thinkorswim
 | A major contributor to this article appears to have a close connection with its subject. (July 2008) |
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| File:Thinkorswimlogo.jpg | |
| Company type | Public (Nasdaq: SWIM) |
|---|---|
| Industry | Investor Education and Online Brokerage |
| Founded | Education division (Investools) in 1983 as Telescan, Inc. |
| Headquarters | New York with offices in Draper, UT and Palo Alto, CA |
Key people | Lee Barba, CEO Ida Kane, SVP/CFO Ainslie Simmonds, SVP/CMO/CPDO Paul Helbling, SVP/CAO Tim Knight, SVP Technology Dale Ainge, SVP Student Acquisition Scott Sheridan, EVP, thinkorswim Group Inc Tom Sosnoff, EVP, thinkorswim Group Inc Peter Santori, SVP & GC |
| Products | Investor Education and Online Brokerage |
| Revenue |  $318 million USD (2007) |
| Website | www.thinkorswim.com www.investools.com |
thinkorswim (Nasdaq: SWIM) brokerage, with its Investools division, is an American company offering live and online investor education services. In addition, through its brokerage subsidiary, thinkorswim, Inc., Investools provides services to more than 71,175 funded trading accounts for self-directed option traders and institutional users who invest in equities, exchange-traded funds, futures, mutual funds and bonds.
Revenue for 2007 was a record $318 million, including the operations of thinkorswim from February 15, 2007. Client assets are almost $2.6 billion at December 31, 2007. The average client account is $45,000, significantly above industry average[citation needed]. Active subscribers to its education programs was 102,800.
Investools Inc. offers investor education and brokerage and related financial products and services for self-directed investors. Investools Education Group offers a range of investor education products in a variety of interactive delivery formats, including instructor-led synchronous and asynchronous online courses, in-person workshops, one-on-one and one-to-many online coaching programs and telephone, live-chat and email support. thinkorswim Inc., Investools’ online brokerage firm services self-directed stock, options and futures traders. thinkorswim offers customers a broad range of products including equity securities, fixed income, index products, options, futures, other derivatives and foreign exchange[citation needed]. thinkorswim provides front end trading platforms that allow its customers to trade electronically and provides trading tools and analytics.
Subsidiary Thinkorswim, Inc. is a brokerage firm registered with FINRA, a self-regulatory body.[1]
History
1997: Founding
 | This article appears to contradict itself on date of establishment. (July 2007) |
Telescan, a provider of stock charting and screening tools, is created by Dr. Richard Carlin.
1999: Mergers
The current Investools was formed by the merger of Telescan, Inc. of Houston, Texas, and Online Investor's Advantage of Provo, Utah.
2005: Prophet purchase
In January, Investools purchased Prophet Financial Systems, Inc. and embarked on a re-architecture of the Investor Toolbox. Prophet's founder, Tim Knight, was made the SVP of Technology.
2006: Stock listing
In May, Investools common stock was listed on NASDAQ and added to the Russell 3000, 2000 and Microcap indexes on June 30.
In September, Investools announced a merger with thinkorswim, Inc., a leading online brokerage specializing in options that was founded in 1999.
2007: New ticker symbol
In February, the company completed the merger with thinkorswim and its ticker symbol was changed to SWIM.
2008: SEC investigation
In May the company announced that they were cooperating with an informal SEC investigation into deceptive presentations used during sales meetings.
2008: Name change
In June, the group adopted the name of its brokerage subsidiary, thinkorswim, for its corporate identity, changing the listed holding company's name from Investools, Inc. to thinkorswim Group Inc.[2]
References
- ^ "BrokerCheck THINKORSWIM, INC CRD# 106069 SEC# 8-52991". FINRA. Retrieved 2008-07-25.
- ^ "Press release: thinkorswim Group Inc. Name Change Effective Today". thinkorswim. 2008-06-06. Retrieved 2008-07-27.