Scottrade Announces Opening of Kingwood, Texas Branch Office

Online investment firm expands into northeast Houston area to
provide local customer service for online investors
KINGWOOD, Texas--(Business Wire)--
Scottrade, a leading branch-supported online investment firm,
announces the opening of a new branch office in Kingwood, Texas. The
branch, located at 534 Kingwood Drive in the Kingwood Commons, opens
Monday, May 27.

The branch will be managed by Sylvia Chester, who joins Scottrade
with 21 years of financial services experience.

"Kingwood is a thriving community and opening this branch office
will be a nice addition to the area," Chester said. "This will be
Scottrade's first branch office in the northeast Houston area. We are
looking forward to opening a branch in Kingwood, where our customers
can easily stop by for assistance or learn more about online
investing."

Scottrade is an online investment firm that provides the tools and
research for customers to make their own investment decisions.
Scottrade does not provide investment advice, but stock brokers are
available at branch offices to answer account-related questions,
provide customer service and give tutorials on Scottrade's online
trading services.

"We feel it is important to have branch offices where our
customers work and live," said Rodger Riney, Scottrade founder,
president and CEO. "While most of our customers trade online, our
local offices allow us to provide a better customer experience for
online investors."

The Kingwood branch office will be Scottrade's 25th Texas
location. Scottrade opened its first Texas branch office in Houston in
1991 and since has expanded into seven other locations in the Houston
area.

Scottrade's Kingwood branch office will be open Monday through
Friday 8 a.m. to 5 p.m. and can be reached at (281) 812-9888. For
more, visit www.scottrade.com.

About Scottrade

Scottrade is a leader in online investing, serving individual
investors who are comfortable making their own investment decisions.
Scottrade is unique in the industry because it boasts low commission
rates while offering the largest branch network among online
brokerages, with 357 local branch offices nationwide. In October,
Scottrade was named Highest in Investor Satisfaction by J.D. Power and
Associates for the seventh time. Scottrade.com is the online trading
site of Scottrade, Inc. and offers customers the convenience of
placing many orders online for just $7 per trade. In addition to its
online capabilities, Scottrade staffs each easily accessible branch
location with a branch manager plus additional brokers and assistants.
In January 2008, Scottrade was named one of FORTUNE magazine's "100
Best Companies to Work For" in America. For more, visit
www.scottrade.com.

Scottrade
Patricia Lee, 314-965-1555 x3581
pllee@scottrade.com

Copyright Business Wire 2008