The Charles Schwab Corporation Reports Monthly Activity Highlights SAN FRANCISCO, May 16 /PRNewswire-FirstCall/ -- The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of April 2005 include: * Net new assets brought to the Company by new and current clients in April 2005 totaled $1.1 billion, reflecting client cash disbursements during tax season. * Total client assets were $1.062 trillion as of month-end April, up 9% from April 2004 and down 1% from March 2005. In comparison, the Schwab 1000 Index(R) was up 5% from April 2004 and down 2% from March 2005. * Client daily average trades, which include daily average revenue trades (DART), Schwab Institutional(R) asset-based trades and Schwab Private Client(TM) asset-based trades, were 203.8 thousand in April 2005, up 13% from April 2004 and down 6% from March 2005. DART totaled 182.7 thousand in April 2005, up 11% from April 2004 and down 7% from March 2005. 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 - Glen Mathison, +1-415-636-5448, or Investors/Analysts - Rich Fowler, +1-415-636-9869, both of Charles Schwab Web site: http://www.schwab.com/

Copyright