Fidelity Investments announced strong second-quarter results for its brokerage unit, Fidelity Brokerage Co.
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Client assets jumped 25% from a year earlier, to $1.3 trillion, the Boston company announced Thursday. The number of client accounts increased 11%, and daily average commissionable trades rose 23%.
The unit added $61.3 billion of net new client assets, which include sales of Fidelity and non-Fidelity mutual funds and individual securities. That was 130% more than in the 2004 quarter. The total for the half was $92.1 billion, 57% more than a year earlier.
