The Charles Schwab Corporation Reports Monthly Activity Highlights
February 14 2005 - 7:45AM
PR Newswire (US)
The Charles Schwab Corporation Reports Monthly Activity Highlights
SAN FRANCISCO, Feb. 14 /PRNewswire-FirstCall/ -- The Charles Schwab
Corporation (NYSE:SCH) Nasdaq released its Monthly Market Activity
Report today. Company highlights for the month of January 2005
include: -- Net new assets brought to the Company by new and
current clients in January 2005 totaled $4.0 billion. -- Total
client assets were $1.068 trillion as of month-end January, up 8%
from January 2004 and down 1% from December 2004. In comparison,
the Schwab 1000 Index(R) was up 5% from January 2004 and down 3%
from December 2004. -- Client daily average revenue trades were
185.9 thousand in January 2005, down 14% from January 2004 and down
1% from December 2004. Daily average trades through Schwab's Mutual
Fund OneSource(R) service and other asset-based trades were 80.4
thousand in January 2005, up 1% from January 2004 and up 12% from
December 2004. The Charles Schwab Corporation, through its
operating subsidiaries, provides securities brokerage and financial
services to individual investors and the independent investment
advisors who work with them. With over 7 million individual
investor accounts and more than $1 trillion in client assets, The
Charles Schwab Corporation is one of the nation's largest financial
services firms. Its subsidiary Charles Schwab & Co., Inc.
(member SIPC) provides a complete range of investment services and
products, including an extensive selection of mutual funds;
financial planning and investment advice; retirement plans;
referrals to independent fee-based investment advisors; and
custodial, operational and trading support for independent fee-
based investment advisors. Its subsidiary Charles Schwab Bank
(member FDIC) provides banking and mortgage services and products.
The corporation's other operating subsidiaries include U.S. Trust
Corporation (member FDIC) and CyberTrader(R), Inc. (member SIPC).
These companies' Web sites can be reached at
http://www.schwab.com/, http://www.schwabbank.com/,
http://www.ustrust.com/, and http://www.cybertrader.com/.
DATASOURCE: Charles Schwab CONTACT: Media: Greg Gable,
+1-415-636-5847, or Investors/Analysts: Rich Fowler,
+1-415-636-9869, both of Charles Schwab Web site:
http://www.schwab.com/
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