SCHW Charles Schwab Corporation

The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of April 2025 include:

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• Core net new assets brought to the company by new and existing clients totaled $2.7 billion. Consistent with prior years, these flows reflect the impact of client tax disbursements during the month.
• Total client assets equaled $9.89 trillion as of month-end April, up 12% from April 2024 and essentially flat compared to March 2025.
• New brokerage accounts opened during the month totaled 439,000, up 22% versus April 2024 and up 13% from March 2025.
• Investor engagement remained strong, with April daily average trades increasing 14% month-over-month to 8.36 million.
• Transactional sweep cash declined by $4.5 billion to end April at $403.3 billion, as client allocation decisions partially offset seasonal tax-related outflows.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 37.3 million active brokerage accounts, 5.5 million workplace plan participant accounts, 2.1 million banking accounts, and $9.89 trillion in client assets as of April 30, 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 April 2025  

2024

2025

Change Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr Mo. Yr. Market Indices (at month end) Dow Jones Industrial Average®

37,816

 

38,686

 

39,119

 

40,843

 

41,563

 

42,330

 

41,763

 

44,911

 

42,544

 

44,545

 

43,841

 

42,002

 

40,669

 

(3

%)

8

%

Nasdaq Composite®

15,658

 

16,735

 

17,733

 

17,599

 

17,714

 

18,189

 

18,095

 

19,218

 

19,311

 

19,627

 

18,847

 

17,299

 

17,446

 

1

%

11

%

Standard & Poor’s® 500

5,036

 

5,278

 

5,460

 

5,522

 

5,648

 

5,762

 

5,705

 

6,032

 

5,882

 

6,041

 

5,955

 

5,612

 

5,569

 

(1

%)

11

%

Client Assets (in billions of dollars) Beginning Client Assets

9,118.4

 

8,847.5

 

9,206.3

 

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

 

Net New Assets (1)

10.0

 

31.0

 

33.2

 

29.0

 

31.5

 

30.3

 

22.7

 

25.5

 

60.2

 

30.5

 

46.6

 

55.3

 

1.1

 

(98

%)

(89

%)

Net Market (Losses) Gains

(280.9

)

327.8

 

168.0

 

135.6

 

134.1

 

152.5

 

(91.2

)

427.9

 

(264.3

)

201.3

 

(99.5

)

(405.8

)

(38.6

)

Total Client Assets (at month end)

8,847.5

 

9,206.3

 

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

 

-

 

12

%

Core Net New Assets (1,2)

1.0

 

31.1

 

29.1

 

29.0

 

32.8

 

33.5

 

24.6

 

28.8

 

61.4

 

30.6

 

48.0

 

59.1

 

2.7

 

(95

%)

170

%

Receiving Ongoing Advisory Services (at month end) Investor Services

602.2

 

624.0

 

632.9

 

649.1

 

663.7

 

675.1

 

665.6

 

688.9

 

682.0

 

698.7

 

703.5

 

688.8

 

688.2

 

-

 

14

%

Advisor Services

3,893.9

 

4,027.3

 

4,090.0

 

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

 

-

 

12

%

Client Accounts (at month end, in thousands) Active Brokerage Accounts

35,426

 

35,524

 

35,612

 

35,743

 

35,859

 

35,982

 

36,073

 

36,222

 

36,456

 

36,709

 

36,861

 

37,011

 

37,254

 

1

%

5

%

Banking Accounts

1,901

 

1,916

 

1,931

 

1,937

 

1,940

 

1,954

 

1,967

 

1,980

 

1,998

 

2,019

 

2,033

 

2,050

 

2,066

 

1

%

9

%

Workplace Plan Participant Accounts (3)

5,282

 

5,345

 

5,363

 

5,382

 

5,373

 

5,388

 

5,407

 

5,393

 

5,399

 

5,450

 

5,464

 

5,495

 

5,518

 

-

 

4

%

Client Activity New Brokerage Accounts (in thousands)

361

 

314

 

310

 

327

 

324

 

321

 

331

 

357

 

431

 

433

 

362

 

388

 

439

 

13

%

22

%

Client Cash as a Percentage of Client Assets (4)

10.2

%

9.9

%

9.7

%

9.6

%

9.5

%

9.5

%

9.8

%

9.5

%

10.1

%

9.8

%

10.0

%

10.6

%

10.5

%

(10) bp 30 bp Derivative Trades as a Percentage of Total Trades

22.1

%

21.9

%

21.3

%

21.2

%

20.8

%

21.5

%

21.4

%

19.7

%

18.6

%

19.3

%

19.9

%

19.5

%

18.4

%

(110) bp (370) bp Selected Average Balances (in millions of dollars) Average Interest-Earning Assets (5)

423,532

 

415,950

 

417,150

 

417,379

 

420,191

 

420,203

 

422,327

 

425,789

 

431,177

 

431,523

 

424,805

 

425,228

 

430,884

 

1

%

2

%

Average Margin Balances

68,827

 

67,614

 

69,730

 

73,206

 

73,326

 

72,755

 

74,105

 

76,932

 

81,507

 

82,551

 

84,233

 

82,725

 

77,478

 

(6

%)

13

%

Average Bank Deposit Account Balances (6)

88,819

 

86,844

 

85,195

 

83,979

 

82,806

 

82,336

 

83,261

 

84,385

 

85,384

 

84,790

 

83,089

 

84,302

 

84,060

 

-

 

(5

%)

Mutual Funds and Exchange-Traded Funds Net Buys (Sells) (7,8) (in millions of dollars) Equities

3,472

 

5,734

 

3,379

 

10,908

 

5,609

 

5,217

 

7,176

 

13,226

 

14,805

 

10,050

 

4,987

 

(1,221

)

7,950

 

Hybrid

(703

)

(558

)

(843

)

(1,155

)

(1,377

)

(432

)

(1,397

)

(329

)

124

 

(1,324

)

(464

)

(603

)

(1,663

)

Bonds

5,949

 

5,854

 

6,346

 

8,651

 

10,919

 

11,015

 

10,442

 

7,473

 

10,969

 

8,747

 

12,162

 

11,438

 

(1,490

)

Net Buy (Sell) Activity (in millions of dollars) Mutual Funds (7)

(4,818

)

(5,544

)

(4,254

)

(4,679

)

(4,003

)

(1,261

)

(4,905

)

(4,492

)

(4,331

)

(6,785

)

(3,971

)

(8,537

)

(13,955

)

Exchange-Traded Funds (8)

13,536

 

16,574

 

13,136

 

23,083

 

19,154

 

17,061

 

21,126

 

24,862

 

30,229

 

24,258

 

20,656

 

18,151

 

18,752

 

Money Market Funds

(2,357

)

9,790

 

3,858

 

9,110

 

8,048

 

9,672

 

11,032

 

9,172

 

8,956

 

11,584

 

12,306

 

14,586

 

(6,158

)

 

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 an inflow of $10.3 billion from a mutual fund clearing services client in April and 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.

(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.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250514736209/en/

MEDIA: Mayura Hooper Charles Schwab Phone: 415-667-1525

INVESTORS/ANALYSTS: Jeff Edwards Charles Schwab Phone: 817-854-6177