Charles Schwab Named Top Brokerage for Independent Investors by Smart Money Magazine, Moves Up to Third Place in Full Service Category.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--Aug. 6, 2001 Charles Schwab Charles Schwab can refer to:
tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. service. Schwab's low fees and commissions, mutual fund selection, products and services, and online services also placed the firm among the top three Full Service Brokers for "delegators"--investors with more complex needs who seek advice and a wide array of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . "Being recognized as a premium provider for both self-directed investors and those who want more advice and education is particularly gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. ," said Steve Scheid, Schwab vice chairman and Retail Enterprise president. "We offer a wide range of services and multiple ways to access them via branches, phone, online, and wireless. Clients obtain investment advice through Schwab or through our network of independent advisors. The seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. of all our services and channels makes it easy for clients to access the resources they require to make well-informed decisions, no matter what type of investor they are." SmartMoney surveyed and researched the 27 top online brokerages and the top 9 full-service brokerages for their report that appeared in the August 2001 issue. Schwab got particularly high marks for: BondSource, a tool designed to find fixed-income investments online; cutting-edge wireless technology; improved access to higher-end services through Schwab's acquisition of U.S. Trust; and Schwab.com's new natural language search engine. About The Charles Schwab Corporation The Charles Schwab Corporation, through Charles Schwab & Co., Inc.(member SIPC/NYSE), U.S. Trust Corporation, CyberTrader, Inc. and its other operating subsidiaries An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. , is one of the nation's largest financial firms serving 7.7 million active accounts with $858.3 billion in client assets. As of the second quarter of 2001, Schwab currently has 4.3 million active online accounts with $349.2 billion in assets. Schwab provides a full-service investing experience to clients through 434 domestic offices, five regional client telephone service centers, the Internet, automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. touch-tone telephone, automated voice recognition, e-mail, wireless technologies and multi-lingual and international offices. About 28% of Schwab's client assets and 10% of its client accounts are managed by the 6,000 third-party, fee-based investment Fee-Based Investment An investment account in which the advisor's compensation is based on a set percentage of the client's assets instead of on commissions. Contrast this to commission-based investment, in which the advisor makes money based on the amount of trades made or the advisors served through Schwab Institutional. The Charles Schwab, U.S. Trust and CyberTrader Web sites can be reached at http://www.schwab.com, http://www.ustrust.com and http://www.cybertrader.com respectively. (0001-11480) |
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