Scottrade, Inc. Ranks Number 83 on 2014 InformationWeek Elite 100

ST. LOUIS --(Business Wire)--

Online investing services company Scottrade, Inc., last night was ranked number 83 on the 2014 InformationWeek Elite 100 - a list of the top business technology innovators in the U.S.

"The creation and development of FRIP would not have been as smooth without the business and IT working together in lock step to make it work," said Ian Patterson, Scottrade's chief information officer. (Photo: Business Wire)

The company made the list for its behind-the-scenes technical development and creation of the Flexible Reinvestment Program (FRIP^TM). Aligned with the Future-State methodology, Scottrade's IT and business departments worked closely to deliver this program to Scottrade's millions of clients.

"In an effort to provide clients with engaging experiences, Scottrade wanted to find a way not only to create a program to help clients reinvest dividends, but also build an exclusive program that sets it apart from competitors," said Ian Patterson, Scottrade's chief information officer. "The creation and development of FRIP^TM would not have been as smooth without the business and IT working together in lock step to make it work."

FRIP^TM provides clients with greater flexibility to reinvest accumulated dividends from publicly-traded companies. In order to break away from the industry-standard dividend program of requiring dividends to be reinvested in the same security owned, Scottrade's innovative system that pools the value of the dividends and allowing clients to purchase up to five eligible* securities at a time.

One of the keys of this project's success was that it was developed and delivered quickly for clients to use. Clients have provided very positive comments about the program through Scottrade's social media channels and independent blogs.

Technology enhancements to the company's trading tools and programs are fueled by input from clients. Their feedback through the Scottrade^® Online Community and other channels, both online and in person, inspires and prioritizes the work of the company's digital solutions and information technology teams. When it's time to build new tools, just as when building FRIP^TM, Scottrade relies on client usability testing to ensure its new tools are easy to use.

"The digital business movement is a force CIOs can't ignore. Digital businesses are adept at using the web in conjunction with mobile, social, analytics, and other technologies to not only boost sales, but also change their relationships with customers," sid InformationWeek Editor In Chief Rob Preston. "The 2014 InformationWeek Elite 100 highlights companies that are leading this digital business revolution, redefining business models and reshaping industries."

This is InformationWeek's 26th year identifying and honoring the nation's most innovative users of information technology. For 2014, this assessment was narrowed to a more elite 100 organizations. Our InformationWeek Elite 100 research tracks the technology-based investments, strategies, and results of some of the best-known organizations in the country. Unique among corporate rankings, the InformationWeek Elite 100 spotlights the power of business technology innovation.

Additional details on the InformationWeek Elite 100 can be found online at http://www.informationweek.com/elite100.

About InformationWeek

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About Scottrade, Inc.

A leading investing services company founded in 1980, Scottrade's mission is to improve lives by helping people overcome barriers to financial success. Through a large, nationwide branch network, Scottrade partners with millions of clients, offering them the solutions and support they need to take control of their long-term investing and trading needs. For more, visit about.scottrade.com, www.scottrade.com or talk to us via social media. Member FINRA/SIPC.

* Marginable equities are eligible with the Program Balance, as defined in the Flexible Reinvestment Program™ Terms and Conditions.