ShareBuilder

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ShareBuilder Corporation
TypeSubsidiary
IndustryFinancial Services
Predecessor(s)NetStock Direct
Founded1996
HeadquartersSeattle, WA, United States
Key peopleDaniel Greenshields, President
ParentING Bank, fsb, a subsidiary of Capital One operating as ING DIRECT
Websitewww.sharebuilder.com
 
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ShareBuilder Corporation
TypeSubsidiary
IndustryFinancial Services
Predecessor(s)NetStock Direct
Founded1996
HeadquartersSeattle, WA, United States
Key peopleDaniel Greenshields, President
ParentING Bank, fsb, a subsidiary of Capital One operating as ING DIRECT
Websitewww.sharebuilder.com

ShareBuilder (formally ShareBuilder Securities Corporation) is a United States based online brokerage firm founded in 1996 (as NetStock Direct). It encourages recurring, automatic purchases of shares of stock, ING Mutual Funds (Class O) and exchange-traded funds. All transactions occur online and are entirely at the discretion of the account holder, thus it is an execution-only service. The company does not have brokerage sales representatives or advisors. Account holders can use ShareBuilder's online research tools to investigate stocks, similar to other online brokerages such as Scottrade, TD Ameritrade and Fidelity. In 2005, ShareBuilder began offering 401(k) plans to small businesses. On November 19, 2007, ShareBuilder Corporation was purchased by ING Direct, a subsidiary of ING Group for US $220 million.[1] In June 2009, ShareBuilder moved its headquarters from Bellevue, Washington to 83 King Street, in the Pioneer Square district of Seattle, Washington.[2] In February 2012, Capital One Financial Corporation completed its acquisition of ING Bank, fsb, and its subsidiaries, including ShareBuilder Corporation. ShareBuilder is no longer affiliated with ING Group.[3]

Account types[edit]

The following are the basic types of accounts available with ShareBuilder:

Account operation[edit]

Account holders may purchase stock or ETFs in either whole or fractional share amounts. ShareBuilder does not require minimum account balances, allowing people to invest small amounts of money. Online trades are $6.95 each, while automatic investing (occurring every Tuesday) is $3.95 per investment.[4]

For approved investors, ShareBuilder also offers basic option trading strategies such as buying calls or puts and writing covered calls. Long margin investing (i.e. buying on margin) is also offered, but not short margin (i.e. short selling).

Industry Awards and Rankings[edit]

ShareBuilder earned two stars and finished twentieth overall in the StockBrokers.com 2011 Online Broker Review.[5] In 2012, they earned three stars and a fifteenth place finish.[6] For 2013, ShareBuilder continued improving, earning three stars, a twelfth place finish, and Best Online Banking Services.[7] In 2014, ShareBuilder shifted up one position to eighth with a four star rating and were awarded #1 Online Banking Services.[8]

See also[edit]

References[edit]

  1. ^ "ING DIRECT acquires ShareBuilder" (Press release). ShareBuilder Securities Corporation. 2007-11-19. Archived from the original on 2008-02-15. Retrieved 2008-01-02. 
  2. ^ "ING DIRECT acquires ShareBuilder" (Press release). ShareBuilder Securities Corporation. 2007-11-19. Retrieved 2008-01-02. 
  3. ^ Landes, Luke (February 17, 2012). "Federal Reserve Approves Capital One's Acquisition of ING Direct". Forbes.com. Retrieved June 10, 2012. 
  4. ^ "Choosing the Right Investments". Retrieved 13-Mar-2014. 
  5. ^ "2011 Online Broker Review", January 18, 2011.
  6. ^ "2012 Online Broker Review", February 21, 2012.
  7. ^ "2013 Online Broker Review", February 19, 2013.
  8. ^ "2014 Online Broker Review", February 18, 2014.

External links[edit]