The firm cited “regulatory uncertainty” for its decision to to pause stock buybacks.
Investors will be looking for signs of Schwab's longer-term prognosis when it reports earnings on Monday.
Schwab is among financial firms being swept up in the worst US banking crisis since 2008.
The March flows were the second-highest for that month in the firm's history.
As the world changes, the bonds tying broker-dealers to their reps might have to be broken to be reset.
For reps who left a captive wirehouse or insurance company decades ago, the world has come full circle.
Of course, some analysts see the financial giant's battered stock price as a buying opportunity.
Client money is moving from "sweep accounts" into money market funds at a rate of $20 billion a month, Morgan Stanley said.
Three women leaders detail how their new service models are building “perfect” long-term clients.
As the banking crisis drags on, investors are starting to unearth risks at Schwab that have been hiding in plain sight.
Schwab claimed the advisors stole trade secrets and breached their contracts when they switched to Morgan Stanley.
Dealing with a hacked account is very costly and time consuming for custodians.
Schwab could finish uniting its RIA custody business with TD Ameritrade's by Labor Day.
“Charles Schwab remains a safe port in a storm,” the company said in the statement.
Amid wild gyrations in financial markets, the shift in client assets isn't likely to jeopardize Schwab.
Schwab, 85, has had $2.9 billion erased from his fortune since March 8.
Schwab's shares tumbled last week as depositors pulled money from Silicon Valley Bank.
The firm has a broad base of customers and capital in excess of regulatory requirements, founder Charles Schwab said.
The proposal could result in as many as a few hundred thousand dually registered advisors being reclassified to employees.
Other big investment companies have been trimming headcount amid economic uncertainty.