SAN FRANCISCO, March 14 /PRNewswire-FirstCall/ -- The Charles Schwab
Corporation released its Monthly Market Activity Report today. Company
highlights for the month of February 2007 include:
* Net new assets brought to the company by new and current clients in
February 2007 totaled $12.8 billion. Reflecting the Company's strategic
focus on building relationships with larger investment advisors,
February net new assets included $3 billion from a single Schwab
Institutional client.
* Total client assets were $1.266 trillion as of month-end February, up
15% from February 2006 and flat to January 2007. In comparison, the
Schwab 1000 Index(R) was up 11% from February 2006 and down 2% from
January 2007.
* Client daily average trades were 276.1 thousand in February 2007, down
14% from February 2006 and flat to January 2007.
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, 584,000 corporate retirement plan participants, 150,000
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, 415-636-5847, or
Investors/Analysts, Rich Fowler, +1-415-636-9869, both of Charles
Schwab
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