Business highlights for the third quarter (data as of quarter-end unless otherwise noted):

Investor Services
  • Net new retail brokerage accounts for the quarter totaled approximately 16,000, up 14% year-over-year; total accounts reached 6.2 million as of September 30, 2013, up 2% year-over-year.
  • Delivered financial plans to approximately 26,000 clients, up 63% year-over-year. Approximately 74,000 clients have received a financial plan year-to-date.
  • Redesigned the Schwab Learning Center to offer new Trading Paths, which provide simple, efficient trading information and insights, and intuitive access to live and on-demand workshops, event schedules, and Trading Catalog articles covering a range of trading topics.

Products and Infrastructure
  • For Charles Schwab Bank:
    • Balance sheet assets = $97.9 billion, up 30% year-over-year.
    • Outstanding mortgage and home equity loans = $10.9 billion, up 17% year-over-year.
    • First mortgage originations through its loan program during the quarter = $1.2 billion.
    • Delinquency, nonaccrual, and loss reserve ratios for Schwab Bank’s loan portfolio = 0.51%, 0.38% and 0.43%, respectively, at month-end September.
    • Schwab Bank High Yield Investor Checking ® accounts = 733,000, with $11.6 billion in balances.
  • Client assets managed by Windhaven ® totaled $18.2 billion, up 46% from the third quarter of 2012.
  • Client assets managed by ThomasPartners ® totaled $3.3 billion.
  • Introduced six Schwab Fundamental Index* ETFs, expanding the company’s existing proprietary offering to 21 equity and fixed income ETFs.
  • Total assets under management in Schwab ETFs = $14.3 billion. Total assets in Schwab Managed Portfolios-ETFs = $2.8 billion.

*Schwab is a registered trademark of Charles Schwab & Co., Inc. Fundamental Index is a registered trademark of Research Affiliates LLC.

Supporting schedules are either attached or located at:

Forward Looking Statements

This press release contains forward-looking statements relating to growth in the company’s client base and stockholder value; introduction of the ETF 401(k) Plan solution; improved earnings, balance sheet growth and increased capital flexibility; growth in revenues, earnings and profits; gap between revenue and expense growth; pre-tax profit margin; and growth and increased operating leverage. Achievement of these expectations and objectives is subject to risks and uncertainties that could cause actual results to differ materially from the expressed expectations.

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