Schwab Third-Quarter Core Net New Assets Rise 38% to $190.4 Billion
Charles Schwab reported $190.4 billion in third-quarter core net new assets, up 38% from a year earlier. Advisor Services contributed $120.1 billion and Investor Services $72.3 billion.
Charles Schwab's third-quarter core net new assets reached $190.4 billion, up 38% from a year earlier, driven by strong inflows from both independent advisors and retail investors. Advisor Services brought in $120.1 billion while Investor Services gathered $72.3 billion. The firm's wealth managemen…