Safecharge (LSE:SCH)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Safecharge Charts. Click Here for more Safecharge Charts.](/p.php?pid=staticchart&s=L%5ESCH&p=8&t=15)
Schwab Advisor Network Marks Third Anniversary With Record
Performance
Referral Program Brings 20,000 Clients and $14.6 Billion in Closed Business to
Advisors
SAN FRANCISCO, April 20 /PRNewswire-FirstCall/ -- Schwab Institutional, a
leading provider of custodial, operational and trading support for independent
fee-based investment advisors, is celebrating the third anniversary of its
successful referral program, the Schwab Advisor Network(TM).
Since its launch in April 2002, more than 50,000 investors have been referred
to independent investment advisors who participate in the Schwab Advisor
Network. In the three years, member advisor firms have converted more than
20,000 of these quality leads into clients who have entrusted $14.6 billion in
assets to their advisors.
"During the past three years, Charles Schwab's in-branch Financial Consultants
and advisors in the program have worked together successfully to help a
significant number of affluent investors find the advice solution for their
specific financial situation," said Edie Heilman, senior vice president of
Schwab Institutional. "I'm extremely proud of the difference we've made for
advisors, and the important contributions those advisors have made in the lives
of their clients."
Heilman noted that total assets converted by advisors in Schwab's current
program and through its predecessor Schwab AdvisorSource(R) referral program
now exceed $25 billion.
As of March 31, 2005, approximately 330 advisors were members of the Schwab
Advisor Network. New-to-program assets added in the first quarter of 2005
exceeded $1.7 billion, up more than five percent from the same quarter in 2004.
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 total $352 billion as of March 31, 2005. These assets, managed by
the approximately 5,000 independent advisor firms Schwab Institutional serves,
represent approximately one-third of total customer assets custodied with
Charles Schwab & Co., Inc. as of March 31, 2005.
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; (more) Page 2 of 2 referrals to
independent fee-based investment advisors; and custodial, operational and
trading support for independent fee-based investment advisors through its
Schwab Institutional division. 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/ . (0405-00888)
DATASOURCE: Charles Schwab
CONTACT: Lindsay Tiles of Charles Schwab, +1-415-667-3997 or
Web site: http://www.schwab.com/