1DB Leverages ADP's Systems.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- 1st Discount Brokerage A discount brokerage is a business that charges clients significantly lower fees than traditional brokerages, typically offering comparatively fewer services and/or advice. (1DB), an NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). and SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. member, has announced a new marketing campaign to expand its network of OSJ OSJ Office of Supervisory Jurisdiction (SEC) OSJ Orchestra of St John's (London, UK) OSJ Order of St. John of Jerusalem (Knights of Malta) OSJ Opera San Jose offices and independent financial advisors. This campaign is being coordinated with ADP's acquisition of the US Clearing division of Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. . As one of US Clearing's largest correspondents, 1DB is very pleased by ADP's heightened involvement in the clearing business, and 1DB plans to market the ADP systems and clearing services to other broker-dealers. Chip Corley, the president of 1DB Financial and 1DB, is thoroughly enthusiastic about ADP's commitment to developing the most advanced electronic delivery systems for clients, financial services firms and independent financial advisors. Mr. Corley believes that ADP's strategic move to directly enter the clearing business is a natural step for them. ADP's correspondents will benefit from new technologies at very competitive costs. 1DB's marketing campaign will focus on the consolidation trends in the financial services industry. Many smaller financial services providers are seeing their profits shrink with the demands of increased regulatory requirements and the needs (and costs) to introduce new systems. All this causes the owners to have less fun and profit as they once did. 1DB will help the smaller broker-dealer to become an OSJ of 1DB while retaining as much individual identity as is permitted. This approach will also pertain to helping offices of other BD's develop their business as a 1DB office. 1DB is working to allow the independent financial advisor an opportunity to build a business with more potential and enjoyment while serving the best interest of their clients. 1DB is a nationwide provider of investment services through independent financial advisors. 1DB is focused on delivering the value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. tools, and personalized service that independent advisors demand to build successful, highly rewarding practices while serving the best interest of their clients. |
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