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ING Direct Investing Review: ShareBuilder Renamed, Refocused And Simplified

By Peter Anderson 8 Comments - The content of this website often contains affiliate links and I may be compensated if you buy through those links (at no cost to you!). Learn more about how we make money. Last edited April 20, 2017.

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A couple of weeks ago I did a review of Betterment, a cool new super-simple investing platform that I had discovered. I have since signed up for an account, and am now investing a portion of my money with them. What I like about them is that they keep everything extremely simple for newer investors or average Joes, giving just a few options to choose from when investing. You just choose your stock/bond allocation, link your account, and start investing. You can even make it automatic every month – and they’ll re-balance your portfolio on a regular basis. Simple, and very accessible to new investors.

It seems like a lot of companies are realizing that new investors want to be able to invest, but sometimes they’re just intimidated by the number of options available to them when they sign up for a brokerage account, and they want things simplified. Because of that there has been a trend towards simplifying the process for people through sites like Betterment, and now through one of my favorite banks and brokers – ING Direct.

This week ING Direct announced that they would be renamed from ING Sharebuilder to ING Direct Investing. While the name change isn’t that big of a deal, there are also some significant changes in the works for their site as well that aim to make the site even simpler and less time consuming for self directed investors.

Quick Navigation

  • ING Direct ShareBuilder Renamed To ING Direct Investing
  • ShareBuilder Background
  • ING Direct New Website And Tools
  • So What Has Changed At ING Direct Investing?
  • ShareBuilder Fees, Commissions And Minimums
    • Stock Trades Cost
    • Options Trades Cost
    • Fees And Minimums For An Account
  • Conclusion

ING Direct ShareBuilder Renamed To ING Direct Investing

So first things first – ING Direct ShareBuilder is being re-branded as ING Direct Investing, Inc.  Why the change?  I reached out to  Jeff at Sharebuilder:

Over the past ten years, ING DIRECT has become synonymous with simplifying savings. The thought behind ShareBuilder’s new site was to make investing as simple as possible, without all the unnecessary information that you’ll find elsewhere. The name change (ShareBuilder will always be ShareBuilder, now it’s just located under the ING DIRECT Investing umbrella) is just one aspect of trying to bring our customers a simplified investing platform.

So basically they wanted everything to start out fresh with their new website and platform that they’re launching this month.  Start everything off with a clean slate.   The new name is certainly direct and to the point.  ING Direct Investing.  Who they are and what they do right in the title.  Simple.

ShareBuilder Background

From Wikipedia:

ShareBuilder Corporation, is a United States based online stock brokerage firm founded in 1996 (as NetStock Direct). It encourages recurring, automatic purchases of shares of stock, ING Mutual Funds (Class O) and exchange-traded funds. All transactions occur online and are entirely at the discretion of the account holder, thus it is an execution-only service. The company does not have brokerage sales representatives or advisors.

Account holders can use ShareBuilder’s online research tools to investigate stocks, similar to other online brokerages such as Scottrade, TD Ameritrade and Fidelity. In 2005, ShareBuilder began offering 401(k) plans to small businesses. On November 19, 2007, ShareBuilder Corporation was purchased by ING Direct, a subsidiary of ING Group for USD 220 million. In June of 2009, ShareBuilder moved its headquarters from Bellevue, Washington to 83 King Street, in the Pioneer Square district of Seattle, Washington.

ING Direct New Website And Tools

So why did they decide to simplify the website, and hopefully make it more accessible? Their press release says it loud and clear – they’ve been doing market research and found that people found doing research and investing was too complicated and confusing.

A new online survey among 1,009 investors conducted by Harris Interactive on behalf of ING DIRECT Investing shows that information overload is not helping investors make better financial decisions.  More than four in ten investors (44 percent) say the amount of research available to consult — graphs, charts, financial news, social media — is “complicated,” “confusing” or “overwhelming,” according to the survey.  Just 18 percent of investors say the available information is easy to understand.

“Brokerages have created a perception that investing in the stock market is complicated and incredibly onerous,” said Arkadi Kuhlmann, President and CEO of ING DIRECT.  “We’re challenging these notions and offering an alternative approach that won’t force investors to be a slave to their portfolio.  ING DIRECT Investing solves the issue of complexity and confusion by eliminating unnecessary bells and whistles and investing jargon.”

So 44 percent of investors find the amount of research available overwhelming and hard to understand.  It’s no wonder they decided to take some steps towards simplifying.

So What Has Changed At ING Direct Investing?

So there’s a lot of talk of simplifying and making it easier to investors to invest – and not get bogged down in un-necessary details.  So what specifically is changing?

  • Simpler,  wider design: They’ve taken the site’s design and made it wider, removed un-necessary components and cut out un-needed and technical investing jargon.
  • More focused research:  Less of the information you probably don’t need, and more focused research from Standard & Poor’s, TheStreet.com and Sabrient.
  • Important information where you need it:  A new floating quote toolbar lets investors see important information from their account at a glance.  Searches are also tailored towards users historic interests.
  • Portfolio management tools improvements: Their new tools will allow investors to see investments by sector, region, assets and market cap as well as by performance ratios, returns, historical pricing and more.
  • Better integration with ING Direct Bank accounts:  You can now automatically connect your ING Direct Savings or ING Direct Checking account directly to ING Direct Investing – and set up automatic investing.

ShareBuilder Fees, Commissions And Minimums

For the most part ING Direct’s fees, commissions and minimums remain the same.

Stock Trades Cost

  • $9.95 stock trades
  • Automatic investment trades for only $4

Options Trades Cost

  • $9.95 per online trade,  + $1.25 per contract
  • $7.95 per online trade,  + $0.75 per contract if you’re on the advantage plan

Fees And Minimums For An Account

ING Direct Investing currently has no account maintenance fees, monthly minimums or inactivity fees.  All prices are charged on a flat rate, and what you see is what you pay.

Conclusion

Personally I think that the trend towards simplified investing is a good thing as it makes investing accessible to a whole lot more people than it has been in the past – simply because they were scared off by the complexity of things.  Whether ING’s changes will actually result in making it easier remains to be seen. To check it out for yourself, sign up for a free account through the link below.

Sign Up For The New Simpler ING Direct Investing

Tell us what you think of the new ING Direct Investing name, along with their redesigned site in the comments!

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Last Edited: 20th April 2017 The content of biblemoneymatters.com is for general information purposes only and does not constitute professional advice. Visitors to biblemoneymatters.com should not act upon the content or information without first seeking appropriate professional advice. In accordance with the latest FTC guidelines, we declare that we have a financial relationship with every company mentioned on this site.

This article is about: Investing, Retirement, Review

About Peter Anderson

Peter Anderson is a Christian, husband to his beautiful wife Maria, and father to his 2 children. He loves reading and writing about personal finance, and also enjoys a good board game every now and again. You can find out more about him on the about page. Don't forget to say hi on Pinterest, Twitter or Facebook!

Comments

    Share Your Thoughts: Cancel reply

  1. Chris @cfcents.com says

    I have been using Sharebuilder since March of 2009, love it, great product for buy and hold investors. Hard to beat the $4 “Automatic” investing option.

    Reply
  2. Andrea @SoOverDebt says

    I’m a ShareBuilder newbie but I love the new site. It’s not dramatically different, but it’s more streamlined and easier to navigate. I am a huge fan so far – enough information that I understand, not so much that I get confused.

    Reply
  3. Morp says

    I like the new site, but I can’t locate the dividend information for the ETFs that I use (Such as SPY). Can anyone tell me where to find this info on the Sharebuilder site? I can find it for regular stocks like TM. Thanks.

    Reply
  4. Frugally Savvy says

    I used to use ING Direct a lot back in the day until they lowered their interest rates

    Reply
  5. Phi Do says

    We started with ShareBuilder back in March of ’09 as well (same as Chris from above). I love the simplicity and low costs. The fact that they were owned by ING was a huge plus and allowed for quick dollar transfers with our savings account.

    Reply
    • Deepak singh says

      so what link do i use to login now?
      i used to have sharebuilder account many years ago.
      i have not logged in and now the site has changed. pls help

      Reply
  6. CreditDonkey says

    I just signed up with ING Direct and I like how they presented the options easy and complete information for young investor like me.

    Reply
  7. Dave says

    I use Sharebuilder and Scottrade. I like both brokerages. I buy every tuesday for $4.00 and with Scottrade I buy every thursday. (or whenever the market drops) I have done well with this plan. If you like this plan as well, Scottrade has a new referral code that will get you 3 free trades when you open any type of account.

    Scottrade referral code: IXFV9382 (3 free trades when you open an acct.)

    Happy investing !!!! (Not happy trading !!!)

    Dave

    Reply
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