Futuristic Eskimo
All Star
I'll take a medium sized bounce so I can free up some cash from this thing already
Boiler Room: The Official Stock Market Discussion
Domingo Halliburton
Handmade in USA
Icahn and Soros getting real bearish. Icahn especially.
waited too long to enter CSLT 
. Hopefully this will catalyze gains for a long time. Just sold all my Aimia shares to by 180 shares eff it. Will buy more CSLT later and some Aimia next week. And while were at it VRX is getting bought too
. Hopefully this will catalyze gains for a long time. Just sold all my Aimia shares to by 180 shares eff it. Will buy more CSLT later and some Aimia next week. And while were at it VRX is getting bought too
Check out TD Ameritrade, brother. No minimum deposit and they have 24/7 customer service
I was thinking about them too. It's a toss-up between them two. But Ameritrade has higher commissions ($9.99 compared to $4.95 for TradeKing).
However, Ameritrade has more ETF options.
I have bought stock before (with Sharebuilder), but not much. I still consider myself a beginner/novice. I have read that TradeKing is great for beginners while Ameritrade is better for more intermediate traders.
I have bought stock before (with Sharebuilder), but not much. I still consider myself a beginner/novice. I have read that TradeKing is great for beginners while Ameritrade is better for more intermediate traders.
Domingo Halliburton
Handmade in USA
Sounds like the Fed wants to hike in June.
88m3
Fast Money & Foreign Objects
Well...I just found out Ally bank bought TradeKing. I bank with Ally.
MediaRoom - Press Releases
"By acquiring TradeKing, it’s demonstrating its strength and willingness to grow in an important way. Our goals are aligned, as are our businesses. Ally doesn’t currently offer online brokerage or advisory services, so TradeKing fills that gap perfectly for Ally’s customers. TradeKing doesn’t offer online banking or the many related services of a bank – Ally does."
----
About TradeKing and Ally
Ally Financial acquires robo-adviser TradeKing for $275 million
Ally Financial acquires robo-adviser TradeKing for $275 million
The online bank is expanding to include investment services through the brokerage company
Ally Financial, an online financial services firm for automotive financing, banking and insurance, has acquired TradeKing Group, a brokerage and direct-to-consumer robo-adviser, for approximately $275 million, the company announced on Tuesday.
TradeKing is a self-directed brokerage and offers TradeKing Advisors, an automated registered investment adviser for investors with about $12 million in assets under management, according to its latest ADV filing. The transaction is expected to close in the third quarter. TradeKing Group, which includes the RIA and the brokerage, has $4.5 billion in client assets, including approximately $1.1 billion of cash and cash investments and 260,000 funded accounts, according to the company.
"The trend toward digitally-based financial services continues to gain momentum with consumers in general, and we see even greater opportunities ahead as the millennial generation begins to require a broader selection of financial products, including wealth management," Jeffrey Brown, chief executive officer of Ally Financial, formerly known as GMAC, said in a statement.
The firm will use TradeKing to create a single customer platform for both banking and investment services. Ally Bank is also planning to offer credit-card and mortgage products.
Ally Financial, which has about $160 billion in assets as of December, drew out the possibility of expanding into the wealth management industry in its February 2016 8K filing. It first got its start in automotive finances, founded by General Motors, providing new and used vehicle financing, leasing, contracts, loans and insurance. Ally Bank, the firm's banking subsidiary, offers certificates of deposit, savings accounts, money market accounts and individual retirement accounts.
Banks are eyeing robo-advisers these days. In January, BBVA Compasspartnered with FutureAdvisor. In December, US Bancorp said it was planning to offer its own robo in 2016, and last June, Capital One introduced a hybrid robo-model. Bank of America Merrill Lynch also has a robo in the works for this year.
Meanwhile, M&A activity in the robo-adviser market heated up significantlylast year. The reason? Acquiring robos is a quick way for firms to assemble this technology for their clients, and it often comes with a more reasonable price tag than building such a platform from scratch.
TradeKing Advisors started two years ago, and began with a risk-based investing model. It now offers a goals-based approach for investors as well.
"This is great news for our clients and our teammates, as we will continue to bring innovation and outstanding value to the marketplace, only now with the power and breadth of services of the Ally brand in our corner," Don Montanaro, chief executive of TradeKing, said in a statement.
MediaRoom - Press Releases
"By acquiring TradeKing, it’s demonstrating its strength and willingness to grow in an important way. Our goals are aligned, as are our businesses. Ally doesn’t currently offer online brokerage or advisory services, so TradeKing fills that gap perfectly for Ally’s customers. TradeKing doesn’t offer online banking or the many related services of a bank – Ally does."
----
About TradeKing and Ally
Ally Financial acquires robo-adviser TradeKing for $275 million
Ally Financial acquires robo-adviser TradeKing for $275 million
The online bank is expanding to include investment services through the brokerage company
Ally Financial, an online financial services firm for automotive financing, banking and insurance, has acquired TradeKing Group, a brokerage and direct-to-consumer robo-adviser, for approximately $275 million, the company announced on Tuesday.
TradeKing is a self-directed brokerage and offers TradeKing Advisors, an automated registered investment adviser for investors with about $12 million in assets under management, according to its latest ADV filing. The transaction is expected to close in the third quarter. TradeKing Group, which includes the RIA and the brokerage, has $4.5 billion in client assets, including approximately $1.1 billion of cash and cash investments and 260,000 funded accounts, according to the company.
"The trend toward digitally-based financial services continues to gain momentum with consumers in general, and we see even greater opportunities ahead as the millennial generation begins to require a broader selection of financial products, including wealth management," Jeffrey Brown, chief executive officer of Ally Financial, formerly known as GMAC, said in a statement.
The firm will use TradeKing to create a single customer platform for both banking and investment services. Ally Bank is also planning to offer credit-card and mortgage products.
Ally Financial, which has about $160 billion in assets as of December, drew out the possibility of expanding into the wealth management industry in its February 2016 8K filing. It first got its start in automotive finances, founded by General Motors, providing new and used vehicle financing, leasing, contracts, loans and insurance. Ally Bank, the firm's banking subsidiary, offers certificates of deposit, savings accounts, money market accounts and individual retirement accounts.
Banks are eyeing robo-advisers these days. In January, BBVA Compasspartnered with FutureAdvisor. In December, US Bancorp said it was planning to offer its own robo in 2016, and last June, Capital One introduced a hybrid robo-model. Bank of America Merrill Lynch also has a robo in the works for this year.
Meanwhile, M&A activity in the robo-adviser market heated up significantlylast year. The reason? Acquiring robos is a quick way for firms to assemble this technology for their clients, and it often comes with a more reasonable price tag than building such a platform from scratch.
TradeKing Advisors started two years ago, and began with a risk-based investing model. It now offers a goals-based approach for investors as well.
"This is great news for our clients and our teammates, as we will continue to bring innovation and outstanding value to the marketplace, only now with the power and breadth of services of the Ally brand in our corner," Don Montanaro, chief executive of TradeKing, said in a statement.
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Domingo Halliburton
Handmade in USA
Told you these financials are driving the market. Kept the market afloat today after the fed decision..
88m3
Fast Money & Foreign Objects
Domingo Halliburton
Handmade in USA
@March Madness I still think yen can weaken vs dollar....
Especially when Kuroda finances their deficit or whatever he's planning. I think they want 120.
Especially when Kuroda finances their deficit or whatever he's planning. I think they want 120.
I know this is probably B.S but has anyone heard anything about worldpokerfund? Apparently they have a $400MM deal with a rapper
Soulja Boy’s Official Statement on $400 Million Contract With World Poker Fund Holdings “WPFH” – World Poker Fund Holdings, Inc. (WPFH)
Maybe this is a good opportunity for a quick flip?
Soulja Boy’s Official Statement on $400 Million Contract With World Poker Fund Holdings “WPFH” – World Poker Fund Holdings, Inc. (WPFH)
Maybe this is a good opportunity for a quick flip?
