SAN FRANCISCO, March 5 /PRNewswire/ -- Charles Schwab & Co., Inc. today announced the company received the 1998 Financial Web Site of the Year award from Financial NetNews, a leading financial newsletter for corporate and financial services professionals. Schwab's Web site, www.schwab.com, was voted the most comprehensive financial site for its convenience, customer service, international reach, research tools and leadership in Internet initiatives. Schwab, the nation's largest provider of online investing services, was honored for the second consecutive year based on industry analysts' recommendations and Financial NetNews' editorial and readership feedback.
Last month, the company reported that it experienced unprecedented growth during the month of January, with an average of 153,000 online trades per day placed through its Web site and a record 1.2 billion hits on Schwab.com. "Schwab is dedicated to continually making improvements to the company's Web site to optimize our customer's online experience," said Martha Deevy, senior vice president of marketing for Schwab's Electronic Brokerage Enterprise. "Our team focuses on providing robust content, features and functionality that our customers need."
Financial NetNews is one of 22 weekly, bi-weekly and monthly newsletters offered by Institutional Investor, Inc. Each issue covers the sales, product development, security and regulatory challenges facing financial firms operating on the Web. Institutional Investor Newsletters are written for leaders of the financial community. Founded in 1967, Institutional Investor provides insight on current industry trends and developments to corporations and governments that need capital, the institutions that invest capital and the bankers, brokers and fund managers who serve as their advisers. Financial NetNews is available online at www.financialnetnews.com.
Charles Schwab & Co., Inc., serves over 2.2 million active online accounts with $174 billion in online customer assets. Schwab provides a full-service investing experience to customers through a multi-dimensional offering of the Internet, 293 branch offices, speech recognition and touch-tone telephone technologies, multilingual and international technologies, and direct access
to professionals around-the-clock. Schwab online investors transact over $6 billion in securities value through www.schwab.com each week -- making Schwab one of the largest e-commerce businesses in the nation. Schwab has won numerous awards for its leadership in technology, including the Gartner Group's 1997 Excellence in Technology Award, the Global Information Infrastructure Award for Top Commerce site and the CIO 100 Award. Schwab has been a pioneer in online investing and has been a leader in customer technologies for 14 years. Member SIPC/NYSE. (0299-0688) SOURCE Charles Schwab & Co., Inc.
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/CONTACT: Rebecca Metz of Charles Schwab, 415-636-0421, or
rebecca.metz@schwab.com; or Maxine Gisinger of Cunningham Communication, Inc., 650-858-3748, or mgisinger@ccipr.com, for Charles Schwab/
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