Schwab Institutional Adds New Services to Improve Advisor Efficiency

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Safecharge International Group Limited	LSE:SCH	London	Ordinary Share	GG00BYMK4250	ORD USD0.0001

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Enhanced Online Trading, Improved Cashiering and Electronic Statements Designed to Streamline Advisor Workflow SAN FRANCISCO, Sept. 21 /PRNewswire-FirstCall/ -- In a drive to help advisors increase back office efficiency so they can spend more time on client service, practice management and business development, Schwab Institutional, a leading provider of custodial, operational and trading support for independent fee-based investment advisors, has introduced several new services -- enhanced online trading services, improved cashiering, and electronic statements -- to help advisors expedite their administrative processes. "We know that advisors have a passion for working with their clients, managing their investments, and being responsive to their needs," said Myra Rothfeld, senior vice president of Schwab Institutional. "But advisors are burdened by labor-intensive tasks that can become productivity roadblocks. We continuously look for ways to help advisors run their businesses more efficiently, and we're pleased to offer new services that complement our existing account service and trading tools." Online Trading Enhancements Schwab Institutional has rolled out enhanced trading capabilities, enabling advisors to conduct a broader array of mutual fund trades online via http://www.schwabinstitutional.com/. Features include consolidated equity and mutual fund trade order entry, as well as the ability to carry out both linked and single order trades and to place mutual fund trade orders either for individual client accounts or across multiple accounts. "More than 92% of the advisors who custody with us trade both mutual funds and equities," said Marjorie Qualey, vice president of Schwab Institutional. "This improved trading capability means that advisors now have one consolidated platform through which to trade equities and mutual funds, which should greatly reduce the amount of time they have to spend entering and processing trades." Later this year, Schwab Institutional will be introducing more comprehensive fixed income trading capabilities. This enhancement will enable advisors to access deeper inventory of more types of instruments online and view more detailed information about each bond so that they can easily select the appropriate products for their clients. Features will include an enhanced interface and trading functionality, including a dedicated fixed income window and the ability to sell U.S. Treasuries; daily listings of 15,000 - 20,000 instruments from over 300 dealers; a broad product selection, including high yield bonds, mortgage backed securities, hybrid preferred securities and Treasury Inflated Protected Securities; and expanded search and filtering capabilities. "Move Money" Feature Online Schwab Institutional has recently added the ability for advisors to view clients' money movement (also known as cashiering) activity online so advisors can provide faster and more detailed answers when their clients ask for the status of money movement requests. "Due to the time sensitive nature of these kinds of transactions, advisors value having the power of more information and more control at their fingertips," said Qualey. Instead of calling to check the status of a request, advisors can check online for all eligible active, pending and recent money movement requests such as checks, journal entries and wire transfers. Advisors can obtain the Federal Reference Number for completed wire requests, view standing letters of authorization and recurring transactions, and find out why a particular request is pending and what action needs to be taken. Later this year, the functionality on http://www.schwabinstitutional.com/ will be further expanded to include the ability for advisors to place new money movement requests for checks and cash-journal entries, edit or cancel existing requests or recurring transactions, and create standing letters of authorization. eDelivery Developments In addition to current paperless services such as eConfirms and e1099s, Schwab Institutional now provides advisors a secure and efficient way to access recent and historical copies of their client statements and tax reports via http://www.schwabinstitutional.com/. "The ability to access client information on demand is of critical importance to advisors," said Steve Hirsch, vice president of Schwab Institutional. "Instead of manually searching through filing cabinets for old statements when a client calls with an urgent question, advisors will have up to three years of information at their fingertips in electronic format. This tool will help advisors provide the kind of superior client service that affluent investors expect and demand. In addition, electronic document receipt and retrieval will eliminate the need for advisors to manage and archive paper copies that their clients receive from Schwab, resulting in a time and effort savings for them." In the fourth quarter of 2005, advisors will be able to download their clients' monthly statements and tax reports and to archive these documents on their local computer networks. In addition, Schwab Institutional will provide the means for advisors' clients to view, print and save their own statements via http://www.schwaballiance.com/, a special web site designed for clients of advisors doing business with Schwab Institutional. 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 18 percent to $365 billion between June 30, 2004 and June 30, 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 The Charles Schwab Corporation as of June 30, 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; 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. Brokerage products and services are offered by Charles Schwab & Co. Brokerage products are not FDIC insured, offer no Bank guarantee and may lose value. 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/. (0905-1796) IMPACT 2005 More information about all the services cited in the release can be found at the annual conference for independent investment advisors - IMPACT 2005, Sep. 25-28 at the Washington State Convention & Trade Center in Seattle. Hosted by Schwab Institutional, this year's conference is titled "Smart. Faster. Further: Winning Strategies to Manage Your Business to Success." DATASOURCE: Charles Schwab CONTACT: Lindsay Tiles of Charles Schwab, +1-415-667-3997, or Web site: http://www.schwab.com/

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