SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of October 2014 include:
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Net new assets brought to the company by new and existing clients in October 2014 totaled $7.9 billion.
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Total client assets were $2.44 trillion as of month-end October, up 12% from October 2013 and up 2% compared to September 2014.
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Average interest-earning assets on the company’s balance sheet were a record $141.5 billion as of month-end October, up 5% from October 2013 and up 1% compared to September 2014.
About Charles Schwab
The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with more than 325 offices and 9.3 million active brokerage accounts, 1.4 million corporate retirement plan participants, 974,000 banking accounts, and $2.44 trillion in client assets as of October 31, 2014. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, 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 October 2014 | ||||||||||||||||||||||||||||||||
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| Market Indices | ||||||||||||||||||||||||||||||||
| (at month end) | ||||||||||||||||||||||||||||||||
| Dow Jones Industrial Average | 15,546 | 16,086 | 16,577 | 15,699 | 16,322 | 16,458 | 16,581 | 16,717 | 16,827 | 16,563 | 17,098 | 17,043 | 17,391 | 2% | 12% | |||||||||||||||||
| Nasdaq Composite | 3,920 | 4,060 | 4,177 | 4,104 | 4,308 | 4,199 | 4,115 | 4,243 | 4,408 | 4,370 | 4,580 | 4,493 | 4,631 | 3% | 18% | |||||||||||||||||
| Standard & Poor’s 500 | 1,757 | 1,806 | 1,848 | 1,783 | 1,859 | 1,872 | 1,884 | 1,924 | 1,960 | 1,931 | 2,003 | 1,972 | 2,018 | 2% | 15% | |||||||||||||||||
| Client Assets | ||||||||||||||||||||||||||||||||
| (in billions of dollars) | ||||||||||||||||||||||||||||||||
| Beginning Client Assets | 2,145.0 | 2,177.2 | 2,217.1 | 2,249.4 | 2,217.4 | 2,294.3 | 2,308.0 | 2,312.9 | 2,354.2 | 2,401.9 | 2,382.7 | 2,448.3 | 2,403.7 | |||||||||||||||||||
| Net New Assets (1) | (19.8) | 11.7 | 9.9 | 11.9 | 10.9 | 11.4 | 0.3 | 10.9 | 11.5 | 15.9 | 8.5 | 10.3 | 7.9 | (23%) | 140% | |||||||||||||||||
| Net Market Gains (Losses) | 52.0 | 28.2 | 22.4 | (43.9) | 66.0 | 2.3 | 4.6 | 30.4 | 36.2 | (35.1) | 57.1 | (54.9) | 29.0 | |||||||||||||||||||
| Total Client Assets (at month end) | 2,177.2 | 2,217.1 | 2,249.4 | 2,217.4 | 2,294.3 | 2,308.0 | 2,312.9 | 2,354.2 | 2,401.9 | 2,382.7 | 2,448.3 | 2,403.7 | 2,440.6 | 2% | 12% | |||||||||||||||||
| Receiving Ongoing Advisory Services | ||||||||||||||||||||||||||||||||
| (at month end) | ||||||||||||||||||||||||||||||||
| Investor Services | 149.5 | 152.1 | 155.1 | 153.0 | 158.3 | 159.2 | 160.6 | 163.7 | 176.5 | 175.1 | 180.0 | 177.3 | 180.2 | 2% | 21% | |||||||||||||||||
| Advisor Services (2) | 915.1 | 932.2 | 946.3 | 934.1 | 966.4 | 973.5 | 977.4 | 995.3 | 1,014.9 | 1,007.2 | 1,035.3 | 1,015.3 | 1,032.4 | 2% | 13% | |||||||||||||||||
| Client Accounts | ||||||||||||||||||||||||||||||||
| (at month end, in thousands) | ||||||||||||||||||||||||||||||||
| Active Brokerage Accounts | 9,032 | 9,055 | 9,093 | 9,119 | 9,146 | 9,178 | 9,217 | 9,228 | 9,252 | 9,269 | 9,288 | 9,309 | 9,326 | - | 3% | |||||||||||||||||
| Banking Accounts | 930 | 922 | 916 | 923 | 928 | 933 | 938 | 944 | 950 | 956 | 964 | 970 | 974 | - | 5% | |||||||||||||||||
| Corporate Retirement Plan Participants | 1,294 | 1,301 | 1,305 | 1,325 | 1,327 | 1,338 | 1,344 | 1,346 | 1,344 | 1,381 | 1,383 | 1,405 | 1,416 | 1% | 9% | |||||||||||||||||
| Client Activity | ||||||||||||||||||||||||||||||||
| New Brokerage Accounts (in thousands) | 81 | 76 | 93 | 90 | 78 | 90 | 95 | 71 | 76 | 78 | 75 | 76 | 76 | - | (6%) | |||||||||||||||||
| Inbound Calls (in thousands) | 2,051 | 1,803 | 1,961 | 2,048 | 1,846 | 1,961 | 1,938 | 1,691 | 1,806 | 1,873 | 1,768 | 1,755 | 1,928 | 10% | (6%) | |||||||||||||||||
| Web Logins (in thousands) | 32,435 | 30,832 | 31,751 | 35,348 | 33,394 | 34,200 | 34,254 | 32,165 | 32,768 | 33,426 | 32,491 | 31,098 | 32,409 | 4% | - | |||||||||||||||||
| Cash as a Percentage of Client Assets (3) | 13.2% | 13.0% | 13.1% | 13.2% | 12.7% | 12.7% | 12.4% | 12.2% | 11.9% | 12.1% | 11.9% | 12.2% | 12.1% | (10) bp | (110) bp | |||||||||||||||||
| Mutual Fund and Exchange-traded Fund | ||||||||||||||||||||||||||||||||
| Net Buys (Sells) (4, 5, 6) | ||||||||||||||||||||||||||||||||
| (in millions of dollars) | ||||||||||||||||||||||||||||||||
| Large Capitalization Stock | 725 | 929 | 942 | 226 | (33) | 676 | 95 | 129 | 311 | 773 | 620 | 228 | 1,881 | |||||||||||||||||||
| Small / Mid Capitalization Stock | 1,022 | 227 | 400 | 373 | (381) | 680 | (430) | (564) | 220 | (355) | (639) | (127) | (307) | |||||||||||||||||||
| International | 2,746 | 1,535 | 1,403 | 1,782 | 891 | 1,028 | 1,665 | 1,240 | 2,137 | 817 | 524 | 166 | (20) | |||||||||||||||||||
| Specialized | 711 | 386 | (278) | 1,213 | 1,183 | 912 | 609 | 377 | 1,690 | 1,082 | 373 | (24) | 781 | |||||||||||||||||||
| Hybrid | 213 | 82 | 301 | 447 | 599 | 107 | 230 | 406 | 201 | 532 | 165 | - | (531) | |||||||||||||||||||
| Taxable Bond | 314 | 563 | (963) | 1,256 | 3,208 | 1,344 | 449 | 1,346 | 606 | 92 | 683 | (3,475) | 797 | |||||||||||||||||||
| Tax-Free Bond | (256) | (144) | (354) | 464 | 429 | 474 | 246 | 584 | 516 | 277 | 400 | 463 | 584 | |||||||||||||||||||
| Net Buy (Sell) Activity | ||||||||||||||||||||||||||||||||
| (in millions of dollars) | ||||||||||||||||||||||||||||||||
| Mutual Funds (5) | 2,842 | 1,407 | (480) | 4,838 | 3,658 | 3,611 | 1,312 | 2,236 | 3,313 | 1,804 | 612 | (4,022) | 358 | |||||||||||||||||||
| Exchange Traded Funds (6) | 2,633 | 2,171 | 1,930 | 923 | 2,237 | 1,612 | 1,553 | 1,284 | 2,368 | 1,414 | 1,514 | 1,253 | 2,827 | |||||||||||||||||||
| Money Market Funds | (1,431) | 616 | 3,429 | (986) | (318) | (135) | (4,141) | (561) | (1,664) | 1,493 | 1,248 | 2,224 | 477 | |||||||||||||||||||
| Average Interest-Earning Assets (7) | ||||||||||||||||||||||||||||||||
| (in millions of dollars) | 135,353 | 135,090 | 136,046 | 137,029 | 136,947 | 137,625 | 137,164 | 136,588 | 137,328 | 137,785 | 139,027 | 140,115 | 141,502 | 1% | 5% | |||||||||||||||||
| (1) | September 2014 includes an inflow of $7.8 billion and outflow of $3.4 billion from certain mutual fund clearing services clients. July 2014 includes an inflow of $2.4 billion from a certain mutual fund clearing services client. November and October 2013 include inflows of $2.5 billion and $2.9 billion, respectively, from certain mutual fund clearing services clients. October 2013 also includes an outflow of $30.2 billion relating to the planned transfer of a mutual fund clearing services client. | |
| (2) | Excludes Retirement Business Services Trust. | |
| (3) | Schwab One®, other cash equivalents, deposits from banking clients and money market fund balances as a percentage of total client assets. | |
| (4) | Beginning in March 2014, amounts include both mutual fund and exchange-traded fund (ETF) transactions. Prior period amounts have been recast to reflect this change. | |
| (5) | 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. | |
| (6) | Represents the principal value of client ETF transactions handled by Schwab, including transactions in proprietary ETFs. | |
| (7) | Represents total interest-earning assets on the Company's balance sheet. |
