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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/