Schwab Committed to Independence

Schwab Committed to Independence 


SAN FRANCISCO, July 7  /PRNewswire-FirstCall/ -- The Charles Schwab Corporation
today released the following statement from Charles R. Schwab, Chairman and
CEO:

"We have no interest in selling the company.  We remain firmly committed to our
independence, and believe we serve stockholders best by continuing Schwab's
strategy as an independent company, focused on providing clients with great
service at great value."

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
(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, [phone], or investors, Rich Fowler,

[phone], both of Charles Schwab



Web site:  http://www.schwab.com/ 

Copyright