Schwab Reports Monthly Activity Highlights
SAN FRANCISCO--(BUSINESS WIRE)-- The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of October 2012 include:
Net new assets brought to the company by new and existing clients in October 2012 totaled $24.7 billion, including a $15.7 billion inflow related to a mutual fund clearing services client.
Total client assets were a record $1.9 trillion as of month-end October, up 13% from October 2011 and flat compared to September 2012.
Client daily average trades were 439.7 thousand in October 2012, down 14% from October 2011 and flat compared to September 2012. October 29 and 30, 2012 were not included as trading days due to weather-related market closures, with a corresponding impact on trading revenue. October 2012 trading activity included a sequential rise in asset-based trades.
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 (NYS: SCHW) is a leading provider of financial services, with more than 300 offices and 8.7 million client brokerage accounts, 1.6 million corporate retirement plan participants, 851,000 banking accounts, and $1.9 trillion in client assets. 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, www.sipc.org), 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; compliance and trade monitoring solutions; 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 mortgage services and products. More information is available at www.schwab.com and www.aboutschwab.com.
Greg Gable, 415-667-0473 (Media)
Richard Fowler, 415-667-1841 (Investors/Analysts)
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