Schwab Introduces Technology Vendor Review Site for Independent Investment Advisors

  Schwab Introduces Technology Vendor Review Site for Independent Investment

Schwab OpenView MarketSquare to feature ratings and feedback from advisor


Business Wire

CHICAGO -- November 13, 2012

In order to help independent investment advisors make more informed decisions
when evaluating technology products and vendors, Schwab Intelligent
Technologies announced at IMPACT^® 2012 that it will launch a review site
featuring ratings and advisor feedback on popular providers. An extension of
the Schwab Intelligent Integration initiative, the goal for Schwab OpenView
MarketSquare (MarketSquare) is to provide advisors with guidance and support
on what Schwab’s 2012 RIA Benchmarking Study found was a top challenge for
many firms – selecting the right technology solution to meet a particular

Neesha Hathi, senior vice president of technology solutions for Schwab Advisor
Services (Photo: Busi ...

Neesha Hathi, senior vice president of technology solutions for Schwab Advisor
Services (Photo: Business Wire)

“This industry has grown by leaps and bounds over the past 5 or 10 years,
which means that there are more providers and more resources than ever
dedicated to serving independent investment advisors,” said Neesha Hathi,
senior vice president of technology solutions for Schwab Advisor Services.
“But with this proliferation of providers comes the challenge of navigating
the marketplace to find the right solutions for each particular firm’s needs.
We are creating MarketSquare as a way to provide our clients with feedback on
the vendors they are considering, based on the opinions of their peers.”

Schwab Intelligent Technologies is currently accepting technology vendor
reviews through its web site. The reviews will be gathered by Schwab
Intelligent Technologies with plans to begin posting reviews in the first
quarter of 2013. Reviews can be submitted and accessed by any advisor who
custodies assets with Schwab Advisor Services.

Advisors attending IMPACT^® 2012 are welcome to come to the Schwab Center to
get more information on submitting reviews to MarketSquare.

Other elements of Schwab Intelligent Integration on display at IMPACT 2012

In other Schwab Intelligent Integration news, integration with Tamarac, a
division of Envestnet, Inc. is now available. The integration allows for
real-time custody data from Schwab Advisor Services to be available within the
Tamarac Advisor^® Xi web-based platforms Advisor CRM^® and Advisor View^®.
Representatives from Tamarac are at IMPACT 2012 and will be providing
demonstrations of the new integration for those advisors who are interested.

Other Schwab Intelligent Integration participants providing demonstrations at
IMPACT 2012 are Advent, Black Diamond, Junxure, Salentica,, and
Schwab Performance Technologies.

Schwab Intelligent Technologies also announced today that five Microsoft
workflows are now available for download from the Schwab OpenView Workflow
Library™. Advisors can also access the current library of 28 universal
workflows. Workflows are free to download for advisors who custody assets with
Schwab Advisor Services.

About Schwab Intelligent Integration

Schwab Intelligent Integration is a multi-year initiative designed to increase
integration between disparate systems and workflows in advisors’ offices.
Schwab OpenView Integrated Office™ is a product of Schwab Performance
Technologies® and includes integration with Salesforce CRM. Schwab OpenView
Gateway™ and the Schwab OpenView Workflow Library™ are products of Schwab
Intelligent Technologies™. Participating providers in Schwab OpenView Gateway
are Junxure, Salentica,, Schwab Performance Technologies, and
Tamarac. More information about Schwab Intelligent Integration is available at

About Charles Schwab

The Charles Schwab Corporation (“Charles Schwab”) (NYSE:SCHW) is a leading
provider of financial services, with more than 300 offices and 8.7 million
active brokerage accounts, 1.5 million corporate retirement plan participants,
844,000 banking accounts, and $1.89 trillion in client assets as of September
30, 2012. The company was ranked ‘Highest in Investor Satisfaction with
Self-Directed Services’ in the 2012 US Self-Directed Investor Satisfaction
Study^SM from J.D. Power and Associates. Through its operating subsidiaries,
the company 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. (“Schwab”)(member SIPC,, 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 its Advisor Services division. Its banking
subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender),
provides trust and custody services, banking and lending services and
products. More information is available at and


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Schwab Advisor Services serves independent investment advisory firms and
includes the custody, trading and support services of Charles Schwab & Co.,
Inc., a registered broker-dealer and member SIPC. Independent investment
advisors are not owned by, affiliated with or supervised by Charles Schwab &
Co., Inc.

Schwab Intelligent Integration ("SII") is an integrated technology strategy.
Solutions leveraging SII are offered by Performance Technologies, Inc.,
(“PTI”) a subsidiary of The Charles Schwab Corporation and an affiliate of
Schwab or by participating providers in the Schwab OpenView Gateway program.

Neesha Hathi is an officer of Schwab Intelligent Technologies and Charles
Schwab Advisor Services.

Schwab Intelligent Technologies (SIT), Schwab Performance Technologies (SPT)
and CS&Co are separate companies affiliated as subsidiaries of The Charles
Schwab Corporation, but their products and services are independent from each
other. SIT and SPT’s intelligent integration solutions integrate data about
accounts custodied at CS&Co.

Participating providers in the Schwab OpenView Gateway are independent
companies that are not affiliated with SIT or any of its affiliates. They
develop interfaces needed for integration of their applications and tools,
which are then subject to validation and pilot before becoming generally
available to advisors. Their participation in Schwab OpenView Gateway is not a
recommendation or endorsement of, or referral to, the participant by SIT or
any of its affiliates. Neither SIT nor any of its affiliates makes any
representation or warranty about information furnished by any participating
provider. Advisors are solely responsible for evaluating, selecting, and
purchasing products and services offered by them.

The 2012 RIA Benchmarking Study (Study) from Schwab comprises self-reported
data from 1025 advisory firms that custody their assets with Schwab. All data
is self-reported by Study participants and is not verified or validated. Each
participating advisory firm submitted only one set of responses. The 2012
Study was fielded February and March, 2012.

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Charles Schwab
Lindsay Tiles, 415-667-0479
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