thinkorswim Group Inc. · Chicago, IL United States
Company Description
Phone: 773-435-3210
Fax: 773-435-3232
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This link will open in a new window thinkorswim Group (formerly Investools) gives consumers the hammer and nails for building their financial dream. Specializing in options trading, the company provides online trading services, research, and advisory services to retail and individual investors in the US and Canada. Its Investools unit provides consumer-oriented investor education and information through seminars, workshops, online and DVD-based home study courses, a subscription-based online Investor Toolbox, and other offerings. Courses cover online investing, portfolio management, and cash flow strategies. In addition, the company offers personal coaching sessions via telephone and e-mail. TD AMERITRADE acquired thinkorswim in 2009. To read the full description, subscribe now.
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Key thinkorswim Group Inc. Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $371.8 |
| 2008 Employees | 698 |
Competition
Competitive Landscape for thinkorswim Group Inc.
Demand is driven by economic activity that results in company mergers, acquisitions, or public financing. The profitability of an investment bank depends on its ability to accurately assess both the value of a business transaction and the readiness of the market to buy the attendant debt or equity. Big firms have an advantage because large customer transactions require firms with substantial financial resources. Small investment banks can compete by participating in syndications and operating in regional markets or specialized industries. Although labor-intensive, the industry produces very high value: average annual revenue per employee at large firms is under $1 million. The global financial crisis of 2008-2009 dramatically altered the landscape of the investment banking industry. Morgan Stanley and Goldman Sachs, the only large firms still intact, have changed their status from investment banks to bank-holding companies. Both firms still engage primarily in investment banking, but former industry leaders such as Bear Stearns, Merrill Lynch, and Lehman Brothers have either been acquired or have filed for bankruptcy protection. The demise of these firms and the late 2000s recession have likely ushered in a new era in which the creation of innovative but risky financial instruments will be replaced by more traditional banking services. The new environment also means more industry oversight by the federal government, which had to step in and bail out dozens of financial services firms with billions of dollars of taxpayers' money. To read the full description, subscribe now.Top thinkorswim Group Inc. Competitors
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