In an impressive display of growth, Charles Schwab (SCHW) has announced a record-breaking performance for May 2026, primarily driven by a substantial increase in core net new assets. The financial services giant reported a 43% year-over-year surge in these assets, reaching an unprecedented $49.9 billion for the month. This strong inflow of capital contributed to a significant expansion in total client assets, which climbed to $13.14 trillion, marking a 27% increase compared to the same period last year. The firm also saw a remarkable 37% rise in new brokerage accounts and an all-time high in daily average trades, underscoring its expanding market presence and client engagement.
On June 12, 2026, Charles Schwab publicly announced its stellar May performance. The core net new assets for the month soared to $49.9 billion, representing a 43% increase from May 2025 and setting a new monthly record for the firm. This influx boosted total client assets to an impressive $13.14 trillion by the end of May, a 27% leap from the previous year and a 4% increase from April 2026. The company also saw 461,000 new brokerage accounts opened, a 37% rise year-over-year, and client margin loan balances grew by 38% from the year-end to $154.6 billion, which included $37.4 billion from long/short strategies. Furthermore, daily average trades reached an all-time high of 11.8 million, indicating robust trading activity across its platforms.
Adding to its strategic initiatives, Charles Schwab Foundation, on June 10, 2026, revealed a multi-year expansion of its collaboration with the SIFMA Foundation. This partnership, backed by a $2.85 million investment, aims to enhance financial literacy nationwide by broadening access to investment education for students. Chris Wyse, Chief Corporate Affairs Officer and Chair of the Charles Schwab Foundation Board, emphasized that this initiative is designed to equip students with critical financial decision-making skills and help them differentiate between speculative and genuine investment practices.
Earlier in June, Charles Schwab also rolled out several enhancements across its digital platforms, including Schwab.com, Schwab Mobile, and the thinkorswim platform suite. These updates introduced 24/7 cryptocurrency futures trading capabilities on thinkorswim, alongside new features on Schwab.com such as expected price range information for marginable securities and expanded fundamental data on the Positions page. Mobile users also benefited from new dividend reinvestment settings and additional options for order status quote views, all aimed at improving the user experience and providing more comprehensive financial tools to clients.
These recent developments highlight Charles Schwab's commitment to both client growth and financial education. The firm's exceptional performance in May, coupled with its ongoing efforts to enhance its service offerings and promote financial literacy, positions it as a key player in the evolving financial landscape. The significant increase in assets and client engagement underscores a period of strong momentum for the company, reflecting its effective strategies and robust market presence in the financial services sector.