Schwab Sets July Record With $46.9B in New Client Assets

Schwab Reports Monthly Activity Highlights

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08/14/2025 - 08:45 AM

WESTLAKE, Texas--(BUSINESS WIRE)-- The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of July 2025 include:

Core net new assets brought to the company increased 62% versus July 2024 to reach $46.9 billion 鈥� 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, ), 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 .

The Charles Schwab Corporation Monthly Activity Report For July 2025
																																				听
	2024		听	听		听	听		听	听		听	听		听	听		听	2025		听	听		听		听		听		听		听		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^庐	40,843	听		41,563	听		42,330	听		41,763	听		44,911	听		42,544	听		44,545	听		43,841	听	42,002	听	40,669	听	42,270	听	44,095	听	44,131	听	-	听	8	%
Nasdaq Composite^庐	17,599	听		17,714	听		18,189	听		18,095	听		19,218	听		19,311	听		19,627	听		18,847	听	17,299	听	17,446	听	19,114	听	20,370	听	21,122	听	4	%	20	%
Standard & Poor鈥檚^庐 500	5,522	听		5,648	听		5,762	听		5,705	听		6,032	听		5,882	听		6,041	听		5,955	听	5,612	听	5,569	听	5,912	听	6,205	听	6,339	听	2	%	15	%
Client Assets (in billions of dollars)
Beginning Client Assets	9,407.5	听		9,572.1	听		9,737.7	听		9,920.5	听		9,852.0	听		10,305.4	听		10,101.3	听		10,333.1	听	10,280.2	听	9,929.7	听	9,892.2	听	10,349.0	听	10,757.3	听
Net New Assets⁽¹⁾	29.0	听		31.5	听		30.3	听		22.7	听		25.5	听		60.2	听		30.5	听		46.6	听	55.3	听	1.1	听	33.6	听	38.9	听	45.7	听	17	%	58	%
Net Market Gains (Losses)	135.6	听		134.1	听		152.5	听		(91.2	)		427.9	听		(264.3	)		201.3	听		(99.5	)	(405.8	)	(38.6	)	423.2	听	369.4	听	160.5	听
Total Client Assets (at month end)	9,572.1	听		9,737.7	听		9,920.5	听		9,852.0	听		10,305.4	听		10,101.3	听		10,333.1	听		10,280.2	听	9,929.7	听	9,892.2	听	10,349.0	听	10,757.3	听	10,963.5	听	2	%	15	%
Core Net New Assets^(1,2)	29.0	听		32.8	听		33.5	听		24.6	听		28.8	听		61.4	听		30.6	听		48.0	听	59.1	听	2.7	听	35.0	听	42.6	听	46.9	听	10	%	62	%
Receiving Ongoing Advisory Services (at month end)
Investor Services	649.1	听		663.7	听		675.1	听		665.6	听		688.9	听		682.0	听		698.7	听		703.5	听	688.8	听	688.2	听	711.2	听	737.6	听	747.9	听	1	%	15	%
Advisor Services	4,185.4	听		4,268.1	听		4,343.8	听		4,303.3	听		4,489.2	听		4,379.7	听		4,496.6	听		4,493.2	听	4,372.3	听	4,353.0	听	4,525.6	听	4,687.4	听	4,765.1	听	2	%	14	%
Client Accounts (at month end, in thousands)
Active Brokerage Accounts	35,743	听		35,859	听		35,982	听		36,073	听		36,222	听		36,456	听		36,709	听		36,861	听	37,011	听	37,254	听	37,375	听	37,476	听	37,658	听	-	听	5	%
Banking Accounts	1,937	听		1,940	听		1,954	听		1,967	听		1,980	听		1,998	听		2,019	听		2,033	听	2,050	听	2,066	听	2,077	听	2,096	听	2,116	听	1	%	9	%
Workplace Plan Participant Accounts ⁽³⁾	5,382	听		5,373	听		5,388	听		5,407	听		5,393	听		5,399	听		5,450	听		5,464	听	5,495	听	5,518	听	5,563	听	5,586	听	5,619	听	1	%	4	%
Client Activity
New Brokerage Accounts (in thousands)	327	听		324	听		321	听		331	听		357	听		431	听		433	听		362	听	388	听	439	听	336	听	323	听	377	听	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	听		420,191	听		420,203	听		422,327	听		425,789	听		431,177	听		431,523	听		424,805	听	425,228	听	430,884	听	419,638	听	417,768	听	418,640	听	-	听	-	听
Average Margin Balances	73,206	听		73,326	听		72,755	听		74,105	听		76,932	听		81,507	听		82,551	听		84,233	听	82,725	听	77,478	听	79,132	听	82,339	听	85,492	听	4	%	17	%
Average Bank Deposit Account Balances ⁽⁶⁾	83,979	听		82,806	听		82,336	听		83,261	听		84,385	听		85,384	听		84,790	听		83,089	听	84,302	听	84,060	听	81,495	听	81,014	听	80,755	听	-	听	(4	%)
Mutual Funds and Exchange-Traded Funds
Net Buys (Sells) ^(7,8)(in millions of dollars)
Equities	10,908	听		5,609	听		5,217	听		7,176	听		13,226	听		14,805	听		10,050	听		4,987	听	(1,221	)	7,950	听	10,473	听	8,987	听	10,936	听
Hybrid	(1,155	)		(1,377	)		(432	)		(1,397	)		(329	)		124	听		(1,324	)		(464	)	(603	)	(1,663	)	(287	)	(1,038	)	(463	)
Bonds	8,651	听		10,919	听		11,015	听		10,442	听		7,473	听		10,969	听		8,747	听		12,162	听	11,438	听	(1,490	)	8,483	听	6,050	听	11,920	听
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	听		19,154	听		17,061	听		21,126	听		24,862	听		30,229	听		24,258	听		20,656	听	18,151	听	18,752	听	21,893	听	19,350	听	25,835	听
Money Market Funds	9,110	听		8,048	听		9,672	听		11,032	听		9,172	听		8,956	听		11,584	听		12,306	听	14,586	听	(6,158	)	5,794	听	5,814	听	2,452	听

听		Note: Certain supplemental details related to the information above can be found at: .
⁽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庐, 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鈥� 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.

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View source version on businesswire.com:

MEDIA:

Mayura Hooper

Charles Schwab

Phone: 415-667-1525

INVESTORS/ANALYSTS:

Jeff Edwards

Charles Schwab

Phone: 817-854-6177

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Source: The Charles Schwab Corporation

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