The Charles Schwab Corporation Reports Monthly Activity Highlights
March 16 2005 - 8:45AM
PR Newswire (US)
The Charles Schwab Corporation Reports Monthly Activity Highlights
SAN FRANCISCO, March 16 /PRNewswire-FirstCall/ -- The Charles
Schwab Corporation (NYSE/Nasdaq: SCH) released its Monthly Market
Activity Report today. Company highlights for the month of February
2005 include: -- Net new assets brought to the Company by new and
current clients in February 2005 totaled $6.3 billion. -- Total
client assets were $1.089 trillion as of month-end February, up 9%
from February 2004 and up 2% from January 2005. In comparison, the
Schwab 1000 Index(R) was up 6% from February 2004 and up 2% from
January 2005. -- Client daily average revenue trades (DART) were
190.9 thousand in February 2005, up 14% from February 2004 and up
3% from January 2005. Client daily average trades, which include
DART, Schwab Institutional(R) asset-based trades and Schwab Private
Client(TM) asset-based trades, were 210.9 thousand in February
2005, up 17% from February 2004 and up 2% from January 2005. 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/
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