Questrade wins prestigious award as one of Canada's 50 Best Managed Companies
February 21, 2012 Business News(PRLEAP.COM) Toronto, ON (February 21, 2012) Topping off a year of unprecedented growth, today Questrade announced it is a winner of the prestigious Canada's 50 Best Managed Companies for 2011. This national award selects companies that exemplify world-class business practices and deliver value for partners, clients and employees.
Edward Kholodenko, President and CEO of Questrade said: "Since founding this company over ten years ago, the management team has maintained a single, simple goal for Questrade: empower individual investors by transforming online brokerage services. This clear mission resonates with our staff and our clients. We are passionate about what we do, and this translates into exceptional service for our clients and sustainable growth for the company."
"We believe that there are three vital building blocks to sustainable growth: strategy, capability, and commitment; Questrade has demonstrated it is a model of success in all three areas and is duly recognized as one of Canada's Best Managed Companies," explained John Hughes, Partner, Private Company Services group with Deloitte, a national sponsor of the Best Managed program.
Questrade's core principles have led to numerous firsts in the online brokerage industry: the first to offer gold bullion trading, the first to offer U.S. currency in registered savings accounts, the first to offer stock trades for $4.95, and the first to offer rebates on mutual fund trailer fees.
Kholodenko states that this win confirms the firm's continued commitment to providing Canadians with innovative brokerage services at unprecedented value and convenience. "We are thrilled to be recognized by the Best Managed program. This award is testament to the dedication to excellence by our entire team. We will continue to deliver on our promise, and in 2012, we will be launching our most innovative products and services ever."
Questrade Inc., headquartered in Toronto, provides Canadians with high-speed, direct access trading in the U.S. and Canadian stock and options markets as well as forex trading. Since its inception in 1999, the company has grown and diversified, and is currently ranked as Canada's fastest-growing online brokerage. The company continues to demonstrate its competitive leadership with a combination of outstanding service, advanced technology and competitive pricing structures. Questrade is a member firm of IIROC (Investment Industry Regulatory Organization of Canada) and the CIPF (Canadian Investment Protection Fund). www.Questrade.com
About Canada's Best Managed Companies
Canada's 50 Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $10 million. Every year since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices. The awards are granted on four levels: 1) Best Managed winner (one of the 50 new winners selected each year); 2) Requalified member (repeat winners retain the Best Managed designation for two additional years, subject to annual operational and financial review); 3) Gold Standard member (winners that retain the Best Managed designation for 4-6 consecutive years); 4) Platinum Club member (winners that maintain Best Managed status for a minimum of six consecutive years). Program sponsors are Deloitte, CIBC, National Post, and Queen's School of Business. For further information, visit www.canadas50best.com.