SAN FRANCISCO--(BUSINESS WIRE)--Mar 14, 2019--The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of February 2019 include:

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  • Core net new assets brought to the company by new and existing clients in February 2019 totaled $18.3 billion. Net new assets excluding mutual fund clearing totaled $17.2 billion.
  • Total client assets were $3.53 trillion as of month-end February, up 6% from February 2018 and up 2% compared to January 2019.
  • Active brokerage accounts were 11.7 million as of month-end February, up 7% from February 2018 and up 1% from January 2019.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 355 offices and 11.7 million active brokerage accounts, 1.7 million corporate retirement plan participants, 1.3 million banking accounts, and $3.53 trillion in client assets as of February 28, 2019. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, money 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 February 2019
                
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Market Indices (at month end)
Dow Jones Industrial Average25,02924,10324,16324,41624,27125,41525,96526,45825,11625,53823,32725,00025,9164%4%
Nasdaq Composite7,2737,0637,0667,4427,5107,6728,1108,0467,3067,3316,6357,2827,5333%4%
Standard & Poor’s 5002,7142,6412,6482,7052,7182,8162,9022,9142,7122,7602,5072,7042,7843%3%
Client Assets (in billions of dollars)
Beginning Client Assets3,480.53,328.83,305.43,312.13,378.13,397.03,477.93,555.93,563.73,388.13,431.93,252.23,447.7
Net New Assets (1)(50.5)20.20.419.424.116.320.816.414.915.624.815.118.321%136%
Net Market Gains (Losses)(101.2) (43.6) 6.3 46.6 (5.2) 64.6 57.2 (8.6) (190.5) 28.2 (204.5) 180.4 67.0
Total Client Assets (at month end)3,328.8 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 3,533.02%6%
Core Net New Assets(2)21.325.69.919.424.116.320.816.414.915.624.815.118.321%(14%)
Receiving Ongoing Advisory Services (at month end)
Investor Services273.0273.2274.7279.1280.0287.0292.0292.7280.3284.7272.4286.9294.23%8%
Advisor Services (3)1,449.51,444.41,451.61,478.01,488.71,525.51,555.31,559.21,485.81,510.11,436.11,514.21,551.62%7%
Client Accounts (at month end, in thousands)
Active Brokerage Accounts (4)10,93611,00511,08111,14511,20211,24311,31011,42311,47911,52911,59311,65311,7121%7%
Banking Accounts1,2181,2211,2301,2401,2501,2621,2741,2831,2891,2971,3021,3121,313-8%
Corporate Retirement Plan Participants1,5801,5941,5991,5991,5991,6111,6211,6271,6341,6391,6551,6791,685-7%
Client Activity
New Brokerage Accounts (in thousands)138140141122121118132119133115132131115(12%)(17%)
Inbound Calls (in thousands)2,0052,1452,0341,8521,8141,8491,9641,7151,9761,6811,8391,9241,742(9%)(13%)
Web Logins (in thousands)60,83058,90655,98056,23456,49157,13762,79753,92359,26154,65453,92064,56360,121(7%)(1%)
Client Cash as a Percentage of Client Assets (5)10.9%11.0%10.9%10.6%10.7%10.5%10.4%10.3%11.1%11.2%12.8%11.7%11.5%(20) bp60 bp
Mutual Fund and Exchange-Traded Fund
Net Buys (Sells)(6, 7) (in millions of dollars)
Large Capitalization Stock715(158)4109539814869183113083317171,3431,109
Small / Mid Capitalization Stock(167)1303597531,195768(186)151(1,344)(456)(1,414)1,329638
International2,6851,546809372(498)(529)186(88)(109)(418)(2,163)2,2121,086
Specialized187326122(19)383520(245)73(914)(397)(2,105)124609
Hybrid(88)529(541)(241)(288)(548)(678)(324)(1,313)(1,248)(2,985)(321)(309)
Taxable Bond1552,1171,6611,0029288799651,371(351)(836)(4,342)3,9562,871
Tax-Free Bond211247(113)449588306559262(591)(407)(409)1,1841,111
Net Buy (Sell) Activity (in millions of dollars)
Mutual Funds (6)(417)1,976(36)(88)555(522)(1,936)(1,538)(5,734)(7,955)(21,372)6,7402,312
Exchange-Traded Funds (7)4,1152,7612,7433,3572,7342,4043,4553,2941,4204,5248,6713,0874,803
Money Market Funds(4,292)(9,100)(4,156)(2,245)(4,919)(4,801)704(1,933)2,5468,51513,5484,944(1,577)
Average Interest-Earning Assets(8)
(in millions of dollars)239,922241,049239,833242,584249,432254,211259,137261,741264,156265,648274,913277,068270,718(2%)13%
  
(1)April, March, and February 2018 include outflows of $9.5 billion, $5.4 billion, and $71.8 billion, respectively, 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)Schwab One ®, certain cash equivalents, bank deposits and money market fund balances as a percentage of total client assets.
(6)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.
(7)Represents the principal value of client ETF transactions handled by Schwab, including transactions in proprietary ETFs.
(8)Represents average total interest-earning assets on the company's balance sheet.

CONTACT: MEDIA:

Mayura Hooper

Charles Schwab

Phone: 415-667-1525INVESTORS/ANALYSTS:

Rich Fowler

Charles Schwab

Phone: 415-667-1841

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: The Charles Schwab Corporation

Copyright Business Wire 2019.

PUB: 03/14/2019 08:45 AM/DISC: 03/14/2019 08:45 AM

Copyright Business Wire 2019.

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