Schwab.com Receives Several Awards for Its Online Brokerage Website
March 08 2005 - 1:49PM
PR Newswire (US)
Schwab.com Receives Several Awards for Its Online Brokerage Website
Schwab Equity Ratings(R) Seen As Competitive Advantage for Firm SAN
FRANCISCO, March 8 /PRNewswire-FirstCall/ -- Charles Schwab and
Co., Inc., the brokerage subsidiary of The Charles Schwab
Corporation (NYSE:SCH) Nasdaq, one of the nation's largest
financial services companies, today announced that its Web site
Schwab.com has been awarded top honors by Corporate Insight's 2004
e-Monitor Monitor Awards report for its online Research and News
tools. Schwab.com was also recognized for its product range,
account information, online help and other online services.
Corporate Insight awarded Schwab a Gold Monitor for its research
platform, which "offers excellent form and function" based on a
combination of factors that include its proprietary Schwab Equity
Ratings, the user experience for clients accessing it, the site's
"excellent alerts system" and third-party research through
Independent Research Providers such as Argus Research; Reuters, the
global information company; Standard & Poor's; and Vickers
Stock Research as possible competitive advantages for the firm.
Available through Schwab.com's content-rich Quotes & Research
tab, Schwab Equity Ratings offer an objective assessment of
approximately 3,000 U.S. equities, more than any other major
brokerage firm. Stocks are assigned grades of A, B, C, D or F,
reflecting performance potential over the next 12 months and are
used by investors to help decide stocks to buy and sell. The
ratings assess four broad categories -- fundamentals, valuation,
momentum, and risk -- and are updated each week to reflect new
financial data and other information. Schwab organizes "A"-rated
securities into such categories as small-cap growth or financial
stocks, allowing clients to quickly find securities that may be
good investments and fill a specific hole in their portfolio.
"We're thrilled with the results because they demonstrate just how
committed Schwab is to serving independent investors," said Andrew
Salesky, senior vice president, Schwab eBusiness. "With more than
90 percent of our trades generated online, it's absolutely critical
that we provide the best tools and user experience available on the
Web and strive to go above and beyond the standard capabilities
provided by competing brokerage firms." Schwab.com Delivers
Exceptional Value to Online Customers Schwab.com also received
several additional e-Monitor Awards for its broad array of products
and enhanced tools, as well as its commitment to customer service.
They are listed below. Silver Award -- In the Product/Service Range
category, Schwab received a Silver Award for its broad array of
products and for its streamlined product tabs. The pared down
tiered account options help make new account selection easier and
more efficient. -- In the Balances/Positions/History category,
Schwab earned a Silver Award by providing real-time views of
positions and balances, a two-year transaction history and quick
access to multiple accounts in one view. -- For Online Help, Schwab
achieved Silver status for an outstanding help search feature and
excellent section-specific help throughout the site. -- In the
Special Services category, Schwab earned a Silver Award for its
strong tiered programs, with improvements to costs and services.
Bronze Award -- In the Education Centers category, Schwab received
a Bronze Award with good section-specific educational tools and
online workshops that set the industry standard. "Looking ahead,
Schwab clients will continue to benefit from features that
significantly enhance their online experience, as well as the best
research tools in the industry," continues Salesky. "We've seen
tremendous momentum with Schwab's equity ratings over the last few
years, so we know what clients want. This includes more helpful,
actionable information extended across Schwab.com." About Charles
Schwab The Charles Schwab Corporation, through its operating
subsidiaries, provides securities brokerage and financial services
to individual investors and the independent investment advisors who
work with them. With over 7 million individual investor accounts
and more than $1 trillion in client assets, The Charles Schwab
Corporation is one of the nation's largest financial services
firms. Its subsidiary Charles Schwab & Co., Inc. (member SIPC)
provides a complete range of investment services and products,
including an extensive selection of mutual funds; financial
planning and investment advice; retirement plans; referrals to
independent fee-based investment advisors; and custodial,
operational and trading support for independent fee-based
investment advisors. Its subsidiary Charles Schwab Bank, N.A.
(member FDIC) provides banking and mortgage services and products.
The Corporation's other operating subsidiaries include U.S. Trust
Corporation (member FDIC) and CyberTrader(R), Inc. (member SIPC)
.These companies' Web sites can be reached at
http://www.schwab.com/, http://www.schwabbank.com/,
http://www.ustrust.com/, and http://www.cybertrader.com/. Schwab
Equity Ratings are general guidance and not personal
recommendations for any particular investor and do not take into
account the financial, investment or other objectives or needs of,
and may not be suitable for any particular investor. Before buying,
investors should consider whether the investment is suitable.
Investors should consider Schwab Equity Ratings as only a single
factor in making their investment decision while taking into
account the current market environment. The general buy/hold/sell
guidance is relative to other rated equities only. DATASOURCE:
Charles Schwab CONTACT: Emily Kao of Charles Schwab,
+1-415-636-3464, or Web site: http://www.schwab.com/
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