Genève, Switzerland, July 12, 2008 --(PR.com
)-- Rive Financial today announced second quarter results showing that net new client assets increased more than eight-fold, total client assets rose 28 percent, and commissionable trading volumes increased 75 percent compared with the second quarter 2007.
“These are significant gains and indicate that retail and institutional clients are responding well to the series of initiatives we have implemented over the past several months to lower commission rates, enhance our brokerage technology platforms, eliminate mutual fund loads* and certain brokerage fees, and bolster our trading guarantees,” said James A. Wellington, C.F.O., Rive Financial, which includes 1.25 million individual investor accounts, nearly 300 broker/dealers, and more than 2,200 investment advisers through Rive Personal Investments, and Rive Financial.
“We are well positioned to lead the brokerage industry in the expansion of services that are outsourced – beyond traditional clearing and settlement – to help firms grow their business and drive cost efficiencies, by offsetting any losses with the continued strength in oil and gasoline markets.” Wellington said.
About Rive Financial:
Rive Financial S.A. (www.rivefinancial.ch) is a Swiss investment company which specifically concentrates on alternative investments such as global commodity futures and foreign exchange. Rive Financial offers our diverse clientele the professional know-how and specialized expertise necessary in analyzing, building and managing robust investment solutions. Rive Financial S.A. is part of the Swiss Futures Trading Association and is a registered at the Eidgenossische Anstalt für Finanzdienstleistungsaufsicht (eafin.ch).
For further information please contact:
6 Cours de Rive,
1204 Genève, Switzerland