A survey of mutual fund Web sites shows that the number of fund companies offering on-line account information and transactions has roughly doubled since last year.
According to a survey conducted this summer of 322 mutual fund company Web sites, 14% of fund company Web sites now offer on-line transactions, versus 7% last year. And investors can get account information at 22% of the sites, compared with only 13% in 1997.
The survey was conducted this summer by McGladrey & Pullen, a New York-based accounting and consulting firm.
The number of sites is also quickly growing. This years survey found 322 sites, up from 181 in 1997.
For the first time, 50 sites dedicated to financial advisers were also surveyed, but the results were not available at press time. Full results are due this month. For more information, see www.top20mutualfunds.com.