Charles Schwab's Technology Upgrade Keeps Investment Advisers On Line
SELL-SIDE SERVICES
SAN FRANCISCO--Charles Schwab's technology budget jumped 50 percent in 1997 to $300 million, driven largely by the discount broker's wholehearted endorsement of on-line trading technologies. The company's best known efforts in this area have been programs such as its discount brokerage service, E-Schwab, and its electronic service for investment advisers, SchwabLink Web.
The SchwabLink service has been in the midst of a conversion from a proprietary platform since last October, and the company
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