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In its monthly activity report for July, The Charles Schwab (NYSE:SCHW) reported core net new assets brought to the company by new and existing clients totaled $2.7B, including mutual fund clearing of $0.3B; these flows indicate federal income tax filing due date extension to July 15 from April 15.

As of July-end, total client assets stood at $4.28T, 14% Y/Y surge and 4% M/M rise.

New brokerage accounts increased 60% and 2% Y/Y and M/M to 206K.



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