Core Insights - Charles Schwab (SCHW) reported a total client asset increase to $11.83 trillion, marking a 14.8% year-over-year growth and a slight sequential increase, attributed to strong investor engagement [1][8] - The company recorded core net new assets of $40.4 billion in November 2025, which is a 40.3% increase from the same month last year but a 9% decline sequentially [2][8] - Active brokerage accounts reached 38.3 million, up 5.6% year-over-year, while client banking accounts increased to 2.19 million, reflecting a 10.6% growth from November 2024 [4][8] Performance Metrics - Average interest-earning assets rose to $436.3 billion, a 2.5% increase from November 2024, while average margin balances increased by 41.5% year-over-year to $108.9 billion [3][8] - New brokerage accounts opened in November totaled 365,000, representing a 2.2% increase year-over-year but a 14.9% decrease sequentially [3][4] - Average bank deposit account balances decreased to $73.8 billion, down 12.5% from the prior year [3] Competitive Landscape - In comparison, Interactive Brokers Group, Inc. (IBKR) reported a 29% increase in total client Daily Average Revenue Trades (DARTs) year-over-year, although it saw a 4% decline from October 2025 [9][10] - Robinhood Markets, Inc. (HOOD) reported a significant year-over-year increase in total Platform Assets to $324.5 billion, up 66.8%, despite a 5.3% decline from the previous month [10]