SAN FRANCISCO, Sept. 15 /PRNewswire-FirstCall/ -- The Charles Schwab
Corporation released its Monthly Market Activity Report today. Company
highlights for the month of August 2006 include:
-- Net new assets brought to the Company by new and current clients in
August 2006 totaled $7.1 billion.
-- Total client assets were $1.312 trillion as of month-end August, up 14%
from August 2005 and up 2% from July 2006. In comparison, the Schwab
1000 Index(R) was up 7% from August 2005 and up 2% from July 2006.
-- Client daily average trades were 222.9 thousand in August 2006, up 4%
from August 2005 and down 9% from July 2006.
The Charles Schwab Corporation (Nasdaq: SCHW) is a leading provider of
financial services, with more than 330 offices and 6.8 million client
brokerage accounts, 529,000 corporate retirement plan participants, 180,000
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 ),
offers 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. The company's other
operating subsidiaries include U.S. Trust Corporation (member FDIC) and
CyberTrader(R), Inc. (member SIPC, http://www.sipc.org ). More information
is available at http://www.schwab.com.
SOURCE Charles Schwab
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Related links:
http://www.schwab.com/
CONTACT:
media, Glen Mathison, +1-415-636-5448, or
investors, Rich Fowler, +1-415-636-9869, both of Charles Schwab
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