Charles Schwab

(SCHW) - Get Report

said August average daily trades rose 4% from a year ago but fell 9% from July's levels.

The San Francisco-based brokerage said August net new assets were $7.1 billion, while total client assets rose 2% sequentially and 14% from a year ago to $1.31 trillion.

Client daily average traders were 222,900, the company said.