Document management capabilities from NetDocuments added to Integrated
Schwab Performance Technologies (SPT), a subsidiary of The Charles
Schwab Corporation and a leading provider of technology solutions to
more than 3800 independent advisory firms, announced today enhancements
to both Schwab OpenView Integrated Office? (Integrated Office) and
PortfolioCenter®. One of the additions to Integrated Office
is document management through SPT's new agreement with NetDocuments, a
leading provider of cloud-based email and document management. Document
management provides advisors with a centralized, searchable hub in which
to store important client documents and communications. Integrated
Office includes Salesforce CRM customized for advisors, outsourced
portfolio data management and performance reporting, and real-time
Charles Schwab & Co., Inc. (Schwab) custody data.
"Document management is a core component of our vision for Integrated
Office as an out-of-the-box solution that makes it easier for advisors
to manage and outsource the technologies required to run their
businesses," said Brian Shenson, vice president of advisor technology
solutions for Schwab Advisor Services. "Many advisors today are looking
to run a paperless office and integrating document management within the
CRM is key to achieving that goal."
"We selected NetDocuments as the provider of document management because
it fits well with our approach for Integrated Office: the product is
accessible online, integrates well with Salesforce CRM, and has been
designed with the needs of professional services firms in mind," added
In addition to document management, the current release of Integrated
Office simplifies the way advisors access documents--including SPT
quarterly performance reports and Schwab custody statements--by including
them within the CRM. The release also includes capabilities for advisors
to manage and track email campaigns.
In the coming months, SPT is also planning to introduce a client portal
for Integrated Office that will provide advisors' clients with secure
access to their quarterly portfolio performance reports.
New features in PortfolioCenter 5.6 release; upcoming pilot for
The latest version of PortfolioCenter introduces a new securities data
manager that allows advisors to quickly edit, sort, and filter numerous
securities at once, saving many hours of administrative time.
"Advisors have data for hundreds of securities in their portfolio
management system, all of which need to be reviewed and confirmed each
quarter," said Shenson. "A securities data manager makes this process
run much more efficiently."
SPT is also continuing to enhance PortfolioCenter's client
presentations, including adding new formats and including billing
statements as part of the presentation package.
"We'll be adding even more flexibility and customization options in
coming releases," said Shenson.
Schwab Performance Technologies will also soon kick off the pilot phase
for PortfolioCenter Hosted, the cloud-based version of PortfolioCenter.
This hosted version of PortfolioCenter will be priced for as low as
$1200 per quarter and will have no transition costs for advisors who
custody assets with Schwab Advisor Services. Advisors interested in
being part of the pilot are encouraged to call 800-528-9595 or come by
the Schwab Center at IMPACT 2012 for a demo.
The latest enhancements to PortfolioCenter and Integrated Office will
also be available for advisors to see and learn more about in education
session at IMPACT 2012.
About Schwab Performance Technologies
Founded in 1985, Schwab Performance Technologies® (SPT) is a subsidiary
of The Charles Schwab Corporation and a leading provider of portfolio
management and accounting solutions to approximately 3,800 independent
financial advisors and investment managers. PortfolioCenter®,
PortfolioServices, and Schwab OpenView Integrated Office? are products
of SPT. An open architecture firm, SPT provides services to all
independent advisors regardless of custodial relationships. SPT also
supports third-party outsourcing providers that use PortfolioCenter as
the basis for their offering. More information is available at www.schwabpt.com.
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 StudySM 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 www.schwab.com
Follow us on Twitter: @Schwab4RIAs
Read our corporate blog: SchwabTalk
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.
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.
Third party firms and representatives are not affiliated with or an
employee of the Charles Schwab Corporation. Their mention is not, and
should not be construed as a recommendation, endorsement or sponsorship
by the Charles Schwab Corporation. Experiences expressed are no
guarantee of future performance or success and may not be representative
of your experience.
Lindsay Tiles, 415-667-0479