| //11-24-2009 |
SAN FRANCISCO--(BUSINESS WIRE)--In a new Charles Schwab survey of advisors at major financial firms, six out of ten respondents (59%) say the idea of being an independent investment advisor appeals to them. Nearly half of all respondents go a step further to say that they would actually consider a move to independence. The surveyed advisors from wirehouses, banks and independent broker dealers are also confident about the strength of their client relationships, with eighty percent saying that they feel their clients are more loyal to them than to their firm.
|
| //11-24-2009 |
E*TRADE FINANCIAL Corp. (NASDAQ: ETFC) announced that Yahoo! has selected E*TRADE Corporate Services to administer its employee equity compensation programs. Yahoo! has chosen E*TRADE Corporate Services as their end-to-end provider of stock plan administration services, including E*TRADE Corporate Services' Equity Edge(R) product and the participant services and investing tools from E*TRADE Securities.
"We are thrilled to have the opportunity to serve Yahoo! and its employees' stock plan needs," said James Wulforst, President, E*TRADE Corporate Services. "Managing equity compensation is complex and time-consuming. Our Equity Edge platform creates efficiencies and reduces time spent on the administrative tasks involved in managing a stock plan - giving our customers more time to focus on using equity compensation to attract and retain the best employees."
|
| //11-24-2009 |
The industry, already on the rebound, still faces hurdles. But, says one BofA Merrill Lynch Global Research analyst, it may have some substantial growth potential over the long term.
|
| //11-23-2009 |
Every week, Wells Fargo Advisors Investment Strategists discuss what's going on in the economy and bond and stock markets and how your investments may be affected.
|
| //11-20-2009 |
E*TRADE FINANCIAL Corp. (NASDAQ: ETFC) today announced that E*TRADE Securities has added several new tools to its Bond Resource Center aimed at helping individuals identify, evaluate and implement fixed income investments that meet their needs and goals.
"Investor appetite for fixed income products, tools and services is strong as more and more investors are considering fixed income as a key component to portfolio diversification," said Paul Vienick, Senior Vice President, E*TRADE Securities. "We're committed to helping investors effectively incorporate fixed income into their portfolios by providing the best selection of products along with easy-to-use, intuitive tools and education."
|
| //11-20-2009 |
Triple Sign-up Bonus Only @ Firstrade
|
| //11-20-2009 |
Nearly Half of Investors Surveyed Are Taking a Wait-and-See Position on the Market; Intently Watching Unemployment and Other Domestic Economic News as Trade Triggers; Energy Way Up on List of Long Opportunities
|
| //11-20-2009 |
Online broker dealer TradeKing (www.tradeking.com) today released the lineup for its December online webinar series. December’s topics appeal to investors of all experience levels seeking to further their trading education to better take advantage of 2010 market opportunities.
|
| //11-20-2009 |
Wells Fargo & Company (NYSE: WFC) has enhanced its rewards program by adding the Earn More Mall with bonus point opportunities, the ability to purchase retail gift cards, new travel features and benefits, five times as many redemption options, and a redesigned site for easier navigation and improved search capabilities.
“In good economic times and bad, customers expect to be rewarded for their business and their loyalty,” said Bob Ryan, head of Wells Fargo Rewards & Enhancements Services. “At Wells Fargo, we have enhanced our rewards program as a way to further demonstrate our appreciation for that loyalty.”
|
| //11-20-2009 |
Building on its commitment to a better environment and supporting a greener economy, Wells Fargo & Company (NYSE: WFC) today announced a new commercial banking group dedicated to supporting clean tech companies. Based in Palo Alto, Wells Fargo’s National Cleantech group will offer customized commercial banking products and services to businesses that manufacture, market or develop clean technology products and services, such as solar and wind power, energy and water efficiency, electric and low-emission vehicles, and smart grid applications.
“This new group will build on our success at serving the financial needs of some of the largest clean tech companies in the world, having already loaned more than $600 million to these businesses,” said Puon Penn, head of Wells Fargo’s national cleantech group. “Supporting clean technology is a priority for Wells Fargo because we believe the sector will continue to grow and play a critical role in a greener economy.”
|
| //11-19-2009 |
E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) today released its Monthly Activity Report for October. The Company ended the month with brokerage accounts of more than 2.7 million, including gross new brokerage accounts of 30,348 and net new brokerage accounts of 3,360. Total accounts ended the month at more than 4.5 million. Total Daily Average Revenue Trades ("DARTs") for October were 194,662 - a decrease of 5 percent from September and 22 percent from the year ago period. Year-to-date through October, DARTs are up 9 percent from the same period last year.
Customer security holdings declined by $5 billion in October and brokerage-related cash remained essentially flat, while bank-related cash and deposits declined by $0.5 billion, as the Company continued to execute its ongoing strategy to reduce bank-related deposits. Net brokerage assets grew by $0.6 billion (1) in the month; however, this growth was offset by the planned outflow of bank-related deposits. Customers were net buyers of approximately $0.9 billion in securities in October.
|
| //11-19-2009 |
From Jeff Rosenberg, Head of Global Credit Strategy, BofA Merrill Lynch Global Research View video
|
| //11-19-2009 |
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 Scottrade charitable matching program.
|
| //11-19-2009 |
Cooperative relationship with Indian investment management firm offers growth opportunities in the rapidly developing Indian market
BALTIMORE (November 9, 2009) – T. Rowe Price Group (NASDAQ-GS: TROW) today announced that it has entered into definitive agreements to acquire a 26% stake in UTI Asset Management Company Limited and UTI Trustee Company Pvt. Ltd. for INR 6.5 billion (approximately $138 million based on current exchange rates). The transaction is subject to receipt of requisite regulatory approvals and is expected to close in the fourth quarter of 2009.
UTI Asset Management Company (UTI) is the fourth largest asset manager in India and the country's oldest mutual fund institution. With approximately US $17.2 billion in average assets under management in October (10.1% market share of the mutual fund industry in India), UTI serves more than 9.75 million individual and institutional investor accounts in India and offers a broad array of domestic fixed-income and equity mutual fund strategies. T. Rowe Price is acquiring its stake from the existing stockholders.
|
| //11-19-2009 |
SAN FRANCISCO--(BUSINESS WIRE)--Starting January 1, 2010, income restrictions for converting to a Roth IRA will be lifted, allowing individuals who make more than $100,000 adjusted gross income to convert assets from certain retirement savings accounts, such as a traditional IRA or 401(k) with a previous employer, to a Roth IRA (restrictions may apply to residents in certain state(s)*). A recent survey from Charles Schwab found that 34 percent of respondents are still unsure of the general benefits of a Roth IRA versus a traditional IRA and, further, more than one quarter find the details of converting more confusing than healthcare reform.
|
| //11-19-2009 |
Wells Fargo & Company (NYSE: WFC) has enhanced its rewards program by adding the Earn More Mall with bonus point opportunities, the ability to purchase retail gift cards, new travel features and benefits, five times as many redemption options, and a redesigned site for easier navigation and improved search capabilities.
“In good economic times and bad, customers expect to be rewarded for their business and their loyalty,” said Bob Ryan, head of Wells Fargo Rewards & Enhancements Services. “At Wells Fargo, we have enhanced our rewards program as a way to further demonstrate our appreciation for that loyalty.”
|
| //11-19-2009 |
Wells Fargo & Company (NYSE: WFC) announced today that it will purchase Auction Rate Securities (ARS) nationwide from eligible investors who bought ARS through one of three of its broker-dealer subsidiaries prior to February 13, 2008. Eligible investors will receive additional information regarding the terms of the buyback offer by mail within ninety (90) days.
This announcement was made in conjunction with separate agreements reached with the State of California Attorney General’s office and the North American Securities Administrators Association regarding Wells Fargo’s participation in the auction rate securities (ARS) market. The settlement agreements resolve all active regulatory investigations and enforcement actions concerning Wells Fargo's participation in the ARS market, without Wells Fargo admitting to the allegations in the various investigations and complaints. The company has agreed to pay $1.9 million in fines and expenses.
|
| //11-18-2009 |
The industry, already on the rebound, still faces hurdles. But, says one BofA Merrill Lynch Global Research analyst, it may have some substantial growth potential over the long term. View video
|
| //11-18-2009 |
Wells Fargo & Company (NYSE: WFC) announced that its team members pledged a record $41.9 million to more than 25,000 nonprofits and schools through its annual Community Support and United Way Campaign. This was a 21 percent increase over the combined Wells Fargo and Wachovia campaigns in 2008. It was also the Company’s most “green” Campaign to date with nearly 100 percent of all pledges made online and the elimination of nearly all print marketing materials. Over 160,000 team members participated in the campaign in some way.
|
| //11-17-2009 |
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of October 2009 include:
* Net new assets brought to the company by new and existing clients in October 2009 totaled $8.6 billion.
* Total client assets were $1.350 trillion as of month-end October, up 16% from October 2008 and down 1% from September 2009.
* Client daily average trades were 335.3 thousand in October 2009, down 33% from October 2008 and up 1% from September 2009.
The SMART report can be viewed with its accompanying 12-month data at http://www.aboutschwab.com/investor/financials/financial_reports.htm
|
