The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of May 2014 include:
- Net new assets brought to the company by new and existing clients in May 2014 totaled $10.9 billion.
- Total client assets were a record $2.35 trillion as of month-end May, up 12% from May 2013 and up 2% compared to April 2014.
- Clients’ daily average trades were 445.7 thousand in May 2014, down 12% compared to May 2013 and down 17% compared to April 2014. May 2014 trading activity included a 14% sequential decrease in daily average revenue trades. Thus far in June, daily average revenue trades are similar to May levels.