| //11-17-2009 |
MetLife, a leading provider of insurance, employee benefits and financial services, and Fidelity Investments®one of the world's largest providers of financial services and retirement products, today announced the introduction of a new deferred variable annuity product designed for individuals who are either retired or transitioning to retirement. The MetLife Growth and Guaranteed IncomeSM (MGGI) variable annuity is distributed exclusively through Fidelity and is the only deferred variable annuity with a living benefit sold through the company.
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| //11-17-2009 |
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab & Co., Inc. has announced a significant renovation and expansion of its award-winning educational website, www.SchwabMoneyWise.com. Originally launched in April 2007 as a “money mentoring” destination for parents of teenagers, the website now offers more information, tools and resources to benefit all types of consumers, from those who want to learn the fundamentals of personal finance themselves to those who want resources to teach the basics to others.
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| //11-17-2009 |
Schwab Charitable, one of the nation’s largest and fastest growing donor-advised funds, observes its 10th anniversary this month just as the Chronicle of Philanthropy lists the organization as the 10th largest charity in the U.S.1
Since inception, Schwab Charitable has raised over $3.8 billion in philanthropic contributions and issued more than 367,000 grants totaling $1.6 billion to over 33,000 charities throughout the country. Founded in 1999 by Charles Schwab & Co, Inc., Schwab Charitable has grown quickly over its first decade through a series of innovative offerings to its donors:
* In 2003 Schwab Charitable was the first leading national donor-advised fund to offer Charitable Asset Management, the ability for independent investment advisors to actively manage the assets held in larger donor-advised fund accounts.
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| //11-16-2009 |
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today released a new corporate stock plan study revealing that most companies view stock plans as an important tool to motivate and reward workers at all levels. Despite market uncertainty, a majority of companies surveyed say they are offering the same or even more stock plan benefits to their employees since Fall 2008.
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| //11-16-2009 |
Fidelity Investments today announced a new online Stock Research Center to better help investors identify trading and investment ideas by delivering independent expert insights about emerging opportunities, popular stock screening strategies, stocks most frequently bought and sold online by Fidelity customers, and emerging topics on the Web.
These new enhancements, combined with Fidelity's current research offering that includes a wide range of high-quality independent research and the most transparent ways to assess each firm's performance, allow customers to understand what is happening in real-time across a wide variety of sources, including some top financial blogs.
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| //11-13-2009 |
ST. LOUIS, Nov. 13, 2009 Scottrade (www.scottrade.com), a leading branch“supported online investment firm, and its associates raised more funds than ever to benefit the United Way of Greater St. Louis. The firm far exceeded its $70,000 goal and raised $89,977, which turned into a $179,955 donation with Scottrades charitable matching program.
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| //11-13-2009 |
Free CEO MobileSM iPhone App alerts users to pending transactions before they sign on
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| //11-12-2009 |
Online investing firm∙s new office brings personal support closer to local investors
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| //11-12-2009 |
New research shows women∙s confidence levels dramatically lower than men∙s despite equal performance in their investment portfolios; Women turn to education to fill the gap
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| //11-12-2009 |
Home Mortgage Customers Use Rewards to Pay Down Nearly $10.5 Million in Mortgage Principal
New Survey Finds Homeowners Making Strides to be Debt-Free
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| //11-12-2009 |
93,652 Home Affordable Modifications done under U.S. program through Oct. 31; total of 403,044 trial and completed modifications done in 2009
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| //11-10-2009 |
An ETF Marketplace Leader, Schwab Is Launching Eight ETFs with Low Expenses and No Online Trading Commissions for Schwab Clients
SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, a marketplace leader of exchange traded funds, today announced the launch of its first proprietary exchange-traded funds: eight new Schwab-managed ETFs with low operating expense ratios and commission-free online trading for clients in their Schwab accounts.
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| //11-10-2009 |
Online investing firm to receive The Greater St. Louis Top 50 Award for fifth time
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| //11-10-2009 |
Online investing firm helps customers learn how to make their own investing decisions
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| //11-10-2009 |
E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) today announced results for its third quarter ended September 30, 2009, reporting a net loss of $832 million, or $0.66 per share, compared with a net loss of $143 million, or $0.22 per share, in the prior quarter and a net loss of $50 million, or $0.09 per share, a year ago.
The third quarter results included a $968 million pre-tax non-cash charge for corporate debt extinguishment in relation to the Company's successful $1.74 billion debt exchange, which had an after-tax impact of approximately $773 million, or $0.61 per share(1). Excluding the impact of this item, the Company reported a net loss of $59 million, or $0.05 per share(1). The debt exchange also resulted in a $708 million increase in paid-in-capital. The net effect of the exchange to book equity was a reduction of $65 million.
"During the quarter we successfully completed a comprehensive recapitalization, substantially improving the Company's financial position," said Donald H. Layton, Chairman and CEO, E*TRADE FINANCIAL Corporation. "Our online brokerage business continues to perform strongly: brokerage accounts grew solidly, our average commission per trade is higher, and our interest rate spread remains strong despite very low market rates. While DARTs were down seasonally from the second quarter, year-over-year they were up seven percent and year-to-date, we have recorded our highest DART level for the first nine months of any year."
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| //11-10-2009 |
When it comes to their retirement, America’s 50-somethings seem to be in a state of denial. Although the recent economic downturn has forced pre-retirees ages 50 to 59 to consider working years longer than they had hoped, their current rate of savings is unlikely to fund the retirement lifestyles they expect, according to fifth annual Retirement Fitness Survey from Wells Fargo & Company (NYSE:WFC).
Only 23% of pre-retirees are saving more for retirement than they were a year ago, the survey found. Most -- 57% -- are saving the same amount, and 20% are now saving less. 67% say their expectations for retirement have changed in the past year, and 56% now expect to work longer by an average of three additional years.
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| //11-09-2009 |
Online investing firm's new Silverdale, Wash., office supports do∓it∓yourself investors
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| //11-03-2009 |
SAN FRANCISCO--(BUSINESS WIRE)--In a quest to uncover new and engaging ways to make learning about money management compelling and meaningful to today’s youth, Charles Schwab Foundation has announced the first annual winners of the Money Matters Innovation Awards. Five winning Boys & Girls Clubs, all of which offer the Money Matters program, were selected from approximately 100 competing clubs across the country’s five geographic regions.
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| //11-03-2009 |
Online broker dealer TradeKing (www.tradeking.com) today announced the lineup for its November online webinar series, with a range of topics appealing to investors of all experience levels seeking to expand their trading know-how.
The November webinar series will include “Using Candles to Find High Probability Trades” with Steve Nison of Candlecharts.com (www.candlecharts.com); “Swing Trading with Stocks” with Doc Maher of Doc Maher Trading LLC (www.docmahertrading.com); and a “Most Common Questions” session led by TradeKing Trading Specialist, Mike Rasmussen. The Webinar series will also feature a session on “Seasonality Trends” with new contributor, Scott Downing, research analyst with BigTrends.com (www.bigtrends.com). Prior to joining BigTrends in 2008, Downing was a Retirement Services Specialist with The Vanguard Group.
TradeKing’s webinars are free and open to TradeKing clients, as well as other investors. December’s webinar schedule will be available starting November 15.
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| //11-03-2009 |
Following the successful launch of its joint venture, Morgan Stanley Smith Barney today announced it will look to grow its advisor population that focuses on ultra-high net worth clients through a dedicated effort branded under the Morgan Stanley Private Wealth Management name.
"The combination of Morgan Stanley's well established Private Wealth Management division and Smith Barney's leading Citi Family Office capabilities creates a strong platform for individuals and families of significant means. These clients have highly specialized wealth management and private banking requirements which we are uniquely positioned to fulfill," said James Gorman, Co-President of Morgan Stanley and Chairman of Morgan Stanley Smith Barney.
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