| //02-22-2010 |
E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) released its Monthly Activity Report for January 2010. The Company ended the month with more than 2.6 million U.S. brokerage accounts - including gross new brokerage accounts of 31,494 - and more than 4.4 million total accounts. U.S. brokerage accounts decreased by 2,392 in the month, including a reduction of 5,870 escheated accounts. Daily Average Revenue Trades ("DARTs") from U.S. operations for January were 172,445, an increase of 21 percent from December and up four percent from the year ago period.
U.S. net new brokerage assets were positive $0.6 billion in the month, reflecting the Company's focus on growing the online brokerage business. During the month, customer security holdings declined by four percent, or $4.4 billion, and brokerage-related cash declined by $0.5 billion to $20 billion. Customers were net buyers of approximately $1.4 billion in securities in January. Bank-related cash and deposits declined by $0.4 billion, as the Company continued to execute its ongoing strategy to reduce bank-related deposits.
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| //02-19-2010 |
Online investing firm to provide free educational conferences in 22 cities in 2010
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| //02-19-2010 |
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of January 2010 include:
* Net new assets brought to the company by new and existing clients in January 2010 totaled $6.0 billion.
* Total client assets were $1.401 trillion as of month-end January, up 27% from January 2009 and down 2% from December 2009.
* Client daily average trades were 354.7 thousand in January 2010, up 8% from January 2009 and up 23% from December 2009.
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| //02-18-2010 |
Morgan Stanley (NYSE: MS) announced today that its dedicated infrastructure group, Morgan Stanley Infrastructure Partners, will acquire a 40 percent economic stake and a 50 percent voting stake in Southern Star Central Corp., parent company of Southern Star Central Gas Pipeline (Southern Star), an interstate natural gas pipeline and storage operation servicing the Midwest region of the U.S. Southern Star is the primary gas transmission and storage facility provider for several major Midwest cities and power generation providers. Southern Star serves the major metropolitan areas of Kansas City, Springfield, St. Louis, St. Joseph and Joplin, Missouri; and Kansas City, Wichita, Topeka and Lawrence, Kansas. Southern Star serves its customer base primarily under long term contracts, which provide for a stable and predictable cash flow profile.
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| //02-18-2010 |
SAN FRANCISCO--(BUSINESS WIRE)--As independent investment advisors become more focused on succession planning and mergers and acquisitions (M&A), Charles Schwab and Co., Inc., a leading provider of custodial, operational and trading support for approximately 6,000 registered independent advisors (RIAs), is releasing two new and instructive Schwab Market Knowledge Tools® (MKT) reports to help advisors implement succession planning, value their firms and understand (M&A) deal structure.
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| //02-18-2010 |
E*TRADE FINANCIAL Corp. (NASDAQ: ETFC) announced that E*TRADE Capital Management, LLC, has expanded its high-quality advice offerings with the addition of actively managed portfolios of leading, non-proprietary mutual funds or ETFs, which allocate assets based on the customer's investment profile.
Managed Investment Portfolios make one-on-one professional portfolio management accessible to investors with an investment of $25,000 or more - a fraction of what many investment advisers require to access their services. Leveraging the asset allocation expertise of industry leader PNC Managed Investments, the mutual fund and ETF portfolios offer a range of investment styles from conservative to aggressive growth and feature automatic rebalancing to ensure proper diversification.
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| //02-11-2010 |
Charles Schwab & Co. Inc., a leading provider of custodial, operational and trading support for approximately 6,000 registered investment advisors (RIAs), reported that it held 153 practice management and technology events attended by more than 3,000 advisors in 2009, double the number it held in 2008. The regional events, held in addition to Schwab’s larger advisor gatherings such as IMPACT®, covered a range of topics key to running an independent advisory firm, including growth and productivity strategies, client communication techniques, advisor M&A, technology, and integrating advisors turning independent into an existing firm.
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| //02-10-2010 |
CHICAGO--(BUSINESS WIRE)--According to a new Charles Schwab survey, over half of Chicago investors think the recession will continue for at least another year. Only 5 percent believe the recession has already ended.
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| //02-05-2010 |
Online investing firm provides personal customer service at new branch office on County Line Road
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| //02-05-2010 |
More than 3,700 international stocks now offered for online trading
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| //02-05-2010 |
Wells Fargo Becomes First Major U.S. Financial Institution to Enable Customers to Connect to Accounts with Text Banking, Without a Need to Have a Personal Computer or An Enrollment in Online Banking
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| //02-05-2010 |
T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) reported its fourth quarter 2009 results, including net revenues of $543 million, net income of $153 million, and diluted earnings per common share of $.57. On a comparable basis, net revenues were $416 million in the fourth quarter of 2008 when net income was $24 million and diluted earnings per common share was $.09.
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| //02-05-2010 |
Second Annual Speaker Series with Haas School of Business Brings Thought Leaders to UC Berkeley Campus
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| //02-01-2010 |
SAN FRANCISCO--(BUSINESS WIRE)--The Board of Directors of The Charles Schwab Corporation has declared a regular quarterly cash dividend of $0.06 per common share. The dividend is payable February 26, 2010 to stockholders of record February 12, 2010.
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| //02-01-2010 |
Morgan Stanley (NYSE: MS) Smith Barne announced the appointment of Matthew Comyn as Chief Executive Officer of its Australian wealth management business. His appointment comes as Morgan Stanley Smith Barney continues to add high quality advisers and build its platform and presence in the Australian market.
Mr. Comyn brings extensive experience and expertise including his most recent role of Managing Director of Commonwealth Securities (Commsec). He will commence his new position in the last week of February
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| //02-01-2010 |
E*TRADE FINANCIAL Corporation Announces Fourth Quarter and Full-Year 2009 Results
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| //01-29-2010 |
Online investing firm provides personal customer service at new office on Lake Murray Boulevard
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| //01-29-2010 |
SAN FRANCISCO--(BUSINESS WIRE)--Confirming the growing appeal of the independent investment advisor industry, Schwab announced today that it has helped more than 500 advisor teams convert to independence since the company began focusing on this segment in 2005. These teams manage $45.5 billion of the total $590 billion currently custodied at Schwab. In 2009, Schwab had a record year, supporting 172 new advisory teams as they either started or joined an independent firm, a 40 percent increase from 2008.
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| //01-29-2010 |
James P. Gorman, President and Chief Executive Officer of Morgan Stanley (NYSE: MS), will present at the first annual Morgan Stanley U.S. Financials Conference in New York on Tuesday, February 2, at 12:40 p.m. Eastern Time. Both live and on-demand versions of the webcast will be available. To access the webcast, please go to the Investor Relations section at www.morganstanley.com.
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| //01-29-2010 |
E*TRADE FINANCIAL Corporation (NASDAQ:ETFC) announced that Joseph M. Velli, Chairman and Chief Executive Officer of BNY ConvergEx Group, LLC ("ConvergEx"), has joined the Board of Directors of E*TRADE FINANCIAL Corporation and the Board of Directors of E*TRADE Bank. His appointment fills the open Board seats formerly held by Donald H. Layton who retired at the end of 2009.
"Joe is a highly respected financial services executive with a rare mix of consumer banking, global securities processing, sales and marketing, and electronic trading expertise," said Robert Druskin, Chairman and interim Chief Executive Officer, E*TRADE FINANCIAL Corporation. "E*TRADE is fortunate to have Joe's experience and guidance as we embark on our next phase of growth."
ConvergEx, a leading financial technology company, was formed in October 2006 through the combination of Eze Castle Software, a highly regarded provider of investment technologies, and The Bank of New York Mellon's institutional brokerage business.
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