Schwab's Client Assets Climb 17.6% to $12.15 Trillion Despite NNA Drop
Charles Schwab's total client assets rose to $12.15 trillion in January, marking a 17.6% year-over-year and 2.1% sequential gain. Core net new assets declined 9.2% annually to $27.8 billion and plunged 64.9% from December 2025.
1. Total Client Asset Growth
Schwab’s total client assets reached $12.15 trillion in January, up 17.6% from January 2025 and 2.1% from December 2025, driven by heightened market volatility during the month.
2. Core Net New Assets Decline
Core net new assets fell to $27.8 billion, marking a 9.2% drop from January 2025 and a 64.9% sequential decline from December as investor inflows slowed.
3. Advisory and Interest-Earning Asset Performance
Assets under ongoing advisory services climbed to $6.16 trillion, up 18.6% year-over-year and 2.3% sequentially. Average interest-earning assets rose 2.4% annually to $441.7 billion and margin balances surged 40.3% from a year ago to $116.3 billion.
4. Account Openings and Balances
Schwab opened 476,000 new brokerage accounts in January, a 9.9% year-over-year increase, bringing active brokerage accounts to 38.7 million (up 5.5%). Client banking accounts rose 10.9% to 2.23 million and workplace plan participant accounts reached 5.79 million, up 6.3% from last January.