Schwab Reports April Daily Average Trades of 435K; Down 1% YoY

The Charles Schwab Corporation SCHW released its Monthly Market Activity Report today. Company highlights for the month of April 2011 include: Net new assets brought to the company by new and existing clients in April 2011 totaled negative $0.5 billion, reflecting client cash disbursements during tax season. Total client assets were $1.68 trillion as of month-end April, up 11% from April 2010 and up 2% from March 2011. Client daily average trades were 435 thousand in April 2011, down 1% from April 2010 and flat compared to March 2011.