E*Trade

(ET) - Get Report

said last month's total daily average revenue trades fell 7.5% from July, but retail client assets increased 3% to $181.9 billion.

Daily average revenue trades totaled 127,951 in August, down from 138,367 the previous month. Gross new retail accounts for the month were 107,226.

"Given the expected seasonality in trading activity during August, we were pleased to see strong growth in new accounts, cash balances and total client assets," said R. Jarrett Lilien, president and chief operating officer at E*Trade.