Schwab Reports Monthly Activity Highlights
The Charles Schwab Corporation announced its Monthly Activity Report for November 2020, revealing key financial metrics. Core net new assets reached $32.1 billion, with $31.5 billion excluding mutual fund clearing. Total client assets increased to $6.42 trillion, a 63% rise from November 2019 and a 9% increase from October 2020. New brokerage accounts numbered 430 thousand, representing a 200% increase year-over-year but a 97% decrease month-over-month, influenced by the TD Ameritrade acquisition closing on October 6, 2020.
- Core net new assets increased by $32.1 billion.
- Total client assets rose to $6.42 trillion, a 63% increase from November 2019.
- New brokerage accounts reached 430 thousand, a 200% rise year-over-year.
- New brokerage accounts decreased by 97% compared to October 2020.
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of November 2020 include:
-
Core net new assets brought to the company by new and existing clients totaled
$32.1 billion . Core net new assets excluding mutual fund clearing totaled$31.5 billion . -
Total client assets were
$6.42 trillion as of month-end November, up63% from November 2019 and up9% compared to October 2020.(1) -
New brokerage accounts were 430 thousand in November, up over
200% from November 2019 and down97% compared to October 2020.(1)
(1) |
Month-over-month and year-over-year comparisons are affected by the recent close of the TD Ameritrade acquisition on October 6, 2020. |
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 29.2 million active brokerage accounts, 2.0 million corporate retirement plan participants, 1.5 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 November 2020 | |||||||||||||||||||||||||||||||||||||||||||||
2019 |
2020 |
Change | |||||||||||||||||||||||||||||||||||||||||||
| Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Mo. | Yr. | |||||||||||||||||||||||||||||||
| Market Indices (at month end) | |||||||||||||||||||||||||||||||||||||||||||||
| Dow Jones Industrial Average | 28,051 |
|
28,538 |
|
28,256 |
|
25,409 |
|
21,917 |
|
24,346 |
|
25,383 |
|
25,813 |
|
26,428 |
|
28,430 |
|
27,782 |
|
26,502 |
|
29,639 |
|
12 |
% |
6 |
% |
|||||||||||||||
| Nasdaq Composite | 8,665 |
|
8,973 |
|
9,151 |
|
8,567 |
|
7,700 |
|
8,890 |
|
9,490 |
|
10,059 |
|
10,745 |
|
11,775 |
|
11,168 |
|
10,912 |
|
12,199 |
|
12 |
% |
41 |
% |
|||||||||||||||
| Standard & Poor’s 500 | 3,141 |
|
3,231 |
|
3,226 |
|
2,954 |
|
2,585 |
|
2,912 |
|
3,044 |
|
3,100 |
|
3,271 |
|
3,500 |
|
3,363 |
|
3,270 |
|
3,622 |
|
11 |
% |
15 |
% |
|||||||||||||||
| Client Assets (in billions of dollars) | |||||||||||||||||||||||||||||||||||||||||||||
| Beginning Client Assets | 3,854.6 |
|
3,942.2 |
|
4,038.8 |
|
4,051.6 |
|
3,862.8 |
|
3,496.9 |
|
3,778.3 |
|
4,009.0 |
|
4,110.1 |
|
4,278.0 |
|
4,489.7 |
|
4,395.3 |
|
5,878.5 |
|
|||||||||||||||||||
| Net New Assets (1) | 12.0 |
|
30.1 |
|
20.9 |
|
24.4 |
|
27.9 |
|
15.3 |
|
97.5 |
|
24.6 |
|
11.2 |
|
20.0 |
|
20.0 |
|
1,596.9 |
|
32.1 |
|
(98 |
%) |
168 |
% |
|||||||||||||||
| Net Market Gains (Losses) | 75.6 |
|
66.5 |
|
(8.1 |
) |
(213.2 |
) |
(393.8 |
) |
266.1 |
|
133.2 |
|
76.5 |
|
156.7 |
|
191.7 |
|
(114.4 |
) |
(113.7 |
) |
510.4 |
|
|||||||||||||||||||
| Total Client Assets (at month end) | 3,942.2 |
|
4,038.8 |
|
4,051.6 |
|
3,862.8 |
|
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 |
|
9 |
% |
63 |
% |
|||||||||||||||
| Core Net New Assets (2) | 12.0 |
|
30.1 |
|
20.9 |
|
24.4 |
|
27.9 |
|
15.3 |
|
17.6 |
|
13.7 |
|
2.7 |
|
20.0 |
|
20.0 |
|
25.6 |
|
32.1 |
|
25 |
% |
168 |
% |
|||||||||||||||
| Receiving Ongoing Advisory Services (at month end) | |||||||||||||||||||||||||||||||||||||||||||||
| Investor Services | 330.8 |
|
337.1 |
|
336.8 |
|
323.2 |
|
291.5 |
|
309.9 |
|
339.8 |
|
345.2 |
|
355.6 |
|
366.8 |
|
361.2 |
|
378.8 |
|
406.7 |
|
7 |
% |
23 |
% |
|||||||||||||||
| Advisor Services (3) | 1,728.2 |
|
1,769.7 |
|
1,773.2 |
|
1,694.0 |
|
1,531.3 |
|
1,647.9 |
|
1,711.7 |
|
1,747.5 |
|
1,818.5 |
|
1,900.5 |
|
1,870.1 |
|
2,552.0 |
|
2,766.1 |
|
8 |
% |
60 |
% |
|||||||||||||||
| Client Accounts (at month end, in thousands) | |||||||||||||||||||||||||||||||||||||||||||||
| Active Brokerage Accounts | 12,247 |
|
12,333 |
|
12,431 |
|
12,521 |
|
12,736 |
|
12,866 |
|
14,007 |
|
14,107 |
|
14,220 |
|
14,311 |
|
14,393 |
|
29,013 |
|
29,202 |
|
1 |
% |
138 |
% |
|||||||||||||||
| Banking Accounts | 1,384 |
|
1,390 |
|
1,403 |
|
1,411 |
|
1,426 |
|
1,439 |
|
1,448 |
|
1,463 |
|
1,480 |
|
1,493 |
|
1,486 |
|
1,496 |
|
1,504 |
|
1 |
% |
9 |
% |
|||||||||||||||
| Corporate Retirement Plan Participants | 1,743 |
|
1,748 |
|
1,732 |
|
1,726 |
|
1,721 |
|
1,696 |
|
1,714 |
|
1,716 |
|
1,712 |
|
1,715 |
|
1,722 |
|
2,072 |
|
2,045 |
|
(1 |
%) |
17 |
% |
|||||||||||||||
| Client Activity | |||||||||||||||||||||||||||||||||||||||||||||
| New Brokerage Accounts (in thousands) (4) | 127 |
|
164 |
|
167 |
|
159 |
|
283 |
|
201 |
|
1,250 |
|
201 |
|
206 |
|
202 |
|
184 |
|
14,718 |
|
430 |
|
(97 |
%) |
N/M |
||||||||||||||||
| Client Cash as a Percentage of Client Assets (5) | 11.3 |
% |
11.3 |
% |
11.3 |
% |
12.0 |
% |
15.1 |
% |
14.3 |
% |
14.0 |
% |
13.6 |
% |
13.0 |
% |
12.5 |
% |
12.8 |
% |
13.4 |
% |
12.4 |
% |
(100) bp | 110 bp | |||||||||||||||||
| Derivative Trades as a Percentage of Total Trades | 11.7 |
% |
10.7 |
% |
12.0 |
% |
11.5 |
% |
7.0 |
% |
10.2 |
% |
12.2 |
% |
10.6 |
% |
13.1 |
% |
13.8 |
% |
14.5 |
% |
20.5 |
% |
19.4 |
% |
(110) bp | 770 bp | |||||||||||||||||
| Mutual Fund and Exchange-Traded Fund | |||||||||||||||||||||||||||||||||||||||||||||
| Net Buys (Sells) (6,7) (in millions of dollars) | |||||||||||||||||||||||||||||||||||||||||||||
| Large Capitalization Stock | 1,406 |
|
991 |
|
845 |
|
(178 |
) |
984 |
|
(693 |
) |
(768 |
) |
(1,254 |
) |
(2,536 |
) |
(1,422 |
) |
(1,360 |
) |
(935 |
) |
4,454 |
|
|||||||||||||||||||
| Small / Mid Capitalization Stock | 73 |
|
201 |
|
(314 |
) |
(531 |
) |
(954 |
) |
151 |
|
(401 |
) |
(1,063 |
) |
(1,476 |
) |
(441 |
) |
(497 |
) |
(753 |
) |
2,431 |
|
|||||||||||||||||||
| International | 735 |
|
993 |
|
1,360 |
|
132 |
|
(2,116 |
) |
(2,207 |
) |
(1,953 |
) |
(1,580 |
) |
(773 |
) |
230 |
|
370 |
|
168 |
|
2,110 |
|
|||||||||||||||||||
| Specialized | 484 |
|
455 |
|
762 |
|
397 |
|
333 |
|
2,059 |
|
1,512 |
|
1,020 |
|
1,505 |
|
906 |
|
115 |
|
215 |
|
1,985 |
|
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"@type": "Question",
"name": "What were the core net new assets for Charles Schwab in November 2020?",
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"@type": "Answer",
"text": "Core net new assets totaled $32.1 billion in November 2020."
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"@type": "Question",
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"acceptedAnswer": {
"@type": "Answer",
"text": "Total client assets increased to $6.42 trillion, up 63% from November 2019."
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{
"@type": "Question",
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"acceptedAnswer": {
"@type": "Answer",
"text": "Charles Schwab opened 430 thousand new brokerage accounts in November 2020."
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FAQ
What were the core net new assets for Charles Schwab in November 2020?
Core net new assets totaled $32.1 billion in November 2020.
How much did total client assets increase for Charles Schwab in November 2020?
Total client assets increased to $6.42 trillion, up 63% from November 2019.
What was the number of new brokerage accounts opened by Charles Schwab in November 2020?
Charles Schwab opened 430 thousand new brokerage accounts in November 2020.
How did the TD Ameritrade acquisition affect Charles Schwab's numbers?
The acquisition affected month-over-month and year-over-year comparisons, particularly in the decrease of new accounts.
The Charles Schwab Corporation
NYSE:SCHWSCHW RankingsSCHW Latest NewsSCHW Stock Data
148.11B
1.67B
6.27%
84.98%
0.93%
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