April 13th, 2006
Elusive hotel dampens convention business
SYRACUSE - Scottrade, a national firm that serves individual investors through offices and the Internet, is opening its first Syracuse location on May 17.
The Missouri-based company operates offices in Buffalo, Rochester, and Albany, and it has been aggressively opening new offices - at a rate of two or three per month, says Kelly Doria, Scottrade’s media-relations director. The Syracuse office is 1,700 square feet.
“Scottrade is excited to open a Syracuse office, because we have many clients who work and live in that area,” says Rodger Riney, Scottrade’s president. “We feel this new office is extremely important to customers a convenient office which to do business.”
The new office will be located at the State Tower Building, 109 S. Warren St., Suite 01A. The branch is open from 8:30 a.m. to 5 p.m. and will be managed by George Flevares. Flevares had been a broker in the Rochester office for the past three years, Doria says.
The company does not disclose how much money it invests in an office when it moves to a new market, Doria says, nor does it disclose terms of its lease.
Scottrade, has plans for additional expansion in New York, Riney says. In New York, Scottrade also has offices in White Plains, Manhattan, Islandia, Garden City, Forest Hills, and Brooklyn. After Syracuse, Scottrade’s next New York office will be opened in New City, Rockland County.
Established in 1980, Scottrade (formerly Scottsdale Securities, Inc.) is a leader in online investing and is currently ranked. highest in Investor Satisfaction with Online Trading Services by J.D. Power and Associates. The September 2003 announcement was the fourth consecutive year Scottrade has received the honor.
The firm serves individual investors who are comfortable making their own investment decisions. Scottrade says it boasts very low commission rates while offering easily accessible, local branch office support of online trading in 211 locations nationwide.
Scottrade.com is the online trading site of Scottrade and offers customers the ability to place market orders online for just $7 per trade. The company is based in Des Peres, Missouri, has 700 employees, and generates annual revenues of about $200 million.