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Stock Market & Financial Investment News

News Breaks
May 14, 2014
08:48 EDTSCHWCharles Schwab reports April new net assets $0.3B
Charles Schwab released its Monthly Market Activity Report and company highlights for the month of April include net new assets brought to the company by new and existing clients in April totaled $0.3B, reflecting client cash disbursements during tax season. Reports total client assets were $2.31T as of month-end April, up 10% from April 2013 and flat compared to March. Reports clients’ daily average trades were 534.9K in April, up 14% compared to April 2013 and up 4% compared to March. Reports April 2014 trading activity included a 6% sequential decrease in daily average revenue trades.
News For SCHW From The Last 14 Days
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May 19, 2015
09:02 EDTSCHWCharles Schwab lowers fees in Schwab 529 College Savings Plan
Charles Schwab announced that it is reducing fees in the Schwab 529 College Savings Plan effective July 17, 2015. The actively-managed portfolios are being reduced by an average of 20 percent, with total expense ratios now ranging from 0.41 to 1.01%, down from 0.41 to 1.34%. The passive index portfolios will decrease 45 percent to a total expense ratio of 0.30% down from 0.55%. The fee reductions are aimed at giving parents, relatives and friends an even more cost-effective way to save for a child’s higher education, a top priority for many investors as college expenses continue to rise.
08:08 EDTSCHWCharles Schwab Advisor Services change positive, says JMP Securities
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May 14, 2015
08:47 EDTSCHWCharles Schwab reports April net new assets totaled $9.1B
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