Charles Schwab (SCHW) Reports Monthly Activity
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The Charles Schwab Corporation (Nasdaq: SCHW) released its Monthly Market Activity Report.. Company highlights for the month of February 2007 include:
1) Net new assets brought to the company by new and current clients in February 2007 totaled $12.8 billion. Reflecting the Company's strategic focus on building relationships with larger investment advisors, February net new assets included $3 billion from a single Schwab Institutional client.
2) Total client assets were $1.266 trillion as of month-end February, up 15% from February 2006 and flat to January 2007. In comparison, the Schwab 1000 Index® was up 11% from February 2006 and down 2% from January 2007.
3) Client daily average trades were 276.1 thousand in February 2007, down 14% from February 2006 and flat to January 2007.
1) Net new assets brought to the company by new and current clients in February 2007 totaled $12.8 billion. Reflecting the Company's strategic focus on building relationships with larger investment advisors, February net new assets included $3 billion from a single Schwab Institutional client.
2) Total client assets were $1.266 trillion as of month-end February, up 15% from February 2006 and flat to January 2007. In comparison, the Schwab 1000 Index® was up 11% from February 2006 and down 2% from January 2007.
3) Client daily average trades were 276.1 thousand in February 2007, down 14% from February 2006 and flat to January 2007.
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