The Charles Schwab reports monthly activity for January 2024: Total core net new assets brought to the company by new and existing clients equaled $17.2 B, or $21.4B in core net new assets excluding Ameritrade originated brokerage clients. Total client assets were $8.56T as of month-end January, up 14% from January 2023 and flat versus December 2023. Transactional sweep cash ended January 2024 at $406.1B representing a decrease of $11.3B versus the prior month. This decline was in-line with typical January seasonality as clients reengaged with the markets following a nearly $15B build-up in cash during December 2023.
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