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/

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