Sweeping redesign of client account statements secures Questrade top spot among full-service and direct brokerage firms in Canada
TORONTO, Oct. 7, 2014 /CNW/ - "How am I doing?" That's the number one question Canadians have when looking at their financial statements. According to Dalbar, in their recent survey Trends & Best Practices in Investor Statements, Questrade clients are among the few in Canada to actually get the answer to that question with critical details such as account activity, fees and expenses, and that all-important question: rate of return.
As part of the survey, Dalbar ranked Questrade in the #1 position for investor statements compared to all other direct access brokerages in Canada. Questrade also secured #1 position for direct and full-service brokerages (combined).
Edward Kholodenko, President and CEO of Questrade said: "We are committed to leading the industry when it comes to full disclosure and transparency, so we are thrilled with Dalbar's rankings. We believe our clients should get a true and real picture of their account – performance and costs being two of the top requests."
Continues Kholodenko: "When we launched the redesign at the beginning of 2014, the feedback from our clients was overwhelmingly positive. Next? We'll dive into more improvements so we can continue to deliver excellence in customer service."
Questrade, Inc. is a member firm of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund.
Questrade Inc., headquartered in Toronto, provides Canadians with high-speed, direct access trading in the U.S. and Canadian stock and options markets through its IQ trading platforms, as well as forex and CFD trading. Since 1999, the company has led the industry in delivering outstanding service, exclusive products and services, and competitive pricing. This commitment to innovation has appealed to independent investors, and for the past two years, the company has ranked as Canada's fastest growing online brokerage. Since 2011, Questrade also earned the designation as one of Canada's Best Managed Companies.
SOURCE: Questrade Inc.
For further information: Lynn Suderman, Director, Communications, Tel: 416.705.5476