Charles Schwab reported net new assets for August fell to $4.9 billion, a drop the company attributed to temporary attrition of TD Ameritrade clients and advisors.
Net new assets were down from $43.3 billion for the same period a year ago and from $13.7 billion in July, the company said Friday. Schwab’s stock fell 3.4% in premarket trading on the news.
Schwab…