Charles Schwab-Schwab (SCHW) Reports Fall in January Net New Assets Balance

Charles Schwab (SCHW) has reported its monthly activity report for January 2024. The company’s core net new assets of $17.2 billion declined 60% from the previous month’s level and 52% from the prior-year month’s figure.Schwab’s total client assets in November 2023 were$ 8.52 trillion, relatively stable with the December 2023 level and up 14% from January 2023. Client assets receiving ongoing advisory services were $4.36 trillion, marginally up from the prior month and up 13% year over year.Schwab’s average ...