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99.10.05 American Express charges into Net trading

1999/10/05 23:13
1. American Express가 online trading과 financial advice를 결합한 'American Express Brokerage'를 출범 시킬 것이라고 발표했다.

2. 특성으로는 low cost online trading(심지어 잔고에 따라 무료 트레이딩도 허용), mutual fund choice 및 9,300명 이상의 개인 재무 상담가로 이루어진 'American Express Financial Advisors'의 지원을 받는 포괄적 재무계획 툴 등이다.

3. 따라서, 고객들이 언제, 어디서, 어떤 방법으로 투자할지를 알려주며, online brokerage시장에서 아직 전례가 없는 서비스와 툴이다.

American Express charges into Net trading
By Reuters

October 5, 1999, 6:20 a.m. PT

MINNEAPOLIS--American Express, joining the online trading fray, will launch American Express Brokerage, a firm combining online trading and financial advice, the company said today.

Features will include low-cost online trading--or even free equity trades depending on account balance, mutual fund choice, and comprehensive financial planning tools backed by access to American Express Financial Advisors, a network of more then 9,300 personal financial advisors.

American Express said the service and tools that it plans to offer later this fall are "unparalleled" in the online brokerage marketplace.

"American Express Brokerage lets our customers invest when, where, and how they want," said Doug Lennick, executive vice president, Advice and Retail Distribution Group, American Express.

The company said the new online brokerage represents an important step in establishing American Express's position in online commerce.

Story Copyright ⓒ 1999 Reuters Limited. All rights reserved.
 
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