SCHW News & Events

Charles Schwab released its monthly activity report. Company highlights for the month of January include: core net new assets brought to the company totaled $27.8B. Consistent with prior years, these flows reflect typical January seasonality. Total client assets equaled $12.15T as of month-end January, up 18% from January 2025 and up 2% compared to December 2025. New brokerage accounts opened during the month totaled 476,000, an increase of 10% versus January 2025. Driven by increased investor engagement in equities, January daily average trades accelerated to 9.5M. Additionally, margin loan balances rose 4% from year-end levels to finish the month at $116.3B. Transactional sweep cash decreased by $20.4B to end January at $433.3B. This month-over-month decrease reflects expected January seasonality.

Shares of wealth manager stocks sold off Tuesday after Altruist launched a new tax planning offering called Hazel, an AI platform. "The new capability helps advisors create fully personalized tax strategies for clients by reading and interpreting their 1040s, paystubs, account statements, meeting notes, emails, and custodial and CRM data, and applying deep tax logic to the analysis. All of this is done within minutes," Altruist, a wealth platform for independent advisors, said in a statement. Shares of Raymond James (RJF) closed down 9% to $158.48 while Charles Schwab (SCHW) dropped 7% to $99.25 and LPL Financial (LPLA) 8% to $360.58.