Freerealtime.com to Add Brokerage Services
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Real-time stock quote provider Freerealtime.com Inc. Thursday announced plans to offer brokerage services to its members through a partnership with FarSight Financial Services LP.
The companies expect the new services, which will launch next year, to generate $24 million in revenue during the first three years. No details were given on how revenues would be shared.
In addition to online trading, Freerealtime members will be able to invest in mutual funds, pay bills online and will get check writing and debit card privileges. The site will also add several investment research tools.
"We are adding this full-featured brokerage service through our alliance with FarSight Financial LP because our members have consistently told us they wanted a one-stop Web site for all their personal finance needs," said Brad Gunn, president of Freerealtime.com.