CNA Trust Introduces Online Trading for Self Directed Brokerage Participants.Business Editors COSTA MESA, Calif.--(BUSINESS WIRE)--July 23, 2001 CNA (Certified NetWare Administrator) See Novell certification. Trust has announced a partnership with CSFBdirect that allows CNA Trust's Self Directed Brokerage Account Brokerage Account An arrangement between an investor and a licensed brokerage firm that allows the investor to deposit funds with the firm and place investment orders through the brokerage, which then carries out the transactions on the investor's behalf. (SDBA SDBA Singapore Dragon Boat Association SDBA Self-Directed Brokerage Account SDBA Southern Drag Boat Association SDBA Southwest Detroit Business Association SDBA Société de Développement de la Baie Acadienne SDBA South Dakota Bankers Association ) participants, who are "do it yourselfers," to conduct online trading for greater flexibility within their accounts. The CSFBdirect feature is an addition to CNA Trust's current multi-broker platform. Backed by the resources and experience of Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. , an international investment leader, CSFBdirect provides a comprehensive line-up of brokerage products that includes more than 10,000 common stocks, 9,500 mutual funds and fixed-income securities. CNA Trust's SDBA participants will also benefit from CSFBdirect's investor support, which includes real-time news, up-to-date research information, extended trading hours and an online stock ticker. Participants can obtain assistance 24 hours a day from CSFBdirect's investor services representatives. "We expect this online trading opportunity to be immensely popular with our SDBA participants who do not want to use a financial intermediary because it gives them instant, hands-on control of their SDBA funds," said Roni Renfro, chairman and president of CNA Trust. CNA Trust now has the best of both worlds, multiple full service brokers for those participants who enjoy the services of financial intermediaries and a preferred discount option for the "do it yourselfers." One of the nation's leading dedicated retirement plan providers, CNA Trust, occupies a unique position within the industry because it provides trust, recordkeeping, administration, compliance, tax reporting and Self Directed Brokerage services under one roof. With headquarters in Costa Mesa, and with offices in New York and Chicago, CNA Trust is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of CNA Financial Corp. (NYSE NYSE See: New York Stock Exchange :CNA), which is 84 percent owned by Loews Corp. (NYSE:LTR LTR - Langage Temps-Réel. (French for "real-time language") A French predecessor to Ada, LTR is Modula-like with a set of special-purpose real-time constructs based on an event model. It was mentioned in the reference below. ["An Overview of Ada", J.G.P. ). Backed by 33 years of experience in providing a wide variety of retirement plans, CNA Trust provides the recordkeeping for client assets totaling more than $2.75 billion. |
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