Institutional Research and IRA Cash Management Now Available to Qualified
Customers
NEW YORK, Jan. 10 /PRNewswire-FirstCall/ -- E*TRADE Securities LLC, a
wholly-owned subsidiary of E*TRADE FINANCIAL Corporation (NYSE: ET), today
announced the availability of enhanced investment tools and services for
retail investors.
Recent consolidation activity has accelerated the pace of product
enhancements at E*TRADE, with the introduction of solutions and features
geared to help investors manage their portfolio with more online information
and guidance. Customers now have access to the following research products
that aim to provide a wide breadth of detailed information and ratings on
equities:
* Premium institutional-quality research -- customers with $100K or
more in assets at E*TRADE will have free access to institutional
equity research on over 850 leading U.S. companies within 50
industries.
* Expanded free research offerings from industry -- recognized
Independent Research Providers (IRPs), such as Reuters and Standard
& Poor's, for all customers-consensus ratings, analyst ratings, and
news from leading vendors are now available.
* Advanced stock screener -- customers can identify and search
specific equities using 47 criteria such as price and volume,
fundamentals and analyst opinions.
* Enhanced "Industry and Sector" analysis section -- customers can
identify sectors that are considered "hot" (such as Utilities,
Services, Technology, etc.) and compare sectors.
Integrating Retirement Accounts with Cash Management Tools
Continuing the integration of cash management solutions that began with
the introduction of the E*TRADE Complete(TM) Investment Account in 2005,
eligible customers now have a number of cash management features in their IRA
when they upgrade to an E*TRADE Complete(TM) IRA. Customers who are age
59 1/2 can write checks, pay bills electronically and use debit cards within
their Traditional IRA, IRA Rollover, Roth IRA, Roth IRA Conversion, Simple IRA
or SEP IRA.
Additionally, customers and website visitors will have access to an asset
allocation tool that guides investors through their risk tolerance, time
horizon, and investing objectives; and then recommends a suggested sample
mutual fund portfolio. Additional features to be added in Q1 '06 will include
a comparative of a customer's selected E*TRADE account holdings to the
suggested portfolio, which will indicate if the account is over- or under-
weight in any asset class (large cap, small cap, international, fixed income,
and cash), and will then permit customers to purchase the suggested mutual
funds.
Complimentary Web-Based Education Now On Offer
E*TRADE Securities is committed to providing investors with research and
education to help them make thoughtful investment decisions. The Company
offers free web seminars on beginning to advanced trading and risk management
strategies, including technical analysis and options, that are exclusive to
all E*TRADE customers.
"The pace of consolidation activity at E*TRADE benefits customers in
numerous ways -- E*TRADE customers now have a broader portfolio of tools and
services with which to manage their investments," said Michael Curcio,
executive vice president of Retail, E*TRADE Securities. "Our strategy is to
grow our customer base by drawing investors to these new features, and to keep
them at E*TRADE with our differentiated and integrated banking, investing and
lending solutions."
The most recent enhancements join a long list of unique investment
features and benefits at E*TRADE, such as:
* The financial industry's first two-factor authentication security
program for retail investors
* The E*TRADE Complete Investment Account with Intelligent Cash
Optimizer(1)
* The E*TRADE(R) Mileage Maximizer Account credit card balance
transfer solution
* The 12b-1 mutual fund rebate program(2)
* The 2-Second Execution Guarantee(3)
* The lowest cost ratio Index Funds in the industry(4)
(1) The Intelligent Cash Optimizer is available to all customers
maintaining a balance of $50,000 or more in combined E*TRADE Securities and
E*TRADE Bank accounts or by making at least 30 stock or options trades per
quarter. It is a unique, dynamic cash management modeling tool that
illustrates the earning potential for your uninvested cash.
(2) For details and important information about the 12b-1 rebate program,
please visit http://www.etrade.com/fundrebate for a list of participating funds and
specific restrictions such as account eligibility, tax consequences, and
payment schedules. The E*TRADE Index Funds do not charge 12b-1 fees and are
not part of the rebate program.
(3) Qualifying orders for the 2-second execution guarantee are limited to
market orders to buy, sell, or buy-to-cover from 100 to 500 shares of the
stocks included in the S&P 500 Index (and exchange-traded funds, if
applicable) received between 9:45 a.m. and 3:59 p.m. For more details and
information about the 2-second execution guarantee, please visit
http://www.etrade.com/2secondguarantee.
(4) For important information and details about the lowest-cost E*TRADE
Index Funds, please visit http://www.etradefunds.com. As commissioned by E*TRADE
Asset Management, Inc., Lipper determined that the E*TRADE Index Funds had the
lowest effective expenses as of January 4, 2006, by comparing them to other
Pure Index Funds in the same Lipper Investment Classifications/Objective,
while excluding institutional and other mutual funds requiring minimum
investments of $100,000 or more and exchange-traded funds. The E*TRADE Index
Funds expenses are the lowest because they are contractually limited through
April 30, 2006. There is no assurance that the expense limits will continue
beyond April 30, 2006.
Important Notices
E*TRADE FINANCIAL and the E*TRADE FINANCIAL logo are registered trademarks
or trademarks of E*TRADE FINANCIAL Corporation. The statements contained in
this news release that are forward-looking are based on current expectations
that are subject to a number of uncertainties and risks, and actual results
may differ materially. The uncertainties and risks include, but are not
limited to, changes in market activity, anticipated increases in the rate of
new customer acquisition, the conversion of new visitors to the site to
customers, the activity of customers and assets held at the institution,
seasonality, the development and enhancement of products and services,
competitive pressures (including price competition), system failures, economic
and political conditions, changes in consumer behavior and the introduction of
competing products having technological and/or other advantages. Further
information about these risks and uncertainties can be found in the
information included in the annual reports previously filed by E*TRADE Group,
Inc. or E*TRADE FINANCIAL Corporation with the SEC on Form 10-K (including
information under the caption "Risk Factors") and quarterly reports on Form
10-Q.
Securities products and services offered by E*TRADE Securities LLC, Member
NASD/SIPC. Banking and lending products and services are offered by E*TRADE
Bank, a Federal savings bank, Member FDIC, or its subsidiaries. E*TRADE
Securities LLC and E*TRADE Bank are separate but affiliated companies.
E*TRADE FINANCIAL Media Contact
Pam Erickson
E*TRADE FINANCIAL Corporation
617-296-6080
pam.erickson@etrade.com
E*TRADE FINANCIAL Investor Relations Contact
Adam Townsend
E*TRADE FINANCIAL Corporation
703-236-8719
adam.townsend@etrade.com
SOURCE E*TRADE FINANCIAL Corporation
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Related links:
http://www.etrade.com
CONTACT:
Media, Pam Erickson, +1-617-296-6080, or
pam.erickson@etrade.com, or Investor Relations, Adam Townsend,
+1-703-236-8719, or adam.townsend@etrade.com, both of E*TRADE
FINANCIAL Corporation
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