This excerpt is taken from the first Mobile Monitor Update of 2012 which was released on Tuesday. For more information on our Mobile Monitor service and to download a free Mobile Finance Update reviewing all updates and enhancements that occurred in the second half of 2011, click here.
Charles Schwab launched a new version of its iPhone app in December. Its enhancements include optimization for use on the iPad. When accessed from an iPad, the app provides intuitive views of account and market information, along with competitive trading tools. However, it lacks features such as advanced charting and remote deposit capture.
Unlike the iPhone, the iPad version of the app opens to a market overview screen. Login follows the standard procedure, with a remember username option and no security check when logging in from an unrecognized device.
Once logged in, clients can view an Account Summary screen, with accounts listed in the left panel and Balances, Positions and History in the right. The default view is Positions, which offers basic holdings data along with fly-out quotes. The app also offers a Positions Chart, a visual display of holding size and performance. Detailed Balances are available, as is a two-year History.
|Account Summary – Positions with Menu||Positions Chart|
Users can search for quotes using a small fly-out accessible from the bottom-right of the screen. These can be expanded to full screen to view charts and data, and access news and option chains. Oddly, although the iPhone app offers advanced charts – expandable to full screen, with the ability to add technical indicators and comparisons – the iPad app does not offer these capabilities. Clients can also access their watch lists.
Trading capabilities match the iPhone. Clients can trade stocks/ETFs, simple options and mutual funds through separate tickets, which offer a variety of types, times and other settings.
|Quote||Trade – Stocks & ETFs|
The iPad app’s transfer tool closely resembles the iPhone app. Clients can set up one-time transfers between their brokerage and bank accounts with Schwab, as well as external accounts set up through the website. These accounts are listed in dropdown menus, with numeric keypad inputs for the amount and scroll wheels for the date.
In addition to contact information, the iPad app also offers a Branch Locator, which can use the device’s current location or a ZIP code or address input by the user. The results are displayed on a Google map, with listings in the left panel.