Record Influx of Core New Assets
The firm saw $138 billion in core new assets, marking a 44% increase over the first quarter of last year.
Strong Financial Performance
Year-over-year revenue growth of 18% and a 41% year-over-year increase in adjusted earnings per share.
Impressive Growth in Client Engagement
Clients opened 1.2 million new accounts, an 8% increase over the prior year quarter, with daily average trades increasing by 24% to 7.4 million for the quarter.
Expansion of Wealth and Trading Solutions
Managed investing net flows increased 15% year-over-year, with nearly $500 billion in assets under management in holistic wealth solutions.
Continued Leadership in Brokerage Metrics
Schwab remains number one in total client assets, RIA custodial assets, and daily average trades among publicly reported peers.