Charles Schwab Net New Assets Fall on TD Ameritrade Attrition. The Stock Slips.

Most months, Charles Schwab rakes in lots of fresh client money. But in August, not so much.

Schwab (ticker: SCHW) Friday said core net new assets totaled $4.9 billion last month, down from $43.3 billion a year earlier and $13.7 billion in July. The brokerage firm attributed the declines to the temporary attrition of TD Ameritrade clients and advisors.


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