Surviscor Inc.

Surviscor Inc.

November 21, 2014 10:01 ET

BMO InvestorLine Provides the Best Online Discount Brokerage Services in Canada According to Surviscor Rankings

TORONTO, ONTARIO--(Marketwired - Nov. 21, 2014) - For the second time in as many reviews, BMO InvestorLine is the top ranked firm for online discount brokerage services in Canada according to Surviscor's 2014 Online Discount Brokerage Review. The review is the most comprehensive analysis in Canada providing an impartial assessment of online features and functionality at Canadian online discount brokerage institutions. Scotia iTRADE secured second place while past winner Credential Direct returned to the top three.

2014 Surviscor Online Discount Brokerage Rankings
1 BMO InvestorLine 90%
2 Scotia iTRADE 84%
3 Credential Direct 77%
4 Qtrade Investor 76%
5 RBC Direct Investing 74%
6 Questrade 73%
7 CIBC Investor's Edge 72%
8 TD Direct Investing 70%
9 Desjardins Online Brokerage 67%
10 National Bank Direct Brokerage 66%
11 Virtual Brokers 64%
12 HSBC InvestDirect 44%
13 Laurentian Bank Discount Brokerage 30%

"We decided to produce one review this year and focused the additional time on expanding the analysis while re-designing the categories and associated weighting to better reflect the current online customer experience," said Glenn LaCoste, President of Surviscor Inc. "The industry continues to re-introduce itself with more attractive online offerings and we congratulate BMO InvestorLine for continuing to adjust its product and service offering to meet ever-changing customer needs in this highly competitive industry" added Mr. LaCoste.

"We're thrilled to be recognized by Surviscor for the second year in a row," said Julie Barker-Merz, President, BMO InvestorLine. "Receiving this award is a recognition of BMO InvestorLine's ongoing efforts to provide Canadians with an exceptional online investing experience and is a testament to the hard work and dedication of our team."

Surviscor's proprietary scorCard methodology measures over 4000 objective usage-related criteria questions, up 18% from 2013, along with an enhanced cost of services analysis that reviewed over 12,000 individual stock, options, ETF and mutual fund trades from ten unique customer equity and transaction level profiles.

BMO InvestorLine received four category awards, including the 'Getting Started and Website Transactions' categories, while Scotia iTRADE, CIBC Investor's Edge and TD Direct Investing each received individual category awards. Surviscor's next discount brokerage project, the inaugural mobile brokerage scorCard, will be conducted in the upcoming months.

For further information visit www.surviscor.com or contact Surviscor at 1-866-299-7267 or email results@surviscor.com.

About Surviscor Inc.

Surviscor Inc. is a Canadian leader in the analysis and ranking of Canadian online services offered to retail consumers. Surviscor produces seasonal feature and functionality audits, including its prominent Online Banking and Mobile Banking scorCards. All studies and analyses serve as industry benchmarks for consumers and industry participants by identifying online offerings considered to be leading-edge as compared to the industry standard.

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