Schwab Reports Monthly Activity Highlights
Charles Schwab 's July 2024 Monthly Activity Report reveals strong performance and growth. Core net new assets reached $29.0 billion, more than doubling July 2023 levels. Total client assets hit $9.57 trillion, up 16% year-over-year and 2% month-over-month. New brokerage accounts increased by 327,000, showing 8% and 5% growth compared to July 2023 and June 2024, respectively.
While transactional sweep cash slightly decreased to $371.8 billion (down 1% from June 2024), client market engagement remained robust. The combined decline in bank sweep deposits and broker-dealer cash balances was less than $1 billion month-over-month, indicating stable cash management despite market activity.
Il Rapporto Mensile di Attività di Charles Schwab per luglio 2024 evidenzia un'eccellente performance e crescita. Le nuove risorse nette core hanno raggiunto $29,0 miliardi, più del doppio rispetto ai livelli di luglio 2023. Il totale delle risorse dei clienti ha toccato $9,57 trilioni, con un aumento del 16% rispetto all'anno precedente e del 2% rispetto al mese scorso. I nuovi conti di intermediazione sono aumentati di 327.000, mostrando una crescita dell'8% e del 5% rispetto a luglio 2023 e giugno 2024, rispettivamente.
Sebbene il liquid cash di transazione sia leggermente diminuito a $371,8 miliardi (giù dell'1% rispetto a giugno 2024), l'engagement dei clienti sul mercato è rimasto solido. Il calo complessivo nei depositi bancari e nei saldi di contanti dei broker è stato inferiore a $1 miliardo rispetto al mese precedente, indicando una gestione liquida stabile nonostante l'attività di mercato.
El Informe Mensual de Actividad de Charles Schwab para julio de 2024 revela un gran desempeño y crecimiento. Los activos netos nuevos centrales alcanzaron $29,0 mil millones, más del doble en comparación con los niveles de julio de 2023. Los activos totales de los clientes alcanzaron $9.57 billones, un aumento del 16% en comparación con el año anterior y del 2% en comparación con el mes anterior. Las nuevas cuentas de corretaje aumentaron en 327,000, mostrando un crecimiento del 8% y del 5% en comparación con julio de 2023 y junio de 2024, respectivamente.
Aunque el efectivo de barrido de transacciones disminuyó ligeramente a $371,8 mil millones (una caída del 1% desde junio de 2024), la participación de los clientes en el mercado se mantuvo robusta. La disminución combinada en los depósitos de barrido bancario y los saldos de efectivo de las corredoras fue inferior a $1 mil millones mes a mes, lo que indica una gestión de efectivo estable a pesar de la actividad del mercado.
찰스 슈왑의 2024년 7월 월간 활동 보고서는 강력한 성과와 성장을 나타냅니다. 핵심 순 신규 자산은 290억 달러에 도달하여 2023년 7월 수준의 두 배 이상입니다. 총 고객 자산은 9.57조 달러에 달하며, 전년 대비 16% 증가하고, 전월 대비 2% 증가했습니다. 새로운 증권 계좌는 327,000개 증가하여 2023년 7월과 2024년 6월 각각 8% 및 5% 성장했습니다.
거래 원금의 현금 스윕이 3,718억 달러로 다소 감소했지만(2024년 6월 대비 1% 하락) 고객의 시장 참여는 여전히 강력했습니다. 은행 스윕 예금 및 중개업체 현금 잔액의 총 하락폭은 월별로 10억 달러 미만으로 안정적인 현금 관리가 이루어지고 있음을 나타냅니다.
Le Rapport Mensuel d'Activité de Charles Schwab pour juillet 2024 révèle de solides performances et une croissance. Les actifs nets nouveaux principaux ont atteint 29,0 milliards de dollars, plus du double par rapport aux niveaux de juillet 2023. Les actifs totaux des clients ont atteint 9,57 trillions de dollars, en hausse de 16 % par rapport à l'an dernier et de 2 % par rapport au mois dernier. Les nouveaux comptes de courtage ont augmenté de 327 000, montrant une croissance de 8 % et de 5 % par rapport à juillet 2023 et juin 2024, respectivement.
Bien que le liquide de transaction ait légèrement diminué à 371,8 milliards de dollars (en baisse de 1 % par rapport à juin 2024), l'engagement des clients sur le marché est resté solide. La baisse combinée des dépôts de balayage bancaire et des soldes de cash des courtiers était inférieure à 1 milliard de dollars d'un mois sur l'autre, indiquant une gestion de trésorerie stable malgré l'activité du marché.
Der Monatsbericht über die Aktivitäten von Charles Schwab für Juli 2024 zeigt eine starke Leistung und Wachstum. Kernnettoneuvermögen erreichte 29,0 Milliarden Dollar und verdoppelte damit die Werte von Juli 2023. Die Gesamtvermögen der Kunden beliefen sich auf 9,57 Billionen Dollar, was einem Anstieg von 16 % im Jahresvergleich und 2 % im Monatsvergleich entspricht. Die neuen Brokerage-Konten stiegen um 327.000, was einem Wachstum von 8 % und 5 % im Vergleich zu Juli 2023 und Juni 2024 entspricht.
Obwohl der Transaktionssweep-Bargeld auf 371,8 Milliarden Dollar leicht sank (1 % weniger als im Juni 2024), blieb das Marktengagement der Kunden robust. Der kombinierte Rückgang bei Bank-Sweep-Einlagen und Cash-Guthaben der Brokerhändler war weniger als 1 Milliarde Dollar im Monatsvergleich, was eine stabile Bargeldverwaltung trotz der Marktaktivität anzeigt.
- Core net new assets doubled year-over-year to $29.0 billion
- Total client assets increased 16% year-over-year to $9.57 trillion
- New brokerage accounts grew 8% year-over-year to 327,000
- Strong client engagement in markets maintained
- Transactional sweep cash decreased 1% month-over-month to $371.8 billion
- Combined bank sweep deposits and broker-dealer cash balances declined by less than $1 billion
Insights
Schwab's July 2024 report shows robust growth, with core net new assets of
Schwab's impressive July performance, particularly the doubling of net new assets, signals a potential shift in investor behavior. This could be driven by increased market optimism or Schwab's competitive offerings. The
-
Core net new assets brought to the company by new and existing clients totaled
$29.0 billion -
Total client assets were
$9.57 trillion 16% from July 2023 and up2% compared to June 2024. -
New brokerage accounts totaled 327 thousand in July, an increase of
8% and5% versus July 2023 and June 2024, respectively. -
Transactional sweep cash finished July 2024 at
$371.8 billion 1% versus June 2024. While client engagement in the markets remained strong through July, the combined month-over-month decline in bank sweep deposits and broker-dealer cash balances was less than$1 billion
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 35.7 million active brokerage accounts, 5.4 million workplace plan participant accounts, 1.9 million banking accounts, and
| The Charles Schwab Corporation Monthly Activity Report For July 2024 | |||||||||||||||||||||||||||||||||||||||||||||
2023 |
2024 |
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® | 35,560 |
|
34,722 |
|
33,508 |
|
33,053 |
|
35,951 |
|
37,690 |
|
38,150 |
|
38,996 |
|
39,807 |
|
37,816 |
|
38,686 |
|
39,119 |
|
40,843 |
|
4 |
% |
15 |
% |
|||||||||||||||
| Nasdaq Composite® | 14,346 |
|
14,035 |
|
13,219 |
|
12,851 |
|
14,226 |
|
15,011 |
|
15,164 |
|
16,092 |
|
16,379 |
|
15,658 |
|
16,735 |
|
17,733 |
|
17,599 |
|
(1 |
%) |
23 |
% |
|||||||||||||||
| Standard & Poor’s® 500 | 4,589 |
|
4,508 |
|
4,288 |
|
4,194 |
|
4,568 |
|
4,770 |
|
4,846 |
|
5,096 |
|
5,254 |
|
5,036 |
|
5,278 |
|
5,460 |
|
5,522 |
|
1 |
% |
20 |
% |
|||||||||||||||
| Client Assets (in billions of dollars) | |||||||||||||||||||||||||||||||||||||||||||||
| Beginning Client Assets | 8,015.8 |
|
8,241.0 |
|
8,094.7 |
|
7,824.5 |
|
7,653.4 |
|
8,180.6 |
|
8,516.6 |
|
8,558.1 |
|
8,879.5 |
|
9,118.4 |
|
8,847.5 |
|
9,206.3 |
|
9,407.5 |
|
|||||||||||||||||||
| Net New Assets (1) | 12.9 |
|
8.1 |
|
27.2 |
|
5.0 |
|
19.2 |
|
42.1 |
|
14.8 |
|
31.7 |
|
41.7 |
|
10.0 |
|
31.0 |
|
33.2 |
|
29.0 |
|
(13 |
%) |
125 |
% |
|||||||||||||||
| Net Market Gains (Losses) | 212.3 |
|
(154.4 |
) |
(297.4 |
) |
(176.1 |
) |
508.0 |
|
293.9 |
|
26.7 |
|
289.7 |
|
197.2 |
|
(280.9 |
) |
327.8 |
|
168.0 |
|
135.6 |
|
|||||||||||||||||||
| Total Client Assets (at month end) | 8,241.0 |
|
8,094.7 |
|
7,824.5 |
|
7,653.4 |
|
8,180.6 |
|
8,516.6 |
|
8,558.1 |
|
8,879.5 |
|
9,118.4 |
|
8,847.5 |
|
9,206.3 |
|
9,407.5 |
|
9,572.1 |
|
2 |
% |
16 |
% |
|||||||||||||||
| Core Net New Assets (1,2) | 13.7 |
|
4.9 |
|
27.1 |
|
11.3 |
|
21.7 |
|
43.1 |
|
17.2 |
|
33.4 |
|
45.0 |
|
1.0 |
|
31.1 |
|
29.1 |
|
29.0 |
|
- |
|
112 |
% |
|||||||||||||||
| Receiving Ongoing Advisory Services (at month end) | |||||||||||||||||||||||||||||||||||||||||||||
| Investor Services | 560.6 |
|
552.2 |
|
533.0 |
|
522.2 |
|
557.0 |
|
581.4 |
|
584.1 |
|
601.8 |
|
618.5 |
|
602.2 |
|
624.0 |
|
632.9 |
|
649.1 |
|
3 |
% |
16 |
% |
|||||||||||||||
| Advisor Services (3) | 3,619.8 |
|
3,554.2 |
|
3,448.0 |
|
3,380.3 |
|
3,604.4 |
|
3,757.4 |
|
3,780.4 |
|
3,902.5 |
|
4,009.5 |
|
3,893.9 |
|
4,027.3 |
|
4,090.0 |
|
4,185.4 |
|
2 |
% |
16 |
% |
|||||||||||||||
| Client Accounts (at month end, in thousands) | |||||||||||||||||||||||||||||||||||||||||||||
| Active Brokerage Accounts | 34,434 |
|
34,440 |
|
34,540 |
|
34,571 |
|
34,672 |
|
34,838 |
|
35,017 |
|
35,127 |
|
35,301 |
|
35,426 |
|
35,524 |
|
35,612 |
|
35,743 |
|
- |
|
4 |
% |
|||||||||||||||
| Banking Accounts | 1,792 |
|
1,798 |
|
1,799 |
|
1,812 |
|
1,825 |
|
1,838 |
|
1,856 |
|
1,871 |
|
1,885 |
|
1,901 |
|
1,916 |
|
1,931 |
|
1,937 |
|
- |
|
8 |
% |
|||||||||||||||
| Workplace Plan Participant Accounts (4) | 5,030 |
|
5,037 |
|
5,141 |
|
5,212 |
|
5,212 |
|
5,221 |
|
5,226 |
|
5,268 |
|
5,277 |
|
5,282 |
|
5,345 |
|
5,363 |
|
5,382 |
|
- |
|
7 |
% |
|||||||||||||||
| Client Activity | |||||||||||||||||||||||||||||||||||||||||||||
| New Brokerage Accounts (in thousands) | 303 |
|
311 |
|
280 |
|
284 |
|
286 |
|
340 |
|
366 |
|
345 |
|
383 |
|
361 |
|
314 |
|
310 |
|
327 |
|
5 |
% |
8 |
% |
|||||||||||||||
| Client Cash as a Percentage of Client Assets (5) | 10.2 |
% |
10.4 |
% |
10.8 |
% |
11.2 |
% |
10.7 |
% |
10.5 |
% |
10.5 |
% |
10.2 |
% |
10.0 |
% |
10.2 |
% |
9.9 |
% |
9.7 |
% |
9.6 |
% |
(10) bp | (60) bp | |||||||||||||||||
| Derivative Trades as a Percentage of Total Trades | 23.0 |
% |
24.4 |
% |
24.2 |
% |
23.2 |
% |
23.1 |
% |
21.8 |
% |
21.8 |
% |
22.2 |
% |
21.9 |
% |
22.1 |
% |
21.9 |
% |
21.3 |
% |
21.2 |
% |
(10) bp | (180) bp | |||||||||||||||||
| Selected Average Balances (in millions of dollars) | |||||||||||||||||||||||||||||||||||||||||||||
| Average Interest-Earning Assets (6) | 466,659 |
|
449,483 |
|
444,864 |
|
438,522 |
|
439,118 |
|
446,305 |
|
443,694 |
|
434,822 |
|
431,456 |
|
423,532 |
|
415,950 |
|
417,150 |
|
417,379 |
|
- |
|
(11 |
%) |
|||||||||||||||
| Average Margin Balances | 63,040 |
|
64,226 |
|
64,014 |
|
63,946 |
|
61,502 |
|
62,309 |
|
61,368 |
|
63,600 |
|
66,425 |
|
68,827 |
|
67,614 |
|
69,730 |
|
73,206 |
|
5 |
% |
16 |
% |
|||||||||||||||
| Average Bank Deposit Account Balances (7) | 102,566 |
|
101,928 |
|
100,404 |
|
97,893 |
|
94,991 |
|
95,518 |
|
95,553 |
|
92,075 |
|
90,774 |
|
88,819 |
|
86,844 |
|
85,195 |
|
83,979 |
|
(1 |
%) |
(18 |
%) |
|||||||||||||||
| Mutual Fund and Exchange-Traded Fund | |||||||||||||||||||||||||||||||||||||||||||||
| Net Buys (Sells) (8,9) (in millions of dollars) | |||||||||||||||||||||||||||||||||||||||||||||
| Equities | 7,423 |
|
(278 |
) |
675 |
|
(3,039 |
) |
6,099 |
|
7,903 |
|
8,182 |
|
7,624 |
|
10,379 |
|
3,472 |
|
5,734 |
|
3,379 |
|
10,908 |
|
|||||||||||||||||||
| Hybrid | (407 |
) |
(1,037 |
) |
(828 |
) |
(1,457 |
) |
(1,466 |
) |
(1,596 |
) |
(501 |
) |
(1,330 |
) |
(439 |
) |
(703 |
) |
(558 |
) |
(843 |
) |
(1,155 |
) |
|||||||||||||||||||
| Bonds | 2,515 |
|
4,696 |
|
2,723 |
|
1,094 |
|
255 |
|
6,104 |
|
7,510 |
|
9,883 |
|
7,561 |
|
5,949 |
|
5,854 |
|
6,346 |
|
8,651 |
|
|||||||||||||||||||
| Net Buy (Sell) Activity (in millions of dollars) | |||||||||||||||||||||||||||||||||||||||||||||
| Mutual Funds (8) | (3,333 |
) |
(6,476 |
) |
(5,853 |
) |
(12,245 |
) |
(9,267 |
) |
(7,406 |
) |
(966 |
) |
(1,348 |
) |
(1,607 |
) |
(4,818 |
) |
(5,544 |
) |
(4,254 |
) |
(4,679 |
) |
|||||||||||||||||||
| Exchange-Traded Funds (9) | 12,864 |
|
9,857 |
|
8,423 |
|
8,843 |
|
14,155 |
|
19,817 |
|
16,157 |
|
17,525 |
|
19,108 |
|
13,536 |
|
16,574 |
|
13,136 |
|
23,083 |
|
|||||||||||||||||||
| Money Market Funds | 7,911 |
|
16,869 |
|
13,388 |
|
16,976 |
|
11,670 |
|
7,745 |
|
11,717 |
|
10,129 |
|
9,085 |
|
(2,357 |
) |
9,790 |
|
3,858 |
|
9,110 |
|
|||||||||||||||||||
|
Note: Certain supplemental details related to the information above can be found at: https://www.aboutschwab.com/financial-reports. |
(1) |
Unless otherwise noted, differences between net new assets and core net new assets are net flows from off-platform Schwab Bank Retail CDs. Additionally, 2024 includes an inflow of |
(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) |
Beginning October 2023, Retirement Plan Participants was expanded to include accounts in Stock Plan Services, Designated Brokerage Services, and Retirement Business Services. Participants may be enrolled in services in more than one Workplace business. Prior periods have been recast to reflect this change. |
(5) |
Schwab One®, certain cash equivalents, bank deposits, third-party bank deposit accounts, and money market fund balances as a percentage of total client assets. |
(6) |
Represents average total interest-earning assets on the Company's balance sheet. |
(7) |
Represents average clients’ uninvested cash sweep account balances held in deposit accounts at third-party financial institutions. |
(8) |
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. |
(9) |
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/20240814857559/en/
MEDIA:
Mayura Hooper
Charles Schwab
Phone: 415-667-1525
INVESTORS/ANALYSTS:
Jeff Edwards
Charles Schwab
Phone: 817-854-6177
Source: The Charles Schwab Corporation
FAQ
What was Charles Schwab's (SCHW) core net new asset growth in July 2024?
How much did Charles Schwab's (SCHW) total client assets grow year-over-year in July 2024?
What was the growth in new brokerage accounts for Charles Schwab (SCHW) in July 2024?
How did Charles Schwab's (SCHW) transactional sweep cash change in July 2024?
