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E*TRADE FINANCIAL Corporation Reports Monthly Activity for January 2010 // 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.\n\nU.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.
Scottrade to Host User Summit in Maitland // 02-19-2010
Online investing firm to provide free educational conferences in 22 cities in 2010
Schwab Reports Monthly Activity Highlights // 02-19-2010
The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of January 2010 include:\n\n * Net new assets brought to the company by new and existing clients in January 2010 totaled $6.0 billion.\n * Total client assets were $1.401 trillion as of month-end January, up 27% from January 2009 and down 2% from December 2009.\n * Client daily average trades were 354.7 thousand in January 2010, up 8% from January 2009 and up 23% from December 2009.
Morgan Stanley Infrastructure Partners Acquires 40% Economic Stake and 50% Voting Stake in Southern Star Central Corp. // 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.
Charles Schwab Outlines Fundamentals for Independent Advisor Succession Planning and Firm Valuation // 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 ToolsŪ (MKT) reports to help advisors implement succession planning, value their firms and understand (M&A) deal structure.
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