Count and Kingston choose E*Trade


Count Financial and Kingston Capital have signed up with E*Trade for the provision of wholesale listed securities broking services.
E*Trade head of broking services Don Sillar (pictured) said his company would be providing a “tailored broking solution” for both Kingston and Count.
He said he believed planners were seeking lower cost alternatives to direct share trading, and he regarded his company’s offering as a logical fit.
Confirming the arrangement, Count chief executive Andrew Gale said his company had opted to go with E*Trade because it provided a number of options and could be fully integrated with Xplan.
Kingston Capital chief executive Steve Thomson said that his company had previously traded through several brokers, and that the single broker arrangement would reduce risks and increase efficiency.
Recommended for you
The financial advice industry has enjoyed another week of strong new entrant numbers, totalling nearly 40 for the past fortnight, thanks to the latest exam passes.
Momentum Media’s wealth publishing network – comprising InvestorDaily, ifa, SMSF Adviser, Money Management, and Super Review – is proud to launch the annual Australian Wealth Management Awards.
Investment information firm Equity Story has signed a binding heads of agreement to acquire South Australian financial advisory and stockbroker Baker Young for $4.2 million.
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.