Schwab Reports Monthly Activity Highlights

Globe and Mail

4 days ago

The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of July 2025 include:
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250814275519/en/
Core net new assets brought to the company increased 62% versus July 2024 to reach $46.9 billion – a record for the month of July.
Total client assets equaled $10.96 trillion as of month-end July, up 15% from July 2024 and up 2% compared to June 2025.
New brokerage accounts opened during the month totaled 377,000 up 15% versus July 2024.
Investor engagement remained robust in July, with average client margin loan balances expanding 4% month-over-month and trading volumes exceeding 7 million daily average trades for the 7 th consecutive month.
Transactional sweep cash declined by $4.6 billion to end July at $407.5 billion, reflecting client net purchasing activity as well as typical seasonality related to advisory fee payments.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 37.7 million active brokerage accounts, 5.6 million workplace plan participant accounts, 2.1 million banking accounts, and $10.96 trillion in client assets as of July 31, 2025. 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, https://www.sipc.org), and its 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.
The Charles Schwab Corporation Monthly Activity Report For July 2025
2024
2025
Change
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Mo.
Yr.
Market Indices (at month end)
Dow Jones Industrial Average ®
40,843
41,563
42,330
41,763
44,911
42,544
44,545
43,841
42,002
40,669
42,270
44,095
44,131
-
8
%
Nasdaq Composite ®
17,599
17,714
18,189
18,095
19,218
19,311
19,627
18,847
17,299
17,446
19,114
20,370
21,122
4
%
20
%
Standard & Poor's ® 500
5,522
5,648
5,762
5,705
6,032
5,882
6,041
5,955
5,612
5,569
5,912
6,205
6,339
2
%
15
%
Client Assets (in billions of dollars)
Beginning Client Assets
9,407.5
9,572.1
9,737.7
9,920.5
9,852.0
10,305.4
10,101.3
10,333.1
10,280.2
9,929.7
9,892.2
10,349.0
10,757.3
Net New Assets (1)
29.0
31.5
30.3
22.7
25.5
60.2
30.5
46.6
55.3
1.1
33.6
38.9
45.7
17
%
58
%
Net Market Gains (Losses)
135.6
134.1
152.5
(91.2
)
427.9
(264.3
)
201.3
(99.5
)
(405.8
)
(38.6
)
423.2
369.4
160.5
Total Client Assets (at month end)
9,572.1
9,737.7
9,920.5
9,852.0
10,305.4
10,101.3
10,333.1
10,280.2
9,929.7
9,892.2
10,349.0
10,757.3
10,963.5
2
%
15
%
Core Net New Assets (1,2)
29.0
32.8
33.5
24.6
28.8
61.4
30.6
48.0
59.1
2.7
35.0
42.6
46.9
10
%
62
%
Receiving Ongoing Advisory Services (at month end)
Investor Services
649.1
663.7
675.1
665.6
688.9
682.0
698.7
703.5
688.8
688.2
711.2
737.6
747.9
1
%
15
%
Advisor Services
4,185.4
4,268.1
4,343.8
4,303.3
4,489.2
4,379.7
4,496.6
4,493.2
4,372.3
4,353.0
4,525.6
4,687.4
4,765.1
2
%
14
%
Client Accounts (at month end, in thousands)
Active Brokerage Accounts
35,743
35,859
35,982
36,073
36,222
36,456
36,709
36,861
37,011
37,254
37,375
37,476
37,658
-
5
%
Banking Accounts
1,937
1,940
1,954
1,967
1,980
1,998
2,019
2,033
2,050
2,066
2,077
2,096
2,116
1
%
9
%
Workplace Plan Participant Accounts (3)
5,382
5,373
5,388
5,407
5,393
5,399
5,450
5,464
5,495
5,518
5,563
5,586
5,619
1
%
4
%
Client Activity
New Brokerage Accounts (in thousands)
327
324
321
331
357
431
433
362
388
439
336
323
377
17
%
15
%
Client Cash as a Percentage of Client Assets (4)
9.6
%
9.5
%
9.5
%
9.8
%
9.5
%
10.1
%
9.8
%
10.0
%
10.6
%
10.5
%
10.1
%
9.9
%
9.7
%
(20) bp 10 bp
Derivative Trades as a Percentage of Total Trades
21.2
%
20.8
%
21.5
%
21.4
%
19.7
%
18.6
%
19.3
%
19.9
%
19.5
%
18.4
%
21.0
%
20.8
%
21.3
%
50 bp 10 bp
Selected Average Balances (in millions of dollars)
Average Interest-Earning Assets (5)
417,379
420,191
420,203
422,327
425,789
431,177
431,523
424,805
425,228
430,884
419,638
417,768
418,640
-
-
Average Margin Balances
73,206
73,326
72,755
74,105
76,932
81,507
82,551
84,233
82,725
77,478
79,132
82,339
85,492
4
%
17
%
Average Bank Deposit Account Balances (6)
83,979
82,806
82,336
83,261
84,385
85,384
84,790
83,089
84,302
84,060
81,495
81,014
80,755
-
(4
%)
Mutual Funds and Exchange-Traded Funds
Net Buys (Sells) (7,8) (in millions of dollars)
Equities
10,908
5,609
5,217
7,176
13,226
14,805
10,050
4,987
(1,221
)
7,950
10,473
8,987
10,936
Hybrid
(1,155
)
(1,377
)
(432
)
(1,397
)
(329
)
124
(1,324
)
(464
)
(603
)
(1,663
)
(287
)
(1,038
)
(463
)
Bonds
8,651
10,919
11,015
10,442
7,473
10,969
8,747
12,162
11,438
(1,490
)
8,483
6,050
11,920
Net Buy (Sell) Activity (in millions of dollars)
Mutual Funds (7)
(4,679
)
(4,003
)
(1,261
)
(4,905
)
(4,492
)
(4,331
)
(6,785
)
(3,971
)
(8,537
)
(13,955
)
(3,224
)
(5,351
)
(3,442
)
Exchange-Traded Funds (8)
23,083
19,154
17,061
21,126
24,862
30,229
24,258
20,656
18,151
18,752
21,893
19,350
25,835
Note: Certain supplemental details related to the information above can be found at: https://www.aboutschwab.com/financial-reports.
(1)
Unless otherwise noted, differences between net new assets and core net new assets are net flows from off-platform Schwab Bank Retail CDs. 2024 also includes outflows from a large international relationship of $0.1 billion in August, $0.3 billion in October, and $0.6 billion in November.
(2)
Net new assets before significant one-time inflows or outflows, such as acquisitions/divestitures or extraordinary flows (generally greater than $25 billion beginning in 2025; $10 billion in prior periods) relating to a specific client, and activity from off-platform Schwab Bank Retail CDs. These flows may span multiple reporting periods.
(3)
Includes accounts in Retirement Plan Services, Stock Plan Services, Designated Brokerage Services, and Retirement Business Services; Participants may be enrolled in services in more than one Workplace business.
(4)
Schwab One®, certain cash equivalents, bank deposits, third-party bank deposit accounts, and money market fund balances as a percentage of total client assets; client cash excludes brokered CDs issued by Charles Schwab Bank.
(5)
Represents average total interest-earning assets on the Company's balance sheet.
(6)
Represents average clients' uninvested cash sweep account balances held in deposit accounts at third-party financial institutions.