Charles Schwab reported strong growth in its Q1 2025 earnings call, highlighting $138 billion in core net new assets, a 44% year-over-year increase, and 1.2 million new client accounts opened. The firm emphasized its leadership in the fastest-growing segments of the financial services industry, including self-directed investors and registered investment advisors, and noted it holds the top position in total client assets among publicly reported peers. Schwab also announced expanded trading capabilities, allowing retail clients to trade stocks and hundreds of ETFs 24 hours a day, five days a week. April saw historic engagement levels, with the company recording its two highest trading days ever, including a single day with a record 14 million trades coinciding with the pause of tariffs. Meanwhile, Interactive Brokers added 870,000 new accounts over the past year, growing its total accounts fivefold compared to five years ago. Interactive Brokers was noted to have had a better-positioned balance sheet than Charles Schwab ahead of the 2022 rate hike.