Charles Schwab Corp. said Thursday it recorded $53 billion in core net new client assets in its second-highest March result in its history. The financial...
Charles Schwab Corp.
said Thursday it recorded $53 billion in core net new client assets in its second-highest March result in its history. The financial services and brokerage firm said despot flows “have remained fairly consistent” during recent weeks of banking jitters. While money has flowed into higher-interest-paying money market funds, CDs and bonds from relatively lower-return accounts, that trend will start to level off because consumers still want to keep cash in a more “highly liquid” form, Schwab said.
said Thursday it recorded $53 billion in core net new client assets in its second-highest March result in its history. The financial services and brokerage firm said despot flows “have remained fairly consistent” during recent weeks of banking jitters. While money has flowed into higher-interest-paying money market funds, CDs and bonds from relatively lower-return accounts, that trend will start to level off because consumers still want to keep cash in a more “highly liquid” form, Schwab said.
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