- Home
- News
- Blog
- Opinions
- CIO Profiles
- Video
- Live Events
- Online Events
- Industry Jobs
- Product Charts
- Buyer's Guide
- White Papers
- Resource-Centers
Accelerating Wall Street 2010
May 11, 2010
Bank Systems & Technology Executive Summit 2010
October 3-6, 2010
Advanced Trading's Buy-Side Trading Summit 2010
October 17-19, 2010
Web Events:
Online Account Acquisition - What are the Drivers of Abandonment and Conversion?
March 30, 2010
Fidelity Top Online Brokerage for Customer Satisfaction, says Survey
Fidelity ranked last year as the top online brokerage in terms of customer satisfaction, according to a new survey carried out by the American Customer Satisfaction Index (ACSI) and ForeSee Results.
Number two was CharlesSchwab.com – which had tied with Fidelity at the top in 2006 - while TD Ameritrade came in at number three.
Overall, the report said customers are increasingly satisfied with the online brokerage industry. Their satisfaction is partly driven by perceived improvements in online security. But they are also getting progressively used to the convenience of conducting transactions online.
"Consumers are increasingly accustomed to the ease and convenience of conducting transactions online, and the stellar scores of the top three (all multichannel institutions) highlight the strides made in making customers comfortable with online security," said Larry Freed, president and CEO of ForeSee Results and author of the ACSI E-Commerce Report.
Meanwhile, E*Trade ranked at the bottom of the list of customer satisfaction. Freed suggested this may reflect the brokerage's presence as an online-only investment company.
"It has not established the long and trusted reputation that the other three have achieved in the offline world," he said in the report, which also covered e-retail and online travel companies.
"E*Trade attempts to distinguish itself by highlighting ease of transactions, but customers seem to prefer more established companies," he said.
But Freed said E*Trade also suffered from the bad publicity it received after reporting losses of $18 million as a result of customer account breaches. (Although TD Ameritrade also suffered a data breach in 2007).
Nevertheless, E*Trade has overall registered a 10.6% rise in its customer satisfaction score since 2000.
Posted by Melanie Rodier at 03:13 PM
This is a public forum. CMP Media and its affiliates are not responsible for and do not control what is posted herein. CMP Media makes no warranties or guarantees concerning any advice dispensed by its staff members or readers.
Community standards in this comment area do not permit hate language, excessive profanity, or other patently offensive language. Please be aware that all information posted to this comment area becomes the property of CMP Media LLC and may be edited and republished in print or electronic format as outlined in CMP Media's Terms of Service.
Important Note: This comment area is NOT intended for commercial messages or solicitations of business.
Popular Articles
- 10 Trends That Are Reshaping the Wall Street Back Office
- Examiner Sees Accounting Gimmicks in Lehman Demise
- Author Michael Lewis Equates Wall Street Bonuses with 'Theft'
- Post-Crisis, Banks Paying Close Attention to Vendor Risk When Choosing Tech Partners
- Buffett Kept Distance from Lehman
- BOX Moves to Equinix NY4 Data Center in Secaucus, New Jersey
- Fully Compliant Social Networking Site For Financial Professionals Launches
- LSE Sells 9% of Turquoise to 3 Global Banks
- CBOE Files for $300 Million IPO
- High-Frequency Traders Confident as CFTC Ramps Up Scrutiny
Tag Trends



White Papers 