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The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of October 2025 include:
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- Core net new assets brought to the company increased 80% versus October 2024 to reach $44.4 billion – a record for the month of October.
- Total client assets equaled $11.83 trillion as of month-end October, up 20% from October 2024 and up 2% compared to September 2025.
- New brokerage accounts opened during the month totaled 429,000, up 30% versus October 2024.
- Investor engagement accelerated in October, with average margin loan balances rising 7% versus September 2025 and daily average trades reaching 8.6 million.
- Transactional sweep cash increased by $3.2 billion to end October at $428.8 billion, reflecting typical seasonality, net asset gathering, and client engagement with the markets.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 38.1 million active brokerage accounts, 5.7 million workplace plan participant accounts, 2.2 million banking accounts, and $11.83 trillion in client assets as of October 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 October 2025 | ||||||||||||||||||||||||||||||
| 2024 | 2025 | Change | ||||||||||||||||||||||||||||
| Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Mo. | Yr. | ||||||||||||||||
| Market Indices (at month end) | ||||||||||||||||||||||||||||||
| Dow Jones Industrial Average ® | 41,763 |
| 44,911 |
| 42,544 |
| 44,545 |
| 43,841 |
| 42,002 |
| 40,669 |
| 42,270 |
| 44,095 |
| 44,131 |
| 45,545 |
| 46,398 |
| 47,563 |
| 3% | 14% | ||
| Nasdaq Composite ® | 18,095 |
| 19,218 |
| 19,311 |
| 19,627 |
| 18,847 |
| 17,299 |
| 17,446 |
| 19,114 |
| 20,370 |
| 21,122 |
| 21,456 |
| 22,660 |
| 23,725 |
| 5% | 31% | ||
| Standard & Poor's ® 500 | 5,705 |
| 6,032 |
| 5,882 |
| 6,041 |
| 5,955 |
| 5,612 |
| 5,569 |
| 5,912 |
| 6,205 |
| 6,339 |
| 6,460 |
| 6,688 |
| 6,840 |
| 2% | 20% | ||
| Client Assets (in billions of dollars) |
|
| ||||||||||||||||||||||||||||
| Beginning Client Assets | 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 |
| 11,228.1 |
| 11,593.9 |
|
|
| ||
| Net New Assets (1) | 22.7 |
| 25.5 |
| 60.2 |
| 30.5 |
| 46.6 |
| 55.3 |
| 1.1 |
| 33.6 |
| 38.9 |
| 45.7 |
| 43.3 |
| 45.4 |
| 41.6 |
| (8%) | 83% | ||
| Net Market (Losses) Gains | (91.2 | ) | 427.9 |
| (264.3 | ) | 201.3 |
| (99.5 | ) | (405.8 | ) | (38.6 | ) | 423.2 |
| 369.4 |
| 160.5 |
| 221.3 |
| 320.4 |
| 192.5 |
|
|
| ||
| Total Client Assets (at month end) | 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 |
| 11,228.1 |
| 11,593.9 |
| 11,828.0 |
| 2% | 20% | ||
| Core Net New Assets (1,2) | 24.6 |
| 28.8 |
| 61.4 |
| 30.6 |
| 48.0 |
| 59.1 |
| 2.7 |
| 35.0 |
| 42.6 |
| 46.9 |
| 44.4 |
| 46.2 |
| 44.4 |
| (4%) | 80% | ||
| Receiving Ongoing Advisory Services (at month end) |
|
| ||||||||||||||||||||||||||||
| Investor Services | 665.6 |
| 688.9 |
| 682.0 |
| 698.7 |
| 703.5 |
| 688.8 |
| 688.2 |
| 711.2 |
| 737.6 |
| 747.9 |
| 771.1 |
| 792.5 |
| 807.6 |
| 2% | 21% | ||
| Advisor Services | 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 |
| 4,888.2 |
| 5,016.7 |
| 5,106.1 |
| 2% | 19% | ||
| Client Accounts (at month end, in thousands) |
|
| ||||||||||||||||||||||||||||
| Active Brokerage Accounts | 36,073 |
| 36,222 |
| 36,456 |
| 36,709 |
| 36,861 |
| 37,011 |
| 37,254 |
| 37,375 |
| 37,476 |
| 37,658 |
| 37,798 |
| 37,963 |
| 38,145 |
| - | 6% | ||
| Banking Accounts | 1,967 |
| 1,980 |
| 1,998 |
| 2,019 |
| 2,033 |
| 2,050 |
| 2,066 |
| 2,077 |
| 2,096 |
| 2,116 |
| 2,137 |
| 2,150 |
| 2,172 |
| 1% | 10% | ||
| Workplace Plan Participant Accounts (3) | 5,407 |
| 5,393 |
| 5,399 |
| 5,450 |
| 5,464 |
| 5,495 |
| 5,518 |
| 5,563 |
| 5,586 |
| 5,619 |
| 5,606 |
| 5,619 |
| 5,696 |
| 1% | 5% | ||
| Client Activity |
|
| ||||||||||||||||||||||||||||
| New Brokerage Accounts (in thousands) | 331 |
| 357 |
| 431 |
| 433 |
| 362 |
| 388 |
| 439 |
| 336 |
| 323 |
| 377 |
| 382 |
| 384 |
| 429 |
| 12% | 30% | ||
| Client Cash as a Percentage of Client Assets (4) | 9.8 | % | 9.5 | % | 10.1 | % | 9.8 | % | 10.0 | % | 10.6 | % | 10.5 | % | 10.1 | % | 9.9 | % | 9.7 | % | 9.5 | % | 9.4 | % | 9.3 | % | (10) bp | (50) bp | ||
| Derivative Trades as a Percentage of Total Trades | 21.4 | % | 19.7 | % | 18.6 | % | 19.3 | % | 19.9 | % | 19.5 | % | 18.4 | % | 21.0 | % | 20.8 | % | 21.3 | % | 22.5 | % | 22.3 | % | 23.8 | % | 150 bp | 240 bp | ||
| Selected Average Balances (in millions of dollars) |
|
| ||||||||||||||||||||||||||||
| Average Interest-Earning Assets (5) | 422,327 |
| 425,789 |
| 431,177 |
| 431,523 |
| 424,805 |
| 425,228 |
| 430,884 |
| 419,638 |
| 417,768 |
| 418,640 |
| 417,194 |
| 423,629 |
| 433,631 |
| 2% | 3% | ||
| Average Margin Balances | 74,105 |
| 76,932 |
| 81,507 |
| 82,551 |
| 84,233 |
| 82,725 |
| 77,478 |
| 79,132 |
| 82,339 |
| 85,492 |
| 90,399 |
| 94,609 |
| 101,192 |
| 7% | 37% | ||
| Average Bank Deposit Account Balances (6) | 83,261 |
| 84,385 |
| 85,384 |
| 84,790 |
| 83,089 |
| 84,302 |
| 84,060 |
| 81,495 |
| 81,014 |
| 80,755 |
| 79,781 |
| 79,308 |
| 76,203 |
| (4%) | (8%) | ||
| Mutual Funds and Exchange-Traded Funds |
|
| ||||||||||||||||||||||||||||
| Net Buys (Sells) (7,8) (in millions of dollars) |
|
| ||||||||||||||||||||||||||||
| Equities | 7,176 |
| 13,226 |
| 14,805 |
| 10,050 |
| 4,987 |
| (1,221 | ) | 7,950 |
| 10,473 |
| 8,987 |
| 10,936 |
| 8,402 |
| 8,832 |
| 6,895 |
|
|
| ||
| Hybrid | (1,397 | ) | (329 | ) | 124 |
| (1,324 | ) | (464 | ) | (603 | ) | (1,663 | ) | (287 | ) | (1,038 | ) | (463 | ) | (604 | ) | (452 | ) | (1,278 | ) |
|
| ||
| Bonds | 10,442 |
| 7,473 |
| 10,969 |
| 8,747 |
| 12,162 |
| 11,438 |
| (1,490 | ) | 8,483 |
| 6,050 |
| 11,920 |
| 12,993 |
| 12,502 |
| 16,206 |
|
|
| ||
| Net Buy (Sell) Activity (in millions of dollars) |
|
| ||||||||||||||||||||||||||||
| Mutual Funds (7) | (4,905 | ) | (4,492 | ) | (4,331 | ) | (6,785 | ) | (3,971 | ) | (8,537 | ) | (13,955 | ) | (3,224 | ) | (5,351 | ) | (3,442 | ) | (2,217 | ) | (4,754 | ) | (6,289 | ) |
|
| ||
| Exchange-Traded Funds (8) | 21,126 |
| 24,862 |
| 30,229 |
| 24,258 |
| 20,656 |
| 18,151 |
| 18,752 |
| 21,893 |
| 19,350 |
| 25,835 |
| 23,008 |
| 25,636 |
| 28,112 |
|
|
| ||
| Money Market Funds | 11,032 |
| 9,172 |
| 8,956 |
| 11,584 |
| 12,306 |
| 14,586 |
| (6,158 | ) | 5,794 |
| 5,814 |
| 2,452 |
| 4,319 |
| (517 | ) | 6,333 |
|
|
| ||
| 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 $0.3 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/20251114356599/en/
MEDIA:
Mayura Hooper
Charles Schwab
Phone: 415-667-1525
INVESTORS/ANALYSTS:
Jeff Edwards
Charles Schwab
Phone: 817-854-6177
