SAN FRANCISCO, Dec. 14 /PRNewswire-FirstCall/ -- The Charles Schwab
Corporation (Nasdaq: SCHW) released its Monthly Market Activity Report
today. Beginning with this report, all client-related amounts have been
adjusted to exclude U.S. Trust Corporation in light of its pending sale.
Company highlights for the month of November 2006 include:
-- Net new assets brought to the Company by new and current clients in
November 2006 totaled $10.5 billion.
-- Total client assets were $1.224 trillion as of month-end November, up
17% from November 2005 and up 3% from October 2006. In comparison, the
Schwab 1000 Index(R) was up 12% from November 2005 and up 2% from
October 2006.
-- Client daily average trades were 251.2 thousand in November 2006, down
5% from November 2005 and up 3% from October 2006.
About Charles Schwab
The Charles Schwab Corporation is a leading provider of financial
services, with more than 300 offices and 6.7 million client brokerage
accounts, 541,000 corporate retirement plan participants, 146,000 banking
accounts, and $1.2 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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