Latest Blog Posts
|Join Our Mailing List|
In the NewsCorporate Insight is frequently in the news, whether to announce and discuss our published research or to offer our views on topics within our areas of expertise. Scroll down this page to read the latest articles in which we’ve appeared, and use our News Archive to find previous items.
|Wirehouses Go Big On Tech|
|Wednesday, 06 February 2013 13:41|
By Andrew Osterland
Aware of this growing market, two of the largest Wall Street banks — Bank of America Corp. and Wells Fargo & Co. — have been investing heavily in online platforms targeting self-directed investors, most of whom use rival discount brokers such as Charles Schwab & Co. Inc., Fidelity Investments and TD Ameritrade Inc. They have some prickly issues of channel conflict to consider, but both are forging ahead with cheaper and increasingly powerful web-based tools for investors.
“The full-service brokers understand they need to be better with their websites, and they're taking steps to address it,” said James McGovern, an analyst with consultant Corporate Insight, who has been assessing financial services websites since 1999. “They've made a lot of progress.”