The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of November 2012 include:
- Net new assets brought to the company by new and existing clients in November 2012 totaled $16.2 billion, including a $5.4 billion inflow related to a mutual fund clearing services client and a $0.9 billion outflow related to a planned transfer from Corporate Brokerage Services.
- Total client assets were a record $1.92 trillion as of month-end November, up 15% from November 2011 and up 1% compared to October 2012.
- Client daily average trades were 431.8 thousand in November 2012, flat compared to November 2011 and down 2% compared to October 2012. November 2012 trading activity included a 6% sequential increase in daily average revenue trades.
About Charles SchwabThe Charles Schwab Corporation (NYSE: 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, 857,000 banking accounts, and $1.92 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; 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.