Charles Schwab total January client assets up 14% from year ago, flat from December

Charles Schwab Corp. SCHW said Wednesday total client assets in January rose 14% from the year-ago period, and remained flat with the previous month. Total core net new assets brought to the company in January by new and existing clients were $17.2 billion, or$21.4 billion in core net new assets excluding Ameritrade originated brokerage clients. Transactional sweep cash as of Jan. 31 fell $11.3 billion to$406.1 billion compared to the previous month. “This decline was in-line with typical January seasonal ...