The Charles Schwab Corporation Reports Monthly Activity Highlights; Net New Assets Total $7.5 Billion
December 15 2005 - 8:45AM
PR Newswire (US)
SAN FRANCISCO, Dec. 15 /PRNewswire-FirstCall/ -- The Charles Schwab
Corporation released its Monthly Market Activity Report today.
Company highlights for the month of November 2005 include: -- Net
new assets brought to the Company by new and current clients in
November 2005 totaled $7.5 billion. -- Total client assets were a
record $1.188 trillion as of month-end November, up 13% from
November 2004 and up 3% from October 2005. In comparison, the
Schwab 1000 Index(R) was up 8% from November 2004 and up 4% from
October 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 263.4
thousand in November 2005, up 25% from November 2004 and up 2% from
October 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, N.A. (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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