Schwab Reports May Daily Average Trades Down 23% from Year Ago

The Charles Schwab Corporation SCHW released its Monthly Market Activity Report today. Company highlights for the month of May 2011 include: Net new assets brought to the company by new and existing clients in May 2011 totaled $9.4 billion. Total client assets were $1.67 trillion as of month-end May, up 18% from May 2010 and down 1% from April 2011. Client daily average trades were 395.9 thousand in May 2011, down 23% from May 2010 and down 9% from April 2011.