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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Charles Schwab Corporation | NYSE:SCHW | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.48 | 0.63% | 76.52 | 76.69 | 75.87 | 76.50 | 313,036 | 14:59:10 |
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of January 2021 include:
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210212005100/en/
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 30.5 million active brokerage accounts, 2.1 million corporate retirement plan participants, 1.5 million banking accounts, and $6.8 trillion in client assets as of January 31, 2021. 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 January 20212020
2021
Change Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Mo. Yr. Market Indices (at month end)
Dow Jones Industrial Average
28,256
25,409
21,917
24,346
25,383
25,813
26,428
28,430
27,782
26,502
29,639
30,606
29,983
(2%)
6%
Nasdaq Composite9,151
8,567
7,700
8,890
9,490
10,059
10,745
11,775
11,168
10,912
12,199
12,888
13,071
1%
43%
Standard & Poor’s 5003,226
2,954
2,585
2,912
3,044
3,100
3,271
3,500
3,363
3,270
3,622
3,756
3,714
(1%)
15%
Client Assets (in billions of dollars)
Beginning Client Assets
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
6,691.7
Net New Assets (1)
20.9
24.4
27.9
15.3
97.5
24.6
11.2
20.0
20.0
1,596.9
32.1
61.7
34.2
(45%)
64%
Net Market (Losses) Gains(8.1
)
(213.2
)
(393.8
)
266.1
133.2
76.5
156.7
191.7
(114.4
)
(113.7
)
510.4
209.0
33.7
Total Client Assets (at month end)
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
6,691.7
6,759.6
1%
67%
Core Net New Assets (2)20.9
24.4
27.9
15.3
17.6
13.7
2.7
20.0
20.0
25.6
32.1
61.7
34.2
(45%)
64%
Receiving Ongoing Advisory Services (at month end) (3)
Investor Services
336.8
323.2
291.5
309.9
339.8
345.2
355.6
366.8
361.2
425.3
457.1
471.8
472.4
-
40%
Advisor Services (4)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
2,505.5
2,715.7
2,828.3
2,840.6
-
60%
Client Accounts (at month end, in thousands)
Active Brokerage Accounts
12,431
12,521
12,736
12,866
14,007
14,107
14,220
14,311
14,393
29,013
29,202
29,629
30,534
3%
146%
Banking Accounts1,403
1,411
1,426
1,439
1,448
1,463
1,480
1,493
1,486
1,496
1,504
1,499
1,518
1%
8%
Corporate Retirement Plan Participants1,732
1,726
1,721
1,696
1,714
1,716
1,712
1,715
1,722
2,072
2,045
2,054
2,069
1%
19%
Client Activity
New Brokerage Accounts (in thousands) (5)
167
159
283
201
1,250
201
206
202
184
14,718
430
626
1,095
75%
N/M
Client Cash as a Percentage of Client Assets (6)11.3%
12.0%
15.1%
14.3%
14.0%
13.6%
13.0%
12.5%
12.8%
13.4%
12.4%
12.3%
12.2%
(10) bp
90 bp
Derivative Trades as a Percentage of Total Trades12.0%
11.5%
7.0%
10.2%
12.2%
10.6%
13.1%
13.8%
14.5%
20.5%
19.4%
18.9%
17.4%
(150) bp
540 bp
Mutual Fund and Exchange-Traded Fund
Net Buys (Sells) (7,8) (in millions of dollars)
Large Capitalization Stock
845
(178
)
984
(693
)
(768
)
(1,254
)
(2,536
)
(1,422
)
(1,360
)
(935
)
4,454
3,693
(1,604
)
Small / Mid Capitalization Stock
(314
)
(531
)
(954
)
151
(401
)
(1,063
)
(1,476
)
(441
)
(497
)
(753
)
2,431
2,293
1,841
International
1,360
132
(2,116
)
(2,207
)
(1,953
)
(1,580
)
(773
)
230
370
168
2,110
4,112
4,330
Specialized
762
397
333
2,059
1,512
1,020
1,505
906
115
215
1,985
3,777
3,667
Hybrid
615
(257
)
(4,790
)
(860
)
(518
)
(97
)
(769
)
(124
)
(12
)
(553
)
(402
)
359
407
Taxable Bond
5,714
3,830
(23,142
)
1,642
5,469
9,215
7,314
7,680
5,734
5,904
4,825
10,004
10,922
Tax-Free Bond
1,481
1,066
(5,229
)
(242
)
805
1,710
1,297
1,648
1,123
861
1,131
2,165
2,679
Net Buy (Sell) Activity (in millions of dollars)
Mutual Funds (7)
2,684
(565
)
(34,382
)
(3,863
)
(564
)
1,768
(147
)
2,568
757
(2,260
)
2,832
6,336
5,713
Exchange-Traded Funds (8)
7,779
5,024
(532
)
3,713
4,710
6,183
4,709
5,909
4,716
7,167
13,702
20,067
16,529
Money Market Funds
1,911
1,312
(1,233
)
8,465
4,833
(5,673
)
(9,039
)
(5,614
)
(6,627
)
(4,021
)
(5,908
)
(7,332
)
(5,248
)
Selected Average Balances (in millions of dollars)
Average Interest-Earning Assets (9,10)
279,437
278,966
317,850
353,018
361,814
373,986
379,521
384,690
392,784
442,119
466,677
482,394
517,306
7%
85%
Average Bank Deposit Account Balances (10,11)-
-
-
-
-
-
-
-
-
132,030
162,315
163,463
167,980
3%
N/M
(1)
October 2020 includes an inflow of $1.6 trillion related to the acquisition of TD Ameritrade. July 2020 includes an inflow of $8.5 billion related to the acquisition of Wasmer, Schroeder & Company, LLC. June 2020 includes an inflow of $10.9 billion from a mutual fund clearing services client. May 2020 includes an inflow of $79.9 billion related to the acquisition of the assets of USAA’s Investment Management Company.(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)
Beginning in December 2020, AdvisorDirect assets are presented as Investor Services. In Decmeber 2020, $46.5 billion and $50.4 billion for October and November, respectively, were reclassed from Advisor Services to Investor Services.(4)
Excludes Retirement Business Services.(5)
October 2020 includes 14.5 million new brokerage accounts related to the acquisition of TD Ameritrade. May 2020 includes 1.1 million new brokerage accounts related to the acquisition of the assets of USAA’s Investment Management Company.(6)
Schwab One®, certain cash equivalents, bank deposits, third-party bank deposit accounts, 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.(10)
October 2020 averages reflect a full month of Schwab balances and 26 days of TD Ameritrade balances following the acquisition closing on October 6, 2020. Calculating the consolidated daily average from the closing date onwards would result in Average Interest Earning Assets and Average Bank Deposit Account Balances of $450,004 million and $157,414 million, respectively.(11)
Represents average TD Ameritrade clients’ uninvested cash sweep account balances held in deposit accounts at third-party financial institutions. N/M - Not meaningful
View source version on businesswire.com: https://www.businesswire.com/news/home/20210212005100/en/
MEDIA: Mayura Hooper Charles Schwab Phone: 415-667-1525
INVESTORS/ANALYSTS: Jeff Edwards Charles Schwab Phone: 415-667-1524
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