Schwab Reports Monthly Activity Highlights

Friday, November 13, 2009 5:45 am PST

Dateline:

SAN FRANCISCO

Public Company Information:

NASDAQ:
SCHW

SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of October 2009 include:

  • Net new assets brought to the company by new and existing clients in October 2009 totaled $8.6 billion.
  • Total client assets were $1.350 trillion as of month-end October, up 16% from October 2008 and down 1% from September 2009.
  • Client daily average trades were 335.3 thousand in October 2009, down 33% from October 2008 and up 1% from September 2009.

The SMART report can be viewed with its accompanying 12-month data at http://www.aboutschwab.com/investor/financials/financial_reports.html

About Charles Schwab

The Charles Schwab Corporation (Nasdaq:SCHW) is a leading provider of financial services, with more than 300 offices and 7.6 million client brokerage accounts, 1.5 million corporate retirement plan participants, 687,000 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. Named Highest in Investor Satisfaction by J.D. Power and Associates, its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, 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 Advisor Services division. The Charles Schwab Bank (member FDIC) provides banking and mortgage services and products. More information is available at www.schwab.com.

Contact:

Charles Schwab
Greg Gable, 415-667-0473 (Media)
Michael Canady, 415-667-1834 (Investors/Analysts)

Corporate Public Relations
Contacts for Journalists Only

 

888-767-5432

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