Directors Confident of Success for New Stockbroking Company

LONDON - The Directors of SimplyStockbroking Said That They Were Very Confident in the Success of Their new Business

SimplyStockbroking which offers its services from today, will provide a range of services for private investors. Stephen Pinner, Chairman, said “This is an ideal time to provide easy to use services where individuals can tidy up their holdings, even if there are just a few shares involved. As we all know, investments have come in for an extremely tough time and no one really knows exactly when the markets will turn in an upward direction. However, many people are now waiting for the right time to make their move. We have launched SimplyStockbroking to provide a range of straightforward share dealing services. Nothing complicated and our first product demonstrates just how easy it is to deal in the markets. Individuals with a few pounds to invest or a handful of shares to sell will be as welcome at SimplyStockbroking as much as those with more substantial investments.”

SimplyStockbroking has been established to simplify the dealing process for investors by introducing a web based process which allows individuals to buy and sell shares. Commissions start at GBP5 for small sales, one of the lowest rates in the market. Other products will be launched during the next few months and facilities are also being provided for shareholders to donate sales proceeds to charities of their choice, should they wish.

The directors have extensive experience of the UK broking market:

Stephen Pinner, Chairman and Chief Executive Officer has been involved in Stockbroking for over 40 years and has for the past 12 years advised broking firms how best to operate their businesses through his specialist management consultancy, Goodacre UK.

John Douthwaite, Chief Operating Officer was instrumental in the creation of both City Deal Services, one of the fastest growing broking businesses in the 1990’s and more recently comdirect which merged in 2006 with Selftrade to form one of the UK’s largest retail execution only stockbrokers.

John Farthing, Finance director, was a director of Cheviot Asset Management from 1993 to 2006 and since then director of Kingston Smith Advisers.

All three directors are Fellows of the Securities and Investment Institute.

Notes for Editors

1. SimplyStockbroking is backed by a number of city based investors and was authorised by the FSA on 29th January 2009 and is a member of PLUS Markets.

2. SimplyStockbroking operates from offices in Spitalfields London E1.

3. SimplyStockbroking is managed by Stephen Pinner FSI, Chairman, John Douthwaite FSI, Chief Operating Officer and John Farthing FCA FSI, Finance Director. All the directors have been involved in the management and development of some of the UK’s largest retail stockbrokers.

LONDON, April 27 /PRNewswire/ –

Source: SimplyStockbroking

Further Information: Stephen Pinner, +44(0)20-7042-9910, +44(0)7940-078-295. John Farthing, +44(0)20-7042-9910, +44(0)7799-862-896. John Douthwaite, +44(0)20-7042-9910, +44(0)7932-654-929.