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- Savings and loan holding company The Charles Schwab (NYSE:SCHW) said on Tuesday that its net new assets brought by new and existing clients totaled $10B in April.
- The core net new assets equaled $1B.
- Total client assets came in at $8.85T at the end of April, up 16% from April 2023 and down 3% from March.
- Transactional sweep cash declined by 3% to $387.7B, driven by several anticipated factors, including client tax disbursements and seasonal advisory fee payments.
- Source: Press Release
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