The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of October 2013 include:
- Net new assets brought to the company by new and existing clients in October 2013 totaled negative $19.8 billion. October 2013 net new assets included a $30.2 billion outflow related to a mutual fund clearing services client, representing the final part of a planned transfer, which totaled approximately $75 billion. Net new assets for the month also included a $2.9 billion inflow related to another mutual fund clearing services client.
- Total client assets were a record $2.18 trillion as of month-end October, up 15% from October 2012 and up 2% compared to September 2013.
- Client daily average trades were 490.8 thousand in October 2013, up 12% compared to October 2012 and up 5% compared to September 2013. October 2013 trading activity included a 5% sequential increase in daily average revenue trades.