The Charles Schwab Corporation Reports Monthly Activity Highlights
June 14 2005 - 10:01AM
PR Newswire (US)
The Charles Schwab Corporation Reports Monthly Activity Highlights
SAN FRANCISCO, June 14 /PRNewswire-FirstCall/ -- The Charles Schwab
Corporation released its Monthly Market Activity Report today.
Company highlights for the month of May 2005 include: * Net new
assets brought to the Company by new and current clients in May
2005 totaled $3.9 billion. * Total client assets of $1.092 trillion
as of month-end May represent a new record, up 11% from May 2004
and up 3% from April 2005. In comparison, the Schwab 1000 Index(R)
was up 7% from May 2004 and up 3% from April 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 190.3 thousand in May 2005, up
27% from May 2004 and down 7% from April 2005. DART totaled 169.4
thousand in May 2005, up 25% from May 2004 and down 7% from April
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, Greg Gable,
+1-415-636-5847, or investors, Rich Fowler, +1-415-636-9869, both
of Charles Schwab Web site: http://www.schwab.com/
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