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

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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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