-year comparisons in Schwab's report?
Year-over-year comparisons were affected by the close of the TD Ameritrade acquisition on October 6, 2020.
How much did net new assets, excluding mutual fund clearing, amount to in April 2021?
Net new assets excluding mutual fund clearing amounted to $35.6 billion in April 2021.
The Charles Schwab Corporation
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