Maybe, someday big banks will get the message that they are not providing the people who utilize their services with the options and features that is needed to help us remain, successful, efficient and productive in the market. If we win in this game, they win, its very simple...
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The Globe and Mail reports in its Thursday, Oct. 15, 1998 edition that discount brokerage, once the fastest growing segment of the investment industry, is seeing business level off as the stock market slump continues. The Globe's Richard Blackwell writes that executives at discounters report that the overall volume of transactions is relatively stable, although this marks a big change from the double and even triple digit annual percentage growth that occurred during the bull market. John See, president of the Toronto Dominion Bank's discount broker Green Line Investor Services says business is flat from a year ago. He says it's hard for anyone not to be pulled down psychologically. Bruce Schwenger, president of Bank of Montreal's InvestorLine discount broker, says declines are modest in volume, but not like the big drops full service brokerages are seeing. Royal Bank of Canada's Action Direct discount brokerage has seen a 20 per cent decline in the number of transactions per account |
