Schwab Advisor ServicesTM Announces Recipients of 2019 Operational Excellence Awards
August 27 2019 - 8:00AM
Business Wire
Schwab Advisor Services announced the winners of its second
annual Operational Excellence Awards that honor independent
advisory firms for superior use of technology to increase firm
productivity and efficiency, enhance and modernize the client
experience, and shield employees and clients from fraud.
The awards were distributed onstage at Schwab’s 2019 SOLUTIONS®
events, a series of one-day workshops across the country where
approximately 2,000 advisors learn about the latest Schwab
technology tools and resources as well as best practices for
maximizing operational efficiency.
This year’s winners are:
Award Winner
City
Purus Wealth Management
Los Angeles
Chicago Partners Wealth
Advisors
Chicago
Rappaport Reiches Capital
Management
Chicago
FPC Investment Advisory
San Francisco
“Increasingly, firms are unleashing the power of technology to
create greater scale and supercharge business growth,” said Andrew
Salesky, senior vice president and head of digital advisor
solutions, Charles Schwab. “We are thrilled to recognize these four
firms for their commitment to digitization, automation, and
technology adoption. Their success demonstrates that, when
implemented thoughtfully and strategically, technology not only
promotes efficiency, but frees up advisors to spend time on what
matters most: serving investors.”
Across the industry, advisory firms are taking steps to reap the
benefits of technology. According to Schwab’s 2019 RIA Benchmarking
Study, leveraging technology to improve productivity is a top
priority for advisors. In fact, the study found that over the past
five years, firms have increased the number of clients per
professional and decreased time needed for operations and
administration. Schwab’s latest Independent Advisor Outlook Study
reveals a similar enthusiasm for technology. Nearly 60% of advisors
plan to implement new technology this year, with the ultimate goals
of serving more clients, reducing manual work, focusing employees
on value-added tasks, and enhancing security.
To honor the Operational Excellence Award winners, Schwab will
make a donation to the Foundation for Financial Planning in each
firm’s name.
About Charles Schwab
At Charles Schwab we believe in the power of investing to help
individuals create a better tomorrow. We have a history of
challenging the status quo in our industry, innovating in ways that
benefit investors and the advisors and employers who serve them,
and championing our clients’ goals with passion and integrity. More
information is available at www.aboutschwab.com. Follow us on
Twitter, Facebook, YouTube and LinkedIn.
Disclosures
Through its operating subsidiaries, The Charles Schwab
Corporation (NYSE: SCHW) provides a full range of securities
brokerage, banking, money management and financial advisory
services to individual investors and independent investment
advisors. Its broker-dealer subsidiary, Charles Schwab & Co.,
Inc. (member SIPC, www.sipc.org), and affiliates offer a complete
range of investment services and products including an extensive
selection of mutual funds; financial planning and investment
advice; retirement plan and equity compensation plan services;
compliance and trade monitoring solutions; referrals to independent
fee-based investment advisors; and custodial, operational and
trading support for independent, fee-based investment advisors
through Schwab Advisor Services. Its banking subsidiary, Charles
Schwab Bank (member FDIC and an Equal Housing Lender), provides
banking and lending services and products. More information is
available at www.schwab.com and www.aboutschwab.com.
Brokerage Products: Not FDIC Insured • No Bank Guarantee •
May Lose Value
Schwab Advisor Services™ serves independent investment advisors
and includes the custody, trading, and support of Schwab.
Independent investment advisors are not owned by, affiliated
with, or supervised by Schwab. For informational purposes only.
©2019 Charles Schwab & Co., Inc. (“Schwab”) All rights
reserved. Member SIPC.
(0819-9FVK)
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190827005195/en/
Meredith Richard Schwab Corporate Public Relations 212-403-9255
meredith.richard@schwab.com
Sydney Layne The Neibart Group 718-801-8301
sas@neibartgroup.com
Charles Schwab (NYSE:SCHW)
Historical Stock Chart
From Mar 2024 to Apr 2024
Charles Schwab (NYSE:SCHW)
Historical Stock Chart
From Apr 2023 to Apr 2024