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PaineWebber's online business is growing at a robust clip, thanks to the brokerage's ability to deftly balance the move to Internet transactions while remaining loyal to its brokers.
Since it first began moving online three years ago, PaineWebber has ensured the expertise of its 8,500 brokers carries over and is interwoven with its online client services. The company primarily serves individual investors and the capital markets.
PaineWebber EDGE, the company's client service portal, increased assets by 18 percent in the first quarter. By the quarter's end, 208,300 client households had subscribed to EDGE,...