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Schwab's Total Client Assets Rise Y/Y in May, Stock Down 1.3%
ZACKS· 2025-06-16 14:16
Key Takeaways Schwab's total client assets rose 12.4% y/y in May to $10.35T, with advisory assets reaching $5.24T. Core net new assets jumped to $35B in May from $2.7B in April. The metric increased 12.5% y/y. 336K new brokerage accounts opened in May, up 7% y/y but down 23.5% from the prior month.Shares of Charles Schwab (SCHW) declined 1.3% following the release of its monthly activity report for May 2025. The company’s total client assets were $10.35 trillion, up 12.4% from May 2024 and 4.6% from April ...
Tevogen Informs Public Shareholders About DRS Accounts And Differences to Brokerage Accounts
Globenewswire· 2025-04-29 17:48
Core Viewpoint - Tevogen Bio Holdings Inc. informs shareholders about the differences between holding shares in Direct Registration System (DRS) accounts versus brokerage accounts, highlighting the benefits and drawbacks of each option [1]. Group 1: DRS Accounts - DRS accounts allow shares to be registered directly in the shareholder's name, providing direct control over the shares [2]. - Holding shares in DRS accounts may result in reduced transaction and account maintenance costs for shareholders [2]. Group 2: Brokerage Accounts - Brokerage accounts may offer greater access to investment tools and facilitate quicker selling of shares compared to DRS accounts [2]. - Investors may incur costs associated with transferring shares in and out of brokerage accounts [2]. Group 3: Additional Information - For further details regarding the differences between DRS and brokerage accounts, shareholders are encouraged to contact the Company's transfer agent, Continental Stock Transfer & Trust [3].