Fidelity Investments said client assets in its brokerage business grew 24%, to $1.96 trillion, at Sept. 30.
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The Boston company attributed the growth to strong inflows and market conditions. It said in a statement on Monday that net new client assets, which include sales of proprietary and nonproprietary funds and individual securities, almost doubled, to $54.8 billion, in the quarter.
Daily average commissionable trades increased 31%, to 368,502, in the quarter. Fidelity had 17.6 million brokerage client accounts at the end of the quarter, up 6% from a year earlier.
