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News Releases
Harrisdirect Reduces Commissions $7.95 trades and simplified price structure
JERSEY CITY, NJ – March 14, 2005 – Harris announced today that its direct investing provider Harrisdirect will significantly reduce and simplify its trade pricing effective April 18, 2005.
All Harrisdirect clients with $50,000 or more in total assets or those placing 30 or more trades per quarter will receive a $7.95 base commission rate per online equity trade up to 1,000 shares. For clients with less than $50,000 in total assets, the new trade price is $14.95 for the first 1,000 shares.
"Harrisdirect remains fully committed to providing clients with an empowering online investing experience that combines unparalleled service, tools, and research with one of the most compelling pricing schedules in the industry," says Charlie Piermarini, President and CEO of Harrisdirect. "The $7.95 pricing is just one of many enhancements we look forward to introducing as we continue to differentiate the value Harrisdirect provides."
| Total Assets |
Current Pricing*
(highest base price) |
New Pricing*
(effective April 18, 2005) |
| $500,000 + & Active Traders |
$9.95 |
$7.95 |
| $50,000 - $500,000 |
$19.95 |
$7.95 |
| $ 0 - $50,000 |
$19.95 |
$14.95 |
The option base commission for clients with $50,000 or more in assets will also be reduced from $19.95 plus $1.75 per contract to $7.95 plus $1.25 per contract, effective April 18, 2005.
The new pricing will also extend to Harrisdirect Institutional Brokerage Services (“IBS”) clients. The IBS group is a leading provider of third-party brokerage solutions for institutions seeking to develop or expand their online financial services capabilities.
Harrisdirect is a leading provider of direct investing and investment advisory services to informed investors with long-term financial goals as well as third-party brokerage services to institutional clients and is part of Harris, an integrated financial service organization that provides more than 1.5 million personal, business, corporate and institutional clients with banking, lending, investing, financial planning, trust administration, portfolio management, family office and wealth transfer services. Harris is a member of BMO Financial Group (NYSE, TSX: BMO). For more information, please visit www.harrisbank.com.
Current News Releases
After Sale Financial Management Topic of Fifth Exit Planning Seminar
NAPERVILLE, Illinois, March 1, 2005 – The last of five Exit Planning Seminars, sponsored by Harris Private Bank and Joseph Associates International, Inc., will be held Friday, March 18, 2005, and will feature financial advisor Eleanor Blayney discussing "After Sale Financial Management."
This five-part series, entitled Securing a Business Owner's Golden Years, has been presented by Harris Private Bank, Joseph Associates International Inc. and Sullivan, Bruyette, Speros & Blayney (SBSB), a part of Harris Private Bank. According to Ron Tuite, Managing Director with Harris Private Bank, this fifth seminar will bring a close to the series that has offered attendees guidance to develop plans to manage the money they make on the sale of their businesses.
"When people sell their businesses, they are likely to get a sum of money that must be managed in a way that will secure the future of the business seller," Tuite said. "Eleanor Blayney is an expert at helping people take their money and realize the financial and personal dreams they may have had since starting their business."
The final seminar, "After Sale Financial Planning," will be held from 7:30 a.m. to 9 a.m. on Friday, March 18, 2005, in the Naperville Area Chamber of Commerce conference room. The presenter is Eleanor Blayney, Managing Director and head of the SBSB-Chicago office. SBSB is a part of Harris Private Bank and provides financial planning and wealth advisory services.
Blayney specializes in financial planning and investment management with an emphasis on cash flow analysis, risk management, retirement and estate planning and portfolio design. She is a graduate of Mount Holyoke College and Cambridge University, UK, and holds an MBA from the University of Chicago.
Seating is limited for the seminar and reservations are preferred. Admission is $35, and course materials and continental breakfast will be provided. This final session will begin at 7:30 a.m. in the NACC conference room, Suite 375, located at 55 S. Main Street in Naperville. To make reservations call (630) 355-6061.
Current News Releases
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