Schwab Reports Monthly Activity Highlights

The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of January 2015 include:

  • Net new assets brought to the company by new and existing clients in January 2015 totaled $9.3 billion.
  • Total client assets were $2.45 trillion as of month-end January, up 10% from January 2014 and down 1% compared to December 2014.
  • Average interest-earning assets on the company’s balance sheet were a record $147.5 billion as of month-end January, up 8% from January 2014 and up 2% compared to December 2014.

About Charles Schwab

The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with more than 325 offices and 9.4 million active brokerage accounts, 1.4 million corporate retirement plan participants, 978,000 banking accounts, and $2.45 trillion in client assets as of January 31, 2015. Through its operating subsidiaries, the company provides a full range of wealth management, 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, 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 January 2015
20142015

Change

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Yr.

Market Indices
(at month end)
Dow Jones Industrial Average 15,699 16,322 16,458 16,581 16,717 16,827 16,563 17,098 17,043 17,391 17,828 17,823 17,165 (4%) 9%
Nasdaq Composite 4,104 4,308 4,199 4,115 4,243 4,408 4,370 4,580 4,493 4,631 4,792 4,736 4,635 (2%) 13%
Standard & Poor’s 500 1,783 1,859 1,872 1,884 1,924 1,960 1,931 2,003 1,972 2,018 2,068 2,059 1,995 (3%) 12%
Client Assets
(in billions of dollars)
Beginning Client Assets 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 2,478.8 2,463.6
Net New Assets (1) 11.9 10.9 11.4 0.3 10.9 11.5 15.9 8.5 10.3 7.9 10.9 14.4 9.3 (35%) (22%)
Net Market Gains (Losses) (43.9) 66.0 2.3 4.6 30.4 36.2 (35.1) 57.1 (54.9) 29.0 27.3 (29.6) (27.9)
Total Client Assets (at month end) 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 2,478.8 2,463.6 2,445.0 (1%) 10%
Receiving Ongoing Advisory Services
(at month end)
Investor Services 153.0 158.3 159.2 160.6 163.7 176.5 175.1 180.0 177.3 180.2 183.3 182.5 181.5 (1%) 19%
Advisor Services (2) 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 1,049.0 1,045.6 1,038.4 (1%) 11%
Client Accounts
(at month end, in thousands)
Active Brokerage Accounts 9,119 9,146 9,178 9,217 9,228 9,252 9,269 9,288 9,309 9,326 9,346 9,386 9,407 - 3%
Banking Accounts 923 928 933 938 944 950 956 964 970 974 979 985 978 (1%) 6%
Corporate Retirement Plan Participants 1,325 1,327 1,338 1,344 1,346 1,344 1,381 1,383 1,405 1,416 1,416 1,428 1,441 1% 9%
Client Activity
New Brokerage Accounts (in thousands) 90 78 90 95 71 76 78 75 76 76 70 97 84 (13%) (7%)
Inbound Calls (in thousands) 2,048 1,846 1,961 1,938 1,691 1,806 1,873 1,768 1,755 1,928 1,656 1,980 1,872 (5%) (9%)
Web Logins (in thousands) 35,348 33,394 34,200 34,254 32,165 32,768 33,426 32,491 31,098 32,409 31,528 34,580 34,294 (1%) (3%)
Cash as a Percentage of Client Assets (3) 13.2% 12.7% 12.7% 12.4% 12.2% 11.9% 12.1% 11.9% 12.2% 12.1% 11.9% 12.3% 12.3% - (90) bp
Mutual Fund and Exchange-Traded Fund
Net Buys (Sells) (4, 5, 6)
(in millions of dollars)
Large Capitalization Stock 226 (33) 676 95 129 311 773 620 228 1,881 1,538 1,347 1,084
Small / Mid Capitalization Stock 373 (381) 680 (430) (564) 220 (355) (639) (127) (307) 91 (346) 488
International 1,782 891 1,028 1,665 1,240 2,137 817 524 166 (20) 794 177 1,630
Specialized 1,213 1,183 912 609 377 1,690 1,082 373 (24) 781 503 566 1,452
Hybrid 447 599 107 230 406 201 532 165 - (531) (363) (687) 180
Taxable Bond 1,256 3,208 1,344 449 1,346 606 92 683 (3,475) 797 577 (1,914) 1,298
Tax-Free Bond 464 429 474 246 584 516 277 400 463 584 479 603 598
Net Buy (Sell) Activity
(in millions of dollars)
Mutual Funds (5) 4,838 3,658 3,611 1,312 2,236 3,313 1,804 612 (4,022) 358 254 (4,381) 3,174
Exchange-Traded Funds (6) 923 2,237 1,612 1,553 1,284 2,368 1,414 1,514 1,253 2,827 3,365 4,127 3,556
Money Market Funds (986) (318) (135) (4,141) (561) (1,664) 1,493 1,248 2,224 477 (1,643) 4,294 (2,080)
Average Interest-Earning Assets (7)
(in millions of dollars) 137,029 136,947 137,625 137,164 136,588 137,328 137,785 139,027 140,115 141,502 141,884 144,695 147,495 2% 8%
(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 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.

Contacts:

MEDIA:
Charles Schwab
Greg Gable, 415-667-0473
or
INVESTORS/ANALYSTS:
Charles Schwab
Rich Fowler, 415-667-1841

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