Charles Schwab reports January core net new assets $30.6B

Charles Schwab (SCHW) released its monthly activity report. Company highlights for the month of January 2025 include core net new assets brought to the company by new and existing clients totaled $30.6B, a year-over-year increase of more than 75%. Total client assets equaled $10.33T as of month-end January, up 21% from January 2024 and up 2% compared to December 2024. New brokerage accounts opened during the month totaled 433,000, an increase of 18% versus January 2024. Driven by sustained market engagement, January daily average trades increased by 7% month-over-month to 7.37M. Transactional sweep cash declined by $19B month-over-month to end January at $399.6B. This reflects typical seasonality to begin a new year, as clients historically redeploy most of their prior year-end cash build-up back into the market. Bank supplemental funding balances were reduced by another $3.7B to finish January at $46.2B outstanding.