Schwab Reports Monthly Activity Highlights

The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of April 2019 include:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190514005306/en/

• Core net new assets brought to the company by new and existing clients in April 2019 totaled negative $0.3 billion. Net new assets excluding mutual fund clearing totaled negative $1.2 billion. These flows reflect client cash disbursements during tax season.
• Total client assets were $3.67 trillion as of month-end April, up 11% from April 2018 and up 2% compared to March 2019.
• New brokerage accounts were 147,000 in April, up 4% from April 2018 and up 5% compared to March 2019, representing the highest April for new accounts in 19 years.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 360 offices and 11.9 million active brokerage accounts, 1.7 million corporate retirement plan participants, 1.3 million banking accounts, and $3.67 trillion in client assets as of April 30, 2019. 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 subsidiary, Charles Schwab & Co., Inc. (member SIPC, http://www.sipc.org), and 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 banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at www.schwab.com and www.aboutschwab.com.

The Charles Schwab Corporation Monthly Activity Report For April 2019

2018

2019

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
        
        
        
        
        
        
          24,163
        
        
        
        
        
        
          24,416
        
        
        
        
        
        
          24,271
        
        
        
        
        
        
          25,415
        
        
        
        
        
        
          25,965
        
        
        
        
        
        
          26,458
        
        
        
        
        
        
          25,116
        
        
        
        
        
        
          25,538
        
        
        
        
        
        
          23,327
        
        
        
        
        
        
          25,000
        
        
        
        
        
        
          25,916
        
        
        
        
        
        
          25,929
        
        
        
        
        
        
          26,593
        
        
        
        
        
        
          3%
        
        
        
        
        
        
          10%
        
      
      
        
          Nasdaq Composite
        
        
        
        
        
        
          7,066
        
        
        
        
        
        
          7,442
        
        
        
        
        
        
          7,510
        
        
        
        
        
        
          7,672
        
        
        
        
        
        
          8,110
        
        
        
        
        
        
          8,046
        
        
        
        
        
        
          7,306
        
        
        
        
        
        
          7,331
        
        
        
        
        
        
          6,635
        
        
        
        
        
        
          7,282
        
        
        
        
        
        
          7,533
        
        
        
        
        
        
          7,729
        
        
        
        
        
        
          8,095
        
        
        
        
        
        
          5%
        
        
        
        
        
        
          15%
        
      
      
        
          Standard & Poor’s 500
        
        
        
        
        
        
          2,648
        
        
        
        
        
        
          2,705
        
        
        
        
        
        
          2,718
        
        
        
        
        
        
          2,816
        
        
        
        
        
        
          2,902
        
        
        
        
        
        
          2,914
        
        
        
        
        
        
          2,712
        
        
        
        
        
        
          2,760
        
        
        
        
        
        
          2,507
        
        
        
        
        
        
          2,704
        
        
        
        
        
        
          2,784
        
        
        
        
        
        
          2,834
        
        
        
        
        
        
          2,946
        
        
        
        
        
        
          4%
        
        
        
        
        
        
          11%
        
      
      
        
          

Client Assets

 (in billions of dollars)
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Beginning Client Assets
        
        
        
        
        
        
          3,305.4
        
        
        
        
        
        
          3,312.1
        
        
        
        
        
        
          3,378.1
        
        
        
        
        
        
          3,397.0
        
        
        
        
        
        
          3,477.9
        
        
        
        
        
        
          3,555.9
        
        
        
        
        
        
          3,563.7
        
        
        
        
        
        
          3,388.1
        
        
        
        
        
        
          3,431.9
        
        
        
        
        
        
          3,252.2
        
        
        
        
        
        
          3,447.7
        
        
        
        
        
        
          3,533.0
        
        
        
        
        
        
          3,585.4
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Net New Assets (1)
        
        
        
        
        
        
          0.4
        
        
        
        
        
        
          19.4
        
        
        
        
        
        
          24.1
        
        
        
        
        
        
          16.3
        
        
        
        
        
        
          20.8
        
        
        
        
        
        
          16.4
        
        
        
        
        
        
          14.9
        
        
        
        
        
        
          15.6
        
        
        
        
        
        
          24.8
        
        
        
        
        
        
          15.1
        
        
        
        
        
        
          18.3
        
        
        
        
        
        
          18.3
        
        
        
        
        
        
          (0.3
        
        
          )
        
        
        
        
          (102%)
        
        
        
        
        
        
          (175%)
        
      
      
        
          Net Market Gains (Losses)
        
        
        
        
        
        
          6.3
        
        
           
        
        
           
        
        
          46.6
        
        
           
        
        
           
        
        
          (5.2
        
        
          )
        
        
           
        
        
          64.6
        
        
           
        
        
           
        
        
          57.2
        
        
           
        
        
           
        
        
          (8.6
        
        
          )
        
        
           
        
        
          (190.5
        
        
          )
        
        
           
        
        
          28.2
        
        
           
        
        
           
        
        
          (204.5
        
        
          )
        
        
           
        
        
          180.4
        
        
           
        
        
           
        
        
          67.0
        
        
           
        
        
           
        
        
          34.1
        
        
           
        
        
        
        
          83.4
        
        
           
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Total Client Assets (at month end)
        
        
        
        
        
        
          3,312.1
        
        
           
        
        
           
        
        
          3,378.1
        
        
           
        
        
           
        
        
          3,397.0
        
        
           
        
        
           
        
        
          3,477.9
        
        
           
        
        
           
        
        
          3,555.9
        
        
           
        
        
           
        
        
          3,563.7
        
        
           
        
        
           
        
        
          3,388.1
        
        
           
        
        
           
        
        
          3,431.9
        
        
           
        
        
           
        
        
          3,252.2
        
        
           
        
        
           
        
        
          3,447.7
        
        
           
        
        
           
        
        
          3,533.0
        
        
           
        
        
           
        
        
          3,585.4
        
        
           
        
        
        
        
          3,668.5
        
        
           
        
        
        
        
          2%
        
        
        
        
        
        
          11%
        
      
      
        
          Core Net New Assets (2)
        
        
        
        
        
        
          9.9
        
        
        
        
        
        
          19.4
        
        
        
        
        
        
          24.1
        
        
        
        
        
        
          16.3
        
        
        
        
        
        
          20.8
        
        
        
        
        
        
          16.4
        
        
        
        
        
        
          14.9
        
        
        
        
        
        
          15.6
        
        
        
        
        
        
          24.8
        
        
        
        
        
        
          15.1
        
        
        
        
        
        
          18.3
        
        
        
        
        
        
          18.3
        
        
        
        
        
        
          (0.3
        
        
          )
        
        
        
        
          (102%)
        
        
        
        
        
        
          (103%)
        
      
      
        
          

Receiving Ongoing Advisory Services (at month end)

        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Investor Services
        
        
        
        
        
        
          274.7
        
        
        
        
        
        
          279.1
        
        
        
        
        
        
          280.0
        
        
        
        
        
        
          287.0
        
        
        
        
        
        
          292.0
        
        
        
        
        
        
          292.7
        
        
        
        
        
        
          280.3
        
        
        
        
        
        
          284.7
        
        
        
        
        
        
          272.4
        
        
        
        
        
        
          286.9
        
        
        
        
        
        
          294.2
        
        
        
        
        
        
          298.4
        
        
        
        
        
        
          305.7
        
        
        
        
        
        
          2%
        
        
        
        
        
        
          11%
        
      
      
        
          Advisor Services (3)
        
        
        
        
        
        
          1,451.6
        
        
        
        
        
        
          1,478.0
        
        
        
        
        
        
          1,488.7
        
        
        
        
        
        
          1,525.5
        
        
        
        
        
        
          1,555.3
        
        
        
        
        
        
          1,559.2
        
        
        
        
        
        
          1,485.8
        
        
        
        
        
        
          1,510.1
        
        
        
        
        
        
          1,436.1
        
        
        
        
        
        
          1,514.2
        
        
        
        
        
        
          1,551.6
        
        
        
        
        
        
          1,572.8
        
        
        
        
        
        
          1,608.0
        
        
        
        
        
        
          2%
        
        
        
        
        
        
          11%
        
      
      
        
          

Client Accounts

(at month end, in thousands)
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Active Brokerage Accounts (4)
        
        
        
        
        
        
          11,081
        
        
        
        
        
        
          11,145
        
        
        
        
        
        
          11,202
        
        
        
        
        
        
          11,243
        
        
        
        
        
        
          11,310
        
        
        
        
        
        
          11,423
        
        
        
        
        
        
          11,479
        
        
        
        
        
        
          11,529
        
        
        
        
        
        
          11,593
        
        
        
        
        
        
          11,653
        
        
        
        
        
        
          11,712
        
        
        
        
        
        
          11,787
        
        
        
        
        
        
          11,870
        
        
        
        
        
        
          1%
        
        
        
        
        
        
          7%
        
      
      
        
          Banking Accounts (5)
        
        
        
        
        
        
          1,230
        
        
        
        
        
        
          1,240
        
        
        
        
        
        
          1,250
        
        
        
        
        
        
          1,262
        
        
        
        
        
        
          1,274
        
        
        
        
        
        
          1,283
        
        
        
        
        
        
          1,289
        
        
        
        
        
        
          1,297
        
        
        
        
        
        
          1,302
        
        
        
        
        
        
          1,312
        
        
        
        
        
        
          1,313
        
        
        
        
        
        
          1,300
        
        
        
        
        
        
          1,310
        
        
        
        
        
        
          1%
        
        
        
        
        
        
          7%
        
      
      
        
          Corporate Retirement Plan Participants
        
        
        
        
        
        
          1,599
        
        
        
        
        
        
          1,599
        
        
        
        
        
        
          1,599
        
        
        
        
        
        
          1,611
        
        
        
        
        
        
          1,621
        
        
        
        
        
        
          1,627
        
        
        
        
        
        
          1,634
        
        
        
        
        
        
          1,639
        
        
        
        
        
        
          1,655
        
        
        
        
        
        
          1,679
        
        
        
        
        
        
          1,685
        
        
        
        
        
        
          1,684
        
        
        
        
        
        
          1,690
        
        
        
        
        
        
          -
        
        
        
        
        
        
          6%
        
      
      
        
          

Client Activity

        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          New Brokerage Accounts (in thousands)
        
        
        
        
        
        
          141
        
        
        
        
        
        
          122
        
        
        
        
        
        
          121
        
        
        
        
        
        
          118
        
        
        
        
        
        
          132
        
        
        
        
        
        
          119
        
        
        
        
        
        
          133
        
        
        
        
        
        
          115
        
        
        
        
        
        
          132
        
        
        
        
        
        
          131
        
        
        
        
        
        
          115
        
        
        
        
        
        
          140
        
        
        
        
        
        
          147
        
        
        
        
        
        
          5%
        
        
        
        
        
        
          4%
        
      
      
        
          Inbound Calls (in thousands)
        
        
        
        
        
        
          2,034
        
        
        
        
        
        
          1,852
        
        
        
        
        
        
          1,814
        
        
        
        
        
        
          1,849
        
        
        
        
        
        
          1,964
        
        
        
        
        
        
          1,715
        
        
        
        
        
        
          1,976
        
        
        
        
        
        
          1,681
        
        
        
        
        
        
          1,839
        
        
        
        
        
        
          1,924
        
        
        
        
        
        
          1,742
        
        
        
        
        
        
          1,882
        
        
        
        
        
        
          1,966
        
        
        
        
        
        
          4%
        
        
        
        
        
        
          (3%)
        
      
      
        
          Web Logins (in thousands)
        
        
        
        
        
        
          55,980
        
        
        
        
        
        
          56,234
        
        
        
        
        
        
          56,491
        
        
        
        
        
        
          57,137
        
        
        
        
        
        
          62,797
        
        
        
        
        
        
          53,923
        
        
        
        
        
        
          59,261
        
        
        
        
        
        
          54,654
        
        
        
        
        
        
          53,920
        
        
        
        
        
        
          64,563
        
        
        
        
        
        
          60,121
        
        
        
        
        
        
          63,692
        
        
        
        
        
        
          65,669
        
        
        
        
        
        
          3%
        
        
        
        
        
        
          17%
        
      
      
        
          Client Cash as a Percentage of Client Assets (6)
        
        
        
        
        
        
          10.9
        
        
          %
        
        
        
        
          10.6
        
        
          %
        
        
        
        
          10.7
        
        
          %
        
        
        
        
          10.5
        
        
          %
        
        
        
        
          10.4
        
        
          %
        
        
        
        
          10.3
        
        
          %
        
        
        
        
          11.1
        
        
          %
        
        
        
        
          11.2
        
        
          %
        
        
        
        
          12.8
        
        
          %
        
        
        
        
          11.7
        
        
          %
        
        
        
        
          11.5
        
        
          %
        
        
        
        
          11.3
        
        
          %
        
        
        
        
          10.9
        
        
          %
        
        
        
        
          (40) bp
        
        
        
        
        
        
          -
        
      
      
        
          

Mutual Fund and Exchange-Traded Fund Net Buys (Sells) (7, 8)

(in millions of dollars)

        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Large Capitalization Stock
        
        
        
        
        
        
          410
        
        
        
        
        
        
          953
        
        
        
        
        
        
          981
        
        
        
        
        
        
          486
        
        
        
        
        
        
          918
        
        
        
        
        
        
          311
        
        
        
        
        
        
          308
        
        
        
        
        
        
          331
        
        
        
        
        
        
          717
        
        
        
        
        
        
          1,343
        
        
        
        
        
        
          1,109
        
        
        
        
        
        
          1,045
        
        
        
        
        
        
          980
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Small / Mid Capitalization Stock
        
        
        
        
        
        
          359
        
        
        
        
        
        
          753
        
        
        
        
        
        
          1,195
        
        
        
        
        
        
          768
        
        
        
        
        
        
          (186
        
        
          )
        
        
        
        
          151
        
        
        
        
        
        
          (1,344
        
        
          )
        
        
        
        
          (456
        
        
          )
        
        
        
        
          (1,414
        
        
          )
        
        
        
        
          1,329
        
        
        
        
        
        
          638
        
        
        
        
        
        
          302
        
        
        
        
        
        
          136
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          International
        
        
        
        
        
        
          809
        
        
        
        
        
        
          372
        
        
        
        
        
        
          (498
        
        
          )
        
        
        
        
          (529
        
        
          )
        
        
        
        
          186
        
        
        
        
        
        
          (88
        
        
          )
        
        
        
        
          (109
        
        
          )
        
        
        
        
          (418
        
        
          )
        
        
        
        
          (2,163
        
        
          )
        
        
        
        
          2,212
        
        
        
        
        
        
          1,086
        
        
        
        
        
        
          1,274
        
        
        
        
        
        
          863
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Specialized
        
        
        
        
        
        
          122
        
        
        
        
        
        
          (19
        
        
          )
        
        
        
        
          383
        
        
        
        
        
        
          520
        
        
        
        
        
        
          (245
        
        
          )
        
        
        
        
          73
        
        
        
        
        
        
          (914
        
        
          )
        
        
        
        
          (397
        
        
          )
        
        
        
        
          (2,105
        
        
          )
        
        
        
        
          124
        
        
        
        
        
        
          609
        
        
        
        
        
        
          750
        
        
        
        
        
        
          (109
        
        
          )
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Hybrid
        
        
        
        
        
        
          (541
        
        
          )
        
        
        
        
          (241
        
        
          )
        
        
        
        
          (288
        
        
          )
        
        
        
        
          (548
        
        
          )
        
        
        
        
          (678
        
        
          )
        
        
        
        
          (324
        
        
          )
        
        
        
        
          (1,313
        
        
          )
        
        
        
        
          (1,248
        
        
          )
        
        
        
        
          (2,985
        
        
          )
        
        
        
        
          (321
        
        
          )
        
        
        
        
          (309
        
        
          )
        
        
        
        
          (357
        
        
          )
        
        
        
        
          (228
        
        
          )
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Taxable Bond
        
        
        
        
        
        
          1,661
        
        
        
        
        
        
          1,002
        
        
        
        
        
        
          928
        
        
        
        
        
        
          879
        
        
        
        
        
        
          965
        
        
        
        
        
        
          1,371
        
        
        
        
        
        
          (351
        
        
          )
        
        
        
        
          (836
        
        
          )
        
        
        
        
          (4,342
        
        
          )
        
        
        
        
          3,956
        
        
        
        
        
        
          2,871
        
        
        
        
        
        
          1,923
        
        
        
        
        
        
          3,029
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Tax-Free Bond
        
        
        
        
        
        
          (113
        
        
          )
        
        
        
        
          449
        
        
        
        
        
        
          588
        
        
        
        
        
        
          306
        
        
        
        
        
        
          559
        
        
        
        
        
        
          262
        
        
        
        
        
        
          (591
        
        
          )
        
        
        
        
          (407
        
        
          )
        
        
        
        
          (409
        
        
          )
        
        
        
        
          1,184
        
        
        
        
        
        
          1,111
        
        
        
        
        
        
          1,133
        
        
        
        
        
        
          760
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          

Net Buy (Sell) Activity

(in millions of dollars)
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Mutual Funds (7)
        
        
        
        
        
        
          (36
        
        
          )
        
        
        
        
          (88
        
        
          )
        
        
        
        
          555
        
        
        
        
        
        
          (522
        
        
          )
        
        
        
        
          (1,936
        
        
          )
        
        
        
        
          (1,538
        
        
          )
        
        
        
        
          (5,734
        
        
          )
        
        
        
        
          (7,955
        
        
          )
        
        
        
        
          (21,372
        
        
          )
        
        
        
        
          6,740
        
        
        
        
        
        
          2,312
        
        
        
        
        
        
          1,850
        
        
        
        
        
        
          1,860
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Exchange-Traded Funds (8)
        
        
        
        
        
        
          2,743
        
        
        
        
        
        
          3,357
        
        
        
        
        
        
          2,734
        
        
        
        
        
        
          2,404
        
        
        
        
        
        
          3,455
        
        
        
        
        
        
          3,294
        
        
        
        
        
        
          1,420
        
        
        
        
        
        
          4,524
        
        
        
        
        
        
          8,671
        
        
        
        
        
        
          3,087
        
        
        
        
        
        
          4,803
        
        
        
        
        
        
          4,220
        
        
        
        
        
        
          3,571
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Money Market Funds
        
        
        
        
        
        
          (4,156
        
        
          )
        
        
        
        
          (2,245
        
        
          )
        
        
        
        
          (4,919
        
        
          )
        
        
        
        
          (4,801
        
        
          )
        
        
        
        
          704
        
        
        
        
        
        
          (1,933
        
        
          )
        
        
        
        
          2,546
        
        
        
        
        
        
          8,515
        
        
        
        
        
        
          13,548
        
        
        
        
        
        
          4,944
        
        
        
        
        
        
          (1,577
        
        
          )
        
        
        
        
          1,785
        
        
        
        
        
        
          (2,097
        
        
          )
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          

Average Interest-Earning Assets

(9)
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          (in millions of dollars)
        
        
        
        
        
        
          239,833
        
        
        
        
        
        
          242,584
        
        
        
        
        
        
          249,432
        
        
        
        
        
        
          254,211
        
        
        
        
        
        
          259,137
        
        
        
        
        
        
          261,741
        
        
        
        
        
        
          264,156
        
        
        
        
        
        
          265,648
        
        
        
        
        
        
          274,913
        
        
        
        
        
        
          277,068
        
        
        
        
        
        
          270,718
        
        
        
        
        
        
          272,727
        
        
        
        
        
        
          270,308
        
        
           
        
        
        
        
          (1%)
        
        
        
        
        
        
          13%
        
      
    
    
      
        
        
        
           
        
        
           
        
        
        
      
      
        
          (1)
        
        
        
        
        
        
          April 2018 includes outflows of $9.5 billion from certain mutual 
          fund clearing services clients.
        
      
      
        
          (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)
        
        
        
        
        
        
          In September 2018, the definition of active brokerage accounts was 
          standardized across all account types as accounts with activity 
          within the preceding 270 days. This change increased active accounts 
          by approximately 63,000.
        
      
      
        
          (5)
        
        
        
        
        
        
          In March 2019, banking accounts were reduced by approximately 23,000 
          as a result of inactive account closures.
        
      
      
        
          (6)
        
        
        
        
        
        
          Schwab One®, certain cash equivalents, bank deposits and 
          money market fund balances as a percentage of total client assets.
        
      
      
        
          (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.
        
      
      
        
          (9)
        
        
        
        
        
        
          Represents average total interest-earning assets on the company's 
          balance sheet.
        
      
    
    

View source version on businesswire.com: https://www.businesswire.com/news/home/20190514005306/en/

MEDIA:Mayura HooperCharles SchwabPhone: 415-667-1525

INVESTORS/ANALYSTS:Rich FowlerCharles SchwabPhone: 415-667-1841