After two years in development, A.G. Edwards has finally unveiled its new account statement, which includes asset allocation charts, more detailed reporting and some customization features.
A.G. Edwards reps and clients began receiving the new statements for the period ended in March.
“Our FCs were telling us that their clients were asking for certain items on their statements that we weren't reporting,” says Charles Zurfluh, the firm's senior vice president of branch operations.
Among the new features are:
- A portfolio at-a-glance section with graphic information about asset allocation,
- A retirement account summary that shows contributions and distributions,
- Ticker symbols and flags next to securities for which research is available,
- An expanded cash-flow summary that reports money in and money out of accounts for the period, and
- An area to list assets not held by the firm.
Reps can also do some customization for clients by request, Zurfluh says. Large fixed-income holders can receive a bond maturity bar chart, for example, or activity can be shown chronologically or by type of account.
“I like it,” says an Ohio-based A.G. Edwards rep. “Given the turbulent times we've had, we needed more detail in terms of reflecting old values versus new values and what areas had a significant change in value. I'm glad they addressed this.”