On September 15, Charles Schwab’s core net new assets came in at $44.4 billion for August 2025, a 35% jump from the prior year. Charles Schwab (SCHW) Adds $44.4 Billion in Core Net New Assets in AugustJonathan Weiss/Shutterstock.comThe firm opened 382,000 brokerage accounts in August, up 18% from last year, as total active accounts expanded to 37.8 million, a 5% year-over-year increase. At the close of August, transactional sweep cash stood at $406.7 billion, down $0.8 billion, driven by a decline in client net buying. While we acknowledge the potential of SCHW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.