Schwab's Total Client Assets Rise Y/Y in May, Stock Down 1.3%

Key Takeaways Schwab's total client assets rose 12.4% y/y in May to $10.35T, with advisory assets reaching $5.24T. Core net new assets jumped to $35B in May from $2.7B in April. The metric increased 12.5% y/y. 336K new brokerage accounts opened in May, up 7% y/y but down 23.5% from the prior month.Shares of Charles Schwab (SCHW) declined 1.3% following the release of its monthly activity report for May 2025. The company’s total client assets were $10.35 trillion, up 12.4% from May 2024 and 4.6% from April ...