Fidelity Investments announced Thursday that total client assets in Fidelity Brokerage Co. rose 23% from a year ago, to a record $1.87 trillion, and total client accounts increased 11% to 18 million. Daily average commissionable trades also rose, by 12%, for an average of 349,784 trades a day. Net new client assets were $30.9 billion.
“The continuing growth we saw across all businesses in the first half of 2007, despite an uncertain economic environment, demonstrates the overall strength of the business,” said Timothy Moran, chief financial officer and executive vice president, Fidelity Brokerage. “Fidelity benefited from another solid retirement season, strong alliances in our intermediary businesses and continued enhancements to our brokerage offering.