The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of November 2013 include:
- Net new assets brought to the company by new and existing clients in November 2013 totaled $11.7 billion. November 2013 net new assets included a $2.5 billion inflow related to a mutual fund clearing services client.
- Total client assets were a record $2.22 trillion as of month-end November, up 15% from November 2012 and up 2% compared to October 2013.
- Clients’ daily average trades were 467.3 thousand in November 2013, up 8% compared to November 2012 and down 5% compared to October 2013. November 2013 trading activity included a 1% sequential decrease in daily average revenue trades.