| //06-25-2009 |
-Charles Schwab, in collaboration with CFO Research Services, today released the details of a new study “Getting Retirement Savings Back on Track: Employer Views on the 401(k) and Financial Education in the Workplace,” which reveals that a majority of senior finance and human resource executives in corporate America support the 401(k) as an effective savings tool for retirement. According to the study, employers believe they play a role in improving the 401(k) as a benefit for employees, including making 401(k)-specific and general financial education more available in the workplace.
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| //06-25-2009 |
Online investment firm honored for dedication to associate training and development
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| //06-25-2009 |
E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) released its Monthly Activity Report for May and provided an intra-quarter update on its loan portfolio delinquencies and certain key financial and balance sheet metrics.
The Company ended May with record total accounts of more than 4.5 million, which included record brokerage accounts of more than 2.7 million. This included gross new brokerage accounts of 43,000 and net new brokerage accounts of 23,000. Total Daily Average Revenue Trades ("DARTs") for May were 239,439 - an increase of 4 percent from April and 34 percent from the year ago period. The Company reported approximately 220,000 DARTs for June month to date (as of June 12), with second-quarter DARTs on track to be approximately 15 percent higher than the prior quarter.
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| //06-24-2009 |
Morgan Stanley (NYSE:MS) announced that James H. Hance, Jr. has been elected to the company's Board of Directors, effective July 1. This will bring the total size of the Board to 13 members.
Mr. Hance, 64, is a Senior Advisor at The Carlyle Group and was formerly Chairman of Carlyle Capital Corp. Previously, Mr. Hance was with Bank of America and its predecessor companies for 18 years as a Vice Chairman and Chief Financial Officer and a member of the board. He was also a Partner at Price Waterhouse in the 1980s.
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| //06-24-2009 |
According to a new Charles Schwab survey, 24 percent of San Francisco investors in the U.S. are considering changing financial services firms/brokers in the next year based on their overall frustrations with their current situation. With 86 percent saying they are frustrated about the money they lost in the past year and 76 percent admitting they are only somewhat confident in the guidance they receive from professionals, investors are taking stock of their own actions and accountability, while considering what they want and expect from their brokers.
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| //06-18-2009 |
E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) announced that Kenneth C. Griffin, Founder and Chief Executive Officer of Citadel Investment Group, LLC, has joined the Board of Directors of E*TRADE FINANCIAL Corporation and will serve as a member of the Company's Finance and Risk Oversight Committee.
"Mr. Griffin's leadership skills and financial markets acumen will make him an outstanding contributor to our Board," said Donald H. Layton, Chairman of the Board and Chief Executive Officer, E*TRADE FINANCIAL Corporation. "His perspective of the capital markets and on managing a sophisticated investment business will complement the wide range of expertise among the current Board members."
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| //06-18-2009 |
Scottrade Mobile offers convenient account access, research and online trading
from any InternetòÀÓenabled mobile device
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| //06-18-2009 |
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of May 2009 include:
* Net new assets brought to the company by new and existing clients in May 2009 totaled $7.5 billion.
* Total client assets were $1.220 trillion as of month-end May, down 17% from May 2008 and up 5% from April 2009.
* Client daily average trades were 370.9 thousand in May 2009, up 22% from May 2008 and up 1% from April 2009.
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| //06-17-2009 |
Today Morgan Stanley (NYSE: MS) was pleased to pay back the $10 billion in TARP money to the U.S. Treasury. Morgan Stanley and its employees appreciate the support of the U.S. government, Congress and the Administration during this challenging period. We also welcome and support the regulatory reforms proposed by the Obama Administration as we continue to work with the Administration and Congress to ensure safety and soundness in the banking system and the strength and stability of our overall financial system.
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| //06-15-2009 |
E*TRADE FINANCIAL Corp. (NASDAQ: ETFC) announced today that E*TRADE Securities LLC introduced Online Advisor, a straightforward tool designed to provide investors with actionable investment guidance, including recommended asset allocations and solutions ranging from fully self-directed investing to 100 percent discretionary portfolio management from a registered investment adviser affiliate. Online Advisor is available at no additional cost to all investors at https://us.etrade.com/e/t/cio/landingpage.
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| //06-15-2009 |
Charles Schwab Foundation announced that it is renewing its commitment to continue funding Money Matters, the financial education program offered through every Boys & Girls Club that serves teens throughout the U.S.
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| //06-15-2009 |
Morgan Stanley is pleased to be repaying its $10 billion in TARP capital with an attractive return for taxpayers. We believe this positive development reflects both Morgan Stanley's strong capital position as well as the important systemic role the TARP program played in helping stabilize the U.S. banking system since the height of the financial crisis. After exiting the TARP program, Morgan Stanley will continue working closely with the Obama administration, elected officials, our regulators and our peers on the best possible framework to ensure the safety and soundness of the U.S. banking system.
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| //06-15-2009 |
Scottrade, a leading branchòÀÓsupported online investment firm, was named today to CIO magazineòÀÙs 2009 CIO 100 list. The 22nd annual award program recognizes organizations around the world that exemplify the highest level of operational and strategic excellence in information technology (IT).
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| //06-14-2009 |
Bullishness in global markets has reached new heights with seven out of 10 investors who predict the world economy will improve in the next 12 months, according to the Merrill Lynch Survey of Fund Managers for May.
Supported by positive expectations on corporate profits, portfolio managers are backing their optimism with action by putting their money to work. Average cash holdings have fallen to 4.3 percent from 4.9 percent in April. Equities, while underweight, are more popular, especially cyclical sectors that are expected to perform best in a recovery. Investors have moved to a net underweight position in bonds for the first time since last August.Many are rushing to emerging markets, as investor optimism on China’s economy is higher than at any point in the past six years.
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| //06-01-2009 |
First day of every month all rating results are brought to naught. Starting a monthly rating from zero allows to identify a monthly winner and thus more objectively display the voters' oppinion. We rate brokers by the actual number of votes
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| //06-01-2009 |
E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) today announced the results of its Annual Shareholder Meeting held today, May 28, 2009, in Arlington, VA. Over 83 percent of all outstanding shares were voted.
Shareholders voted in favor of the election of four directors; a proposal to increase the shares authorized under the Company's 2005 Equity Incentive Plan by 30 million shares and ratify the performance criteria stated in the plan; and the selection of Deloitte & Touche LLP as the Company's auditors. Shareholders voted against a proposal by a Company stockholder to make changes to the Executive Bonus Program.
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| //05-22-2009 |
DJI closed lower on Thursday as stocks tumbled for a third day. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought and are turning neutral hinting that a short-term top might be in or is near. SPI closed lower on Thursday after jobless claims topped economists’ forecasts. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought and are turning neutral hinting that a short-term top might be in or is near. NDI closed lower on Thursday erasing gains in the final hour of trading. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought and are turning neutral hinting that a short-term top might be in or is near.
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| //05-22-2009 |
SAN FRANCISCO--(BUSINESS WIRE)--As unemployment continues to rise and many struggle to keep their retirement savings on track, Charles Schwab today released new data showing a significant number of 401(k) assets held by workers who leave their jobs have been left behind in former employers’ plans. According to the data taken from plans administered by Schwab, 43 percent of assets held by 401(k) participants who left their jobs in the first quarter of 2008 had not been moved a year later.*
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| //05-22-2009 |
SIGNS OF EXUBERANCE APPEAR IN RUSH TO EMERGING MARKETS
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| //05-22-2009 |
Interactive Experience at INNOVENTIONS and Online Virtual Board Game Offer Key Financial Lessons, Provide 'Teachable Moments' to Empower Parents to Discuss Saving and Investing Principles
BALTIMORE (May 19, 2009) – T. Rowe Price, in collaboration with Walt Disney Imagineering and Walt Disney Parks and Resorts Online, today launched The Great Piggy Bank AdventureSM—two interactive financial education and entertainment experiences that offer lessons on the key financial themes of setting goals, saving and spending smartly, staying ahead of inflation, and diversifying your assets. The Great Piggy Bank AdventureSM comes to life through a hands-on, interactive experience at INNOVENTIONS at Epcot® at the Walt Disney World® Resort in Florida, and through an online virtual board game at www.thegreatpiggybankadventure.com.
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