Net new assets brought to the company by new and existing clients in
January 2014 totaled $11.9 billion.
Total client assets were $2.22 trillion as of month-end January, up
10% from January 2013 and down 1% compared to December 2013.
Clients’ daily average trades were 588.2 thousand in January 2014, up
17% compared to January 2013 and up 17% compared to December 2013.
January 2014 trading activity included a 20% sequential increase in
daily average revenue trades.
SAN FRANCISCO--(BUSINESS WIRE)--
The Charles Schwab Corporation released its Monthly Market Activity
Report today. Company highlights for the month of January 2014 include:
The SMART report can be viewed with its accompanying 12-month data at www.aboutschwab.com/investor_relations/financial_reports.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of
financial services, with more than 325 offices and 9.1 million active
brokerage accounts, 1.3 million corporate retirement plan participants,
923,000 banking accounts, and $2.22 trillion in client assets as of
January 31, 2014. Through its operating subsidiaries, the company
provides a full range of securities brokerage, banking, money management
and financial advisory services to individual investors and independent
investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co.,
Inc. (member SIPC,
and affiliates offer a complete range of investment services and
products including an extensive selection of mutual funds; financial
planning and investment advice; retirement plan and equity compensation
plan services; referrals to independent fee-based investment advisors;
and custodial, operational and trading support for independent,
fee-based investment advisors through Schwab Advisor Services. Its
banking subsidiary, Charles Schwab Bank (member FDIC and an Equal
Housing Lender), provides banking and lending services and products.
More information is available at www.schwab.com
Greg Gable, 415-667-0473
Rich Fowler, 415-667-1841
Source: The Charles Schwab Corporation