Microsoft Money 98 Financial Suite First to Offer Brokerage Statement Download to Consumers

REDMOND, Wash., Oct. 21, 1997 — Microsoft Corp. announced that, starting today, Microsoft® Money 98 Financial Suite users and Charles Schwab & Company Inc. customers will be able to download brokerage statement information directly from Charles Schwab to Money 98 Financial Suite, the first personal finance manager software product to offer consumers this service.

“We designed Money 98 Financial Suite to be the most complete, integrated and connected personal finance software available on the market today,” said Lewis Levin, vice president of the desktop finance division at Microsoft. “The new electronic link to brokerage houses eliminates manual updating of statement information, making it even easier for consumers to manage their personal finances.”

“We are pleased to be the first brokerage firm to connect to Money 98 Financial Suite,” said Art Shaw, senior vice president at Charles Schwab. “Many investors are interested in alternative delivery services, and providing brokerage account information through Money 98 Financial Suite helps us be responsive to their needs.”

Giving consumers access to financial institutions such as brokerage firms is not a new concept for Microsoft Money. In fact, Money 98 Financial Suite offers connections to more than 100 financial institutions – twice the number of any other personal finance software – including banks, credit unions, and credit and charge cards. Plans for Money 98 Financial Suite include adding connections with several more prominent brokerage houses, such as the following:

Accutrade Inc.


Discover Brokerage Direct

DLJ direct Inc.

E*TRADE Securities Inc.

Fidelity Brokerage Services Inc.

PaineWebber Inc.

Quick & Reilly Inc.

Smith Barney Inc.

Waterhouse Securities

Investing With Money

The connectivity with Charles Schwab and other brokerage houses rounds out a broad array of investment tools and services offered through Money 98 Financial Suite. Consumers using Money 98 Financial Suite have a direct link to Microsoft Investor ( an award-winning Web site that allows users to track and trade stocks and mutual funds, research investment opportunities and stay on top of the market. Suite users also receive a six-month subscription to Investor’s new premium services (up to a $60 value). Once users download their brokerage information, Goal Planner and Advisor FYI
personal finance guidance spring into action by analyzing users’ financial goals against their investment returns and giving them personalized guidance for making sound investment decisions.

Another online offering directly linked to Money 98 Financial Suite is the Microsoft Money Insider
Web site ( , which gives consumers a broad range of current personal finance information and resources, ranging from investments and taxes to college tuition and travel.

About Microsoft

Founded in 1975, Microsoft (NASDAQ
) is the worldwide leader in software for personal computers. The company offers a wide range of products and services for business and personal use, each designed with the mission of making it easier and more enjoyable for people to take advantage of the full power of personal computing every day.

Microsoft, Advisor FYI and Money Insider are either registered trademarks or trademarks of Microsoft Corp. in the United States and/or other countries.

Other product and company names herein may be trademarks of their respective owners.

Note to editors: If you are interested in viewing additional information on Microsoft, please visit the Microsoft Web page at on Microsoft’s corporate information pages.

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