The Charles Schwab Corporation
Industry: Investment Services

Founded in 1974, The Charles Schwab Corporation (NYSE:SCH), through Charles Schwab & Co., Inc. (member SIPC/NYSE), U.S. Trust Corporation, CyberTrader, Inc. (member SIPC/NASD) and its other operating subsidiaries, is one of the nation's leading financial services firms serving 8.0 million active accounts with $833 billion in client assets through 430 domestic offices, six regional client telephone service centers and automated telephonic and online channels. About 25 percent of Schwab's client assets are managed by the 6,000 third-party, fee-based investment advisors served through Schwab Institutional. Schwab also offers a wide range of retirement plan services, including defined contribution plan investing, recordkeeping, and trustee services (through The Charles Schwab Trust Company) and makes available self-directed brokerage accounts (through Charles Schwab & Co., Inc.).

Business Summary
The Charles Schwab Corporation (CSC) engages, through its subsidiaries, in securities brokerage, banking and related financial services. The Company provides financial services to individuals and institutional clients through three segments: Individual Investor, Institutional Investor and U.S. Trust. The Individual Investor segment includes CSC's retail brokerage and banking operations. The Institutional Investor segment provides custodial, trading and support services to independent investment advisors (IAs), serves company 401(k) plan sponsors and third-party administrators, and supports company stock option plans. The U.S. Trust segment provides investment, wealth management, custody, fiduciary and private banking services to individual and institutional clients. On October 29, 2004, the Company sold its capital markets business, consisting of the partnership interests of Schwab Capital Markets L.P. and all of the outstanding capital stock of SoundView Technology Group, Inc.

Financial Summary
The Charles Schwab Corp., through its subsidiaries, is engaged in securities brokerage, banking and related financial services. For the nine months ended 9/30/05, revenues increased 5% to $3.28B. Net income from cont. ops. totaled $538M, up from $233M. Revenues reflect an increase in total client assets and a rise in non-trading sales. Higher income also reflects an improvement in operating margin.