by Zack Miller on March 1, 2011
Looking for a way to make a quick buck? Well, TradeKing, a startup online broker is willing to pay you and a friend $100 each if you refer him on over to open an account. TradeKing’s Refer a Friend is targeting current account holders and incentivizing them to bring in new account holders. $200 is [...]
by Zack Miller on November 14, 2010
While markets continue to confound individual investors as they sit on their hands pondering what to do next, active investors continue to trade and trade a lot. Perhaps that’s why Interactive Brokers ($IBKR) disclosed a tender offer for more than 6% of Tradestation ($TRAD) stock. And it seems to be a good match for a [...]
Well, that’s interesting. Ameritrade, and for that matter, most of the online brokers, are typically slow assimilating new acquisitions and then rolling out technology or services to their existing client base. Not this time. The January 2009 purchase of trading platform, Think or Swim, augered interesting things for the online heavy weight. But the Corporate [...]
by Zack Miller on June 15, 2009
It’s been a truism that the secret to runaway success in technology has always been in platform building. I learned about the intricacies of building platform leadership from a book by the same name, “Platform Leadership” which I read during my MBA. The book by Gawer and Cusumano detailed how Cisco, Intel and Microsoft drove [...]
by Zack Miller on June 9, 2009
Full(er) Service and DIY Investing: Investor Fork in the Road There is no doubt we are witnessing a wholesale exodus of assets out of full-service brokers like Merrill Lynch and Smith Barney. These assets seem to be finding two very different types of homes: boutique investment advisory houses: Built by brokers/advisors who themselves have defected [...]
by Zack Miller on January 26, 2009
Charles Schwab announced today that it was launching what it calls “Real Life Retirement(TM) Services”. You can see what it looks like here (screenshot to the right). Background info on the launch From the press release: “We have a different point-of-view from other financial firms in how we approach retirement. For most people, retirement isn’t [...]
by Zack Miller on July 23, 2008
“Fire your broker!” How many of us remember those ads of yore that implored brokerage clients to fire their wirehouse broker and move over to Schwab (SCHW)? They are indelibly imprinted on my brain, anyway. What’s more is that the message as definitely driven the direction of the brokerage business over the past couple decades. [...]