Banks.com, Inc. Announces Acquisition of Online Broker/Dealer MyStockFund.com.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 -- Banks.com, Inc. (AMEX AMEX See: American Stock Exchange : BNX BNX Broadcast News Exchange ), a leading financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. focused web property, today announced the acquisition of certain assets of Online Investments, Inc., including MyStockFund.com, MyStockFundKids.com and an online broker/dealer with a wide array of products, tools, and services. As part of the agreement, Banks.com, Inc. also acquired a variety of strategic partnerships and private-label offerings. As the newest service from Banks.com, MyStockFund will integrate widely accepted principles of long-term investing, dollar-cost-averaging and dividend reinvestment programs A dividend reinvestment program or dividend reinvestment plan (DRIP) is an equity investment option offered directly from the underlying company. The investor does not receive quarterly dividends directly as cash; instead, the investor's dividends are directly reinvested in into an easy-to-use online platform that supports and encourages individual investors to build wealth over time. This service keeps investing simple and cost-effective with a dollar-based platform, flexible investing plans, automatic investment options and free dividend reinvestment Reinvestment Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash. 1. In terms of stocks, it is the reinvestment of dividends to purchase additional shares. . MyStockFund also offers the Investment Wizard for online portfolio education. Further, MyStockFundKids.com allows users to establish custodial accounts for children to start saving early in an easy, fun and educational manner. Dan O'Donnell, Chairman and Chief Executive Officer of Banks.com, Inc. said, "We are very excited about our growth prospects with the addition of online broker/dealer capabilities at MyStockFund.com and MyStockFundKids.com, and associated strategic partnerships. This acquisition is an important step in our continuing commitment to the growth of our presence in the lucrative financial services sector. With the income tax season approaching, our plan is to leverage our existing user base and take advantage of the many cross selling opportunities within our financial services ecosystem." "MyStockFund is an affordable investing platform that dovetails neatly with Banks.com's offerings. Banks.com customers can take full advantage of the MyStockFund investment solution to execute their investment strategies in a low-cost, online, and convenient environment," said Stewart Christ, Chief Executive Officer of Online Investments, Inc., the financial services holding company that developed MyStockFund. "We are thrilled to be selected as the platform of choice by Banks.com, and be part of an exciting new provider of online financial information and services." Financial details of the transaction have not been disclosed. About Banks.com Banks.com is a leading Financial Services portal containing a unique breadth and depth of products and services. Our mission is to bring our users and subscribers the most relevant financial information on the web. Banks.com provides access to thousands of pages of current financial content, including: articles, stock quotes, audio, video, blogs and much more. In addition, Banks.com provides free tools to assist visitors with their financial decision-making including stock tracking and financial calculators. Our site contains information and products on a variety of topics such as Banking, Stocks & Bonds, Taxes, Mortgages, Personal Finance, Credit Cards, Insurance and Retirement Planning Retirement financial planning refers to a collection of systems, methods, and processes which, in their aggregate, support a family unit's (client's) desire to achieve a state of financial independence, such that the need to be gainfully employed is optional. . Banks.com, Inc. is headquartered in San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] at 222 Kearny Street Kearny Street in San Francisco, California runs from Market Street on the south to The Embarcadero on the north. Along its southern end, the street serves as the border separating the Financial District from the city's Union Square and Chinatown districts. , Suite 550 and can be reached at 415.962.9700. More information about Banks.com, Inc. can be found at: www.Banks.com. About MyStockFund Securities, Inc. and OnLine Investments, Inc. With headquarters in Reston, Va., MyStockFund Securities, Inc., member FINRA/SIPC, is the broker-dealer offering the unique securities trading securities trading, financial activity involving transactions of property such as stocks, bonds, commodities, and currency (see securities). Although the trading of stocks and bonds dates back several centuries in many Western nations, the development of the platform. To learn more visit www.MyStockFund.com. OnLine Investments, Inc. (OLI OLI Open Learning Initiative (RSA) OLI Operation Lifesaver, Inc. OLI Open Learning Institute (Britain) OLI Originating Line Information (qualifies Automatic Number Identification) ), the former parent of MyStockFund Securities, Inc., is a financial services holding company that has developed the technology to enable convenient and cost-effective Internet-based investment and savings products geared to long-term investors. Private label versions of the service are available through various organizations, affinity groups, financial services and benefit providers. To learn more, visit us at www.olistocks.com. |
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