SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of August 2011 include:
- Net new assets brought to the company by new and existing clients in August 2011 totaled $62.4 billion, including a planned $56.1 billion inflow related to a mutual fund clearing services client.
- Total client assets were $1.65 trillion as of month-end August, up 19% from August 2010 and flat from July 2011.
- Client daily average trades were 545.3 thousand in August 2011, up 57% from August 2010 and up 35% from July 2011.
The SMART report can be viewed with its accompanying 12-month data at www.aboutschwab.com/investor_relations/financial_reports
NOTE: This report excludes optionsXpress, as the acquisition was completed September 1, 2011. August metrics for optionsXpress are available at: www.aboutschwab.com/investor_relations/financial_reports
About Charles Schwab
The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with more than 300 offices and 8.2 million client brokerage accounts, 1.5 million corporate retirement plan participants, 765,000 banking accounts, and $1.65 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.