http://www.tradeking.com/
TradeKing is a nationally licensed online broker with a mission to help investors become smarter, more empowered stock and options traders. We offer all clients the same fair and simple pricing - just $4.95 per trade, plus 65 cents per option contract- no matter how often they trade, or the size of their account.
SmartMoney August 2007 Broker Survey rated Tradeking as "Best Discount Broker" ( SmartMoney August 2007), based on: Commissions, Interest Rates, Mutual Funds, Investment Products, Banking Amenities, Trading Tools, Research, Customer Service.
Founders
TradeKing’s founders include the original management team from SureTrade Inc.
This team founded the online brokerage company SureTrade, Inc. in 1997, which is recognized as one of the pioneers of electronic trading. As a subsidiary of Quick & Reilly, SureTrade offered the cheapest online trading commissions at the time ($7.95) and helped create the active trading market.
Meet TradeKing’s founders:
Donato A. Montanaro, Jr. (Don) – Chairman & CEO
Recognized as a pioneer in electronic trading, Don was Founder and President of SureTrade, Inc., an NASD member brokerage firm and a subsidiary of Quick & Reilly. Under his leadership, SureTrade became profitable in 13 months and grew to be the 8th largest online brokerage firm worldwide. As special consultant to the American Stock Exchange (2002 – 2005), Don also conceived an innovative option product, the Fixed Return Option, due to be introduced by the Amex in early 2008. Don earned his J.D. from The Catholic University of America’s Columbus School of Law and his B.A. from the University of Notre Dame.
Richard J. Hagen, Jr. - President & COO
Rich joined TradeKing from H&R Block Financial Advisors (“H&R Block”) where he was Head of Financial Advice Delivery. As part of his responsibilities at H&R Block, Rich led the firm’s online brokerage strategy and the integration of H & R Block’s online channel with its traditional branch-office-based business model. Prior to H&R Block, Mr. Hagen was at Foliofn where he served as Vice President of the firm’s retail brokerage division. Before joining Foliofn, Mr. Hagen succeeded Mr. Montanaro as President of SureTrade, where he was responsible for its operations and strategy. He also served on numerous committees and action groups within Fleet Financial, SureTrade's parent company, in developing Fleet's overall Internet strategy. Rich holds a B.A. in business and marketing from Southampton College.
Philip Claxton - Chief Financial Officer
Philip joined TradeKing from E*Trade Financial where he was the Senior Manager in charge of Financial Planning and Analysis for the US Brokerage. Prior to E*Trade, Philip served as Vice President of Global Internet Strategy for FleetBoston Financial, Vice President of Strategy for Quick & Reilly Group and Chief Financial Officer for Suretrade. Philip has received an MBA with a Finance concentration from New York University’s Stern School of Business and a BA in both Economics and Computer Science from New York University’s College of Arts and Science.
Thomas A. Desmond – Chief Growth Officer
Prior to joining TradeKing, Tom was a co-founder, Partner and Managing Director of Baird Venture Partners, LLC, a venture capital firm based in Chicago, IL. Prior to Baird Venture Partners, Tom served as a Vice President in Robert W. Baird & Co.’s Investment Banking Group. Tom was also a Senior Product Manager and Senior Analyst at Morningstar, Inc. and an Associate in Lehman Brothers Holdings Inc.’s Investment Banking Division. Tom earned an MBA with distinction from the Kellogg School of Management at Northwestern University, and MA with high honors from Michigan State University and a BA, cum laude, from the University of Notre Dame.
Roberto E. Donovan – Vice President Brokerage Operations & Client Experience
Roberto joined TradeKing from optionsXpress where he was Marketing Director. Prior to optionsXpress, Roberto was co-founder and CEO of SIM Monitor, the first online rating agency of Italian online trading services. Roberto started his career in the online trading industry as Director of Operations at Suretrade in 1997 and later moved to Merrill Lynch where he served as Operating Officer of Merrill Lynch Direct. Roberto holds a BA from Boston University and a post graduate degree in Economics from Italy’s Università degli Studi.
Kevin M. Corrigan – Vice President of Project Management
Kevin is an experienced Project Manager specializing in back office development for financial services companies. He was a Vice President – Web Development for SureTrade and is a Certified Project Manager (PMP). He conceived and launched an online trading platform used by Quick & Reilly and over 30 other brokerage firms.
John Dominic – Vice President of Operations
Before TradeKing, John was Director of Web Development at the American Stock Exchange. John managed the web technology transition from NASDAQ, which included launching three new websites. At SureTrade, he held the positions of Director of Brokerage Operations – Scranton branch, and Vice President of Business Development. Prior to that, he was a full service broker at Smith Barney. John holds a B.A. in Economics from Siena College.
Francesco Matteini – Chief Compliance Officer
Francesco was a Director in the Energy Trading Group at Cinergy Corp., one of the nation’s leading energy trading organizations. He has 12 years of leadership experience in regulatory and compliance management. Francesco holds a JD from Italy’s Università degli Studi and a Master in Public Administration from Harvard University.
Christopher Sandel - Vice President Special Projects
Before joining TradeKing, Sandel was a senior vice president with Penson Financial Services, Inc., where he was responsible for driving clearing services, new business development and new product development for the firm. Earlier, he was a managing director with ADP Clearing and Outsourcing Services with responsibility for the relationship management, service quality and sales groups. In 1997, Sandel joined Fleet Securities, Inc. as vice president and established its execution capabilities for both equities and options. He holds a B.S. from Saint John's University.
Brian Overby – Director of Education and Options Analyst
Brian has worked in the financial industry since 1992. Prior to joining TradeKing he founded Financial Coaching, Ltd., an investor education company. He also served as an option trading specialist for Charles Schwab, a senior staff instructor for The Chicago Board Options Exchange (CBOE), and managed the training department for one of the world’s largest market makers, Knight Trading Group. Over the span of his career Mr. Overby has preformed more than 1000 seminars worldwide on option trading and composed numerous articles for investor trade publications. Brian has a Bachelor of Science degree in Implied Mathematics from the University of Wisconsin Stevens Point.
(Source; http://tradeking.mediaroom.com/index.php?s=20 accessed on 3-3-2008)
Board of Directors
TradeKing’s Board of Directors is made up of leaders from the Financial Services and Technology sectors. Together, they form a strong team committed to bringing TradeKing’s customers a unique and first-rate brokerage experience, backed by guaranteed customer service.
Donato A. Montanaro, Jr. (Don) – Chairman & CEO
Recognized as a pioneer in electronic trading, Don was Founder and President of SureTrade, Inc., an NASD member brokerage firm and a subsidiary of Quick & Reilly. Under his leadership, SureTrade became profitable in 13 months and grew to be the 8th largest online brokerage firm worldwide. As special consultant to the American Stock Exchange (2002 – 2005), Don also conceived an innovative option product, the Fixed Return Option, due to be introduced by the Amex in early 2008. Don earned his J.D. from The Catholic University of America’s Columbus School of Law and his B.A. from the University of Notre Dame.
Michael Brown – Battery Ventures/General Partner
Michael Brown is a General Partner at Battery Ventures. Since joining Battery Ventures in 1998, Mr. Brown has made, or managed, a number of investments in the areas of financial services technology, enterprise software and business services. Mr. Brown currently serves on the board of directors of Fingerhut Direct Marketing, a privately held database marketing company, MRU Holdings, a publicly traded specialty finance company focused on the educational loan market, and OutlookSoft Corporation, a privately held company providing web-based business performance management solutions. In addition, he has been actively involved with Battery's investments in ChemConnect, The London International Financial Futures and Options Exchange (acquired by Euronext) and Pedestal, Inc. From 1996 to 1998, Michael was a member of the High Technology Group at Goldman, Sachs & Co., where he worked on a variety of debt and equity financings and merger and acquisition assignments. Prior to joining the High Technology Group, he was a Financial Analyst within Goldman's Financial Institutions Group between 1994 and 1996. Mr. Brown graduated magna cum laude from Georgetown University with a dual BS in Finance and International Business.
Brian O’Malley – Battery Ventures/Senior Associate
Brian is a Senior Associate at Battery Ventures, focusing his efforts on consumer internet and digital media investments. Before entering the venture world, Brian worked at several successful startups, including Bowstreet, Inc. (acquired by NYSE: IBM), Matrics, Inc. (acquired by NYSE: SBL) and Compoze Software (acquired by NASD: BEAS). Earlier in his career, Brian was at Ernst & Young's Center for Business Innovation and Motorola Computer Group. He received a BS in Economics from the Wharton School at the University of Pennsylvania. In addition, Brian mentors students in UC Berkeley's Center for Entrepreneurship Studies and is a judge in Wharton's Business Plan Competition.
Peter A. Ianello – OCA Ventures Partner/Co-Founder
Peter is a Partner and a Co-Founder of OCA Ventures and is the treasurer for the O'Connor Partners Investment Office. From 1995 to 1997, Peter was the President and Chief Executive Officer of SBC Capital Markets, Inc., the broker-dealer subsidiary of Swiss Bank Corporation. From 1979 until 1997, Peter was a General Partner and Member of the Executive Committee of O'Connor & Associates. Prior positions include Vice President of First Options of Chicago, Director of Surveillance for Chicago Board Options Exchange, Surveillance Department for the New York Stock Exchange, Surveillance Department and the research department of Loeb Rhodes & Co. Peter received a B.A. from Mount St. Mary's College in 1970. In addition, he is a Member of the Board of Trustees of Woodlands Academy of the Sacred Heart located in Lake Forest, Illinois.
Jerry Callaghan – Chairman – Legent Clearing Corp.
Jerry Callaghan is Chairman of Legent Clearing. In this role, he is responsible for the company’s strategic direction. Mr. Callaghan has more than 30 years of experience in the financial services industry. Prior to joining Legent, he was the Senior Managing Director of Bear Stearns. He was also Managing Director of the trading services division at Lehman Brothers Inc. and President of Shearson Lehman Brothers Inc.’s securities processing group (SPG).
Guy Gibson – Chairman – United Western Bancorp
Mr. Gibson is currently Chairman of United Western Bancorp, Inc. (formerly known as Matrix Bancorp, Inc.) of Denver, Colorado (NASD: UWBK), having returned to an active role with the firm in 2005. Mr. Gibson is also the founder and has served as Chairman of G2 Holding Corp. since 2002. G2 owned and controlled Legent Clearing LLC, a securities clearing firm, until its sale in February 2005.
Mr. Gibson originally founded United Western Bancorp in June 1993. Mr. Gibson served as the President and CEO of United Western Bancorp from June 1993 through June 2002. During that time period, Mr. Gibson was responsible for strategic direction and determining what new product and business lines to add to the United Western Bancorp consolidated group. Mr. Gibson was also one of the original founders of Matrix Financial Services Corporation (a national mortgage bank) and served as its Chairman from 1990 through June 2002. He has extensive mergers and acquisition experience as well as material experience in integrating new acquisitions as a result of the numerous acquisitions made by United Western Bancorp during his initial tenure in active management for the company. Prior to founding United Western Bancorp, Mr. Gibson held the position of Account Executive with the investment banking firms of PaineWebber from 1987 to 1989 and Lincoln Financial Group, a Denver-based mortgage serving brokerage firm, from 1989 to 1990. Mr. Gibson received a B.S. in Finance from Bowling Green State University.
Richard J. Hagen, Jr. – President & COO
Rich joined TradeKing from H&R Block Financial Advisors (“H&R Block”) where he was Head of Financial Advice Delivery. As part of his responsibilities at H&R Block, Rich led the firm’s online brokerage strategy and the integration of H & R Block’s online channel with its traditional branch-office-based business model. Prior to H&R Block, Mr. Hagen was at Foliofn where he served as Vice President of the firm’s retail brokerage division. Before joining Foliofn, Mr. Hagen succeeded Mr. Montanaro as President of Suretrade, where he was responsible for its operations and strategy. He also served on numerous committees and action groups within Fleet Financial, Suretrade's parent company, in developing Fleet's overall Internet strategy.
Philip Claxton – Chief Financial Officer
Phil was Senior Manager of Planning and Analysis at E*Trade. He also served as Vice President of Global Internet Strategy for Fleet Financial Services, Inc, Vice President of Strategy for Quick & Reilly Group and Vice President – CFO for SureTrade.
Thomas A. Desmond – Chief Growth Officer
Prior to joining TradeKing, Tom was a co-founder, Partner and Managing Director of Baird Venture Partners, LLC, a venture capital firm based in Chicago, IL. Prior to Baird Venture Partners, Tom served as a Vice President in Robert W. Baird & Co.’s Investment Banking Group. Tom was also a Senior Product Manager and Senior Analyst at Morningstar, Inc. and an Associate in Lehman Brothers Holdings Inc.’s Investment Banking Division. Tom earned an MBA with distinction from the Kellogg School of Management at Northwestern University, and MA with high honors from Michigan State University and a BA, cum laude, from the University of Notre Dame.
Contact
Email
service@tradeking.com
Our goal is to respond to every email within 24 hours. To speed a response, summarize your inquiry in the subject area of the e-mail. (Example: "How do I exercise an option?" should be placed in subject line of the email). This will help us direct your question to the most qualified representative.
Telephone
877.495.5464 (Available 8am – 6pm ET, Monday - Friday)
Fax
561.988.0131
Mail
Send checks, forms and letters to:
TradeKing
PO Box 811690
Boca Raton, FL 33481-1690
Send overnight deliveries to
(No Saturday deliveries):
TradeKing
5455 N. Federal Hwy, Suite E
Boca Raton, FL 33487-4994
Showing posts with label T. Show all posts
Showing posts with label T. Show all posts
Monday, March 3, 2008
Friday, February 29, 2008
Tradeking - History and Development
December 2005
Online Broker TradeKing Launches with Internet's Lowest Commissions
TradeKing, an online broker led by a team that helped pioneer online trading, unveiled its Web site, www.tradeking.com, offering the next generation of online trading services. With a flat fee of $4.95 for both equity and option trades, plus 65 cents per contract for options, TradeKing offers the lowest trading commissions on the Internet, with no hidden fees or account minimums. All TradeKing customers pay the same fee, regardless of trading volume or assets in the account.
TradeKing customers will be able to trade and manage a full suite of investments, including stocks, traditional options, mutual funds, exchange traded funds, bonds and Treasuries.
The online trading platform is complemented by a comprehensive set of information tools, including access to voluminous, but customized information such as a personalized RSS newsreader, educational podcasts, customized financial blogs and a Wiki community – all designed to make the TradeKing experience more engaging, more efficient and more effective.
TradeKing's founder, Donato A. Montanaro, Jr., created the online broker SURETRADE Inc. in 1997 and is recognized as one of the pioneers in electronic trading.
Donato A. Montanaro, Jr., TradeKing’s founder and CEO, is an electronic brokerage pioneers. He worked in the industry back in 1992 when online trading involved connecting to a broker through CompuServe with a 1200-baud dial-up modem.
Montanaro was the founder of SureTrade, launched in 1997 and it offered the lowest online trading commissions, $7.95. SureTrade became the 8th largest online broker and merged with Quick & Reilly’s online brand as part of Fleet Bank and Fleet Financial.
According to Montanaro, the online brokerage operational model is one of a few “proven”, even mature, business models on the Internet. Data exchanged via the Internet, including stock quotes, research reports, financial statements, analysis and trade order information, makes the net ideally suited to this business. The growth in the popularity of trading online has been driven by a strong desire by an increasing number of people to connect with – and control – their own personal finances. Additionally, revenue for a firm like TradeKing is primarily transaction-based, and expenses are largely variable. That lets you build and scale a business at the appropriate pace.
Montanaro feels TradeKing's idea is to shock clients with a truly fresh approach to their needs. TradeKing is one of the few brokerage firms that offers brokerage clients a real choice.
The company’s target market is a select group of traders who are active, Web-based traders who like to trade options and stocks.
TradeKing investors include members of the Quick family, founders of Quick and Reilly, and Bruce Rauner, a principal at the Chicago private equity firm GTCR. Two other nationally known venture capital firms holding an interest in the firm are Battery Ventures and OCA Ventures.
The typical profile of a TradeKing client is an experienced, knowledgeable online trader – approximately 80% of whom are male – who tends to trade actively during all market conditions and who increasingly uses option trading as a tool, whether to hedge or “insure” an equity stock position or to leverage potential return on a directional prediction.
Differentiation offered by TradeKing
TradeKing integrates a traditional trading platform with new option trading tools, such as the P&L Calculator, the Probability Calculator, and nineteen different strategic option chains. It also is the only brokerage firm in the world to actively use Web 2.0 tools, including a Wiki, blogs and RSS newsreader, within its brokerage platform. The company also places great emphasis on providing world-class customer service. Its motto is that clients are real people, not numbers, – and we treat each person with respect. TradeKing has found a way to offer the lowest commissions in the industry, while still maintaining a healthy operating margin, that displays the ability to manage technology, marketing and clearing expenses while maintaining revenue growth.
TradeKing is a next generation niche player within the industry – nimble, client-focused, and powered by community.
Online Discount Broker TradeKing Introduces Professional-Grade Portfolio Management Capabilities Using Portfolio Director 8.0 Desktop
Online discount broker TradeKing (www.tradeking.com) recently announced it now offers its clients access to portfolio management capabilities from Portfolio Director, Inc. (www.portfoliodirector.com), leaders in developing and supporting best-of-breed portfolio management systems. TradeKing clients can upload their TradeKing account data for both equities and options to the Portfolio Director 8.0 Desktop software to see time-weighed returns, compare their performance to key benchmarks, produce end-of-year gain/loss information and other flexible reports, re-balance holdings instantly according to model portfolios, view asset allocation by symbol, investment type, Morningstar category, and other professional portfolio management capabilities.
Boca Raton, FL (PRWEB) February 15, 2008 -- Online discount broker TradeKing (www.tradeking.com) recently announced it now offers its clients access to portfolio management capabilities from Portfolio Director, Inc. (www.portfoliodirector.com), leaders in developing and supporting best-of-breed portfolio management systems. TradeKing clients can upload their TradeKing account data for both equities and options to the Portfolio Director 8.0 Desktop software to see time-weighed returns, compare their performance to key benchmarks, produce end-of-year gain/loss information and other flexible reports, re-balance holdings instantly according to model portfolios, view asset allocation by symbol, investment type, Morningstar category, and other professional portfolio management capabilities.
"At this time of year, we know clients often review their annual portfolio performance so they can assess tax impact, re-balance their portfolios, check asset allocation, and so forth," said Don Montanaro, CEO and chairman of TradeKing. "We're pleased to give them access to a truly professional-grade portfolio management tool with plenty of firepower as they wrap up their year-end reviews. These new features made possible by Portfolio Director 8.0 Desktop are yet another step in giving our clients greater visibility into their ongoing investment success, helping them to make informed decisions about their equity and options trading."
Anyone looking for a good basic portfolio management and reporting package that won't break the bank should take Portfolio Director Desktop for a test drive.
With Portfolio Director 8.0 Desktop, TradeKing clients can benefit from features including:
Time Weighted Returns - An easy to understand performance report based on Time Weighted Returns shows TradeKing clients at-a-glance how well their portfolio is performing over any timeframe, or against any benchmark, the client chooses.
Asset Allocation - A flexible asset allocation that displays allocation by symbol, investment type, Morningstar Category, or a client's own custom classifications.
Portfolio Rebalancing: Clients can create a model portfolio to know when their portfolio is out of balance and make re-balancing their holdings a snap. The feature even recommends the number of shares to adjust.
Flexible Reports - Clients can create their own spreadsheet-style reports with their selection of columns and headers. Portfolio Director features many reports from which to choose and more than 100 different fields, so clients can tailor reports based on their specific needs. For instance, TradeKing clients can track their stock option strategies (e.g., Covered Calls, Bull Put Spreads) and see the true cost basis, or view the profitability of trading systems using the trade entry/exit notations.
Tax Gain/Loss - Clients can run reports showing their taxable gain / loss against the original purchase price of a stock, including date purchased and sold.
Portfolio Benchmarks - Clients can benchmark their individual portfolios against a number of metrics, including the S&P 500 and the Dow Jones Industrial Average.
Sources
http://www.ip97.com/online_broker_tradeking_launches_with_internet_s_lowest_bjjf.aspx
http://blogs.zdnet.com/micro-markets/?p=462
http://www.prweb.com/releases/2008/2/prweb697373.htm
Online Broker TradeKing Launches with Internet's Lowest Commissions
TradeKing, an online broker led by a team that helped pioneer online trading, unveiled its Web site, www.tradeking.com, offering the next generation of online trading services. With a flat fee of $4.95 for both equity and option trades, plus 65 cents per contract for options, TradeKing offers the lowest trading commissions on the Internet, with no hidden fees or account minimums. All TradeKing customers pay the same fee, regardless of trading volume or assets in the account.
TradeKing customers will be able to trade and manage a full suite of investments, including stocks, traditional options, mutual funds, exchange traded funds, bonds and Treasuries.
The online trading platform is complemented by a comprehensive set of information tools, including access to voluminous, but customized information such as a personalized RSS newsreader, educational podcasts, customized financial blogs and a Wiki community – all designed to make the TradeKing experience more engaging, more efficient and more effective.
TradeKing's founder, Donato A. Montanaro, Jr., created the online broker SURETRADE Inc. in 1997 and is recognized as one of the pioneers in electronic trading.
Donato A. Montanaro, Jr., TradeKing’s founder and CEO, is an electronic brokerage pioneers. He worked in the industry back in 1992 when online trading involved connecting to a broker through CompuServe with a 1200-baud dial-up modem.
Montanaro was the founder of SureTrade, launched in 1997 and it offered the lowest online trading commissions, $7.95. SureTrade became the 8th largest online broker and merged with Quick & Reilly’s online brand as part of Fleet Bank and Fleet Financial.
According to Montanaro, the online brokerage operational model is one of a few “proven”, even mature, business models on the Internet. Data exchanged via the Internet, including stock quotes, research reports, financial statements, analysis and trade order information, makes the net ideally suited to this business. The growth in the popularity of trading online has been driven by a strong desire by an increasing number of people to connect with – and control – their own personal finances. Additionally, revenue for a firm like TradeKing is primarily transaction-based, and expenses are largely variable. That lets you build and scale a business at the appropriate pace.
Montanaro feels TradeKing's idea is to shock clients with a truly fresh approach to their needs. TradeKing is one of the few brokerage firms that offers brokerage clients a real choice.
The company’s target market is a select group of traders who are active, Web-based traders who like to trade options and stocks.
TradeKing investors include members of the Quick family, founders of Quick and Reilly, and Bruce Rauner, a principal at the Chicago private equity firm GTCR. Two other nationally known venture capital firms holding an interest in the firm are Battery Ventures and OCA Ventures.
The typical profile of a TradeKing client is an experienced, knowledgeable online trader – approximately 80% of whom are male – who tends to trade actively during all market conditions and who increasingly uses option trading as a tool, whether to hedge or “insure” an equity stock position or to leverage potential return on a directional prediction.
Differentiation offered by TradeKing
TradeKing integrates a traditional trading platform with new option trading tools, such as the P&L Calculator, the Probability Calculator, and nineteen different strategic option chains. It also is the only brokerage firm in the world to actively use Web 2.0 tools, including a Wiki, blogs and RSS newsreader, within its brokerage platform. The company also places great emphasis on providing world-class customer service. Its motto is that clients are real people, not numbers, – and we treat each person with respect. TradeKing has found a way to offer the lowest commissions in the industry, while still maintaining a healthy operating margin, that displays the ability to manage technology, marketing and clearing expenses while maintaining revenue growth.
TradeKing is a next generation niche player within the industry – nimble, client-focused, and powered by community.
Online Discount Broker TradeKing Introduces Professional-Grade Portfolio Management Capabilities Using Portfolio Director 8.0 Desktop
Online discount broker TradeKing (www.tradeking.com) recently announced it now offers its clients access to portfolio management capabilities from Portfolio Director, Inc. (www.portfoliodirector.com), leaders in developing and supporting best-of-breed portfolio management systems. TradeKing clients can upload their TradeKing account data for both equities and options to the Portfolio Director 8.0 Desktop software to see time-weighed returns, compare their performance to key benchmarks, produce end-of-year gain/loss information and other flexible reports, re-balance holdings instantly according to model portfolios, view asset allocation by symbol, investment type, Morningstar category, and other professional portfolio management capabilities.
Boca Raton, FL (PRWEB) February 15, 2008 -- Online discount broker TradeKing (www.tradeking.com) recently announced it now offers its clients access to portfolio management capabilities from Portfolio Director, Inc. (www.portfoliodirector.com), leaders in developing and supporting best-of-breed portfolio management systems. TradeKing clients can upload their TradeKing account data for both equities and options to the Portfolio Director 8.0 Desktop software to see time-weighed returns, compare their performance to key benchmarks, produce end-of-year gain/loss information and other flexible reports, re-balance holdings instantly according to model portfolios, view asset allocation by symbol, investment type, Morningstar category, and other professional portfolio management capabilities.
"At this time of year, we know clients often review their annual portfolio performance so they can assess tax impact, re-balance their portfolios, check asset allocation, and so forth," said Don Montanaro, CEO and chairman of TradeKing. "We're pleased to give them access to a truly professional-grade portfolio management tool with plenty of firepower as they wrap up their year-end reviews. These new features made possible by Portfolio Director 8.0 Desktop are yet another step in giving our clients greater visibility into their ongoing investment success, helping them to make informed decisions about their equity and options trading."
Anyone looking for a good basic portfolio management and reporting package that won't break the bank should take Portfolio Director Desktop for a test drive.
With Portfolio Director 8.0 Desktop, TradeKing clients can benefit from features including:
Time Weighted Returns - An easy to understand performance report based on Time Weighted Returns shows TradeKing clients at-a-glance how well their portfolio is performing over any timeframe, or against any benchmark, the client chooses.
Asset Allocation - A flexible asset allocation that displays allocation by symbol, investment type, Morningstar Category, or a client's own custom classifications.
Portfolio Rebalancing: Clients can create a model portfolio to know when their portfolio is out of balance and make re-balancing their holdings a snap. The feature even recommends the number of shares to adjust.
Flexible Reports - Clients can create their own spreadsheet-style reports with their selection of columns and headers. Portfolio Director features many reports from which to choose and more than 100 different fields, so clients can tailor reports based on their specific needs. For instance, TradeKing clients can track their stock option strategies (e.g., Covered Calls, Bull Put Spreads) and see the true cost basis, or view the profitability of trading systems using the trade entry/exit notations.
Tax Gain/Loss - Clients can run reports showing their taxable gain / loss against the original purchase price of a stock, including date purchased and sold.
Portfolio Benchmarks - Clients can benchmark their individual portfolios against a number of metrics, including the S&P 500 and the Dow Jones Industrial Average.
Sources
http://www.ip97.com/online_broker_tradeking_launches_with_internet_s_lowest_bjjf.aspx
http://blogs.zdnet.com/micro-markets/?p=462
http://www.prweb.com/releases/2008/2/prweb697373.htm
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