Charles Schwab total January client assets up 14% from year ago, flat from December

Charles Schwab Corp. SCHW said Wednesday that total client assets in January increased 14% from the year-ago period and remained stable compared to the previous month. Total net new core assets brought to the company in January by new and existing customers were $17.2 billion, or $21.4 billion in net new core assets, excluding Ameritrade original brokerage clients. As of January 31, transaction-related liquidity fell by $11.3 billion, to $406.1 billion, from the previous month. “This decline was consistent with typical January seasonality, as clients re-engaged with the markets following a liquidity buildup of nearly $15 billion in December,” the…