Charles Schwab 2012 Annual Report Download - page 25

GROWTH IN CLIENT ASSETS AND ACCOUNTS 23
(In Billions, at Year End, Except as Noted) 2008-12 2011-12 2012 2011 2010 2009 2008
Assets in client accounts
Schwab One®, other cash equivalents
and deposits from banking clients 28% 23% $ 119.0 $ 96.4 $ 81.1 $ 65.1 $ 44.4
Proprietary funds (Schwab Funds®
and Laudus Funds®):
Money market funds (5%) 5% 167.9 159.8 154.5 171.2 209.7
Equity and bond funds 10% 30% 49.6 38.2 46.0 41.6 33.9
Total proprietary funds (3%) 10% 217.5 198.0 200.5 212.8 243.6
Mutual Fund Marketplace®
(1):
Mutual Fund OneSource®
(2) 19% 12% 223.2 198.6 208.6 175.0 110.6
Mutual fund clearing services 31% 53% 159.1 104.2 42.1 81.8 54.2
Other third-party mutual funds 21% 18% 360.1 305.9 291.8 243.8 169.1
Total Mutual Fund Marketplace 22% 22% 742.4 608.7 542.5 500.6 333.9
Total mutual fund assets 14% 19% 959.9 806.7 743.0 713.4 577.5
Equity and other securities(1) 18% 16% 702.4 607.9 589.4 485.0 357.2
Fixed income securities 3% 3% 181.8 176.9 171.3 167.0 164.1
Margin loans outstanding 17% 13% (11.5) (10.2) (10.3) (7.9) (6.2)
Total client assets 14% 16% $ 1,951.6 $ 1,677.7 $ 1,574.5 $ 1,422.6 $ 1,137.0
Client assets by business
Investor Services 13% 11% $ 775.4 $ 697.9 $ 686.5 $ 583.2 $ 482.6
Advisor Services 13% 16% 788.5 679.0 654.9 590.4 477.2
Other Institutional Services 22% 29% 387.7 300.8 233.1 249.0 177.2
Total client assets
by business 14% 16% $ 1,951.6 $ 1,677.7 $ 1,574.5 $ 1,422.6 $ 1,137.0
Net growth in assets in client accounts
(for the year ended)
Net new assets
Investor Services (9%) (4%) $ 23.6 $ 24.6 $ 13.0 $ 15.3 $ 35.1
Advisor Services (2%) 26% 56.4 44.6 49.3 41.3 60.2
Other Institutional Services 35% (22%) 59.7 76.7 (35.7) 30.7 18.1
Total net new assets 5% (4%) $ 139.7 $ 145.9 $ 26.6 $ 87.3 $ 113.4
Net market gains (losses) N/M N/M 134.2 (42.7) 125.3 198.3 (421.9)
Net growth (decline) N/M 165% $ 273.9 $ 103.2 $ 151.9 $ 285.6 $ (308.5)
New brokerage accounts (4)
(in thousands, for the year ended) – (21%) 900 1,138 829 787 889
Clients (in thousands)
Active brokerage accounts(5) 4% 3% 8,787 8,552 7,998 7,701 7,401
Banking accounts (6) 23% 11% 865 780 690 567 377
Corporate retirement
plan participants 3% 5% 1,571 1,492 1,477 1,465 1,407
(1) Excludes all proprietary money market, equity, and bond funds.
(2) Certain client assets at December 31, 2009, have been reclassied from Mutual Fund OneSource® to other third-party mutual funds.
(3) Includes inows of approximately $900 million as a result of the acquisition of ThomasPartners, Inc. and $33.1 billion from mutual fund clearing services
clients in 2012. Includes outows of approximately $100 million as a result of the sale of Open E Cry, LLC, $900 million related to a planned transfer from
Corporate Brokerage Services, and $1.2 billion as a result of the closure of brokersXpress LLC in 2012. Includes inows of $56.1 from a mutual fund services
client, and $7.5 billion from the acquisition of optionsXpress Holdings, Inc. in 2011. Includes inows of $2.0 billion from the acquisition of Windhaven Investment
Management, Inc. and $1.2 billion from a mutual fund clearing services client, and outows of $51.5 billion related to the planned deconversion of a mutual fund
clearing services client in 2010.
(4) Includes 315,000 new brokerage accounts from the acquisition of optionsXpress Holdings, Inc. in 2011.
(5) Removed approximately 30,000 due to escheatment and other factors and reduced by 19,000 as a result of the sale of Open E Cry, LLC, and the closure
of brokersXpress LLC in 2012.
(6) Effective 2010, the number of banking accounts excludes credit cards. Prior period amounts have been recast to reect this change.
N/M — Not Meaningful
GROWTH RATES
ANNUAL
1-YEAR
COMPOUNDED
4-YEAR
(2)
(3)
GROWTH IN CLIENT ASSETS AND ACCOUNTS