Schwab Total Client Assets Rise Y/Y in October on Higher NNAs

Core Insights - Charles Schwab (SCHW) reported total client assets of $11.83 trillion in October 2025, reflecting a 20.1% increase year-over-year and a 2% increase sequentially, driven by market volatility [1][9] - The company's core net new assets (NNA) reached $44.4 billion in October 2025, showing significant growth from the previous year but a 3.9% decline sequentially [2][9] Client Assets and Accounts - Client assets under ongoing advisory services amounted to $5.91 trillion, up 19% from the previous year and 1.8% from the prior month [1] - Schwab opened 429,000 new brokerage accounts in October 2025, marking a 29.6% increase year-over-year and an 11.7% increase sequentially [3][9] - Active brokerage accounts totaled 38.1 million at the end of October 2025, up 5.7% year-over-year and slightly from September 2025 [4] - Client banking accounts reached 2.17 million, up 10.4% from October 2024 and 1% sequentially [4] - Workplace plan participant accounts increased by 5.3% year-over-year to 5.7 million [4] Financial Metrics - Average interest-earning assets were $433.6 billion, a 2.7% increase from October 2024 and a 2.4% increase from the previous month [3] - Average margin balances rose to $101.2 billion, up 36.6% year-over-year and 7% from September 2025 [3] - Average bank deposit account balances totaled $76.2 billion, down 8.5% year-over-year and 3.9% sequentially [3] Market Performance - Over the past six months, Schwab shares have increased by 5.8%, while the industry has grown by 18.1% [5]