Assets under administration fell 1% sequentially in November to $268 billion but grew 6% year over year. Its assets under management, $34.7 billion, were flat in November versus October, though they grew 10% from November 2010.
“The changes for the month are in line with the modest 0.5% decline in the S&P 500 for the month of November,” the company reported.
“The market environment remains challenging due to volatility as investors continue to digest the daily up and down news of the world economy,” said CEO Paul Reilly, in a statement. “The month of November showed improvement over the prior month, although the uncertainty in the market has dampened activity. Securities commissions and fees increased 3% over last month and were flat with last year.”