Merrill Lynch's Cash Management Account shakes Wall Street
Merrill Lynch merged banking with brokerage to launch a Cash Management Account CMA that blends margin trading with a money market fund and Visa checkwriting. By midyear nearly 110000 CMA accounts were opened, with more than $6 billion invested in the CMA money trust.
MENTIONED IN THIS ARTICLE
Merrill Lynch
Wall Street
New York
Pierce, Fenner & Smith
CMA Money Trust
CMA
Adrian L. Banky
Securities Industry Assn
China
Dean Witter Reynolds
Shearson Loeb Rhoades
Advest Group
Hartford
A.G. Edwards
St. Louis
Bache Halsey Stuart Shields
Prudential Insurance Co. of America
Prudential
Bache
Merrill Lynch Cma
Provident National Bank
Philadelphia
Money Market Fund
State Street Bank and Trust Co
Boston
First Jersey National Bank
Jersey City
Visa
Bank One
Columbus
Ohio
Federal Reserve Board
Fed
Colorado State Banking Board
Colorado
Lawrence Kidder Peabody ad promises growth and expertise
Lawrence office representatives Stephen Edmonds and Leo Smith promote Kidder Peabody as a top ten global investment firm offering a full investor spectrum from stocks to tax shelters. With 11 trading centers, the firm touts rapid executions, a strong research team, and over $100 million in capital, emphasizing growth and local access.
MENTIONED IN THIS ARTICLE
Stephen Edmonds
Leo Smith
Lawrence
Kidder, Peabody
Kansas
Peabody Trading Centers
U.S
Steve
Leo
Steve Edmonds
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Frank Hoenemeyer
Cha GaNh Apartments
Crescent Heights
Acorn
Ath
Lawrence National Bank
Jay Underwood
Robert Dillon
Main Street
Kansas City
Leo F. Smith
New Brotherhood
Walter E. Willmert
Wyandotte
SIPC
Lawrence Investors