The Charles Schwab Corporation Reports Monthly Activity Highlights
May 16 2005 - 9:45AM
PR Newswire (US)
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