FOR IMMEDIATE
RELEASE: October 30, 2009
GROUP FIVE Reports Findings from
the
2009 Shareowner Services Corporate Satisfaction Study:
American Stock Transfer Achieves Top Ratings.
Summary: GROUP
FIVE has completed its annual study of United States corporate
managers’ opinions
of the services provided by security transfer agents. Over 1,200
companies participated in the study.
The highest rated of the largest agents was Computershare
Investor Services with an 81% favorable rating.
American Stock Transfer was the highest rated of the mid-size agents
and the
highest overall
with 96% of clients rating them favorably. The industry rating
of
84% favorable marks the first improvement in scores since the massive
industry consolidation of several years ago.
PRINCETON, NJ – October
30, 2009 -- GROUP FIVE, a consulting and corporate services research
company, today announced the results
of its annual study of corporate opinions of services provided
by United States security transfer agents. The annual study, which
has
been measuring client satisfaction since 1990, had 1,225 corporations
participate — representing over 33 million registered shareowners.
The study provides the only reliable and independent forum for
corporate clients to make their opinions and priorities known to
service providers.
Overall client satisfaction with transfer agents
increased three percentage points from last year to 84% favorable.
Annual meeting
services and dividend processing services were highest rated
at 93% and 92% favorable, respectively. Satisfaction with transfer
agent
fees was rated lowest at 63%, a three percentage point improvement
from last year.
Large Agent Segment
Computershare Investor Services received the highest ratings for
overall client satisfaction among agents servicing over 10 million
accounts, with a favorable rating of 81%. BNY Mellon Shareowner
Services was second highest with 79%.
Kathy Huston, Research Director,
GROUP FIVE pointed out, “Computershare
and BNY Mellon continue to show improvement in almost every area
of the study. Both organizations have come through their mergers
with improved services for both corporate clients and well as individual
investors.”
Consolidation among the U.S. transfer agents
continued this year with the purchase of National City Bank’s
stock transfer business by Computershare.
Mid-size Agent Segment
In the category of those transfer agents servicing between 2.5
and 10 million shareholder accounts, the top rated agent was once
again
American Stock Transfer and Trust. It received the highest score
for overall client satisfaction with a favorable rating of 96%.
Wells Fargo was second highest with a 92% overall satisfaction
rating.
“The investment by Pacific Equity Partners in American Stock
Transfer has greatly expanded the opportunities and potential for
AST. Wells
Fargo continues to achieve high ratings while experiencing significant
growth in its client base. Both of these agents excel in their
focus on client satisfaction,” said Kathy Huston.
The study measures satisfaction
in three major services provided by shareholder services firms. These are:
account administration,
issuer services, and shareholder services. In addition, the study
evaluates satisfaction with the cost of services, both fees and
out-of-pocket expenses, as well as corporate loyalty to service
providers.
The study included the six largest transfer agents,
in terms of the number of shareholder accounts managed. They
are: BNY
Mellon
Shareowner
Services, Computershare Investor Services, Wells Fargo Shareowner
Services, American Stock Transfer and Trust Company, Registrar
and Transfer, and National City Bank.
GROUP FIVE is a consulting
and customer research firm located in Princeton, New Jersey.
The firm is best known for its consulting
and research expertise in shareholder services and equity
compensation plan administration services.
No advertising or other
promotional use can be made of the information in this release
or Group Five survey results
without the express
prior written consent of Group Five, Inc.
###
Company Contact: |
Kathy Huston |
609-924-4554 |
|
|
www.groupfiveinc.com |
|