LYCOS RETRIEVER
Charles R. Schwab: Charles Schwab Corporation
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Schwab Institutional is a leading provider of custodial, operational and trading support for independent fee-based investment advisors. This year marks Schwab InstitutionaI's 20th anniversary serving the independent investment advisor industry. Since 1987, Schwab Institutional has supported independent investment advisors by offering support and services to help grow their businesses and help their clients reach their financial goals. As of December 31, 2006, client assets custodied with Schwab Institutional stood at $502 billion. These assets, managed by the approximately 5,000 independent advisor firms Schwab Institutional currently serves, represent approximately one-third of total client assets custodied with The Charles Schwab Corporation.
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By the time Schwab completed his business degree, he understood a thing or two about stocks, investments, and the exclusivity of the stock market to the very wealthy. He decided to change this, and in 1974, he became the founder and chairman of Charles Schwab Corporation. Opening the first discount brokerage firm in the United States, Schwab made a business career move that ultimately increased market participation to eight million investors worldwide.
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The Charles Schwab Corporation announced that its Board of Directors has declared a regular quarterly cash dividend of $0.05 per common share. The dividend is payable February 22, 2008 to stockholders of record February 8, 2008.
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Alan J. Weber is chairman and chief executive officer of U.S. Trust Corporation and a member of the Executive Committee of The Charles Schwab Corporation. He oversees all aspects of U.S. Trust’s businesses. U.S. Trust is a wholly-owned subsidiary of The Charles Schwab Corporation.
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