Schwab Committed to Independence
08 July 2005 - 3:09AM
PR Newswire (US)
Schwab Committed to Independence SAN FRANCISCO, July 7
/PRNewswire-FirstCall/ -- The Charles Schwab Corporation today
released the following statement from Charles R. Schwab, Chairman
and CEO: "We have no interest in selling the company. We remain
firmly committed to our independence, and believe we serve
stockholders best by continuing Schwab's strategy as an independent
company, focused on providing clients with great service at great
value." The Charles Schwab Corporation (NYSE / Nasdaq: SCH),
through its operating subsidiaries, provides securities brokerage
and financial services to individual investors and the independent
investment advisors who work with them. With over 7 million
individual investor accounts and more than $1 trillion in client
assets, The Charles Schwab Corporation is one of the nation's
largest financial services firms. Its subsidiary Charles Schwab
& Co., Inc. (member SIPC) provides a complete range of
investment services and products, including an extensive selection
of mutual funds; financial planning and investment advice;
retirement plans; referrals to independent fee-based investment
advisors; and custodial, operational and trading support for
independent fee-based investment advisors. Its subsidiary Charles
Schwab Bank (member FDIC) provides banking and mortgage services
and products. The corporation's other operating subsidiaries
include U.S. Trust Corporation (member FDIC) and CyberTrader(R),
Inc. (member SIPC). These companies' Web sites can be reached at
http://www.schwab.com/, http://www.schwabbank.com/,
http://www.ustrust.com/, and http://www.cybertrader.com/.
DATASOURCE: Charles Schwab CONTACT: media, Greg Gable,
+1-415-636-5847, or investors, Rich Fowler, +1-415-636-9869, both
of Charles Schwab Web site: http://www.schwab.com/
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