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The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of July 2009 include:
* Net new assets brought to the company by new and existing clients in July 2009 totaled $5.6 billion.
* Total client assets were $1.286 trillion as of month-end July, down 8% from July 2008 and up 5% from June 2009.
* Client daily average trades were 291.1 thousand in July 2009, down 14% from July 2008 and down
The SMART report can be viewed with its accompanying 12-month data at http://www.aboutschwab.com/investor/financials/financial_reports.html
About Charles Schwab
The Charles Schwab Corporation (Nasdaq:SCHW - News) is a leading provider of financial services, with more than 300 offices and 7.6 million client brokerage accounts, 1.5 million corporate retirement plan participants, 619,000 banking accounts, and $1.3 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, http://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 its Advisor Services division. The Charles Schwab Bank (member FDIC) provides banking and mortgage services and products. More information is available at www.schwab.com.
Contact:
Charles Schwab
Greg Gable, 415-667-0473 (Media)
Rich Fowler, 415-667-1841 (Investors/Analysts)
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment.
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