Charles Schwab 2006 Annual Report Download - page 2

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Forward-Looking Statements: In addition to historical information, this Annual Report to Stockholders contains “forward-looking statements” which are identied by words such as
“believe,” “anticipate,” “expect,” “intend,” “plan,” “will,” “may,” “estimate,” “aim,” “target,” and other similar expressions. In addition, any statements that refer to expectations,
projections, or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements, which reect management’s beliefs,
objectives, and expectations as of the date hereof, are necessarily estimates based on the best judgment of the company’s senior management. These statements relate to, among other
things, the company’s ability to grow revenues, margins, earnings, and net new assets (see “Letter from the Chief Executive Ofcer” and “Letter from the Chief Financial Ofcer”);
the impact on the company’s nancial position and results of operations related to the pending sale of U.S. Trust, and the company’s ability to grow relationships with U.S. households
(see “Letter from the Chief Executive Ofcer”); the company’s ability to grow client assets (see “Schwab Enterprises – Schwab Institutional” and “Letter from the Chief Financial
Ofcer”); the company’s ability to return excess capital to its stockholders, and the company’s ability to grow new accounts (see “Letter from the Chief Financial Ofcer”). Achievement
of the expressed beliefs, objectives, and expectations described in these statements is subject to certain risks and uncertainties that could cause actual results to differ materially from
the expressed beliefs, objectives, and expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this
Annual Report to Stockholders. See “Forward-Looking Statements” in Management’s Discussion and Analysis of Financial Condition and Results of Operations on page 35 in
the Form 10-K for a discussion of important factors that may cause such differences.
Table of ConTenTs
01 SchwabPurpose
17 LetterfromtheChiefExecutiveOfcer
20 SchwabEnterprises
26 ManagementCommittee
28 LetterfromtheChiefFinancialOfcer
30 FinancialHighlights
31 GrowthinClientAssetsandAccounts
33 Form10–K
i BoardofDirectors
ii CorporateContacts
 iii CorporateInformation