Scottrade Announces Opening of New Lake Grove, N.Y. Branch Office

Business Wire,  May 7, 2008  

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Investment services firm continues area expansion with second Suffolk County branch office to serve North Shore customers

LAKE GROVE, N.Y. -- Scottrade, a leading branch-supported online investment firm, announces the opening of a new branch office in Lake Grove, N.Y. The branch, located at 115 Alexander Ave. in the Smith Grove Plaza, opens on Monday, May 12. The branch will be managed by Chad Esposito, who was formerly the Assistant Branch Manager at Scottrade's Huntington Station, N.Y. branch.

"The surrounding area has seen a lot of renovations and the new branch will be more convenient for many of our customers who live in the North Shore area," Esposito said. "With a branch close to home, our customers can meet face-to-face with their local brokers or stop in if they have any questions about their accounts or want to learn more about online investing."

Scottrade is an investment services company that provides the tools and research for customers to make their own investment decisions. Scottrade does not provide investment advice, but stock brokers are available at branch offices to answer account-related questions, provide customer service and give tutorials on Scottrade's online trading services.

"We feel it is important to have branch offices where our customers work and live," said Rodger Riney, Scottrade founder, president and CEO. "While most of our customers trade online, our local branch offices allow us to provide a better customer experience for online investors."

The Lake Grove branch is the second of two new Long Island branch offices Scottrade is opening this year and is Scottrade's fifth Long Island location. Scottrade opened its first New York branch in 1993 in Islandia and has since expanded into 18 other locations throughout the state. Other local offices are located in Huntington Station, Garden City and Valley Stream.

Scottrade's Lake Grove branch office is open Monday through Friday from 8:30 a.m. to 5 p.m. and can be reached at (631) 265-3121. For more, visit www.scottrade.com.

About Scottrade

Scottrade is a leader in online investing, serving individual investors who are comfortable making their own investment decisions. Scottrade is unique in the industry because it boasts low commission rates while offering the largest branch network among online brokerages, with 355 local branch offices nationwide. In October 2007, Scottrade was named Highest in Investor Satisfaction by J.D. Power and Associates for the seventh time. Scottrade.com is the online trading site of Scottrade, Inc. and offers customers the convenience of placing many orders online for just $7 per trade. In addition to its online capabilities, Scottrade staffs each easily accessible branch location with a branch manager plus additional brokers and assistants. In January 2008, Scottrade was named one of FORTUNE magazine's "100 Best Companies to Work For" in America. For more, visit www.scottrade.com.

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