Charles Schwab Reports $1B New Assets; Client Daily Trades Up 5% from April 2011; Client Assets $1.83T at End of April
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of April 2012 include: * Net new assets brought to the company by new and existing clients in April 2012 totaled $1.0 billion, reflecting client cash disbursements during tax season. * Total client assets were $1.83 trillion as of month-end April, up 9% from April 2011 and flat compared to March 2012. * Client daily average trades were 458.9 thousand in April 2012, up 5% from April 2011 and down 1% from March 2012.
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