NU Online News Service, Jan. 15, 12:23 p.m. – The Charles Schwab Corp., San Francisco, is reporting a $13 million net loss for the fourth quarter of 2001 on $1.1 billion in revenue, compared with $139 million in net income on $1.3 billion in revenue for the fourth quarter of 2000.

The brokerage company has a unit that serves independent financial advisors, and another unit to provides investment services for employer-sponsored retirement plans.

Investment manager assets increased to $235 billion Dec. 31, 2001, up 2% from a year earlier, while retirement plan assets fell 3%, to $97 billion, Schwab says.

But assets invested through the Schwab AdvisorSource investment manager referral program increased 30%, to $13 billion, and retirement assets invested through the SchwabPlan 401(k) plan program increased 6%, to $17 billion, Schwab reports.