AP NEWS

Schwab Reports Monthly Activity Highlights

September 17, 2018

SAN FRANCISCO--(BUSINESS WIRE)--Sep 17, 2018--The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of August 2018 include:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180917005149/en/

Core net new assets brought to the company by new and existing clients in August 2018 totaled $20.8 billion. Net new assets excluding mutual fund clearing totaled $18.6 billion. Total client assets were a record $3.56 trillion as of month-end August, up 14% from August 2017 and up 2% compared to July 2018. New brokerage accounts totaled 132,000 in August, up 7% from August 2017 and up 12% compared to July 2018.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 345 offices and 11.3 million active brokerage accounts, 1.6 million corporate retirement plan participants, 1.3 million banking accounts, and $3.56 trillion in client assets as of August 31, 2018. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, money management, custody, 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 Schwab Advisor Services. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at www.schwab.com and www.aboutschwab.com.

This article has been truncated. You can see the rest of this article by visiting http://www.businesswire.com/news/home/20180917005149/en.

AP RADIO
Update hourly