The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of July 2014 include:
- Net new assets brought to the company by new and existing clients in July 2014 totaled $15.9 billion. July 2014 net new assets included a $2.4 billion inflow related to a mutual fund clearing services client.
- Total client assets were $2.38 trillion as of month-end July, up 12% from July 2013 and down 1% compared to June 2014.
- Clients’ daily average trades were 458 thousand in July 2014, down 8% compared to July 2013 and down 2% compared to June 2014. July 2014 trading activity included a 3% sequential increase in daily average revenue trades.