(Reuters) -Financial broker Charles Schwab on Friday reported $16.5 billion in core net new assets for the week after it saw “strong inflows from clients over the last week”.
The disclosure comes days after the company reported a 28% decline in average margin balances and a 4% fall in total client assets for February.
“Charles Schwab remains a safe port in a storm, driven by its conservative balance sheet, strong liquidity position,” the company said in a statement.
(Reporting by Mehnaz Yasmin in Bengaluru; Editing by Devika Syamnath)
