The Charles Schwab Corporation (SCHW) Friday, in its market activity report for the month of May, said total client assets were $2.11 trillion, a 20 percent increase from last year May. The firm also said its client daily average trades were 505.4 thousand for this May, a 17 percent increase from the same month last year.
Net new assets brought to the company by new and existing clients in May 2013 totaled negative $1.9 billion. May 2013 net new assets included a $10.3 billion outflow related to a mutual fund clearing services client. The clearing outflow is part of a planned transfer totaling approximately $80 billion occurring over an extended period.
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