Schwab Reports Monthly Activity Highlights
SAN FRANCISCO--(BUSINESS WIRE)--Dec 14, 2018--The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of November 2018 include:
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181214005048/en/Core net new assets brought to the company by new and existing clients in November 2018 totaled $15.6 billion. Net new assets excluding mutual fund clearing totaled $15.0 billion. Total client assets were $3.43 trillion as of month-end November, up 3% from November 2017 and up 1% compared to October 2018. Average interest-earning assets on the company’s balance sheet were a record $265.6 billion in November, up 19% from November 2017 and up 1% compared to October 2018.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 350 offices and 11.5 million active brokerage accounts, 1.6 million corporate retirement plan participants, 1.3 million banking accounts, and $3.43 trillion in client assets as of November 30, 2018. 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, 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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181214005048/en/
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: The Charles Schwab Corporation
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PUB: 12/14/2018 08:45 AM/DISC: 12/14/2018 08:45 AM