Prudential Securities Inc. is offering its customers on- line financial information and advice from Standard & Poor's, and Legg Mason Inc. plans to do the same.
The two securities firms are the first to contract with S&P to use information from S&P's Personal Wealth Web site.
Prudential is offering all Personal Wealth news, stock quotes, and financial planning tools on a cobranded basis at its recently launched Prudential Advisor site. Legg Mason plans to offer a portion of the information and advice under its own brand name at its Web site.
Prudential and Legg Mason are to pay S&P undisclosed fees for the service and will bundle the information with other offerings to their customers.
S&P, a unit of McGraw-Hill Cos., charges customers $9.95 a month to use the Personal Wealth Web site directly. S&P also generates revenue from advertisers.