Schwab Announces Deal With DST For Statements And Confirms; RIAs Could Get Added Branding And Personalization

Friday, March 22, 2013 09:29
edit
Schwab Announces Deal With DST For Statements And Confirms; RIAs Could Get Added Branding And Personalization

Tags: custodians | Schwab

Charles Schwab & Co., Inc. today announced that it recently signed a multi-year contract with DST Output, LLC, to produce and deliver its trade confirmations and broker-dealer, bank and tax statements, as well as provide fulfillment, direct mail and warehouse distribution services. The announcement mentions some personalization and branding capabilities that could benefit RIAs clearing through Schwab.

This Website Is For Financial Professionals Only


"DST Output demonstrated its ability to align capabilities and resources to meet Schwab's requirements, and highlighted opportunities for Schwab branches and independent registered investment advisors to personalize statement messaging and implement color options," says a press release from Schwab. 

 

The bulk of Charles Schwab 's customer communications has already been converted to DST Output, according to the press release, and just a few applications remain to be transitioned in the coming months.

 

The work is being processed across four of DST Output's facilities in California, Missouri, Massachusetts and Connecticut for rapid distribution to customers and built-in disaster recovery to ensure business continuity.

Comments (0)

Write comment

You must be logged in to post a comment. Please register if you do not have an account yet.

busy