Schwab Reports Total Client Assets or $1.59 Trillion

The Charles Schwab Corporation SCHW released its Monthly Market Activity Report today. Net new assets brought to the company by new and existing clients in January 2011 totaled $6.4 billion, including a scheduled $2.1 billion outflow related to a mutual fund clearing services client. Total client assets were $1.59 trillion as of month-end January, up 13.8% from January 2010 and up 1.3% from December 2010. Client daily average trades were 511.8 thousand in January 2011, up 10% from January 2010 and up 28% from December 2010. January 2011 trading activity was elevated by a seasonal rise in Schwab Mutual Fund OneSource® transactions.