Charles Schwab reported core net new assets of $66.5 billion for October 2026, a record for the month. Client assets and margin loan balances also rose, while sweep cash declined.
Charles Schwab Corporation reported core net new assets of $66.5 billion for October 2026, a 50% increase from October 2025 and a record for the month. The figure comes from the company's monthly activity report, according to its press release.
Client assets and accounts grow
Total client assets reached $13.27 trillion at the end of October, up 12% from a year earlier. Schwab opened 409,000 new brokerage accounts during the month, the eighth consecutive month of at least 400,000 new account openings.
As of October 31, 2026, the company had 40.4 million active brokerage accounts, 5.9 million workplace plan participant accounts and 2.5 million banking accounts. Assets receiving ongoing advisory services totaled $953.9 billion in Investor Services and $5.89 trillion in Advisor Services.
Trading activity and cash balances
Daily average trades totaled 10.6 million in October, driven by activity in equities and exchange-traded fund products. Client margin loan balances reached $196.7 billion, up 75% from year-end.
Clients were net buyers of exchange-traded funds, with net buy activity of $37.0 billion. Mutual funds, by contrast, saw net sell activity of $18.0 billion.
Transactional sweep cash balances declined by $7.0 billion to $485.8 billion at month-end. The decline reflected client net purchasing activity and advisory fee payments, partially offset by asset gathering and growth in short credits related to long/short strategies.
Source: Investing.com
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