Charles Schwab Corporation reported strong growth in its Q4 2024 earnings call, highlighting a 20% increase in net new assets for the year and a 51% rise for the quarter. The firm added $115 billion in core net new assets during the fourth quarter, contributing to a total of $367 billion for the year. Schwab's client base is expanding, with 33% of new retail households under the age of 30. The company successfully integrated over 17 million Ameritrade client accounts, bringing nearly $2 trillion in assets with lower-than-expected client attrition. Additionally, Schwab plans to hire hundreds of new financial consultants and expand its physical branch network. The brokerage also reported a 4% increase in revenue for the year and a 20% increase over the fourth quarter of 2023, with total new brokerage accounts up 10% from the previous year. Schwab's bank holds $244 billion in deposits, with competitive lending rates, and the firm is also making strides in the cryptocurrency space.