SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation announced that it has been selected as one of FORTUNE’s top 50 World's Most Admired Companies for 2018, and was ranked No. 1 for innovation, use of corporate assets and social responsibility in the Securities and Asset Management category of the list, where it ranked No. 2 overall. The annual survey measures nine attributes related to corporate reputation and financial performance.
“We are honored to have been chosen as one of the 50 Most Admired Companies in the world and a leading firm in our industry,” commented Schwab President and CEO Walt Bettinger. “Our business strategy is based on seeing things through our clients’ eyes, and we are deeply grateful to our clients whose trust and confidence we value above all else. This recognition simply reaffirms our commitment to earning that trust and confidence each and every day.”
Schwab has regularly earned recognition for its innovation, modern wealth management capabilities, customer service and commitment to being an employer of choice. In addition to previous recognition for being a FORTUNE Most Admired Company, Schwab was ranked “Highest in Investor Satisfaction with Full Service Brokerage Firms”1 in the J.D. Power 2017 Full Service Investor Satisfaction, and No. 1 for Customer Service and Trade Reliability in the 2017 Investor’s Business Daily “Best Online Brokers”2 survey for the fifth consecutive year.
Schwab has consistently been recognized as a top place to work in major markets where Schwab has significant concentrations of employees and as a Gallup Great Workplace. Learn more about Schwab’s recognition as an employer of choice here.
1 Charles Schwab received the highest numerical score in the J.D. Power U.S. Full Service Investor Satisfaction StudySM. The January 2017 survey was based on 6,579 responses from 20 firms that measure the opinions of investors who used full-service investment institutions. Your experience may vary. Visit jdpower.com.
2 From Investor's Business Daily, January 30, 2017, ©2017 Investor's Business Daily, Inc. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited. Results based on an Investor's Business Daily ("IBD") and TechnoMetrica survey of 4,752 visitors to the IBD website between August and December 2016. Those individuals were asked to name and rate their primary online broker. Limiting data analysis to only those firms that were cited by 125 or more participants, six online brokers were ranked based on Customer Experience Index scores for thirteen separate attributes. For further information on how the ratings were calculated, see IBD's Criteria and Methodology.
FORTUNE collaborated with our partner Korn Ferry on this survey of corporate reputation. We began with a universe of about 1,500 candidates: the 1,000 largest U.S. companies ranked by revenue, along with non-U.S. companies in FORTUNE's Global 500 database that have revenues of $10 billion or more. We then winnowed the assortment to the highest-revenue companies in each industry, a total of 680 in 29 countries. The top-rated companies were picked from that pool of 680; the executives who voted work at the companies in that group.
To determine the best-regarded companies in 52 industries, Korn Ferry asked executives, directors, and analysts to rate enterprises in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent. A company’s score must rank in the top half of its industry survey to be listed.
Results were not published in the following categories owing to insufficient response rates: Cable and Satellite Providers, Petroleum Refining, Pipelines, and U.S. Energy.
To select our 50 All-Stars, Korn Ferry asked 3,900 executives, directors, and securities analysts who had responded to the industry surveys to identify the 10 companies they admired most. They chose from a list made up of the companies that ranked in the top 25% in last year’s surveys, plus those that finished in the top 20% of their industry. Anyone could vote for any company in any industry.
The difference in the voting rolls explains why some results can seem at odds with each other. For example, Deere fell off the All-Star list but moved up one notch within the construction and farm machinery category when votes from only those in that industry were counted.
About Charles Schwab
At Charles Schwab we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients’ goals with passion and integrity.
About The Charles Schwab Corporation
Through its operating subsidiaries, The Charles Schwab Corporation (NYSE: SCHW) provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.sipc.org) and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; compliance and trade monitoring solutions; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at www.schwab.com and www.aboutschwab.com
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