1. Industry-wide M&A Transactions as of December 31, 2013
Key:
Number of Transactions
Total AUM Acquired (millions) 70 60 50 40
$43,650 30 20 10
Average
Deal Size (millions)
$886
$1,620
$1,308
$1,685
$895
$798
$1,307
$808
Source: Schwab Advisor Services, Strategic Business Development – December 31, 2013
© 2014 Charles Schwab & Co., Inc. (Member SIPC) All rights reserved. ( )

2. Quarterly Industry-wide M&A Transactions October 1, 2012 – December 31, 2013
Key:
Number of Transactions
Total AUM Acquired (millions) 18 16 14 12 10 8 6 4 2
Average
Deal Size (millions)
$1,647
$447
$1,931
$1,103
$463
Source: Schwab Advisor Services, Strategic Business Development – December 31, 2013
© 2014 Charles Schwab & Co., Inc. (Member SIPC) All rights reserved. ( )

3. Percentage of M&A Transactions by Buyer Type as of December 31, 2013
Source: Schwab Advisor Services, Strategic Business Development – December 31, 2013
© 2014 Charles Schwab & Co., Inc. (Member SIPC) All rights reserved. ( )