March 14, 2008
Schwab Reports Monthly Activity Highlights
SAN FRANCISCO--(BUSINESS WIRE)
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of February 2008 include:
Net new assets brought to the company by new and existing clients in February 2008 totaled $12.5 billion.
Total client assets were $1.391 trillion as of month-end February, up 10% from February 2007 and flat to January 2008.
Client daily average trades were 289.4 thousand in February 2008, up 5% from February 2007 and down 22% from January 2008.
About Charles Schwab
The Charles Schwab Corporation (Nasdaq:SCHW) is a leading provider of financial services, with more than 300 offices and 7.1 million client brokerage accounts, 1.3 million corporate retirement plan participants, 302,000 banking accounts, and $1.4 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 (member FDIC) provides banking and mortgage services and products. More information is available at www.schwab.com.
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