The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of July 2014 include:
- Net new assets brought to the company by new and existing clients in July 2014 totaled $15.9 billion. July 2014 net new assets included a $2.4 billion inflow related to a mutual fund clearing services client.
- Total client assets were $2.38 trillion as of month-end July, up 12% from July 2013 and down 1% compared to June 2014.
- Clients’ daily average trades were 458 thousand in July 2014, down 8% compared to July 2013 and down 2% compared to June 2014. July 2014 trading activity included a 3% sequential increase in daily average revenue trades.
Supporting schedules are either attached or located 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 9.3 million active brokerage accounts, 1.4 million corporate retirement plan participants, 956,000 banking accounts, and $2.38 trillion in client assets as of July 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, 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.