Online brokerage and wealth management house Capital Manhattan is to launch the Executive account, an intermediate-level, day trading account to complement its retail trading division.
The account will launch in early Autumn 2014.
Until now the firm has focused exclusively on large, wealthy institutions, private equity and other corporate investment clients. With the integration of its web-based trading platform, Capital Manhattan decided to open up a retail trading division.
Senior analyst Alan Jones says: “We decided to create an ‘Executive’ level retail trading account which allows access to services, trading tools, and benefits normally reserved for our VIP and larger corporate account holders. A retail day-trader can now open an Executive account with a minimal deposit and has immediate access to a personal broker; a broker who has years of experience creating customised trade plans and implementing risk management strategies designed to preserve your capital and build wealth. We give our account holders a winning edge in the market that other brokerages simply do not offer.”
The initial deposit to open an Executive account has been reduced from USD10,000 to USD1,000 for a limited time. In addition to the personal broker services, the account also comes with daily signals, financial planning, wealth building strategies, fee based concierge services and a special Nasdaq index trading plan.