Public Company Information:
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of October 2011 include:
- Net new assets brought to the company by new and existing clients in October 2011 totaled $5.0 billion.
- Total client assets were $1.68 trillion as of month-end October, up 11% from October 2010 and up 6% from September 2011.
- Client daily average trades were 509.5 thousand in October 2011, up 37% from October 2010 and up 9% from September 2011. October 2011 trading activity was elevated by a seasonal rise in Schwab Mutual Fund OneSource® transactions.
The SMART report can be viewed with its accompanying 12-month data 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 8.5 million client brokerage accounts, 1.5 million corporate retirement plan participants, 774,000 banking accounts, and $1.68 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.
Greg Gable, 415-667-0473
Rich Fowler, 415-667-1841