Charles Schwab reports April core net new assets $7.2B

Core net new assets brought to the company in April totaled $7.2 billion. Consistent with prior years, these flows reflect the impact of client tax disbursements during the month. Total client assets equaled $12.61 trillion as of month-end April, up 27% from April 2025 and up 7% compared to March 2026. New brokerage accounts opened during the month totaled 437,000, flat compared to April 2025. Daily average trades reached a record 10.3 million, driven by sustained engagement in equities and exchange traded fund products. Additionally, record client margin loan balances were up 21% from year-end to $136.0 billion of which $29.6 billion was related to long/short strategies. Average interest-earning assets on the company’s balance sheet were $444.6 billion in April, up 3% from April 2025 and up 2% compared to March 2026.