Schwab Reports Monthly Activity Highlights

Business Wirevia The Motley Fool
Updated

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 July 2013 include:

  • Net new assets brought to the company by new and existing clients in July 2013 totaled $8.8 billion.

  • Total client assets were a record $2.12 trillion as of month-end July, up 16% from July 2012 and up 3% compared to June 2013.

  • Client daily average trades were 498.9 thousand in July 2013, up 26% compared to July 2012 and down 4% compared to June 2013. July 2013 trading activity included an 8% sequential decrease in daily average revenue 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 9.0 million active brokerage accounts, 1.6 million corporate retirement plan participants, 918,000 banking accounts, and $2.12 trillion in client assets as of July 31, 2013. 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; 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 and www.aboutschwab.com.

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MEDIA:
Charles Schwab
Greg Gable, 415-667-0473
or
INVESTORS/ANALYSTS:
Charles Schwab
Chelsea de St. Paer, 415-667-1064

KEYWORDS: United States North America California

INDUSTRY KEYWORDS:

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