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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: Dave Hanson who wrote (3917)	12/2/1998 5:04:00 AM
From: steve goldman	Read Replies (1) \| Respond to of 4969

Dave, If you or anyone else is interested, please feel free to email me and I will ask a few clients to email youwith their experiences. As well, I would ask any of our clients that read this thread to please post their experience with our firm, but as well, if you scroll back a few days' posts, you will run into them. Similar questions pop up all the time. As well, we were chosen by gary smith, from thestreet.com, as his top choice over schwab, etrade and others. At the bottom of the commission page is the commission structure...if you call me , I can fax you a list of other fees, wire fees, transfer and ship fees, etc. I should have that on the site, but to be honest, few ask for it. Generally speaking, those miscellaneous fees that our clearing firm, pershing charges, are very reasonable, generally a few bucks less than most other firms. But, more simply, I'll try to put the fees on the site in the next day or so. Active trader discounts - we don't adjust the base ticket at all, yet we do waive the improvements or make adjustment in the improvement charge, when realizsed for active traders. We have a premier service, one that virtually noone else on the street offers, and we charge for it. After you get past that, the improvemetns and quality of fills relative to the inside market and relative to other firms, is excellent and usually pays for the commissions many times over. Feel free to call me and i'll personally review the fees with you. Regards, Steve@yamner.com

To: Dave Hanson who wrote (3917)	12/2/1998 1:48:00 PM
From: steve goldman	Read Replies (2) \| Respond to of 4969

Transfering Someone PIM'd a good question about the fastest and best way to transfer assets from one firm to another. Lets start this way, sometimes transfers can go easily and quickly, many times they can be a bear... He is my rough guide at getting it done quickly. 1. Open new account at firm by faxing forms or however the firm is willing to do it quickly. 2. Start the transfer process..do the following three steps: a. FED fund wire any cash to the new account. Fed fund wires should be handled same day if the firm is diligent, with a cap of 48 hours processing. You could be ready to trade at the new firm within the day if they are diligent, by the end of the next day at worse. b. SUBMIT to the new firm an ACAT transfer form. This gets put on the ACAT transfer system by the receiving firm, which then electronically gets sent to the delivering firm. usually this is the slow boat, because the delivering firm usually takes their time, checks with supervisors, makes one last pitch at keeping the account, etc. Figure 7 to 10 business days ifyou are lucky,..4 weeks if the delivering firm screws it up. c. while the ACAT slow boat is sailing , submit a DTC stock transfer form to the delivering firm, listing the stocks and remaining assets (post FED funds transfer and pre-ACAT completion). Usually firms will NOT transfer full transfers by DTC stock transfer request, so be sure to leave 1 or two small, nonvolatile positions in the account. I If they comply, DTC stock transfers are like cash, same day. This permits you to get your cash into the account day one, gets the ball rolling on the slow-boat ACAT transfers, and then gets a same day DTC stock transfer into action. If that DTC stock transfer fails, atleast you have the slow boat coming up the tracks. Lastly, what we do at Yamner often, is once we have equity in some form, cash, stock etc., if the person wants to sell stocks here that havent been fully delivered, if we have affirmed the assets, they can either sell them 'effectively' long here or we can sell them short here and when the stocks arrive we deliver the delivered stocks against the short positions. This virtually eliminates any concerns about open positions. Regards, Steve@yamner.com