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To: jbe who wrote (1800)4/13/2000 3:03:00 PM
From: BWAC  Read Replies (1) | Respond to of 5499
 
Best answer I can give is that the thread has a little style drift sometimes, kinda like some of the mutual funds do. (you know like a Blue Chip fund buying VISX)

Anyway I think, despite what the thread heading says, a lot of focus here is towards buy in before the herd arrives. And I think that is possibly how it drifted off to EGRP or AMTD or whatever. (We are kinda partial to NITE also).

I can find no fault with your assessments of SWS and NDB. They have grown at a lesser pace, but shown profitability. Possibly good, possibly bad. NDB only gained 29,000 accounts in their rrecent report, but have since partnered up with SI and some big overseas bank. Seems they willsoon enter the advertising game, at the expense of profits. I have heard SWS and NDB are no better than EGRP/AMTD at customer service. (But everybody hates Brown, which I find very near perfect)

I think in sum, it will eventually come down to economies of scale. The long term winner will be the one who can 1.)get the most customers and 2.)actually serve them well. EGRP/AMTD seem to have the first part covered. #2 is yet to be determined.