American Century is leader of online pack

FEB 04, 2008
By  Bloomberg
When Henry David Thoreau gazed out at Walden Pond and thought, "Simplify, simplify," he probably never imagined that would apply to opening online accounts. But it did, leading American Century Investments to be named the online leader among nine top mutual fund companies that sell directly to consumers. Corporate Insight, a New York-based financial services consulting firm, said the Kansas City, Mo.-based fund company achieved perfect scores on the evaluation criteria of accessibility, usability and features. "All fund selection assistance, help features and resources were streamlined into the process, minimizing excess navigation and ensuring that prospective applicants will have a smooth experience with as little or as much help as they need throughout," said Lauren Wistrom, a senior analyst at Corporate Insight and the author of the report. American Century created its online account-opening program three years ago, and more than 30% of accounts are now created online. Customers can start conventional and IRA accounts, as well as Section 529 and brokerage accounts. Other fund providers examined were Dreyfus Corp., Fidelity Investments, ING Investment Management, Janus Capital Group Inc., RS Investments, T. Rowe Price Group Inc., The Vanguard Group Inc. and Wells Fargo Investments LLC.

Latest News

Investing in stocks? Here are the top 8 questions you need to answer before you start
Investing in stocks? Here are the top 8 questions you need to answer before you start

Looking to refine your strategy for investing in stocks in the US market? Discover expert insights, key trends, and risk management techniques to maximize your returns

Indivisible Partners selects DPL to arm advisors for insurance business
Indivisible Partners selects DPL to arm advisors for insurance business

The RIA led by Merrill Lynch veteran John Thiel is helping its advisors take part in the growing trend toward fee-based annuities.

RIA M&A stays brisk in first quarter with record pace of dealmaking
RIA M&A stays brisk in first quarter with record pace of dealmaking

Driven by robust transaction activity amid market turbulence and increased focus on billion-dollar plus targets, Echelon Partners expects another all-time high in 2025.

New York Dems push for return of tax on stock sales
New York Dems push for return of tax on stock sales

The looming threat of federal funding cuts to state and local governments has lawmakers weighing a levy that was phased out in 1981.

Human Interest and Income Lab streamline workflows for retirement-focused advisors
Human Interest and Income Lab streamline workflows for retirement-focused advisors

The fintech firms' new tools and integrations address pain points in overseeing investment lineups, account monitoring, and more.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.