Schwab (SCHW) Reports Sequential Fall in April Net New Assets

Charles Schwab (SCHW) has reported its monthly activity report for April 2024. The company’s core net new assets of $1 billion declined 98$8.85 trillion, down 3% from the March 2024 level and up 16% from April 2023. Client assets receiving ongoing advisory services were $4.50 trillion, down 3% from the prior month and up 15% year over year.Schwab’s average interest-earning assets of ...