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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 www.schwab.com
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