Schwab Reports Monthly Activity Highlights

WESTLAKE, Texas--(BUSINESS WIRE)-- The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of July 2022 include:

• Core net new assets brought to the company by new and existing clients totaled $31.5 billion. Net new assets excluding mutual fund clearing totaled $31.2 billion.
• Total client assets were $7.30 trillion as of month-end July, down 4% from July 2021 and up 7% compared to June 2022.
• Average interest-earning assets were $605.8 billion in July, up 11% from July 2021 and down 1% compared to June 2022.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 33.9 million active brokerage accounts, 2.3 million corporate retirement plan participants, 1.7 million banking accounts, and $7.30 trillion in client assets as of July 31, 2022. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiaries, Charles Schwab & Co., Inc., TD Ameritrade, Inc., and TD Ameritrade Clearing, Inc., (members SIPC, https://www.sipc.org), and their 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 primary banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at https://www.aboutschwab.com.

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 July 2022
				2021																		2022																					Change
				Jul			Aug			Sep			Oct			Nov			Dec			Jan			Feb			Mar			Apr			May			Jun			Jul			Mo.		Yr.
Market Indices (at month end)
Dow Jones Industrial Average®				34,935			35,361			33,844			35,820			34,484			36,338			35,132			33,893			34,678			32,977			32,990			30,775			32,845			7%		(6%)
Nasdaq Composite®				14,673			15,259			14,449			15,498			15,538			15,645			14,240			13,751			14,221			12,335			12,081			11,029			12,391			12%		(16%)
Standard & Poor’s® 500				4,395			4,523			4,308			4,605			4,567			4,766			4,516			4,374			4,530			4,132			4,132			3,785			4,130			9%		(6%)
Client Assets (in billions of dollars)
Beginning Client Assets				7,574.8			7,642.7			7,838.2			7,614.0			7,982.3			7,918.3			8,138.0			7,803.8			7,686.6			7,862.1			7,284.4			7,301.7			6,832.5
Net New Assets (1)				44.3			51.8			42.9			22.9			31.4			80.3			33.6			40.6			46.3			(9.2	)		32.8			19.8			31.5			59%		(29%)
Net Market Gains (Losses)				23.6			143.7			(267.1	)		345.4			(95.4	)		139.4			(367.8	)		(157.8	)		129.2			(568.5	)		(15.5	)		(489.0	)		440.8
Total Client Assets (at month end)				7,642.7			7,838.2			7,614.0			7,982.3			7,918.3			8,138.0			7,803.8			7,686.6			7,862.1			7,284.4			7,301.7			6,832.5			7,304.8			7%		(4%)
Core Net New Assets (2)				44.3			51.8			42.9			36.8			45.1			80.3			33.6			40.6			46.3			(9.2	)		32.8			40.6			31.5			(22%)		(29%)
Receiving Ongoing Advisory Services (at month end)
Investor Services				531.9			542.5			530.1			548.3			543.1			559.2			541.9			533.7			538.9			509.3			513.0			483.8			514.8			6%		(3%)
Advisor Services (3)				3,256.5			3,333.4			3,253.2			3,399.8			3,374.3			3,505.2			3,382.4			3,342.5			3,404.6			3,190.5			3,213.8			3,040.4			3,222.5			6%		(1%)
Client Accounts (at month end, in thousands)
Active Brokerage Accounts				32,386			32,513			32,675			32,796			32,942			33,165			33,308			33,421			33,577			33,759			33,822			33,896			33,934			-		5%
Banking Accounts				1,578			1,594			1,580			1,593			1,608			1,614			1,628			1,641			1,641			1,652			1,658			1,669			1,680			1%		6%
Corporate Retirement Plan Participants				2,159			2,188			2,207			2,213			2,198			2,200			2,216			2,235			2,246			2,261			2,275			2,275			2,267			-		5%
Client Activity
New Brokerage Accounts (in thousands)				402			402			374			397			448			473			426			356			420			386			323			305			278			(9%)		(31%)
Client Cash as a Percentage of Client Assets (4)				10.4%			10.3%			10.8%			10.4%			10.5%			10.9%			11.3%			11.5%			11.4%			11.9%			12.0%			12.8%			12.0%			(80) bp		160 bp
Derivative Trades as a Percentage of Total Trades				22.2%			23.1%			23.1%			22.5%			23.4%			23.0%			22.4%			24.0%			22.4%			21.9%			22.6%			22.3%			24.2%			190 bp		200 bp
Selected Average Balances (in millions of dollars)
Average Interest-Earning Assets (5)				546,579			552,372			565,379			574,181			584,362			605,709			622,997			629,042			644,768			636,668			620,157			614,100			605,751			(1%)		11%
Average Margin Balances				79,910			81,021			81,705			83,835			87,311			88,328			86,737			84,354			81,526			83,762			78,841			74,577			72,177			(3%)		(10%)
Average Bank Deposit Account Balances (6)				151,275			150,896			152,330			154,040			153,877			154,918			157,706			153,824			155,657			152,653			154,669			155,306			154,542			-		2%
Mutual Fund and Exchange-Traded Fund
Net Buys (Sells) (7,8) (in millions of dollars)
Equities				7,418			8,808			7,596			8,840			13,099			11,519			7,384			9,371			14,177			(786	)		1,889			(1,586	)		5,589
Hybrid				666			569			335			81			308			(1,207	)		(367	)		(478	)		(497	)		(529	)		(1,718	)		(1,054	)		(2,041	)
Bonds				6,917			8,044			6,232			4,425			4,097			5,600			1,804			(1,973	)		(7,851	)		(6,933	)		(6,121	)		(5,631	)		729
Net Buy (Sell) Activity (in millions of dollars)
Mutual Funds (7)				2,644			3,876			(308	)		302			189			(2,859	)		(4,961	)		(6,318	)		(11,888	)		(16,657	)		(20,761	)		(16,258	)		(8,674	)
Exchange-Traded Funds (8)				12,357			13,545			14,471			13,044			17,315			18,771			13,782			13,238			17,717			8,409			14,811			7,987			12,951
Money Market Funds				(2,501	)		(1,372	)		(1,512	)		(451	)		(1,725	)		(144	)		(1,984	)		(1,086	)		(1,344	)		(3,430	)		7,106			11,544			13,711

		Note: Certain supplemental details related to the information above can be found at: https://www.aboutschwab.com/financial-reports.
(1)		June 2022 includes an outflow of $20.8 billion from a mutual fund clearing services client. November 2021 includes an outflow of $13.7 billion from a mutual fund clearing services client. October 2021 includes an outflow of $13.9 billion from a mutual fund clearing services client.
(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)		Schwab One®, certain cash equivalents, bank deposits, third-party bank deposit accounts, and money market fund balances as a percentage of total client assets.
(5)		Represents average total interest-earning assets on the company's balance sheet.
(6)		Represents average TD Ameritrade clients’ uninvested cash sweep account balances held in deposit accounts at third-party financial institutions.
(7)		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.
(8)		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/20220812005074/en/

MEDIA:

Mayura Hooper

Charles Schwab

Phone: 415-667-1525

INVESTORS/ANALYSTS:

Jeff Edwards

Charles Schwab

Phone: 415-667-1524

Source: The Charles Schwab Corporation