Schwab adds 3.2 million new brokerage accounts in first quarter – more than all of 2020

Schwab added a record 3.2 million new clients in the first quarter of 2021. That compares with about 2.4 million new accounts added in all of 2020. Last year’s number excludes 14.5 million new brokerage accounts from the TD Ameritrade merger and 1.1 million accounts obtained from the sale of USAA’s brokerage portfolio to Schwab in May.
Read more...

;