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AnalysisMovesrecruiting-scoreboard

Recruiting scoreboard: Charles Schwab leads August asset growth among public wealth firms

Month-end client assets, net new assets, advisor counts and recruited assets for Charles Schwab, Raymond James and Stifel, from each firm's own SEC filings.

At a glance

  1. Month-end figures for August 2026 cover Charles Schwab, Raymond James and Stifel.
  2. Charles Schwab reported total client assets of $13.41 trillion at Aug. 31, 2026, up 2.8% from a month earlier and up 19.4% from a year earlier, with net new assets of $64.7 billion in August, according to its filing with the SEC.
  3. Raymond James spent $117 million on recruiting and retention-related compensation in the quarter, up from $97 million a year earlier.

The recruiting scoreboard tracks the wealth firms that publish their asset and advisor figures. Month-end figures for August 2026 cover Charles Schwab, Raymond James and Stifel.

Recruiting scoreboard, August 2026
FirmPeriodClient assetsvs. prior monthvs. year earlierNet new assetsAdvisorsRecruited assets
Charles SchwabAugust 2026$13.41 trillion+2.8%+19.4%$64.7 billion——
Raymond JamesAugust 2026$1.97 trillion+2.0%+16.5%———
StifelAugust 2026$587.6 billion+1.6%+10.3%———

Charles Schwab reported total client assets of $13.41 trillion at Aug. 31, 2026, up 2.8% from a month earlier and up 19.4% from a year earlier, with net new assets of $64.7 billion in August, according to its filing with the SEC.

Raymond James reported client assets under administration of $1.97 trillion at Aug. 31, 2026, up 2.0% from a month earlier and up 16.5% from a year earlier, according to its filing with the SEC.

Stifel reported total client assets of $587.6 billion at Aug. 31, 2026, up 1.6% from a month earlier and up 10.3% from a year earlier, according to its filing with the SEC.

Raymond James spent $117 million on recruiting and retention-related compensation in the quarter, up from $97 million a year earlier. It reported net new assets of $21.7 billion for the quarter, according to its results for the quarter ended June 30, 2026, filed with the SEC.

Sources: Form 8-K exhibits filed with the SEC by Raymond James (Sept. 24, 2025), Stifel (Sept. 25, 2025), Charles Schwab (July 21, 2026), Raymond James (July 22, 2026), Raymond James (Aug. 19, 2026), Stifel (Aug. 27, 2026), Raymond James (Sept. 23, 2026), Stifel (Sept. 24, 2026) and Charles Schwab (Oct. 15, 2026). Net new assets are as each firm defines them; LPL's are organic.

Reported by the Moves desk. Published . Corrections

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