Charles Schwab October Core Net New Assets Up 50% To $66.5B; Total Client Assets Equaled $13.27 Trillion As Of Month-End October

The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of October 2026 include:

• Core net new assets brought to the company increased 50% versus October 2025 to reach $66.5 billion – a record for the month of October.
• Total client assets equaled $13.27 trillion as of month-end October, up 12% from October 2025 and relatively flat compared to September 2026.
• New brokerage accounts opened during the month totaled 409,000, representing the eighth consecutive month of at least 400,000 new account opens.
• October daily average trades remained strong at 10.6 million, driven primarily by robust engagement in equities and exchange traded fund products. Additionally, record client margin loan balances were up 75% from year-end to $196.7 billion.
• Transactional sweep cash balances declined by $7.0 billion to end October at $485.8 billion, reflecting elevated client net purchasing activity and typical seasonality related to advisory fee payments, partially offset by strong net asset gathering and growth in short credits related to certain long/short strategies.