Schwab Reports Monthly Activity Highlights
The Charles Schwab Corporation has reported its Monthly Activity Report for July 2022. Key highlights include core net new assets of $31.5 billion, with net new assets excluding mutual fund clearing at $31.2 billion. Total client assets stood at $7.30 trillion, representing a 4% decline year-over-year but a 7% increase compared to June 2022. Additionally, average interest-earning assets were $605.8 billion, marking an 11% year-over-year rise and a slight 1% decrease from the previous month.
- Core net new assets of $31.5 billion indicate strong client inflows.
- Net new assets excluding mutual fund clearing were $31.2 billion.
- Total client assets increased by 7% from June 2022.
- Total client assets decreased by 4% compared to July 2021.
- Average interest-earning assets decreased by 1% compared to June 2022.
-
Core net new assets brought to the company by new and existing clients totaled
. Net new assets excluding mutual fund clearing totaled$31.5 billion .$31.2 billion -
Total client assets were
as of month-end July, down$7.30 trillion 4% fromJuly 2021 and up7% compared toJune 2022 . -
Average interest-earning assets were
in July, up$605.8 billion 11% fromJuly 2021 and down1% compared toJune 2022 .
About Charles Schwab
The Charles Schwab Corporation Monthly Activity Report For |
|||||||||||||||||||||||||||||||||||||||||||||
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 |
|
|
|
( |
||||||||||||||||
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 |
|
|
|
( |
||||||||||||||||
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 |
|
|
|
( |
||||||||||||||||
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 |
|
|
|
( |
||||||||||||||||
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 |
|
|
|
( |
||||||||||||||||
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 |
|
( |
|
( |
||||||||||||||||
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 |
|
|
|
( |
||||||||||||||||
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 |
|
|
|
( |
||||||||||||||||
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 |
|
- |
|
|
||||||||||||||||
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 |
|
|
|
|
||||||||||||||||
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 |
|
- |
|
|
||||||||||||||||
Client Activity |
|
|
|
||||||||||||||||||||||||||||||||||||||||||
New Brokerage Accounts (in thousands) | 402 |
|
402 |
|
374 |
|
397 |
|
448 |
|
473 |
|
426 |
|
356 |
|
420 |
|
386 |
|
323 |
|
305 |
|
278 |
|
( |
|
( |
||||||||||||||||
Client Cash as a Percentage of Client Assets (4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
(80) bp |
|
160 bp |
|||||||||||||||||||||||||||||
Derivative Trades as a Percentage of Total Trades |
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
( |
|
|
||||||||||||||||
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 |
|
( |
|
( |
||||||||||||||||
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 |
|
- |
|
|
||||||||||||||||
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 |
|
|||||||||||||||||||
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) |
|||||||||||||||||||||||||
(2) |
Net new assets before significant one-time inflows or outflows, such as acquisitions/divestitures or extraordinary flows (generally greater than |
||||||||||||||||||||||||
(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:
Charles Schwab
Phone: 415-667-1525
INVESTORS/ANALYSTS:
Charles Schwab
Phone: 415-667-1524
Source:
FAQ
What are the core net new assets for Charles Schwab in July 2022?
How much were the total client assets for Schwab at the end of July 2022?
What was the percentage increase in total client assets from June 2022?