In 2007, they bought the U.S. Internet inventory brokerage trustworthy ShareBuilder, and added that to its ING Manage Internet banking operation.
Types
ING Direct offers two types of stock purchase plans, both powered by ShareBuilder.
Identification
ING is a Dutch financial conglomerate, offering services in asset governance, banking and insurance. The gathering is vast, with operations in 50 countries, added than 130,000 employees, and is ranked by Forbes as the ninth largest association in the heavenly body. Most Americans are known with ING on ice its online assistance, ING Frank.
History
ING is the product of a 1990 merger between Nationale-Nederlanden and NMB Postbank Cartel. ING grew as it acquired other financial organizations all over the heavenly body.More and more, the out of date brick and mortar brokerage is fitting an institute apart for burly novel, enormous ticket investors. While many proposition online brokerage services, so arrange many other financial institutions. ING Frank, the accepted Internet banking avail offered by Dutch financial giant ING, began offering such a inventory buy work in 2007.
One is a conventional stock brokerage plan, and the other is offered as part of an Individual Retirement Account (IRA).
Features
The brokerage plan operates on a two track system. One is an automatic investment option that withdraws money from an account on a pre-determined schedule and uses it to purchase stocks. The other is an on-demand, real time trading option. The latter is more expensive per trade. The IRA stock purchase plan has Roth and traditional options.
Benefits
A traditional IRA has the advantage of allowing most of the people using it to deduct their contributions towards the IRA from their income taxes. However, money withdrawn from the IRA after retirement is taxed. The Roth IRA is simply a regular account, as it offers no special tax incentives.
Considerations
ING Direct's stock brokerage services will probably be most attractive to people who are already ING customers.
