A Profile Overview of the Company Etrade Essay

Etrade is Provider of online investing services. It has established a popular, branded destination Web site for self-directed investors. It offers automated order placement and execution, along with a suite of products that can be personalized. (Dow Jones Interactive)As of September 30, 1999, Etrade had 1,551,000 active brokerage accounts, up 185 for the year, with assets held in customer brokerage accounts in excess of 28.4 billion, up 154 from last year. We began offering online investing services through the Internet in February 1996, and it has been our most rapidly growing channel, with transactions over the Internet and through online service providers representing more than 90 of our fourth quarter 1999 transaction volume. (10K report)Strategies used to gain new accountsThe extremely strong gains in new brokerage accounts, transactions and assets represent the success of our strategy to become the branded, global leader and recognized authority in electronic personal financial services. This strategy involves .leveraging the powerful brand of ETRADE to increase new customer accounts and assets held in customer accounts by offering a unique and compelling online experience providing the broadest range of high value-added tools, products and services enabling "anytime, anywhere, anyway" access, worldwide, to actionable information andintegrating a broad-based digital financial media strategy with existing product and service offerings(10 K report)Growth Strategiesexpanding global coverage by launching new sites in four additional countries (France, Sweden, the UK, and Japan) to complement our existing coverage in Australia, New Zealand and Canada the acquisition of TIR in August 1999 and in January 2000, the acquisition of Telebanc. TIR is active in equity, fixed income, currency and derivatives markets in over 35 countries, and holds seats on multiple stock exchanges around the world. Telebanc is the parent of Telebank, an Internet-based, federally chartered savings bank, offering a wide range of Federal Deposit Insurance Corporation ("FDIC")-insured and other banking products and services.Strategic Relationships We pursue strategic relationships to increase our access to online consumers, to build brand name...

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