Second Quarter Core Net New Assets Equal $80.3 Billion, Up 31% Year-Over-Year

New Accounts Exceed 1 Million and Total Client Assets Reach a Record $10.76 Trillion

Record Quarterly GAAP Earnings Per Share of $1.08, $1.14 Adjusted ⁽¹⁾

WESTLAKE, Texas–(BUSINESS WIRE)–The Charles Schwab Corporation reported net income for the second quarter totaling $2.1 billion, or $1.08 earnings per share. Excluding $128 million of pre-tax transaction-related costs, adjusted ⁽¹⁾ net income and earnings per share equaled $2.2 billion and $1.14, respectively.

Client Driven Growth	31% 2Q25 Core NNA Growth vs. 2Q24	“Retail investors and RIAs continued to turn to Schwab as a trusted partner, opening over 1 million new brokerage accounts and gathering $80.3 billion in core net new assets – up 31% versus 2Q24.” President & CEO Rick Wurster

Diversified Revenue Growth	25% 2Q25 Revenue Growth vs. 2Q24	“Schwab delivered growth on all fronts during the second quarter. The firm’s diversified revenue model, coupled with our best-in-class scale and efficiency, produced quarterly records for both revenue and earnings per share.” President & CEO Rick Wurster

Balance Sheet Management	$10.4B 2Q25 Reduction in Bank Supplemental Funding ⁽²⁾	“Client transactional sweep cash finished June at $412.1 billion, enabling us to further reduce higher cost bank funding by $10.4 billion to $27.7 billion at quarter-end.” CFO Mike Verdeschi

Opportunistic Capital Return	$2.8B of Excess Capital Returned	“During the second quarter, we continued to enhance stockholder value by returning excess capital through multiple forms – including redeeming approximately $2.5 billion in preferred equity and repurchasing just over $350 million of common stock.” CFO Mike Verdeschi

2Q25 Client and Business Highlights

Total client assets increased 14% year-over-year to a record $10.76 trillion
Core net new assets of $80.3 billion brings year-to-date asset gathering to $218.0 billion – up 39% year-over-year
New brokerage account openings increased 11% year-over-year to 1.1 million for the quarter, helping active brokerage accounts and total client accounts reach 37.5 million and 45.2 million, respectively
Managed Investing Solutions net inflows grew 37% versus 2Q24
Margin balances ended the quarter at $83.4 billion – essentially flat quarter-over-quarter – as investors selectively increased leverage while equity markets rebounded following the disruption in early April
Daily average trading volume remained robust at 7.6 million – up 38% versus 2Q24
Charles Schwab recognized as Best Investing Platform Overall by U.S. News ⁽³⁾
Charles Schwab Bank ranked #1 in J.D. Power’s U.S. Direct Banking Satisfaction Study for the 7^th consecutive year ⁽⁴⁾

	Three Months Ended June 30,						%		Six Months Ended June 30,						%
Financial Highlights	2025			2024			Change		2025			2024			Change

Net revenues (in millions)	$	5,851		$	4,690		25	%	$	11,450		$	9,430		21	%
Net income (in millions)
GAAP	$	2,126		$	1,332		60	%	$	4,035		$	2,694		50	%
Adjusted	$	2,222		$	1,465		52	%	$	4,230		$	2,934		44	%
Diluted earnings per common share
GAAP	$	1.08		$	.66		64	%	$	2.07		$	1.34		54	%
Adjusted	$	1.14		$	.73		56	%	$	2.17		$	1.47		48	%
Pre-tax profit margin
GAAP		47.9	%		37.2	%				45.9	%		37.6	%
Adjusted		50.1	%		41.0	%				48.2	%		40.9	%
Return on average common stockholders’ equity (annualized)		19	%		14	%				18	%		15	%
Return on tangible common equity (annualized)		35	%		34	%				34	%		36	%

Note:

Items labeled “adjusted” are non-GAAP financial measures; further details are included on pages 10-12 of this release. All per-share results are rounded to the nearest cent, based on weighted-average diluted common shares outstanding.

2Q25 Financial Commentary

Quarterly net revenues grew year-over-year by 25% to a record $5.9 billion
Net interest margin expanded sequentially by 12 basis points to 2.65% due primarily to the further reduction of higher cost liabilities and a rebound in securities lending activity
Client transactional sweep cash balances ended at $412.1 billion, a sequential build of $4.3 billion, reflecting tax seasonality as well as client net equity selling during the period
Bank Supplemental Funding ⁽²⁾ declined $10.4 billion during the quarter to $27.7 billion at June month-end
Asset management and administration fees increased by 14% year-over-year to $1.6 billion, powered by organic growth, rebounding equity markets, and sustained product utilization
Trading revenue increased 23% versus 2Q24 due to robust volumes
GAAP expenses for the quarter increased 4% year-over-year; excluding second quarter amortization of acquired intangibles of $128 million, adjusted total expenses ⁽¹⁾ were up 5% relative to 2Q24
Capital ratios across the firm remained strong – including preliminary consolidated Tier 1 Leverage and adjusted Tier 1 Leverage ⁽¹⁾ equaling 9.8% and 7.2%, respectively
Redeemed $2.5 billion Series G Preferred Stock
Repurchased 3.9 million shares of our common stock for $351 million during the quarter

⁽¹⁾		Further details on non-GAAP financial measures and a reconciliation of such measures to GAAP reported results are included on pages 10-12 of this release.
⁽²⁾		Bank Supplemental Funding includes repurchase agreements at the banks, Schwab Bank Certificates of Deposit (CDs), and Federal Home Loan Bank balances.
⁽³⁾		U.S. News & World Report’s Best Investing Platforms award was given on April 23, 2025. The criteria, evaluation, and ranking were determined by U.S. News & World Report. See https://money.usnews.com/investing/best-brokers/methodology for more information. Schwab paid a licensing fee to U.S. News & World Report for use of the award and logos.
⁽⁴⁾		Charles Schwab Bank received the highest score in the checking segment of the J.D. Power 2019–2025 U.S. Direct Banking Satisfaction Studies, which measures overall satisfaction with direct branchless banks. Visit https://jdpower.com/awards for more details. The J.D. Power 2025 U.S. Direct Banking Satisfaction Study is independently conducted, and the participating firms do not pay to participate. Use of study results in promotional materials is subject to a license fee.

Summer Business Update

The company will host its Summer Business Update for institutional investors this morning from 7:30 a.m. – 8:30 a.m. CT, 8:30 a.m. – 9:30 a.m. ET.

Registration for this Update webcast is accessible at https://www.aboutschwab.com/schwabevents.

Forward-Looking Statements

This press release contains forward-looking statements relating to the company’s revenue model, scale and efficiency, and capital ratios. These forward-looking statements reflect management’s expectations as of the date hereof. Achievement of these expectations and objectives is subject to risks and uncertainties that could cause actual results to differ materially from the expressed expectations. Important factors that may cause such differences are described in the company’s most recent reports on Form 10-K and Form 10-Q, which have been filed with the Securities and Exchange Commission and are available on the company’s website (https://www.aboutschwab.com/financial-reports) and on the Securities and Exchange Commission’s website (https://www.sec.gov). The company makes no commitment to update any forward-looking statements.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 37.5 million active brokerage accounts, 5.6 million workplace plan participant accounts, 2.1 million banking accounts, and $10.76 trillion in client assets. 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 Consolidated Statements of Income (In millions, except per share amounts) (Unaudited)

	Three Months Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
Net Revenues
Interest revenue	$	3,787		$	3,817		$	7,544		$	7,758
Interest expense		(965	)		(1,659	)		(2,016	)		(3,367	)
Net interest revenue		2,822			2,158			5,528			4,391
Asset management and administration fees		1,570			1,383			3,100			2,731
Trading revenue		952			777			1,860			1,594
Bank deposit account fees		247			153			492			336
Other		260			219			470			378
Total net revenues		5,851			4,690			11,450			9,430
Expenses Excluding Interest
Compensation and benefits		1,536			1,450			3,208			2,988
Professional services		291			259			560			500
Occupancy and equipment		270			248			544			513
Advertising and market development		108			107			204			195
Communications		176			172			329			313
Depreciation and amortization		215			233			432			461
Amortization of acquired intangible assets		128			129			258			259
Regulatory fees and assessments		77			96			166			221
Other		247			249			491			435
Total expenses excluding interest		3,048			2,943			6,192			5,885
Income before taxes on income		2,803			1,747			5,258			3,545
Taxes on income		677			415			1,223			851
Net Income		2,126			1,332			4,035			2,694
Preferred stock dividends and other		149			121			262			232
Net Income Available to Common Stockholders	$	1,977		$	1,211		$	3,773		$	2,462
Weighted-Average Common Shares Outstanding:
Basic		1,817			1,828			1,819			1,827
Diluted		1,822			1,834			1,825			1,832
Earnings Per Common Shares Outstanding:
Basic	$	1.09		$	.66		$	2.07		$	1.35
Diluted	$	1.08		$	.66		$	2.07		$	1.34

THE CHARLES SCHWAB CORPORATION
Financial and Operating Highlights
(Unaudited)
	Q2-25 % change				2025						2024
	vs.		vs.		Second			First			Fourth			Third			Second
(In millions, except per share amounts and as noted)	Q2-24		Q1-25		Quarter			Quarter			Quarter			Quarter			Quarter
Net Revenues
Net interest revenue	31	%	4	%	$	2,822		$	2,706		$	2,531		$	2,222		$	2,158
Asset management and administration fees	14	%	3	%		1,570			1,530			1,509			1,476			1,383
Trading revenue	23	%	5	%		952			908			873			797			777
Bank deposit account fees	61	%	1	%		247			245			241			152			153
Other	19	%	24	%		260			210			175			200			219
Total net revenues	25	%	5	%		5,851			5,599			5,329			4,847			4,690
Expenses Excluding Interest
Compensation and benefits	6	%	(8	)%		1,536			1,672			1,533			1,522			1,450
Professional services	12	%	8	%		291			269			297			256			259
Occupancy and equipment	9	%	(1	)%		270			274			276			271			248
Advertising and market development	1	%	13	%		108			96			101			101			107
Communications	2	%	15	%		176			153			131			147			172
Depreciation and amortization	(8	)%	(1	)%		215			217			224			231			233
Amortization of acquired intangible assets	(1	)%	(2	)%		128			130			130			130			129
Regulatory fees and assessments	(20	)%	(13	)%		77			89			89			88			96
Other	(1	)%	1	%		247			244			243			259			249
Total expenses excluding interest	4	%	(3	)%		3,048			3,144			3,024			3,005			2,943
Income before taxes on income	60	%	14	%		2,803			2,455			2,305			1,842			1,747
Taxes on income	63	%	24	%		677			546			465			434			415
Net Income	60	%	11	%		2,126			1,909			1,840			1,408			1,332
Preferred stock dividends and other	23	%	32	%		149			113			123			109			121
Net Income Available to Common Stockholders	63	%	10	%	$	1,977		$	1,796		$	1,717		$	1,299		$	1,211
Earnings per common share:
Basic	65	%	10	%	$	1.09		$	.99		$	.94		$	.71		$	.66
Diluted	64	%	9	%	$	1.08		$	.99		$	.94		$	.71		$	.66
Dividends declared per common share	8	%	—		$	.27		$	.27		$	.25		$	.25		$	.25
Weighted-average common shares outstanding:
Basic	(1	)%	—			1,817			1,817			1,831			1,829			1,828
Diluted	(1	)%	—			1,822			1,822			1,836			1,834			1,834
Performance Measures
Pre-tax profit margin						47.9	%		43.8	%		43.3	%		38.0	%		37.2	%
Return on average common stockholders’ equity (annualized) ⁽¹⁾						19	%		18	%		18	%		14	%		14	%
Financial Condition (at quarter end, in billions)
Cash and cash equivalents	27	%	(8	)%	$	32.2		$	35.0		$	42.1		$	34.9		$	25.4
Cash and investments segregated	110	%	19	%		45.6			38.4			38.2			33.7			21.7
Receivables from brokers, dealers, and clearing organizations	34	%	48	%		4.3			2.9			2.4			3.4			3.2
Receivables from brokerage clients — net	14	%	(2	)%		82.8			84.4			85.4			74.0			72.8
Available for sale securities	(28	)%	(10	)%		67.6			74.8			83.0			90.0			93.6
Held to maturity securities	(9	)%	(3	)%		139.7			143.8			146.5			149.9			153.2
Bank loans — net	19	%	7	%		50.4			47.1			45.2			43.3			42.2
Total assets	2	%	(1	)%		458.9			462.9			479.8			466.1			449.7
Bank deposits	(8	)%	(5	)%		233.1			246.2			259.1			246.5			252.4
Payables to brokers, dealers, and clearing organizations⁽²⁾	N/M		18	%		18.6			15.7			13.3			16.4			5.9
Payables to brokerage clients	37	%	9	%		109.4			100.6			101.6			89.2			80.0
Accrued expenses and other liabilities⁽²⁾	2	%	(2	)%		10.8			11.0			12.3			11.2			10.6
Other short-term borrowings	(15	)%	23	%		8.5			6.9			6.0			10.6			10.0
Federal Home Loan Bank borrowings	(63	)%	(22	)%		9.0			11.5			16.7			22.6			24.4
Long-term debt	(10	)%	(6	)%		20.2			21.5			22.4			22.4			22.4
Total liabilities	1	%	(1	)%		409.5			413.4			431.5			418.8			405.7
Stockholders’ equity	13	%	—			49.5			49.5			48.4			47.2			44.0
Total liabilities and stockholders’ equity	2	%	(1	)%		458.9			462.9			479.8			466.1			449.7
Other
Full-time equivalent employees (at quarter end, in thousands)	1	%	2	%		32.6			32.1			32.1			32.1			32.3
Capital expenditures — purchases of equipment, office facilities, and property, net (in millions)	48	%	(13	)%	$	136		$	156		$	258		$	135		$	92
Expenses excluding interest as a percentage of average client assets (annualized)						0.12	%		0.12	%		0.12	%		0.12	%		0.13	%
Clients’ Daily Average Trades (DATs) (in thousands)	38	%	2	%		7,571			7,391			6,312			5,697			5,486
Number of Trading Days	(2	)%	3	%		62.0			60.0			63.0			63.5			63.0
Revenue Per Trade ⁽³⁾	(10	)%	(1	)%	$	2.03		$	2.05		$	2.20		$	2.20		$	2.25

⁽¹⁾		Return on average common stockholders’ equity is calculated using net income available to common stockholders divided by average common stockholders’ equity.
⁽²⁾		Beginning in the fourth quarter of 2024, payables to brokers, dealers, and clearing organizations are presented separately from accrued expenses and other liabilities. Prior period amounts have been reclassified to reflect this change. Payables to brokers, dealers, and clearing organizations include securities loaned.
⁽³⁾		Revenue per trade is calculated as trading revenue divided by the product of DATs multiplied by the number of trading days.
N/M Not meaningful. Percentage changes greater than 200% are presented as not meaningful.

THE CHARLES SCHWAB CORPORATION Net Interest Revenue Information (In millions, except ratios or as noted) (Unaudited)

	Three Months Ended June 30,												Six Months Ended June 30,
	2025						2024						2025						2024
	Average Balance		Interest Revenue/ Expense		Average Yield/ Rate		Average Balance		Interest Revenue/ Expense		Average Yield/ Rate		Average Balance		Interest Revenue/ Expense		Average Yield/ Rate		Average Balance		Interest Revenue/ Expense		Average Yield/ Rate
Interest-earning assets
Cash and cash equivalents	$	28,000	$	305	4.30	%	$	28,839	$	382	5.24	%	$	29,236	$	633	4.30	%	$	31,394	$	836	5.26	%
Cash and investments segregated		47,574		506	4.20	%		21,493		281	5.17	%		43,117		918	4.23	%		25,503		669	5.19	%
Receivables from brokerage clients		79,616		1,332	6.62	%		68,715		1,351	7.78	%		81,367		2,714	6.63	%		66,259		2,611	7.80	%
Available for sale securities ⁽¹⁾		77,750		405	2.08	%		104,045		555	2.13	%		81,151		838	2.06	%		107,956		1,149	2.12	%
Held to maturity securities ⁽¹⁾		141,098		602	1.70	%		154,314		658	1.70	%		142,740		1,224	1.71	%		155,862		1,348	1.73	%
Bank loans		48,691		518	4.27	%		41,562		460	4.44	%		47,374		1,011	4.29	%		41,046		900	4.40	%
Total interest-earning assets		422,729		3,668	3.45	%		418,968		3,687	3.50	%		424,985		7,338	3.44	%		428,020		7,513	3.49	%
Securities lending revenue				96						95						156						171
Other interest revenue				23						35						50						74
Total interest-earning assets	$	422,729	$	3,787	3.56	%	$	418,968	$	3,817	3.62	%	$	424,985	$	7,544	3.54	%	$	428,020	$	7,758	3.60	%
Funding sources
Bank deposits	$	237,645	$	326	0.55	%	$	258,119	$	840	1.31	%	$	241,660	$	762	0.64	%	$	266,243	$	1,761	1.33	%
Payables to brokers, dealers, and clearing organizations ⁽²⁾		16,657		167	3.97	%		5,642		57	3.98	%		15,424		304	3.93	%		5,577		112	3.97	%
Payables to brokerage clients		92,425		69	0.30	%		67,680		77	0.45	%		91,305		120	0.27	%		68,011		150	0.44	%
Other short-term borrowings		7,644		87	4.55	%		9,268		129	5.59	%		7,172		169	4.74	%		8,327		232	5.60	%
Federal Home Loan Bank borrowings		9,753		110	4.48	%		25,582		348	5.42	%		10,236		243	4.72	%		25,220		678	5.35	%
Long-term debt		20,624		206	3.94	%		22,460		208	3.70	%		21,448		418	3.87	%		23,730		432	3.64	%
Total interest-bearing liabilities ⁽²⁾		384,748		965	1.00	%		388,751		1,659	1.71	%		387,245		2,016	1.04	%		397,108		3,365	1.70	%
Non-interest-bearing funding sources ⁽²⁾		37,981						30,217						37,740						30,912
Other interest expense				—						—						—						2
Total funding sources	$	422,729	$	965	0.91	%	$	418,968	$	1,659	1.59	%	$	424,985	$	2,016	0.95	%	$	428,020	$	3,367	1.57	%
Net interest revenue			$	2,822	2.65	%			$	2,158	2.03	%			$	5,528	2.59	%			$	4,391	2.03	%

⁽¹⁾		Amounts have been calculated based on amortized cost.
⁽²⁾		Beginning in the fourth quarter of 2024, payables to brokers, dealers, and clearing organizations is presented separately from non-interest-bearing funding sources and included in total interest-bearing liabilities. This line item includes securities loaned and related interest expense. Prior period amounts have been reclassified to reflect this change.

THE CHARLES SCHWAB CORPORATION Asset Management and Administration Fees Information (In millions, except ratios or as noted) (Unaudited)

	Three Months Ended June 30,												Six Months Ended June 30,
	2025						2024						2025						2024
	Average Client Assets		Revenue		Average Fee		Average Client Assets		Revenue		Average Fee		Average Client Assets		Revenue		Average Fee		Average Client Assets		Revenue		Average Fee
Schwab money market funds	$	644,811	$	442	0.27	%	$	523,665	$	357	0.27	%	$	633,143	$	860	0.27	%	$	511,776	$	693	0.27	%
Schwab equity and bond funds, exchange-traded funds (ETFs), and collective trust funds (CTFs)		661,793		122	0.07	%		565,848		112	0.08	%		660,191		244	0.07	%		552,755		219	0.08	%
Mutual Fund OneSource^® and other no- transaction-fee funds		350,487		218	0.25	%		338,198		214	0.25	%		355,092		440	0.25	%		326,387		423	0.26	%
Other third-party mutual funds and ETFs		603,509		102	0.07	%		600,902		102	0.07	%		613,576		205	0.07	%		603,263		208	0.07	%
Total mutual funds, ETFs, and CTFs ⁽¹⁾	$	2,260,600	$	884	0.16	%	$	2,028,613	$	785	0.16	%	$	2,262,002	$	1,749	0.16	%	$	1,994,181	$	1,543	0.16	%
Managed investing solutions ⁽¹⁾
Fee-based	$	595,203	$	589	0.40	%	$	525,689	$	510	0.39	%	$	592,843	$	1,158	0.39	%	$	515,911	$	1,013	0.39	%
Non-fee-based		120,726		—	—			110,234		—	—			120,584		—	—			108,133		—	—
Total managed investing solutions	$	715,929	$	589	0.33	%	$	635,923	$	510	0.32	%	$	713,427	$	1,158	0.33	%	$	624,044	$	1,013	0.33	%
Other balance-based fees ⁽²⁾		846,552		75	0.04	%		763,750		69	0.04	%		844,053		152	0.04	%		741,599		138	0.04	%
Other ⁽³⁾				22						19						41						37
Total asset management and administration fees			$	1,570					$	1,383					$	3,100					$	2,731

⁽¹⁾		Managed investing solutions includes managed portfolios, specialized strategies, and customized investment advice such as Schwab Wealth Advisory^TM, Schwab Managed Portfolios^TM, Managed Account Select^®, Schwab Advisor Network^®, Windhaven Strategies^®, ThomasPartners^® Strategies, Wasmer Schroeder^TM Strategies, Schwab Index Advantage advised retirement plan balances, Schwab Intelligent Portfolios^®, Institutional Intelligent Portfolios^®, Schwab Intelligent Portfolios Premium^®, AdvisorDirect^®, Essential Portfolios, Selective Portfolios, and Personalized Portfolios; as well as legacy non-fee managed investing solutions including Schwab Advisor Source and certain retirement plan balances. Average client assets for managed investing solutions may also include the asset balances contained in the mutual fund and/or ETF categories listed above. For the total end of period view, please see the Monthly Activity Report.
⁽²⁾		Includes various asset-related fees, such as trust fees, 401(k) recordkeeping fees, and mutual fund clearing fees and other service fees.
⁽³⁾		Includes miscellaneous service and transaction fees relating to mutual funds and ETFs that are not balance-based.

THE CHARLES SCHWAB CORPORATION Growth in Client Assets and Accounts (Unaudited)

	Q2-25 % Change				2025						2024
	vs.		vs.		Second			First			Fourth			Third			Second
(In billions, at quarter end, except as noted)	Q2-24		Q1-25		Quarter			Quarter			Quarter			Quarter			Quarter
Assets in client accounts
Schwab One^®, certain cash equivalents, and bank deposits	4	%	(1	)%	$	342.7		$	345.2		$	358.8		$	334.1		$	330.7
Bank deposit account balances	(3	)%	(2	)%		82.1			83.7			87.5			84.0			84.5
Proprietary mutual funds (Schwab Funds^® and Laudus Funds^®) and CTFs
Money market funds ⁽¹⁾	22	%	2	%		653.5			641.5			596.5			562.1			533.6
Equity and bond funds and CTFs ⁽²⁾	16	%	10	%		249.7			227.0			232.2			228.9			214.4
Total proprietary mutual funds and CTFs	21	%	4	%		903.2			868.5			828.7			791.0			748.0
Mutual Fund Marketplace^{® (3)}
Mutual Fund OneSource^® and other no-transaction-fee funds	32	%	33	%		453.9			340.3			347.8			358.0			344.8
Mutual fund clearing services	13	%	6	%		298.3			280.6			280.7			280.8			264.7
Other third-party mutual funds	(1	)%	(2	)%		1,168.5			1,195.4			1,211.1			1,236.5			1,177.5
Total Mutual Fund Marketplace	7	%	6	%		1,920.7			1,816.3			1,839.6			1,875.3			1,787.0
Total mutual fund assets	11	%	5	%		2,823.9			2,684.8			2,668.3			2,666.3			2,535.0
Exchange-traded funds
Proprietary ETFs ⁽²⁾	26	%	10	%		439.7			398.2			395.0			385.9			349.6
Other third-party ETFs	25	%	11	%		2,175.6			1,960.1			1,940.6			1,888.2			1,738.6
Total ETF assets	25	%	11	%		2,615.3			2,358.3			2,335.6			2,274.1			2,088.2
Equity and other securities	15	%	11	%		4,188.7			3,765.5			3,972.6			3,839.6			3,648.8
Fixed income securities	(1	)%	2	%		788.0			775.8			762.3			795.4			792.0
Margin loans outstanding	16	%	—			(83.4	)		(83.6	)		(83.8	)		(73.0	)		(71.7	)
Total client assets	14	%	8	%	$	10,757.3		$	9,929.7		$	10,101.3		$	9,920.5		$	9,407.5
Client assets by business ⁽⁴⁾
Investor Services ⁽⁵⁾	14	%	9	%	$	6,069.9		$	5,557.4		$	5,721.6		$	5,576.7		$	5,317.5
Advisor Services ⁽⁶⁾	15	%	7	%		4,687.4			4,372.3			4,379.7			4,343.8			4,090.0
Total client assets	14	%	8	%	$	10,757.3		$	9,929.7		$	10,101.3		$	9,920.5		$	9,407.5
Net growth in assets in client accounts (for the quarter ended)
Net new assets by business ⁽⁴⁾
Investor Services ⁽⁵⁾	(22	)%	(55	)%	$	31.2		$	69.5		$	46.2		$	37.2		$	40.1
Advisor Services ⁽⁶⁾	24	%	(33	)%		42.4			62.9			62.2			53.6			34.1
Total net new assets	(1	)%	(44	)%	$	73.6		$	132.4		$	108.4		$	90.8		$	74.2
Net market gains (losses)						754.0			(304.0	)		72.4			422.2			214.9
Net growth (decline)					$	827.6		$	(171.6	)	$	180.8		$	513.0		$	289.1
New brokerage accounts (in thousands, for the quarter ended)	11	%	(7	)%		1,098			1,183			1,119			972			985
Client accounts (in thousands)
Active brokerage accounts	5	%	1	%		37,476			37,011			36,456			35,982			35,612
Banking accounts	9	%	2	%		2,096			2,050			1,998			1,954			1,931
Workplace Plan Participant Accounts ⁽⁷⁾	4	%	2	%		5,586			5,495			5,399			5,388			5,363

Contacts

Contact Information

MEDIA

Mayura Hooper, 415-667-1525

[email protected]

INVESTORS/ANALYSTS

Jeff Edwards, 817-854-6177

[email protected]

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