DEARBORN, Mich., and NEW YORK, Oct. 22 /PRNewswire/ -- Ford Financial and
TD Waterhouse Group, Inc. (NYSE: TWE; TSE), the global online financial
services firm, today announced an agreement under which TD Waterhouse will
offer brokerage services to the more than 10 million employees and customers
of Ford Motor Company and its subsidiaries through TD Waterhouse's customized
web site, http://www.ford.tdwaterhouse.com. TD Waterhouse, which has over
150 retail branches nationwide, also today celebrated the grand opening of a
new branch in Dearborn, Michigan. The branch is located close to Ford's
corporate campus, enabling TD Waterhouse to better serve Ford employees and
other Dearborn-area customers.
"The Ford Financial-TD Waterhouse agreement continues Ford Financial's
expansion of initiatives to bring a variety of best-in-class financial
products to our customers," said Robert D. Charles, Ford Financial's Senior
Vice President of Global Product Development. "Ford customers appreciate
value, and we think they'll recognize it in TD Waterhouse's products and
services." Ford Financial is the trustmark umbrella over Ford Motor Credit
Co., the world's largest automotive finance company. Ford Financial is also
the brand for the finance company's growing personal finance group.
"Joining forces with Ford Financial is a great way to make millions of
consumers aware of TD Waterhouse's high-quality investment services," said
Randall M. Miller, Chief Marketing Officer of TD Waterhouse Group, Inc. "We
think Ford's employees and customers will find our offering compelling, and
look forward to adding them to the more than 3.3 million active accounts we
serve today."
The customized website designed by TD Waterhouse,
http://www.ford.tdwaterhouse.com, allows visitors to access a full range of
brokerage services, including:
* Online investing for stocks, bonds, mutual funds and options;
* Access to more than 1,400 no-transaction-fee mutual funds;
* Cash management services for brokerage accounts;
* News and research from third party sources including Goldman Sachs,
Standard & Poor's, Dow Jones, and more;
* Account access from personal computers, telephone, branch locations
and wireless devices including cell phones and personal digital
assistants; and
* Investment education through in-branch seminars and online planning
tools.
The Website opened last week exclusively to Ford employees and is expected
to be available to the general public in the first quarter of 2002.
About Ford Financial
Ford Motor Credit Company is the world's largest automotive finance
company, serving more than 10 million customers in 40 countries, with a
portfolio of more than $200 billion in managed assets. Ford Financial is the
Company's trustmark umbrella and the brand for its expanding personal
financial services portfolio and affiliation programs, including the Ford
Money Market Account, Fixed-Rate Notes, Online Brokerage Services, Home
Lending and Vehicle Insurance. The Company's automotive finance brands --
Ford Credit, Volvo Finance North America, Mazda American Credit, Jaguar
Credit, Land Rover Capital Group and PRIMUS Financial Services -- work with
more than 12,500 dealers globally to offer consumers financing on new and used
vehicles.
About TD Waterhouse
TD Waterhouse Group, Inc., (NYSE: TWE; TSE) provides investors and
financial advisors with a broad range of brokerage, mutual fund, banking and
other consumer financial products on an integrated basis. Worldwide, TD
Waterhouse currently services 3.3 million active customer accounts in the
United States, Canada, the United Kingdom, Australia, and Hong Kong. The firm
also has joint ventures in Japan, India and Luxembourg to serve investors in
those countries. TD Waterhouse can be found on the Internet at
http://www.tdwaterhouse.com and on America Online at Keyword: TD Waterhouse.
TD Waterhouse's majority owner is TD Bank (NYSE: TD; TSE). Headquartered in
Toronto, Canada, with offices around the world, TD Bank Financial Group offers
a full range of financial products and services to approximately 13 million
customers worldwide. In the U.S., brokerage services provided by TD
Waterhouse Investor Services, Inc., Member NYSE/SIPC.
SOURCE TD Waterhouse Group, Inc. and Ford Financial
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Related links:
http://www.tdwaterhouse.com
http://www.ford.tdwaterhouse.com
CONTACT:
Melinda Wilson, +1-313-322-3475,
mwils106@ford.com, or Dan Jarvis, +1-313-594-2527,
djarvis1@ford.com, both of Ford Financial; Melissa Fox of TD
Waterhouse Group, Inc., +1-212-908-3101,
MelissaFox@TDWaterhouse.com
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