Schwab Books a Record August With $64.8 Billion of Net New Assets
The Charles Schwab Corp. NYSE:SCHW rose 0.58% intraday after reporting August core net new assets of $64.8 billion, up 46% and a record for the month. Total client assets reached $13.41 trillion, up 19% from a year earlier. New brokerage accounts came to 424,000, an 11% increase.Margin balances end…