Schwab Institutional Announces 2005 Advisory Board Members SAN FRANCISCO, April 7 /PRNewswire-FirstCall/ -- Schwab Institutional, a leading provider of custodial, operational and trading support for independent fee-based investment advisors, today announced the members of its 2005 Advisory Board. Comprised of principals of independent investment advisory firms, the Schwab Institutional Advisory Board offers guidance in relation to products, services and strategies and acts as a barometer of issues and trends important to Schwab Institutional advisor clients and the industry. Board members serve for two-year terms and are not compensated by Schwab Institutional for their service. Schwab Institutional serves approximately 5,000 independent advisory firms with more than $348 billion in custodied assets. "We place great value on the insight and feedback our Advisory Board members provide on our business, the industry and their needs as independent investment advisors," said Deborah Doyle McWhinney, president of Schwab Institutional. "The independent investment advisor industry is thriving, and the counsel we receive from our Advisory Board ensures that we continue to provide our clients with the platform, products and programs they require now and in the future." Newly appointed advisory board members for 2005-2006: Libbie Agran, Libbie Agran Financial Services, Santa Monica, CA, age 62 Mark Griege, Robertson, Griege & Thoele, Dallas, TX, age 46 John Huber, Geneva Investment Management of Chicago, LLC, Chicago, IL, age 35 Joel Isaacson, Joel Isaacson & Co, Inc., New York, NY, age 46 Wendy Laidlaw, R.M. Davis, Inc., Portland, ME, age 43 Douglas Lane, Douglas C. Lane & Associates, New York, NY, age 59 Ann McCorkindale, Honkamp Krueger Financial Services, Inc., Dubuque, IA, age 47 Lon Morton, Morton Capital Management, Calabasas, CA, age 59 Andrew Putterman, Lydian Wealth Management, Rockville, MD, age 46 Susan Spraker, Spraker, Fitzgerald, Tamayo & Mosiand LLC, Maitland, FL, age 55 Michael A. Yoshikami, YCMNET Advisors, Walnut Creek, CA, age 45 Returning advisory board members: Andrew Berg, Homrich & Berg, Atlanta, GA, age 45 Jeffrey Buckner, Plancorp, Inc., Chesterfield, MO, age 53 Susan Colpitts, Signature Financial Management, Inc., Norfolk, VA, age 47 David Henion, Forte Capital, LLC, Pittsford, NY, age 38 Roger Reynolds, Coldstream Capital Management, Inc., Bellevue, WA, age 41 Scott Roulston, Fairport Asset Management, LLC, Cleveland, OH, age 47 Drew Simon, Baydush Simon Weaver, LLC, Boulder, CO, age 50 Marita Sullivan, JMG Financial Group, Ltd., Oak Brook, IL, age 58 Jon Vannice, Boys, Arnold & Company, Asheville, NC, age 48 Page 2 of 2 About Schwab Institutional Schwab Institutional, a division of Charles Schwab & Co. Inc., is a leading provider of custodial, operational and trading support for independent fee-based investment advisors. Client assets custodied with Schwab Institutional increased 21 percent to $348 billion between Dec. 31, 2003 and Dec. 31, 2004. These assets, managed by the approximately 5,000 independent advisor firms Schwab Institutional serves, represent approximately one-third of total customer assets custodied with The Charles Schwab Corporation as of Dec. 31, 2004. About Charles Schwab The Charles Schwab Corporation (NYSE / Nasdaq: SCH), 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, N.A. (member FDIC and Equal Housing Lender) provides banking products and services. 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/. (0305-00676) DATASOURCE: Charles Schwab CONTACT: Lindsay Tiles of Charles Schwab, +1-415-667-3997, or Web site: http://www.schwab.com/

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