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SAN FRANCISCO — Retail brokerage Charles Schwab Corp. said Friday that its clients' daily trading volume fell 14 percent in July from a year ago.
Daily average volume of 291,100 trades in July also fell compared with June of this year, with a decline of 8 percent on that basis.
The financial services company said new and existing clients brought $5.6 billion in net new assets to Schwab in July, and the company's total client assets were valued at nearly $1.29 trillion at the end of the month. That figure is down 8 percent from July 2008 and up 5 percent from June 2009.
San Francisco-based Schwab shares fell 27 cents to $18.34 in morning trading.
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