Stock Market Watch

The Charles Schwab Corporation – SCHW – Monthly Market Activity Report

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The Charles Schwab Corporation (NYSE: SCHW) released its Monthly Market Activity Report. Company highlights for the month of February 2012 include:

  • Net new assets brought to the company by new and existing clients in February 2012 totaled $21.3 billion, including a $12.0 billion inflow related to a mutual fund clearing services client.
  • Total client assets were a record $1.81 trillion as of month-end February, up 11% from February 2011 and up 4% from January 2012.
  • Client daily average trades were 500.1 thousand in February 2012, up 5% from February 2011 and up 7% from January 2012.

About Charles Schwab

The Charles Schwab Corporation -SCHW is a leading provider of financial services, with more than 300 offices and 8.6 million client brokerage accounts, 1.5 million corporate retirement plan participants, 794,000 banking accounts, and $1.81 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, 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 Schwab Advisor Services. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and mortgage services and products.

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company engages, through its subsidiaries, in securities brokerage, banking, and related financial services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Institutional Services. The Investor Services segment provides retail brokerage and banking services to individual investors. The Institutional Services segment provides custodial, trading and support services to independent investment advisors (IAs). Its business subsidiaries include Charles Schwab & Co., Inc. (Schwab), which is a securities broker-dealer; Charles Schwab Bank (Schwab Bank), which is a federal savings bank, and Charles Schwab Investment Management, Inc. (CSIM), which is the investment advisor for Schwab’s mutual funds. On September 1, 2011, the Company acquired optionsXpress Holdings, Inc. In November 2011, the Company acquired Compliance11, Inc.

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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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