Schwab upgrades; TD Ameritrade offers deal
Charles Schwab has upgraded its online trading system, and TD Ameritrade Institutional is offering advisers preferred pricing for donor-advised funds
Schwab updates online tools
Charles Schwab & Co. Inc. this week announced several enhancements to its online trading system, which is available via StreetSmart.com.
The San Francisco-based company says that the changes are meant to help advisers and investors manage their trading activity amid current the market volatility.
Among the specific upgrades is bracket ordering for equity trades. This feature allows a trader to set predefined profit and loss targets. These settings remain in force even when a user is not online.
Customizable alerts have also been added to track market activity and flag trading opportunities, using charts and watch-lists that appear as separate windows on a user’s main desktop.
Using drop-down menus, traders can create specific scenarios that will trigger an alert, for instance if a price threshold is reached on a certain stock.
The company has redesigned the chart analysis tools on the desktop to improve ease of use and increase efficiency. Other features were added such as volume and price alerts on charts that can be managed from the drop down menu.
For more information visit Schwab online.
TD Ameritrade’s Veo platform supports donor-advised funds
To help its registered investment advisers get their clients into donor-advised funds, TD Ameritrade Institutional of Jersey City, N.J., announced this week a partnership with the American Endowment Foundation to provide preferred pricing.
Donor-advised funds are the fastest growing charitable giving vehicle, according to a National Philanthropic Trust study from 2007.
The agreement makes it possible for TD Ameritrade RIAs to administer and actively manage a customized portfolio within the Veo platform.
Donors can receive secure web access to their accounts via the endowment’s website, where they can view online grants and recommendations as well as gift history and account balances.
Donor advised funds are available to TD Ameritrade Institutional advisers’ clients with an initial contribution of $100,000. The AEF of Hudson, Ohio, accepts donations of $10,000 or more as an initial contribution.
For more information visit TD Ameritrade Institutional and the American Endowment Foundation online.
Davis D. Janowski is the technology reporter for InvestmentNews.
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