While the firm added $28 billion in new funds from clients during the quarter, revenue at the wealth business fell short of estimates.
US investors pulled $5.2 billion from environmental, social and governance funds last quarter, according to a report by Morningstar.
Rising concerns over pending regulatory changes and customers moving cash to higher yielding accounts have erased more than $60 billion in market value from the firm's January highs.
The state’s Senate approved a bill that bans state and local governments from using environmental, social, governance criteria when selling debt or investing public money.
The company's earnings report showed deposits tumbled 30% during the first quarter, in line with analysts' expectations; Schwab also announced that it's halting stock buybacks.
The bank attracted wealthy clients with loans that have become a costly hurdle to finding a rescuer.
Andy Saperstein oversees the $4.5 billion wealth management unit that's catapulted Morgan Stanley's market value above that of archrival Goldman.
Schwab's stock plunged 33% in March, in its worst month since 1987, and investors will be looking for signs of the firm's longer-term prognosis when it reports Q1 earnings Monday.
Naratil left the bank just six months ago after holding a number of senior positions in almost four decades at UBS, including president of UBS Americas, co-head of wealth management and CFO.
The Justice Department's antitrust division asked the SEC to consider potential impacts of its proposals, including whether smaller pricing increments could increase competition between exchanges and wholesalers, and whether that might affect brokers' willingness to route orders to wholesalers.
