Schwab Institutional has launched a redesigned Web site for its independent advisors.

The Web sites has expanded functionality, according to Schwab, including improved integration with Schwab Data Delivery, the company's data delivery and management application.

"We worked hand-in-hand with many of our advisor clients on the design and features of the new site to more closely mirror how they actually work," said Steve Hirsch, Schwab's vice president of Institutional Web Services. Among the new features of the site is the ability to create custom account groups, which allows advisors to organize data by household, portfolio model and other categories, according to Schwab.

The site also includes new security features that allows advisors to set permission for the functions, account information and data each employee can access.

Users of the Web site can also customize the way they view data, schedule automatic downloads and view historic balances and positions, according to Schwab.