Barron's Names Scottrade as Best Online Broker for Novice Investors; Magazine Ranked Firms' Suitability for `First-Time' Investors.Business Editors ST. LOUIS--(BUSINESS WIRE)--June 9, 2004 Scottrade, a leading online brokerage, today announced that Barron's, the Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance Business and Financial Weekly, named Scottrade and SiebertNet the most suitable online brokers for novice investors in its June 7 issue. The magazine considered that novice investors need a combination of low initial-balance requirements, low fees, easy-to-use planning tools and investing-education tools. "Scottrade's barriers to entry are minimal - an account can be opened with just $500, and there are no maintenance levies," reporter Theresa Carey wrote. Scottrade ranked ahead of Charles Schwab Charles Schwab can refer to:
The brand originated as a United States brand for discount brokerage when TD purchased Waterhouse Securities. (11th). "Scottrade is pleased to be recognized by Barron's in this category," said Scottrade CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Rodger Riney. "Throughout Scottrade's 24-year history we have focused on finding ways to make it easier for our customers to trade, by maintaining low commissions, no inactivity fees Inactivity Fee A fee charged to investors whose trading activity meets their brokerages' criteria for an inactive account. Notes: Smaller, passive investors who make a small amount of trades are the most disadvantaged by the fee. See also: Broker, Passive Management and easy-to-use tools - for novices and seasoned investors." About Scottrade Established in 1980, Scottrade (formerly Scottsdale Securities, Inc.) is a leader in online investing and is currently ranked Highest in Investor Satisfaction with Online Trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. Services by J.D. Power and Associates (www.jdpower.com). The September 2003 announcement was the fourth consecutive time Scottrade has received the honor As a verb, to accept a bill of exchange, or to pay a note, check, or accepted bill, at maturity. To pay or to accept and pay, or, where a credit so engages, to purchase or discount a draft complying with the terms of the draft. . The firm serves individual investors who are comfortable making their own investment decisions. Scottrade is unique in the industry because it boasts very low commission rates while offering easily accessible, local branch office support of online trading in 211 locations nationwide. Scottrade.com is the online trading site of Scottrade and offers customers the convenience of placing market orders online for just $7 per trade. In addition to its online capabilities, Scottrade staffs each branch location with a licensed branch manager plus additional brokers and assistants. Customers may place trades assisted by a broker or through the firm's state-of-the-art electronic order entry and account access systems. Touchtone telephone trading is available 24 hours a day, seven days a week. For the lowest commission rates, customers can trade stocks on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the at www.scottrade.com. Scottrade's trading site offers free Dow Jones Real-Time Streaming News for Investors and real-time streaming quotes and charts. Scottrade also offers a Chinese version of its Web site at http://chinese.scottrade.com. |
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