June 16, 1991 |
From a fifth-floor office suite in tony downtown Beverly Hills, David Paul Kane runs the brokerage industry's bargain basement. It is Kennedy Cabot & Co., a low-budget outfit that has carved a small but visible niche for itself in Southern California by offering investors low commissions--"We will meet, beat or match our competitors," declares Kane--and no investment advice. Kennedy Cabot & Co. isn't the largest discount brokerage--industry leader Charles Schwab Corp.
September 16, 1990 |
In addition to Jewish Television Network, there are two producers of Jewish-oriented television programs distributed to Westside and Valley cable systems. David Paul Kane is the founder, producer, owner and host of "The American Jewish Hour," a schmaltzy weekly show that showcases local talent and presents interviews with show business personalities. A recent episode included Joyce Amee, who sang "Danny Boy" while accompanying herself on the accordion.
December 31, 1993 |
Paine Webber, one of the nation's biggest brokerage houses, announced Thursday that it will raise retail trading commissions by 3%, its first such move in three years. The fee hike comes amid predictions of record profits for the securities industry and may be an aberration, as several other big investment houses contacted Thursday said they have no plans to follow suit. Most major brokerage firms last boosted retail commissions in 1990.
April 1, 1998 |
In what would be the third purchase of a major Southern California discount brokerage firm in less than a year, Canada's fifth-largest bank said Tuesday it would pay about $100 million for Jack White & Co., the San Diego discounter. Toronto Dominion Bank said Jack White will operate as a division of its discount brokerage arm, Waterhouse Investor Services Inc. The San Diego company's founder, Jack K. White, will become chairman of the new division, which will keep the Jack White name.
July 6, 1988 |
Stockbroker Stuart Turney keeps his opinions to himself--a practice that saves his clients a lot of money. A brash 26-year-old at the Brown & Co. discount brokerage in Boston, he says he believes that smart investors need brokers who are good at executing trades, not explaining them. "If a customer doesn't understand my questions," he says, "I'll cut their account. I don't want people who don't know what they're doing jamming my phones."
May 28, 1999 |
David Paul Kane, a colorful former lobster importer and carwash owner who made a fortune in the discount brokerage business as founder of the aggressively advertised Kennedy, Cabot & Co., died Tuesday at his home in Century City after complications from a stroke. He was 82. Named after John F. Kennedy to appeal to upscale Democrats and Henry Cabot Lodge to lure Republicans, the Beverly Hills-based firm had no Kennedys, Cabots or Lodges on its payroll.