SAN FRANCISCO, Feb. 14 /PRNewswire-FirstCall/ -- The Charles Schwab
Corporation released its Monthly Market Activity Report today. Company
highlights for the month of January 2007 include:
o Net new assets brought to the Company by new and current clients in
January 2007 totaled $9.6 billion.
o Total client assets were $1.267 trillion as of month-end January, up 16%
from January 2006 and up 2% from December 2006. In comparison, the
Schwab 1000 Index(R) was up 13% from January 2006 and up 2% from
December 2006.
o Client daily average trades were 275.5 thousand in January 2007, down
18% from January 2006 and up 19% from December 2006.
About Charles Schwab
The Charles Schwab Corporation (Nasdaq: SCHW) is a leading provider of
financial services, with more than 300 offices and 6.8 million client
brokerage accounts, 570,000 corporate retirement plan participants, 149,000
banking accounts, and $1.3 trillion in client assets. Through its operating
subsidiaries, the company provides a full range of securities brokerage,
banking, money management and financial advisory services to individual
investors and independent investment advisors. Its broker-dealer
subsidiary, Charles Schwab & Co., Inc. (member SIPC, http://www.sipc.org),
and affiliates offer a complete range of investment services and products
including an extensive selection of mutual funds; financial planning and
investment advice; retirement plan and equity compensation plan services;
referrals to independent fee-based investment advisors; and custodial,
operational and trading support for independent, fee-based investment
advisors through its Schwab Institutional division. The Charles Schwab
Bank, N.A. (member FDIC) provides banking and mortgage services and
products. CyberTrader(R), Inc. (member SIPC, http://www.sipc.org) is an
electronic trading technology and brokerage firm providing services to
highly active, online traders. More information is available at
http://www.schwab.com .
SOURCE Charles Schwab
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Related links:
http://www.schwab.com/
CONTACT:
media, Greg Gable, +1-415-636-5847, or
investors/analysts, Rich Fowler, +1-415-636-9869, both of Charles
Schwab
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