TD Waterhouse Group Inc. - TWE- Profile

TD Waterhouse Group Incorporated. The principal activity of the Company is global online financial services. The Company provides brokerage, mutual fund, banking and other consumer financial products and services. The company operates in the United States, Canada, Australia, the United Kingdom and Hong Kong. The company also provides clearing and execution services for broker-dealers and acts as investment advisor to a series of proprietary mutual funds. Mutual fund offerings include over 13,000 mutual funds from over 600 fund families. The Company also offers online discount brokerage, clearing services for a number of other brokers-dealers. The Company operated 175 branches in the United States, 40 branches in 9 provinces in Canada, 8 branches in Australia, 1 branch in Hong Kong and 3 customer service center and 1 business development office in the United Kingdom. Commissions and fees accounted for 49% of 2000 revenues; interest revenue, 40%; mutual fund and related revenue, 7% and other, 4%.