Schwab Client Assets Rise 36% in October
November 12 2021 - 9:30AM
Dow Jones News
By Dave Sebastian
Charles Schwab Corp. its client assets were $7.98 trillion at
the end of October, up 36% from the same month last year and up 5%
from September.
The Westlake, Texas-based financial-services company Friday said
core net new assets brought to the company by new and existing
clients were $36.8 billion. Excluding mutual fund clearing, net new
assets totaled $35.9 billion, the company said.
Schwab said average margin balances were $83.8 billion in
October, up 74% from the same month last year and up 3% from
September.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
November 12, 2021 09:15 ET (14:15 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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