commsec buys tdwaterhouse?, page-3

  1. 51 Posts.
    15 April, 2002

    Dear Customer

    TD Waterhouse, together with CommSec and the Commonwealth Bank, are writing to inform you of the sale of TD Waterhouse Investor Services Australia to CommSec. Pending regulatory approval, this sale will be effective from 1 May 2003.

    Over the past few years TD Waterhouse has worked hard to successfully position itself as one of the leading players in the Australian marketplace. As a client, you would know that we have developed an excellent product offering, set the benchmark in customer service, established a strong brand name and increased our customer base in a very competitive environment. This success has made for an attractive acquisition opportunity for CommSec.

    Stockbroking businesses require large scale to deliver the best quality products and service at an affordable price. We believe that the scale CommSec brings to the TD Waterhouse business, and its market leading position achieved through innovation and commitment to customer service, will ensure you receive the best brokerage service in Australia.

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